Intra-day Market Moving News and Views
27 Jul 2015 02:16GMT
GBP/USD - ...... Although cross-selling in sterling pressure price lower to 1.5467 in European morning on Friday, price recovered later in the day and climbed back to 1.5527 in tandem with euro in NY session.
Cable found support at 1.5499 near NY close and then edged higher in tandem with eur/usd to 1.5539 in Asia on Monday before easing.
Due to the absence of U.K. eco. data and events today, the British pound is expected to track euro's intra-day swing closely.
At present, bids from various accounts are reported at 1.5515-05 and then 1.5500-1.5490 with stops building up below 1.5470.
On the upside, offers are placed at 1.5550-60 and around 1.5580 with mixture of offers and stops at 1.5590-00.
This week will see the release of Japan's CSPI, New Zealand's ANZ business confidence, Germany's import price, Ifo business climate, U.K. CBI trends, U.S. durable goods and building permits on Monday.
Australia's NAB business confidence, U.K. GDP, Canada's producer prices, U.S. Redbook, Markit services PMI and consumer confidence on Tuesday.
Japan's retail sales, Germany's GfK consumer sentiment, Swiss UBS consumption indicator, U.K. mortgage approvals and CBI distributive trades, U.S. pending home sales change, FOMC rate decision and Fed's monetary policy statement on Wednesday.
New Zealand's building consents, Japan's industrial output and IP forecast, Australia's building approvals, import and export prices, Swiss KOF indicator, Germany's unemployment, eurozone business climate, consumer inflation expectation, consumer confidence, unemployment rate, eurozone unemployment rate, Germany's CPI and HICP, U.S. initial jobless claims on Thusday.
U.K. GfK consumer confidence, Japan's all household spending, CPI and unemployment rate, Australia's PPI, Japan's construction orders and housing starts, eurozone inflation, Canada's GDP, U.S. employment costs, Chicago PMI and Reuters/Michigan consumer sentiment index on Friday.
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