FXMarketAlerts Team
FXMarketAlerts
Published at 06:03 (GMT) 27 May
German GfK consumer sentiment index into June rises to 10.2, up from 10.1 in May and vs FORECAST of 10.0.
On FX, little reaction to te GfK number. With focus more on G7 Dresden meeting. Brussels Group, Greece talks. And any rumours, comments from Greek Finmin Yanis Varoufakis - also any cabinet changes by PM Alexis Tsipras. Given the hope of a Greek deal to avert default and avoid Grexit?
EUR/USD at 1.0912-15, off the near 1-m lows 1.0865-66 seen earlier. offers at 1.0920-30/50. Bid at 1.0890-00, weak stops again below 1.0875-90. Then 1.0850 Option barriers.
GBP/USD at 1.5433-38, up from 1.5379, and the 3-week lows of 1.5455 seen on Tuesday. GBP/USD up as USD off highs, but USD remains supported. Given Fed Jeffrey Lacker - FOMC voter Hawk - comment on Jun 16-17 rate hike consideration. And comments from former Fed Chair Ben Bernanke - tacitly backing Fed Janet Yellen calls for rate hikes?
GBP/USD eye PM David Cameron plans to fast track EU Referendum bill through Commons, after the Queen's Speech. GBP/USD offers at 1.5540-50/1.5600, bids at 1.5450, with focus on EUR/GBP selling interest. EUR/GBP at 0.70715, off the 2-half month lows of 0.7060-62, but focus on the 7-year 6-m lows of 0.7005 seen on 11 March - low since Nov 2007 0.6956. Option barriers at 0.7000. Offers at 0.7100-10.
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