Daily Economic Digest from Forex.ee

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Friday, June 2

Couple EUR/ USD It continues to trade today with a small bullish bias
the beginning of the European session as the dollar remains inactive this Friday.
It seems that the bulls in the dollar took a break today after upbeat data
employment from ADP in
Waiting for important reports from the US labor market. In fact, a positive report from the ADP, released yesterday, has increased the chances of
that today the US economy once again will surprise markets with their results,
which in turn can have a positive impact on the future adoption
Fed's decisions on monetary policy. Looking ahead, nothing important
no scheduled events in the euro zone list, so traders will remain in
waiting for the key US labor market data.

Couple GBP / USD It consolidated its yesterday
Profit during the Asian session due to strong data on index
business activity in the manufacturing sector of the UK, but staying near
the lower limit of its range. The pair largely ignored yesterday
an impressive report from ADP, which have a positive result
today's US economic data. It is expected that the pair will continue
traded without clear direction given in the course of the European session,
because the market is still discussing the results of recent surveys of public
Opinion in Britain, which showed a reduction in the Conservative job Labor
Party, which reinforced investors' experiences, since before the election less than a
week. Apart from the US labor market data, today the UK is to publish
data on the index of business activity in the construction sector, which will also
set a short-term trend of the pair.

Couple USD / JPY It remains in the range of
15 pips near the 111.60 mark at the beginning of the European session, consolidating its position,
engaged in the Asian session. Over the past few days the pair has made
a significant rise from their two-week low, noted in this framework on
the level of 110.48, as of yesterday the strong ADP data provided additional support for the pair, as well as increased
the likelihood that today's indicators of change in the number of people employed in
non-agricultural sector, too, will exceed market expectations. Furthermore, if
employment data in the US will do better than expected, it could
favorably affect the prospects of increasing the interest rate on Fed
June meeting, thus contributing to the growth of the US dollar against its major
competitors. Today, in addition to the monthly employment data in the US is nothing
standing are scheduled in the calendar of events, so investors will
closely monitor the above-mentioned report.

It seems a couple BTC / USD He has resumed its bullish trend and
It is now steadily moving up after a significant correction observed on
last week. May 25 virtual currency has updated its historical maximum
at the level of 2736.58, before the fall to the level of 1710.10, which was due to
widespread profit-taking at the pair. At time of writing bitcoin trading
at the level of 2328.30, restoring much of its losses. Resumed
cryptocurrency bullish trend may be due to recent headlines that
China's largest Bitcoin exchange, renewed withdrawals after nearly cryptocurrency
a four-month ban on central bank withdrawals, which was
caused by a number of violations by the exchanges. Also, Bloomberg, the company published
his recent study, which indicated that the Ethereum can take first
among other virtual currencies, ahead of bitcoin, by the end of 2018. AT
Currently the market capitalization bitcoin is more than 40 milliardov
USD then as Ethereum ranked second with a total capital of 20
billion.

Main events
of the day:

The index of business activity in the UK construction sector
- 12.00 (GMT +3)

Changing the number of people employed in non-agricultural sector USA-
15.30 (GMT +3)

The unemployment rate in the US - 15.30 (GMT +3)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.1168 C 1.1278

P. S. USDJPY 110.29 112.01

GBPUSD P.
1.2788 C 1.2960

USDCHF P.
0.9643 C 0.9755

AUDUSD 0.7318 P.
S. 0.7482

NZDUSD P.
0.7039 C 0.7099

USDCAD P.
1.3449 C 1.3561

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