Forex trading news and economic data headlines for the NY session June 21, 2016
We are a day closer to the UK referendum vote and as a distraction, there was a Humphrey Hawkins testimony by FOMC chair Yellen. ECB’s Draghi was also talking and it was Draghi who said “further stimulus is in the pipeline” that got the EURUSD moving lower. That selling saw the price move the price back below the 100 and 200 hour MA and head back down toward the 100 day MA at the 1.12348 level (the low reached 1.1240). In the process the gap from the Friday/Monday period was filled.