Key Market Drivers:
1. Australia Jobs Data (May)
• Jobs unexpectedly fell → AUD weakened
• AUDUSD dipped toward support; bearish bias unless RBA signals hawkish stance
• Best plays: Short AUD vs NZD, USD
2. Swiss & Norwegian Rate Cuts
• SNB cut to 0.0%, Norges Bank cut to 4.25%
• Both were dovish surprises → CHF and NOK sold off
• Best plays: Long USDCHF, EURCHF, and EURNOK
3. Bank of England (BoE)
• Held rates at 4.25%, but 2 members voted to cut
• Slightly dovish tilt → GBP under mild pressure
4. ECB Speakers
• Lagarde gave no policy signals
• Watch Villeroy/Nagel for hawkish comments → may support EUR
5. Juneteenth Holiday in US
• US markets closed → low liquidity, possible volatility in FX during London/Asia sessions
Trade Focus Summary:
• Sell CHF & NOK on dovish central bank moves
• Fade AUD rallies after weak jobs data
• Watch GBP for downside on BoE dovish lean
• EUR in play if ECB officials remain hawkish
• Expect thin trading due to US holiday
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
1. Australia Jobs Data (May)
• Jobs unexpectedly fell → AUD weakened
• AUDUSD dipped toward support; bearish bias unless RBA signals hawkish stance
• Best plays: Short AUD vs NZD, USD
2. Swiss & Norwegian Rate Cuts
• SNB cut to 0.0%, Norges Bank cut to 4.25%
• Both were dovish surprises → CHF and NOK sold off
• Best plays: Long USDCHF, EURCHF, and EURNOK
3. Bank of England (BoE)
• Held rates at 4.25%, but 2 members voted to cut
• Slightly dovish tilt → GBP under mild pressure
4. ECB Speakers
• Lagarde gave no policy signals
• Watch Villeroy/Nagel for hawkish comments → may support EUR
5. Juneteenth Holiday in US
• US markets closed → low liquidity, possible volatility in FX during London/Asia sessions
Trade Focus Summary:
• Sell CHF & NOK on dovish central bank moves
• Fade AUD rallies after weak jobs data
• Watch GBP for downside on BoE dovish lean
• EUR in play if ECB officials remain hawkish
• Expect thin trading due to US holiday
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.