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30 Jun 2014
Session Recap: USD mixed at the start of eventful week
FXStreet (Córdoba) - A quiet European morning has seen majors consolidating within recent ranges, with the USD a tad lower across the board as investors await key data due later this week.
On Thursday, the ECB will decide on monetary policy, although the central bank is expected to remain on hold as it continues to assess latest measures. The same day, the US will release nonfarm payrolls figures - a day earlier than usual due to the Independance Day..
The EUR/USD consolidates around 1.3650, having completely ignored Eurozone inflation figures which showed CPI stood at 0.5% in June, way below the 2.0% ECB target. The GBP/USD has wavered during the session, but remains within Friday’s boundaries.
The USD/JPY hit a fresh 1-month low of 101.23, while the AUD was underperforming following the release of soft domestic data.
Elsewhere, European stocks were higher on track to close the quarter with gains, while US futures point to a flat open in Wall Street.
During the New York session watch for May pending home sales, Chicago and Dallas’ PMIs and Canadian GDP.
Main Headlines in Europe:
Germany Retail Sales (YoY) came in at 1.9% below forecasts (2.1%) in May
European Monetary Union M3 Money Supply (YoY) came in at 1%, above forecasts (0.8%) in May
Italy Producer Price Index (YoY) below expectations (-1.3%) in May: Actual (-1.4%)
United Kingdom Consumer Credit came in at £0.74, below expectations (£0.7B) in May
European stocks advance ahead of data
Germany's Schäuble: EU without the UK would be 'absolutely not acceptable'
EMU: Annual CPI at 0.5% in June
What’s the sentiment around the EUR/USD today? – Commerzbank and Scotiabank
End of QE could bring volatility back to FX market - Commerzbank
On Thursday, the ECB will decide on monetary policy, although the central bank is expected to remain on hold as it continues to assess latest measures. The same day, the US will release nonfarm payrolls figures - a day earlier than usual due to the Independance Day..
The EUR/USD consolidates around 1.3650, having completely ignored Eurozone inflation figures which showed CPI stood at 0.5% in June, way below the 2.0% ECB target. The GBP/USD has wavered during the session, but remains within Friday’s boundaries.
The USD/JPY hit a fresh 1-month low of 101.23, while the AUD was underperforming following the release of soft domestic data.
Elsewhere, European stocks were higher on track to close the quarter with gains, while US futures point to a flat open in Wall Street.
During the New York session watch for May pending home sales, Chicago and Dallas’ PMIs and Canadian GDP.
Main Headlines in Europe:
Germany Retail Sales (YoY) came in at 1.9% below forecasts (2.1%) in May
European Monetary Union M3 Money Supply (YoY) came in at 1%, above forecasts (0.8%) in May
Italy Producer Price Index (YoY) below expectations (-1.3%) in May: Actual (-1.4%)
United Kingdom Consumer Credit came in at £0.74, below expectations (£0.7B) in May
European stocks advance ahead of data
Germany's Schäuble: EU without the UK would be 'absolutely not acceptable'
EMU: Annual CPI at 0.5% in June
What’s the sentiment around the EUR/USD today? – Commerzbank and Scotiabank
End of QE could bring volatility back to FX market - Commerzbank