GBP/USD holds above 1.7000
The GBP/USD is back to square one at the beginning of the american
session, after the latest upside attempt was capped by the 1.7050 area.
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USD may be weak, but EUR is not far behind
| Pair | Average levels | ||
|---|---|---|---|
| 1 Week | 1 Month | 1 Quarter | |
| EURUSD | 1.3589 | 1.3637 | 1.3438 |
| GBPUSD | 1.7054 | 1.6927 | 1.6906 |
| USDJPY | 101.95 | 102.93 | 104.19 |
| USDCHF | 0.8968 | 0.8999 | 0.9136 |
| AUDUSD | 0.9370 | 0.9241 | 0.9179 |
| Pair | Average levels | ||
|---|---|---|---|
| 1 Week | 1 Month | 1 Quarter | |
| USDCAD | 1.0805 | 1.0894 | 1.0975 |
| NZDUSD | 0.8746 | 0.8597 | 0.8562 |
| GBPJPY | 173.99 | 174.35 | 176.77 |
| EURJPY | 139.07 | 138.61 | 139.77 |
| EURGBP | 0.7973 | 0.7894 | 0.7864 |
EUR/USD
getting ready to roll: Euro lack of conviction to advance has left the
pair exposed to the downside, seen mostly falling in term.
GBP/USD clear division of sentiment: while traders are looking for higher highs, banks put their bets on the downside for Pound.
USD/JPY limited slides before a leg up: bearish for next week, the pair is not seen losing 100.00 but recovering to new highs afterwards.
AUD/USD bears advance: a large majority of polled experts believe the AUD has not much room to the upside, seen approaching back to 0.9100.
EUR/JPY less expectations on advances: shy bullish interest surges in EUR/JPY amid with little hopes of recovering the critical 140.00 level during next month.
GBP/USD clear division of sentiment: while traders are looking for higher highs, banks put their bets on the downside for Pound.
USD/JPY limited slides before a leg up: bearish for next week, the pair is not seen losing 100.00 but recovering to new highs afterwards.
AUD/USD bears advance: a large majority of polled experts believe the AUD has not much room to the upside, seen approaching back to 0.9100.
EUR/JPY less expectations on advances: shy bullish interest surges in EUR/JPY amid with little hopes of recovering the critical 140.00 level during next month.
Analysis
Trader’s eye on majors, short term
Valeria Bednarik – Majors in range, stocks down: some risk aversion may favor safe havens in the short termEUR/USD: quiet range persists by FXStreet
GBPUSD - Weak demand in the background, buying looks risky by ForexTrading.TV
USD/JPY: Yen Slightly Higher on BOJ Comments by MarketPulse
Ajay Pankhania
Australia is the 3rd largest exporter when it comes to commodities. Thus a good strategy to achieve economic growth is to have commodity led growth.
Australia is the 3rd largest exporter when it comes to commodities. Thus a good strategy to achieve economic growth is to have commodity led growth.
Dzhafer Medzhakhed
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Economic Calendar
| GMT | Event | Vol. | Actual | Consensus | Previous | |||
|---|---|---|---|---|---|---|---|---|
| Monday, Jun 23 | ||||||||
| 13:45 | US | USD | Markit Manufacturing PMI | 2 | 57.5 | 56.5 | 56.4 | |
| 14:00 | US | USD | Existing Home Sales (MoM) | 2 | 4.89M | 4.73M | 4.66M | Revised from 4.65M |
| 14:00 | US | USD | Existing Home Sales Change (MoM) | 1 | 4.9% | 2.2% | 1.5% | Revised from 1.3% |
| 15:30 | US | USD | 3-Month Bill Auction | 1 | 0.035% | |||
| 15:30 | US | USD | 6-Month Bill Auction | 1 | 0.07% | |||
| 20:30 | NZ | NZD | RBNZ Deputy Governor Bascand Speech | 1 | ||||
| Tuesday, Jun 24 | ||||||||
| 02:00 | CN | CNY | CB Leading Economic Index | 1 | 0.9 | |||
| 06:00 | CH | CHF | Trade Balance | 1 | 2,707M | 2,425M | ||
| 06:00 | CH | CHF | Exports (MoM) | 1 | 17,077M | |||
| 06:00 | CH | CHF | Imports (MoM) | 1 | 14,652M | |||
| 08:00 | DE | EUR | IFO - Current Assessment | 2 | 115.0 | 114.8 | ||
| 08:00 | DE | EUR | IFO - Business Climate | 2 | 110.2 | 110.4 | ||
| 08:00 | DE | EUR | IFO - Expectations | 2 | 105.9 | 106.2 | ||
| 08:00 | IT | EUR | Wage Inflation (MoM) | 1 | 0% | |||
| 08:00 | IT | EUR | Wage Inflation (YoY) | 1 | 1.2% | |||
Official Interest Rates
| US: 0.25% | EMU: 0.15% | UK: 0.5% | JP: 0.1% | CH: 0% | CA: 1% | AU: 2.5% | NZ: 3.25% |
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upper-.7900s - the 78.6% Fibo of the July '12 to Feb '13 rally is .7980
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