Will EU Summit Bring a Plan?

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Hello everyone,

Welcome to MegaBlockFX Market Watch.

I'm Duarte Bessone CEO of MegaBlockFX

Today as the main economic events:

In Europe

European Council Meeting

Producer Price Index (Monthly May) Germany

In Australia:

Retail Sales

In Great Britain

Public Sector Net Borrowing

Retail Sales Excluding Fuel (Monthly May)

Retail Sales Excluding Fuel (Yearly May)

Retail Sales (Yearly May)

Retail Sales ( Monthly May)

In Canada

Retail Sales Excluding Autos (Monthly April)

In the United States

Fed’s Quaries speech

Fed’s Chair Powel speech

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The better than expected retail sales in Great Britain gave GBP/USD some strength to resist the 1.1200 level.
EUR/USD awaits some guideness from EU Summit regarding plans about Covid-19 recovery fund.
Some action from Wall Street is also awaited.
The new virus outbreak in Beijing already halted the country and its economy.
Will we see another run to Gold safe heaven?
XAU/USD is still range trades between the support at 1.670 and resistance at 1.760
KEEP TRADING SIMPLE WITH MEGABLOCKFX
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