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For the EUR

It’s a busy day ahead on the economic calendar. French consumer spending figures for May and prelim June inflation figures from France, Italy, and the Eurozone are due out. Finalized 1st quarter GDP numbers for Spain are also in focus.

We would expect consumer spending figures from France to have the greatest influence, however. Consumer spending will be key to any economic recovery and rebound in service sector activity. As these are figures for May, any impact on the EUR may be short-lived, however.

Away from the economic calendar, the markets will need to continue to monitor COVID-19 and chatter from Trump on tariffs.

At the time of writing, the EUR was up by 0.02% to $1.1244.

According to Trading Central (3rd party RIA) the EURUSD is long positions above 1.1100 with targets at 1.1375 & 1.1495 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10801154

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.1375
1€ 3,333.33€ 1,666.67€ 1,201.77
5€ 16,666.67€ 33,333.33€ 6,008.85
10€ 33,333.33€ 66,666.67€ 12,017.70
25€ 83,333.33€ 166,666.67€ 30,044.25
50€ 166,666.67€ 333,333.33€ 60,088.50



For the Pound

It’s also a relatively busy day ahead on the economic calendar. Finalized 1st quarter GDP and business investment numbers are due out. Barring a material upward revision to prelims, the stats should have a muted impact on the Pound.

On the monetary policy front, MPC members Haldane and Cunliffe are due to speak later, which will draw attention.

Expect updates from Brexit talks and market risk sentiment to be the key drivers on the day.

At the time of writing, the Pound was up by 0.07% to $1.2307.

According to Trading Central (3rd party RIA) the EURGBP is long positions above 0.9000 with targets at 0.9290 & 0.9400 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10802543

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 0.9290
1€ 3,650.97€ 1,825.48€ 1,751.36
5€ 18,254.84€ 36,509.68€ 8,756.80
10€ 36,509.68€ 73,019.35€ 17,513.60
25€ 91,274.19€ 182,548.38€ 43,784.00
50€ 182,548.38€ 365,096.75€ 87,568.00

For The USD

It’s a relatively busy day on the U.S economic calendar. Key stats include June’s Chicago PMI and consumer confidence figures, with April house prices figures also due out.

We would expect the CB Consumer Confidence Figures to have the greatest influence. In June, while lockdown measures eased, protests over the unlawful killing of George Floyd swept across the country.

For the U.S economy, a bounce-back in consumer confidence and spending is a must. Last week’s pause by a number of U.S states in reopening may limit the effects of any positive numbers, however.

Trump and COVID-19 news will also need monitoring throughout the day…

For the Loonie

It’s a relatively busy day ahead on the calendar. Key stats include April GDP figures, which will likely be brushed aside by the markets.

The focus will remain on geopolitics, COVID-19, and OPEC+ production plans.

At the time of writing, the Loonie was down by 0.01% to C$1.3661 against the U.S Dollar.

https://www.fxempire.com/news/article/its-a-busy-day-ahead-with-economic-data-putting-the-eur-gbp-and-the-dollar-in-focus-658237

According to Trading Central (3rd party RIA) the USDCAD is short positions below 1.3770 with targets at 1.3490 & 1.3300 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10800212

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.3490
1€ 2,965.60€ 1,482.80€ 1,204.35
5€ 14,828.00€ 29,655.99€ 6,021.75
10€ 29,655.99€ 59,311.98€ 12,043.50
25€ 74,139.98€ 148,279.95€ 30,108.75
50€ 148,279.95€ 296,559.91€ 60,217.50