A light one on the data docket in Europe today

July 08, 2024 at 06:18AM
The dollar was dragged lower after the US job report on Friday here. The headline figure belies the softer details and markets eventually picked up on that to punish the greenback. Equities ripped higher as bond yields fell, as the hot start to July trading continues for stocks.

There are some key technical considerations now as a result of the reaction to the labour market figures. AUD/USD is sticking with a breakout to its highest since January, eyeing the highs then around 0.6850-70. Meanwhile, GBP/USD is looking to its June high of 1.2860 next while EUR/USD is hoping to hold a break above 1.0800 and its key daily moving averages.

As for USD/JPY, it is weighed lower but still keeping above the 160.00 mark for now at least. That is a spot that buyers might lean on as the pressure against the yen is still rather evident in the bigger picture.

Looking to European trading today, there won’t be much on the data docket to really shake things up. Traders and investors will have much time to ponder on the French election results. I shared some thoughts on that here. Don’t expect a quiet week in general though as we will have the US CPI report coming up on Thursday. That is going to be a big one to watch for markets.

0600 GMT – Germany May trade balance data0800 GMT – SNB total sight deposits w.e. 5 July0830 GMT – Eurozone July Sentx investor confidence

That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.

495 – Toni Kroos completed 495 passes in this year’s Euros with a passing accuracy of 95%. The next highest on the list is John Stones, with 412 passes. Kroos also tops the list as the player with the most touches, most progressive passes, most passes into the attacking third, most key passes, and most line-breaking passes. Sadly just not this one trophy, maestro. Wishing you a happy retirement.

This article was written by Justin Low at www.forexlive.com.

HUBFX

For News Subscribe Us!

If you wish to receive the weekly market report, please subscribe. For a daily report please go to contact form to speak to the sales team.

You have been successfully Subscribed! Ops! Something went wrong, please try again.
PikPng.com_apple-icon-png_BBB

register your interest now

ALL RIGHTS RESERVED © 2024 HUBFX
Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

HUBFX Asia  Business Office at
100 Peck Seah St, 079333, Singapore

ALL RIGHTS RESERVED © 2024 HUBFX
Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

HUBFX Asia  Business Office at
100 Peck Seah St, 079333, Singapore

UKDEA24-Finalist-Badge2
GBT24_Finalist_Full-White

For clients based in the European Economic Area, payment services for HUBFX are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).  For clients based in the United States, payment services for HUBFX are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011. For clients based in the United Kingdom and rest of the world, payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

Payment services for HUBFX UK and US are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 

 

Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

Rates are indicative only. Please log in for getting your rates.