Wednesday, 3 June 2015

Rough day for King Dollar

As the chatter on Greece continued, the USD saw a major net daily decline of -1.5% @ DXY 95.99 (intra low 95.71). The broader trend remains unquestionably bullish, but a retrace to the low 90s into July now looks increasingly probable.

USD, daily2

USD, monthly'3


It has been a long day... and I've nothing more to add on the USD.

Looking ahead

Wed' will see ADP jobs, intl. trade, ISM/PMI service sector data, with a Fed beige book (2pm).

Fed officials Evans and Bullard are due to speak in the afternoon.

Goodnight from a tired London