Starting the day |
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Hi everybody and welcome to Friday! quiet morning in Europe, as yesterday’s storm seems to have been enough for market. Early Asia, dollar managed to gain some extra ground under key support levels, and majors have been moving in a tight range since then, mostly because, against expectations, Nikkei manage to close the session barely 50 points negative, without following U.S. stocks as usual. Early Europe, retail sales fell in May in the 16 countries that use the euro, in a further sign that consumers aren’t optimistic as we would like to believe.
Before starting the technical analysis, have you noticed, both euro zone and U.S. have a 9.5% unemployment rate? something we have been discussing largely in the Daily Wrap up webinar: if people keeps on losing jobs, how can we be talking about “bottoming crisis”? Well, numbers are telling different than policy makers, and that’s why we have the market we have.
No fundamentals today, holiday in the U.S. Be right back with some technicals for today. Have a great day and a better weekend!
Filed under: Forex Advisor
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