Currency Market Snapshot
Currency Market Snapshot
 | Open | High | Low |
EURUSD | 1.38837 | 1.39351 | 1.38587 |
EURGBP | 0.86386 | 0.865175 | 0.86288 |
GBPUSD | 1.60725 | 1.61255 | 1.60295 |
EURJPY | 128.952 | 130.018 | 128.092 |
USDJPY | 92.8825 | 93.5175 | 92.38 |
 |  |  |
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Commentary: Yen crosses stabilise following a heavy selling. US equities closed falt and the Nikkei was down by 1.38%. The Aussie, USD and EUR rallied against the Yen as investors took profit on risk trades on short covering. The previous support levels are now considered the key sell levels as the market is selling in to any rallies.
Data due today:
06.00 GMT – German Consumer Price Index exp 0.4% for June
06.00 GMT – German Consumer Price Index YoY exp 0.1% for June
06.00 GMT – German Trade Balance exp Euro 9.0 Billion for May
06.00 GMT – German Current Account exp Euro 3.7 Billion for May
06.00 GMT – German Imports exp 0.8% for May
06.00 GMT – German Exports exp 1.5% for May
08.00 GMT – ECB Monthly Report for July
08.30 GMT – U.K. Visible Trade Balance exp Deficit Gbp 6.75 Billion for May
08.30 GMT – U.K. Total Trade Balance exp Deficit Gbp 2.85 Billion for May
11.00 GMT – BOE Rate Announcement exp No Change at 0.5%
12.15 GMT – Canada Housing Starts exp 130,000 for June
12.30 GMT – U.S. Initial Jobless Claims exp 603,000
14.00 GMT – U.S. Wholesale Inventories exp -1.0% for May
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