There are new problems in the United States. Where’s the dollar?

By 19/06/2020News
Morning Stock News

Gold   1693,50
(-1,69%)

EURUSD   1,0799
( -3,61%)

DJIA  24115
(-6,88%)

OIL.WTI  25,095
(-35,60%)

DAX   10609
(-13,58%)

Another trading week is coming to an end and it is clear from it that the markets do not understand anything. The euphoria of the end of the pandemic at the beginning of the week was completely absorbed by the negative sentiment of the repeated outbreaks of the epidemic and problems with unemployment in the USA.


GBP/USD

GBPUSD

Still, there are problems in the USA, as the data of 1.5 million initial unemployment applications turned out to be higher than predicted. There are still more than 20 million unemployed in the US and something has to be done with them. The support of the state, although it works, but not in the way everyone wanted. It is already seen that the government will expand its assistance measures in the future, so there are likely to be problems with growth in June. The S&P500 index is traded at the level of 3110, almost at the level of opening. DAX took all investors’ fears and fell by 0.8%.


Euro

Euro is losing its position against the dollar for the third trading session. As we have already said, the current situation is not enough for growth, so the Euro has made a correction to the possible level of 1.1000. This is not a big deal. Summer is the time of ranges and it should be used correctly in its trading decisions. On Thursday the Euro traded at 1.1200, which is only 0.3% lower than last day’s price.


JAPANESE YEN

The Japanese Yen risks becoming very popular in the near future. Because of the clear actions of the Bank of Japan, investors see that the situation is under control. The monetary policy remains at the same level. The Bank of Japan will take any regulatory measures if necessary. Such specific statements can send the pair USD/JPY down to the level of 105 and below.


What’s waiting for us today?

04.30 Volume of retail sales in Australia for May
09.00 UK retail sales volume for May
20.00 Address by Fed Governor Powell


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