7:28 AM · 5 June 2020

EURUSD and DAX at fresh post-pandemic highs!

Euro and European indices seem to like yesterday's ECB decision to boost purchases under the PEPP scheme. EURUSD tests 1.1370 handle while DE30 approaches the 12,700 pts mark - both at fresh post-pandemic highs! NFP report release is a big event of the day (1:30 pm BST) and is likely to impact FX pairs and stocks. It is expected to show the US unemployment rate rising to 19.7% in May.

DE30 broke above 78.6% retracement of Covid-19 sell-off and trades just 8-9% below all-time highs. Source: xStation5

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