Daily Market Outlook - June 23, 2016

Politicians across the continent continue to support the economic bloc due to the high risk of other nations following the UK and leaving the EU.

A possible increase in the change in the number of cubic feet of natural gas held an underground storage during the past week will cause losses for the commodity.

For the past weeks initial polls showed a slight advantage for each side which suggests that today’s referendum would be a close call for both campaigns.

While most of the EU services and manufacturing PMI eyes will be released between 08:00 GMT and 09:00 GMT a possible move for the euro dollar pair will be caused by UK EU membership.

Today today Japanese PMI is expected to increase but the European pair will most likely range during the day as EU membership vote result will linger until the official end of the referendum.

Forex brokers and professionals suggested no trading until the EU referendum passes as low liquidity and sharp speculative moves will make trading impossible to retail level.

U.S unemployment claims will most likely boost gains for the dollar yen pair as official forecast suggested increase in individuals who filed for unemployment insurance.

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