Today is an average day of volatility. At the same time, investors' attention today is focused on news from Europe and its macroeconomic reports. The pound was under pressure given the fears of investors about perspectives of Brexit, given the approaching date of the election of the new Prime Minister of Britain. Therefore, it is unlikely that the pound will be able to count on support in the near future, especially given the disappointing macroeconomic reports. In particular, labour market data shows a significant increase in applications for unemployment benefits, although the number of unemployed people remains at 3.8 per cent.
Today the index of economic sentiment from Germany is also expected, which has recently been rapidly decreasing deeper to the negative zone. The balance of trade in the EU for May will also be known today and will affect the value of the euro.
From the US, in the second half of the day we can expect information on the economic activity of the population: the index of retail sales, as well as the volume of retail sales. At the end of the day, investors are waiting for the speech Of the FED head, as well as data on weekly oil reserves in the US. Meanwhile, the dollar is getting cheaper due to the increased likelihood of a reduction of the rate in the near future.
