USD/JPY fundamental moversUSD/JPY was under pressure early in the week due to yet another missile test by North Korea. We cover the top fundamental news and outlook, a technical analysis on the daily chart and finally sentiment for the pair moving forward. The Japanese yen attracts flows in times of trouble, even if the trouble is in Japan's neighborhood. Here is an outlook for the key levels to watch on the pair with a note of key movers. USD/JPY Daily ChartUSD/JPY SentimentThe pair mostly reflects the expectations for a rate hike by the Fed in June.
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GBP/USD Forecast June 5-9 2017
Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. The indicator has not impressed in 2017, with a weak gain of 0.1% marking its strongest release. Britain's trade deficit widened to GBP 13.4 billion in March, above the estimate of GBP 11.7 billion. Over in the US, the CB Consumer Confidence report dropped and missed the estimate. NIESR GDP Estimate: Friday, 12:00.This monthly indicator helps analysts predict GDP, which is released on a quarterly basis.
USD/CAD Forecast June 5-9 2017
Canada's GDP posted a strong gain of 0.5% in March, beating the forecast and giving the loonie some tailwind. The indicator dipped to 214 thousand in April, shy of the forecast of 220 thousand. In March, the indicator came in at -5.8%, well below the forecast of +4.2%. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar was almost unchanged last week, with USD/CAD closing at 1.3480.
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