(16 JUNE 2020)DAILY MARKET BRIEF 2:Go out and buy.

<p>The EURUSD rebounded to 1.1350 and is probably set to clear its last week resistance at 1.1422 on a globally improved risk appetite and test the 1.15 offers. Data-wise, the German consumer price data confirmed 0.1% m-o-m deflation in May, but the ZEW survey in Germany and Europe should better the euro investors’ mood by printing a significant improvement in June. And even bad data will hardly deter the risk rally fueled by the Fed. Cable is also powered by a substantially weaker US dollar. The GBPUSD could extend gains toward the 1.30 mark on the back of an accelerated US dollar depreciation. Released this morning, the mixed employment data had little impact on sterling. The unemployment rate surprisingly remained unchanged at 3.9% in April, as the British economy added 6K jobs in the three months to April. But the average earnings were hit more than expected and the jobless claims rose more than half a million in May, more than the analysts’ forecasts. More importantly, there may be l</p>