Results of the last trading day EUR / USD:
In Tuesday, June 4, at the end of the day the euro rose against the dollar by 0.1%. Dollar lost daily gains after the chairman of the US Federal Reserve Jerome Powell in his speech mentioned the possibility of lowering interest rates to support economic growth, which has slowed down because of the trade wars. The dollar has fallen significantly earlier statements Clarida Richard and James Bullard, so on Tuesday, the dollar index fell slightly. The EUR / USD rebounded from 1.1227 to 1.1247.
Planned statistics (GMT + 3):
From 10:50 11:30 come on indexes of business activity in the services sector from Markit France, Germany, the eurozone and the UK.
At 12:00 the Eurozone will present the producer price index for April and announce the change in retail sales in April.
At 15:15 the US will publish data on the change in the number of employees from ADP in May.
At 15:30 Canada will report on changes in the level of productivity in the first quarter.
At 16:45 the US will release PMI index for the services sector in May, in 17:00 - ISM index for the non-production sphere in May.
At 17:30 US Department of Energy will publish a report on oil stocks.
At 21:00 will be held the review publication Fed "Beige Book" in the United States.
The current situation is EUR / USD:
Expectations EUR / USD pair on yesterday's day were completely justified. The EUR / USD dropped to 1.1227, and the closure of the day returned. At the time of writing EUR / USD is trading at 1.1260. Auctions are held in a narrow range. According to the forecast EUR / USD forward to break the level of 1.1315. If the price remains below 1.1277 before the end of the day, in this case, is expected to reduce pair EUR / USD.
Important events highlight ADP index. As discussed in the last days of decline the US Federal Reserve interest rates at the end of the year, the labor market report will be important for the regulator to assess the overall picture in the country.
Do not miss : Forex Forecast 05/06/2019
Forecast EUR / USD today Vladislav Antonov Alpari
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