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New Zealand Dollar: Kiwi vulnerable to softer data – Commerzbank
Commerzbank’s Volkmar Baur notes that the New Zealand Dollar has recovered about 2 cents since the latest rate hike, with markets now effectively pricing in nearly one additional hike by year-end.
Italy Trade Balance EU up to €0.845B in May from previous €0.316B
Italy Trade Balance EU up to €0.845B in May from previous €0.316B
GBP/USD Price Forecast: Dip-buying favored on pullbacks below 1.3500
The GBP/USD pair attracts some sellers on Thursday and erodes a part of the previous day's strong gains to an over two-month high, around the 1.3555-1.3560 region.
WTI remains broadly firm near $79 amid continued US-Iran aggression
West Texas Intermediate (WTI), futures on NYMEX, trade 0.9% lower to near $79.00 during the European trading session on Thursday, but is closer to its monthly high of $80.61 posted on Tuesday.
Italy Global Trade Balance above expectations (€4.5B) in May: Actual (€4.793B)
Italy Global Trade Balance above expectations (€4.5B) in May: Actual (€4.793B)
Eurozone Trade Balance s.a. declined to €-5B in May from previous €1.3B
Eurozone Trade Balance s.a. declined to €-5B in May from previous €1.3B
Eurozone Trade Balance s.a.: €-7.8B (May) vs previous €1.3B
Eurozone Trade Balance s.a.: €-7.8B (May) vs previous €1.3B
Eurozone Trade Balance n.s.a. below forecasts (€-1.6B) in May: Actual (€-7.8B)
Eurozone Trade Balance n.s.a. below forecasts (€-1.6B) in May: Actual (€-7.8B)
Spain 3-y Bond Auction: 2.867% vs 2.772%
Spain 3-y Bond Auction: 2.867% vs 2.772%
Australian Dollar: Momentum points to higher levels against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that AUD/USD has broken above significant resistance at 0.7015, with price action extending to 0.7021. In the next 24 hours, the Australian Dollar is expected to stay in a higher 0.6985–0.7025 range.
British Pound: Gains near key projections against Euro – Societe Generale
Societe Generale’s Kenneth Broux highlights that EUR/GBP has extended its decline after breaking a Head and Shoulders neckline at 0.8610, with the move now seen as stretched. The cross has dropped to a 0.84 handle, its lowest since June last year, a 4.5% fall since November.
Euro holds gains at one-month highs near 186.00 despite Japanese Yen’s strength
The Euro (EUR) trades practically flat, just below one-month highs at 186.00 against the Japanese Yen (JPY) on Thursday, consolidating gains after rallying about 0.8% so far this week.
Spain 30-y Bond Auction increased to 4.286% from previous 4.038%
Spain 30-y Bond Auction increased to 4.286% from previous 4.038%