News & Analysis

European Round-Up: Tuesday 11th June

Juni 12, 2019

Economic News Releases

  • UK Jobless Claims Change at 23k vs. previous of 19.1k
  • UK Average Weekly Earnings (3M/YoY) at 3.1% vs. 3.0% forecast
  • UK Weekly Earnings excluding Bonus (3M/YoY) at  3.4% vs. 3.1% forecast
  • UK ILO Unemployment Rate at 3.8% vs. 3.8% forecast
  • UK Employment Change 3M/3M at 32k vs. 10k forecast

To keep up to date with the upcoming economic events click here for our Economic Calendar.

Forex

  • Great British Pound

Pound strengthening against all major currencies today after better than expected earnings figures from the UK.

The average weekly earnings beat analyst analysts forecast rising by 3.1%. Weekly earnings (excluding bonus) also rose by 3.4%, sending the Pound higher.

Cable trading at above 1.27 level – up by 0.28% on the day.

GBP/USD – Daily

  • Swiss Franc

Swiss Franc weaker against all major currencies during today’s session.

CHF/JPY trading at around 109.33 level, down by 0.17% towards the end of the European session.

CHF/JPY – Daily

Forex Majors Summary

Commodities 

Oil prices little changed during the European trading session. Brent down by 0.30% at $62.17 per barrel. US Crude down slightly by 0.03% at $53.40 per barrel.

Mixed day for the metal commodities with the price of Silver trading 0.34% higher at $14.74. Gold down by 0.14% at $1,325.79 level.

USO/USD – Daily

Indices

All of the major global Indices trading higher today with ASX200 up by 1.59% towards the end of the European trading day after reaching the highest level in 11 years during the Asian session.

In Europe, DAX30 gaining by 1.02% reaching its highest level since 20th May during the session.

Over in the US both Dow Jones and S&P500 up by 0.23% and 0.20% respectively.

Global Indices Summary

Cryptocurrencies

Most major digital currencies trading lower today.

Bitcoin Cash and XRP experiencing the biggest losses, down by 2.65% and 2.37% respectively.

Litecoin continuing to make gains today, up by 1.63% – trading around $128.23 level.

Cryptocurrency Summary

By Klavs Valters  
 @klavsvalters

Sources: GO Markets MetaTrader 5, Datawrapper, Tradingview, CoinMarketCap, Bloomberg

Disclaimer: Articles and videos from GO Markets analysts are based on their independent analysis. Views expressed are of their own and of a ‘general’ nature. Advice (if any) are not based on the reader’s personal objectives, financial situation or needs.  Readers should, therefore, consider how appropriate the advice (if any) is to their objectives, financial situation, and needs, before acting on the advice.