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Euro: Upside risks after sharp Dollar shift – ING
ING’s Francesco Pesole writes that EUR/USD broke above 1.150 as broad Dollar weakness persisted, even as the Euro underperformed some G10 peers despite stronger Eurozone data.
France Consumer Price Index (EU norm) (MoM) above expectations (0.3%) in July: Actual (0.6%)
France Consumer Price Index (EU norm) (MoM) above expectations (0.3%) in July: Actual (0.6%)
France Consumer Price Index (EU norm) (YoY) above forecasts (2.1%) in July: Actual (2.4%)
France Consumer Price Index (EU norm) (YoY) above forecasts (2.1%) in July: Actual (2.4%)
France Producer Prices (MoM): -0.6% (June) vs previous -0.3%
France Producer Prices (MoM): -0.6% (June) vs previous -0.3%
Swiss Franc holds losses following weaker Real Retail Sales
USD/CHF gains ground after two days of losses, trading around 0.8070 during the Asian hours on Friday.
Switzerland Real Retail Sales (YoY) came in at 1.5%, below expectations (3.2%) in June
Switzerland Real Retail Sales (YoY) came in at 1.5%, below expectations (3.2%) in June
Japanese Yen: Intervention and cautious BoJ stance – Commerzbank
Commerzbank’s Volkmar Baur reports that Japan’s Ministry of Finance intervened in FX markets, with apparent US Treasury support, to address a weak Japanese Yen as Tokyo inflation stabilises around 2% with upside risks.
EUR/GBP Price Forecast: Euro is testing trendline support at 0.8555
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Friday, as bears kept testing the base of the ascending trendline from mid-July highs, around 0.8555, following Thursday’s reversal from 0.8585 highs.
United Kingdom Nationwide Housing Prices n.s.a (YoY): 1.8% (July) vs previous 2.2%
United Kingdom Nationwide Housing Prices n.s.a (YoY): 1.8% (July) vs previous 2.2%
United Kingdom Nationwide Housing Prices s.a (MoM) up to 0.1% in July from previous 0%
United Kingdom Nationwide Housing Prices s.a (MoM) up to 0.1% in July from previous 0%
Norway Credit Indicator declined to 4.4% in June from previous 4.5%
Norway Credit Indicator declined to 4.4% in June from previous 4.5%
Norway Registered Unemployment n.s.a meets forecasts (2.1%) in July
Norway Registered Unemployment n.s.a meets forecasts (2.1%) in July
GBP/USD Price Forecast: Weakens below 1.3450 while technical uptrend stays intact
The GBP/USD pair trades in negative territory around 1.3445 during the early European trading hours on Friday. Heightened Middle East tensions and rising global oil prices provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP).