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11 Jun 2014

UK calendar in the limelight today – Danske Bank

FXStreet (Edinburgh) - The UK data releases will be the main focus of attention in today’s session, according to Senior Analyst at Danske Bank Morten Helt.

Key Quotes

“Today’s data calendar is very light. The main focus will probably be the April labour market report in the UK”.

“Employment growth has been very strong in recent months and we expect another drop in the unemployment rate to 6.7% from 6.8% in March”.

“Focus will remain on how long Bank of England can avoid discussing an interest rate hike”.
Jun 11, 2014

EUR/USD trading at fresh 3-day lows - FXStreet

FXStreet Chief Analyst Valeria Bednarik, worried about the lack of volume in the market extending into summer, notes that EUR/USD traded at fresh 3-day lows yesterday after posting 1.3533 with US opening.
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Jun 11, 2014

USD/JPY a climb to 103.00 is not ruled out – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the potential for a test of the 103.00 area.
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