A positive opening on Wall Street is expected.
The futures contracts on the leading indices traded in New York at this time are rising by 0.2%.
The IMF said today that Britain’s anticipated departure from the EU pose is a risk to the German economy, and thus signaled that it will correct downwards its growth forecast for Germany.
Japan’s industrial output fell unexpectedly in May.
The output fell by 2.3% compared to the previous month, the first decline in three months.
Yesterday, Wall Street stock exchanges completed the sharpest two-day jump in four months on expectations that central banks around the world will take steps to reduce the economic impact of the UK exit out of the EU.
The futures contracts are signaling on a positive opening in New York.
On 5 minutes chart we can see a rising trend and at the end of it a formation of a triangle pattern.
The price broke up the upper side of the triangle which gives us an opportunity to enter with the move of the latest trend.
For Forex traders:
Buy between the levels of : 1.3400 – 1.3405.
Stop loss point : 1.3380.
Take profit point : 1.3445.
For Binary options traders:
A call option between the levels of : 1.3400 – 1.3405.
Expiry time : June 16, 10:00.
Asian markets rising for the second day in a row, as well as the price of the oil.
Tokyo rose by 1.6%, Hong Kong added 0.7%, Shanghai rising by 0.7%, Seoul rose by 1%.
Investors takes some air:
Increases of more than 1% on Wall Street and European stock markets are also with sharp increases.
A growth in the US
The US economy grew in the first quarter of the year at a higher rate than estimated so far, thanks to the improvement in trading business investment, which compensated for the weakness in private consumption.
The Gross Domestic Product (GDP) in the US grew at an annual rate of 1.1%, compared with previous estimates of 0.8% growth.
With the opening of the trading day today, Europe is recovering:
London FTSE 100 jumps by 2.7%, Paris CAC jumped by 2% and the pound IS rising BY 0.5% against the us dollar, after falling by 11% in the last two trading days.