Latest Forex Research
Central European Daily
Poland and the NBP to remain in focus this week While the koruna and the zloty finished last week only little changed,
GBP/USD Technical Analysis
In GBP/USD, Commerzbank suspect that we will see major resistance at 1.7041/51 retested, these represent the 2009 high and the 2005 low.
EUR/USD Technical Analysis
EUR/USD held steady to slightly higher last week, and the market is approaching our first corrective target at 1.3670 (the 200 day ma is also found here at 1.3672), notes Commerzbank.
Euro area inflation – Steady as she goes
Euro area inflation remained on a low level in June, just as we expected. Flash headline inflation printed at 0.5% y/y in line
The Global Macro Pulse
Consistent with the overall pro-risk tone, the dollar lost ground against Asian currencies.
FX Daily Majors
Today’s highlights: USDCAD spotlight remains firmly fixed on key medium-term support at 1.0650/00.
EUR/USD View
EUR upside risks will persist this week give ECB board members increasingly limited room to turn more dovish.
Retail sales fell in May
Retail sale dropped 0,9 % m/m in May, fairly in line with our estimate of a 0,7 % drop. Consensus was -0,3 %.
Introducing an Australian commodity price tracker
A real-time indicator of export commodity prices We have developed a real-time daily commodity price tracker modelled on the RBA’s monthly index of commodity prices.
Daily Technical Report
EUR/USD continues to move towards the highof its horizontal range defined by 1.3503 and1.3677. Monitor the test of the hourly resistanceat 1.3644/1.3651.
USD Analysis
The US dollar enters the new week hoping to regain some data support, says BNP Paribas.
Stronger yen. Lurking SEK buyers?
EURUSD: After Thursday’s downside failure the buyers were in thedriver’s seat Friday and the week ended on a positivefooting.