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Dollar Turning Into Consolidation, US Yields Outshone by Europeans

Dollar is experiencing a broad retreat today, reflecting a phase of consolidation after its notable advancements in the recent days. Market participants are seemingly recalibrating their positions, with the closure of the month in sight and in anticipation of pivotal economic data slated for release next week.
New Zealand United Kingdom Hong Kong Ben Dorber German Federal Ministry For Economic Affairs Eurozone Services Sentiment Sep

Eurozone economic sentiment fell to 95.3, EU down to 94.0

Eurozone Economic Sentiment Indicator dropped from 96.4 to 95.3 in June, slightly below expectation of 96.0. Employment Expectations Indicator rose from 104.6 to 105.0. Economic Uncertainty Indicator dropped from 21.6 to 20.4. Industry confidence fell from -5.3 to -7.2. Services confidence fell from 7.1 to 5.7. Retail trade confidence fell from -5.3 to -6.0. Construction confidence fell from -0.3 to -2.0. Consumer confidence improved from -17.4 to -16.1.
Eurozone Economic Sentiment Indicator Expectations Indicator Uncertainty Indicator Sentiment Indicator Expectation Indicator

Currency Markets in Holding Pattern, Gold Breaches 1900

In the currency trading arena, there's been a notable lack of movement today. Gold has caught the market's attention, sliding past the 1900 psychological level. Yet Dollar remains relatively undisturbed, also showing no significant response to the latest jobless claim data and Q1 GDP final figures. Likewise, the release of higher-than-anticipated German CPI data sparked only a fleeting and mild rally in Euro, lacking subsequent follow-through. Despite today's tranquil conditions, ...
New Zealand Hong Kong United Kingdom Ben Dorber Raphael Bostic Jerome Powell

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Sterling Jumps Broadly While Dollar Retreats as Month-End Trading Sets in

Dollar appears to be taking a breather, experiencing a broad decline in month-end trading as it reverses some of its recent gains. The initial support from the debt ceiling deal seems to be waning, while market participants are adopting a cautious stance ahead of this week's crucial non-farm payroll data. The figures are expected to influence bets on whether Fed will hike rates again in June.
United Kingdom Hong Kong Boj Kazuo Ueda Eurozone Services Sentiment British Pound Japanese Yen

Eurozone economic sentiment up slightly to 99.3, third month of sideways movement

Eurozone Economic Sentiment Indicator ticked up from 99.2 to 99.3 in April, below expectation of 99.9. This is the third month of a general sideways movement of the indicator. Industry confidence dropped from -0.5 to -2.6. Services confidence rose from 9.6 to 10.5. Consumer confidence rose from -19.1 to -17.5. Retail trade confidence rose from -1.5 to -1.0. Construction confidence was unchanged at 1.0. Employment Expectation Indicator dropped from 108.9 to 107.4. Economic Uncertainty Indicator d...
Eurozone Economic Sentiment Indicator Expectation Indicator Uncertainty Indicator

Dollar Recovers Shrugging GDP Miss, Swiss Franc Reversing

Dollar shrugs off worse than expected Q1 GDP data and recovers against European majors in early US session. But momentum is so far weak except versus Swiss Franc, which happens to be the worst performer for the day. Australian Dollar and other commodity currencies turned into consolidation, digesting this week's losses. Meanwhile, Euro and Sterling are losing much momentum for now, and turned mixed. Yen is also engaging in range trading, awaiting tomorrow's first BoJ announcement by ne...
Hong Kong New Zealand Kazuo Ueda Eurozone Services Sentiment Apr Swiss Franc China Shanghai

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