Market Watch – Tuesday, June 10 (Technical Focus)
Key Data Releases (Potential Volatility Triggers):
US
NFIB Small Business Optimism (May) – Watch for shifts in sentiment that could influence the USD and S&P 500 direction.
3-Year Note Auction – Yields could impact Treasury curve dynamics; monitor for demand strength or weakness.
UK
Average Weekly Earnings (Apr)
Unemployment Rate (Apr)
Jobless Claims Change (May)
These labor data points are pivotal for GBP crosses. Stronger wage data may support GBP/USD, especially near key resistance around 1.2800.
Japan
M2 & M3 Money Supply (May)
Machine Tool Orders (May)
Typically low volatility, but may offer insights for JPY if surprise deviation occurs.
Italy
Industrial Production (Apr) – Weakness could pressure FTSE MIB if it breaks below short-term support near 34,000.
Sweden
GDP Indicator (Apr) – May impact SEK, especially against EUR if growth deviates significantly.
Norway & Denmark
CPI (May) – Inflation data could move NOK and DKK, especially if it challenges central bank guidance.
Central Bank Speakers (Volatility Risk):
ECB: Villeroy, Holzmann, Rehn
Hawkish or dovish signals may drive short-term EUR/USD moves; key resistance to watch: 1.0900. Watch German bund yields for confirmation.
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.
Key Data Releases (Potential Volatility Triggers):
US
NFIB Small Business Optimism (May) – Watch for shifts in sentiment that could influence the USD and S&P 500 direction.
3-Year Note Auction – Yields could impact Treasury curve dynamics; monitor for demand strength or weakness.
UK
Average Weekly Earnings (Apr)
Unemployment Rate (Apr)
Jobless Claims Change (May)
These labor data points are pivotal for GBP crosses. Stronger wage data may support GBP/USD, especially near key resistance around 1.2800.
Japan
M2 & M3 Money Supply (May)
Machine Tool Orders (May)
Typically low volatility, but may offer insights for JPY if surprise deviation occurs.
Italy
Industrial Production (Apr) – Weakness could pressure FTSE MIB if it breaks below short-term support near 34,000.
Sweden
GDP Indicator (Apr) – May impact SEK, especially against EUR if growth deviates significantly.
Norway & Denmark
CPI (May) – Inflation data could move NOK and DKK, especially if it challenges central bank guidance.
Central Bank Speakers (Volatility Risk):
ECB: Villeroy, Holzmann, Rehn
Hawkish or dovish signals may drive short-term EUR/USD moves; key resistance to watch: 1.0900. Watch German bund yields for confirmation.
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.