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LATEST MARKET NEWS
EUR/USD is currently on a flat trajectory. The pair is banded between the prices 1.1530–1. 1500.Investors are of course waiting for the ECB to come to their interest rate decision and Mario Draghi to present the decision during the press release. Most analysts are hoping the head of the ECB will give them indications towards interest rate bumps and monetary policy tightening, “Super Mario” is likely to disappoint.
GBP/USD is also a pair that seems to be trading on a flat plane; it currently is floating around 1.3020. Here investors are in waiting also, in this case for the UK Retail Sales report. Indices suspected to show an upswing in June after observable May dip, this should have positive effects on GBP.
USD/JPY increased reaching 112.12, as the Bank of Japan held their rate at –0.10%, as although this came as no surprise. AUD/USD corrected to 0.7925 after the release of lackluster employment data. The June index fell short of expectations at 14.0K.
Metals saw a slip leading up to the ECB Meeting, gold is at 1237.20, silver at 16.19.
Oil also experiencing a correction after a swell of its price after the announcement of a drop in US oil stocks, in EIA Crude Oil Stocks change report. At the time of writing this article Brent is 49.70, WTI is 47.15.
FTSE100 saw and increase in price reaching 7440.3; CAC40 is at 5223.0, the DAX around 12477.0.
US incides are growing slightly: DOW went up to 12637.5, S&P500 to 2471.4, NQ to 5917.0.
Asian indices also had a good trading day, the ASX200 reached 5762.5, NI255 to 20143.0.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
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