Forex Top Team

USD/JPY Strong Buy, Featured Currency and Technical Analysis (15-minute chart) June 5, 2024

 

EUR/USD Strong Sell

The EUR/USD is trending in a range near 1.0880. Today, investors are focusing on statistics on the Eurozone’s Services PMI and producer price index. On Thursday, a meeting of the European Central Bank (ECB) will be held.

GBP/USD Strong Sell

The GBP/USD is slightly declining, and market activity is subdued. This is due to the anticipation of the publication of data on the American labor market. Today in the UK, investors are evaluating the May Services PMI statistics from S&P Global.

NZD/USD Sell

The NZD/USD is showing moderate growth, recovering from an attempt at a corrective decline the day before. Today, investors are preparing for the publication of macroeconomic statistics from the United States.

USD/JPY Strong Buy

The USD/JPY is showing active growth, quickly recovering from a “bearish” start to trading this week. On the other hand, the yen is moderately supported by macroeconomic data from Japan today.

Gold/USD Strong Buy

Gold/USD is showing moderate growth, recovering from a noticeable decline the day before. Today, American investors are preparing for the publication of macroeconomic statistics.

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