Daily Market Overview for June 02, 2015

June 2, 2015

Inflation for Euro-Zone has beaten the estimates of the market and ECB expectation as well ( as we expected on our previous reports ) , this increase considered the first for six months . Thursday the ECB meeting which we could expect they would revise their expectation about the prices and economy as a whole upward s. These improvements are driven mainly by the measure that taken by ECB to effectively saves the price stability and stimulating the economy. This is not the last good news we do expect we will see more improvement on the coming months as well. Consumer price index has recorded an increase of +0.3% , Forecast : +0.2% , & previous reading was 0.0%

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January 23, 2017
Japanese Yen is taking the heat
Looking at the daily chart of the Japanese Yen, we can see that the bullish engulfing has formed next to the 50% Fibonacci level, which has been broken on the weekly chart at the points of 125.853 and 98.935...
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