On Friday, the major currency pair is reaching stability after two days of sales.
EURUSD found support at the end of the week and slowed down its decline. The current quote for the instrument is 1.1280.
Right now, investors are focused on the oncoming meeting of the US Federal Reserve, because they believe the results may hint at possible rate cuts.
In the evening, the USA are scheduled to report on the Retail Sales for May, which is expected to recover by 0.7% after losing 0.2% m/m in the previous month. The stronger the report, the better for the USD.
One should pay attention to the Capacity Utilization Rate, which may go from 77.9% in April to 78.0% in May. Another report, the Industrial Production, may add 0.2% m/m in May after showing -0.5% m/m the month before.
Later, the USA will publish the preliminary Consumer Sentiment report from the University of Michigan. The indicator is expected to slow down: 98.1 points in June against 100.0 points in the previous month
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.