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Monday, July 1, 2024

European Markets Wrap-Up | AUDUSD Technical Analysis – The price action remains rangebound

AUDUSD Technical Analysis – The price action remains rangebound

Fundamental Overview The USD started the week on the backfoot as the new month begins. The last week's strength might have been influenced more by quarter-end flows rather than something fundamental a... 

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EUR/USD consolidates gains ahead of US data, key expiries in play

It's tough to see this bounce as being any more than a slight relief for now. There were no major surprises to the outcome of the first round of votes in the French elections. And I reckon that's what... 

USDJPY Technical Analysis – The bullish bias remains intact

Fundamental Overview The USD started the week on the backfoot as the new month begins. The last week's strength might have been influenced more by quarter-end flows rather than something fundamental a... 

UK May mortgage approvals 59.99k vs 59.90k expected

Prior 61.14k; revised to 60.82k Net consumer credit £1.5 billion Prior £0.7 billion; revised to £0.8 billion Individuals borrowed, on net, £1.2 billion of mortgage debt in May - down from £2.2 billion... 

UK June final manufacturing PMI 50.9 vs 51.4 prelim

Prior 51.2 It's a slight revision lower to the initial reading but still reaffirms a marginal growth in UK's manufacturing sector. Both output and new orders continued to expand for a second successiv... 

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FX option expiries for 1 July 10am New York cut

There is just one on the board to take note of, as highlighted in bold . That being for EUR/USD at the 1.0700 level. The size of the expiry is a big one so that could keep a floor under the pair in te... 

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