Intra-day Market Moving News and Views
07 Jul 2015 07:24GMT
EUR/USD - ...... Euro ratcheted lower after meeting renewed selling at 1.1052 in Asia and then briefly fell to 1.1018 in European morning as investors remained wary ahead of a euro zone summit later in the day aimed at restarting negotiations between Greece and its lenders.
Earlier in Europe, Destatis showed that German industrial production remained unchanged at a seasonally adjusted annual rate of 0.0%, from 0.6% in the preceding month whose figure was revised down from 0.9%.
In a separate report, the customs office said France's trade deficit widened in May from April, as the country's auto-related imports rise and exports slip. France recorded a 4.02 bln euros trade deficit in May, compared with a deficit of 3.3 bln euros in April, while exports fell by 0.6% and imports increased by 1.2% over the period.
At present, bids are noted at 1.1010-00 with stops below 1.1000 whilst some offers are tipped at 1.1040-50 and then 1.1080-90 with some stops located just above 1.1100.
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.