Forex news for US trading on June 1, 2016:
Markets:
– JPY leads, GBP lags
– Gold down $2 to $1212
– WTI crude flat at $49.16
– S&P 500 up 2 points to 2099
Euro shorts headed for the exits ahead of Thursday’s ECB meeting. It finished near the high of the day at 1.1190 but with strong offers from 1.1200 to 1.1220 capping. The gains started in Europe and were briefly unwound by the ISM manufacturing data but details of the report were soft and the dip to 1.1140 was bought.