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Key Points
- There was a report suggesting that the Bank of Japan (BOJ) is likely to consider slowing the pace of tapering at its monetary policy meeting later this month. Currently, it is reducing bond purchases by ¥400 billion per quarter, but a plan to cut that to ¥200 billion is reportedly under discussion.
- According to the U.S. Department of Labor, non-farm payrolls in May increased by 139,000, exceeding the market expectation of 130,000. The unemployment rate for May came in at 4.2%, matching forecasts.
- On June 5, President Trump and Chinese President Xi Jinping held a phone call. At the upcoming U.S.-China high-level meeting on June 9, export controls each country has implemented to block essential raw materials and technologies from reaching the other are expected to be a major topic of discussion.
This Week’s Key Economic Events
+ June 11: U.S. May Consumer Price Index (CPI)
+ June 12: U.K. April GDP, U.S. May Producer Price Index (PPI)
+ June 13: Germany May Consumer Price Index (CPI)
EURUSD Chart Analysis
The pair is rebounding from the 1.11500 level and is currently trending upward toward resistance near the recent high. A short-term rise toward the 1.16000 level looks highly likely. However, it remains uncertain whether it will break above the resistance level. We'll reassess the direction once the price reaches the previous high.
Please share your personal opinions in the comments. Don’t forget to hit the Boost and Subscribe buttons!
Key Points
- There was a report suggesting that the Bank of Japan (BOJ) is likely to consider slowing the pace of tapering at its monetary policy meeting later this month. Currently, it is reducing bond purchases by ¥400 billion per quarter, but a plan to cut that to ¥200 billion is reportedly under discussion.
- According to the U.S. Department of Labor, non-farm payrolls in May increased by 139,000, exceeding the market expectation of 130,000. The unemployment rate for May came in at 4.2%, matching forecasts.
- On June 5, President Trump and Chinese President Xi Jinping held a phone call. At the upcoming U.S.-China high-level meeting on June 9, export controls each country has implemented to block essential raw materials and technologies from reaching the other are expected to be a major topic of discussion.
This Week’s Key Economic Events
+ June 11: U.S. May Consumer Price Index (CPI)
+ June 12: U.K. April GDP, U.S. May Producer Price Index (PPI)
+ June 13: Germany May Consumer Price Index (CPI)
EURUSD Chart Analysis
The pair is rebounding from the 1.11500 level and is currently trending upward toward resistance near the recent high. A short-term rise toward the 1.16000 level looks highly likely. However, it remains uncertain whether it will break above the resistance level. We'll reassess the direction once the price reaches the previous high.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.