Daily Alert: Tuesday 6th June 2017

Mark NugentDaily Alert, June 2017

Forex Analysis for Tuesday 6th June 2017

Economic Calendar

RBA Interest Rate Decision 1.5% vs. Exp. 1.5% (Prev. 1.5%). RBA reiterated that steady policy is consistent with growth and inflation targets, while it also commented that labour market indicators remain mixed and that tighter regulation is to decrease risks from increasing debt. (Newswires)

Survation Poll conducted on June 2nd-3rd showed UK Conservatives at 41.5% vs. Labour 40.4% (Prev. 40% vs. 39%). (Newswires) Note, that the survey was carried out on Friday and Saturday before the London Bridge attack.

Market Reaction

The USD is flat and US equity indices are static at all-time highs. Oil is down and gold up. US 10 Year up slightly. JPY weakens slightly. The sentiment is neutral/risk-off. The EUR falls and the GBP is up but consolidating. CAD consolidates, AUD moves back up to support and the NZD approaches resistance. This morning the main issues are equities gapping lower, gold rising and the JPY strenthening. So we are moving yet further into risk-off territory.

News Media

Nothing.

Today’s Calendar

Today’s events have already happened.

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