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.
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte ("4Cast"). The material shall not, under any circumstances, be reproduced or distributed in whole or part without the prior written consent of 4Cast.
The material in this report is based upon information which 4Cast considers to be reliable and the analysis and opinion in the material represents the view of 4Cast at the time of transmission (unless stated otherwise). Such analysis and opinion is subject to change without notice. The material is intended for use by parties knowledgeable and experienced in the financial sector and is only one source amongst others to be considered in carrying on their business or activity.
ACCORDINGLY 4CAST MAKES NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED STATUTORY OR OTHERWISE (INCLUDING BUT NOT LIMITED TO) THE ACCURACY OF THE MATERIAL IN THIS EMAIL AND ON THE WEBSITE OR THE FITNESS FOR PURPOSE AND ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY EXPRESSLY EXCLUDED.
4Cast does not give or purport to give investment advice. Any action taken by users on the basis of material on this website is entirely at their own risk. Independent investment advice should be sought where appropriate.
This email and the website may link to or be linked to other internet sites. 4Cast does not accept responsibility for the content of such other sites.
4Cast’s terms and conditions of business apply to all fee paying subscribers and authorised trial users.
Recommended Content
Editors’ Picks
AUD/USD favours extra retracements in the short term
AUD/USD kept the negative stance well in place and briefly broke below the key 0.6400 support to clinch a new low for the year on the back of the strong dollar and mixed results from the Chinese docket.
EUR/USD now shifts its attention to 1.0500
The ongoing upward momentum of the Greenback prompted EUR/USD to lose more ground, hitting new lows for 2024 around 1.0600, driven by the significant divergence in monetary policy between the Fed and the ECB.
Gold aiming to re-conquer the $2,400 level
Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
Bitcoin price defends $60K as whales hold onto their BTC despite market dip
Bitcoin (BTC) price still has traders and investors at the edge of their seats as it slides further away from its all-time high (ATH) of $73,777. Some call it a shakeout meant to dispel the weak hands, while others see it as a buying opportunity.
Friday's Silver selloff may have actually been great news for silver bulls!
Silver endured a significant selloff last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls.