Daily Alert: Wednesday 7th June 2017

Mark NugentDaily Alert, June 2017

Forex Analysis for Wednesday 7th June 2017

Economic Calendar

Early today (Wed) we have AUD GDP beating expectation at 0.3% vs 0.2%.

Latest Opinium UK election poll showed Conservatives at 43% vs. Labour at 36% (Prev. 43% vs. 37%). (Twitter)

Market Reaction

The risk tone remains very cautious with the looming UK election, ECB Rate statement and Comey testimony all happening tomorrow. The S&P is flat, oil languishes below USD50/bbl and gold soars. JPY strengthens and the US 10 Year drops. Classic risk-off. Other moves of note: the FTSE250 drops to the bottom of the consolidation zone. Japan225 moves back down through 20,000 resistance and the AUS200 moves down through support but is then tempered by the good GDP report. On currencies, the USD, EUR and GBP all drop. CAD consolidates, the AUD is bolstered by the GDP number and the NZD grinds upwards.

News Media

What Draghi may say tomorrow
Porr economic outlook for UK

Today’s Calendar

Today’s events have already happened.

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