Thursday, July 24, 2014
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USD/JPY capped by 101.60 so far

Tweet FXStreet (Edinburgh) – The Japanese yen is depreciating against the greenback on Thursday, lifting the USD/JPY to levels below 101.60 so far. USD/JPY stronger on Japanese data Spot saw its demand renewed after trade balance figures in Japan disappointed investors in June, posting a deficit of ¥822.2 billion, and the manufacturing PMI tracked by [...]

July 24 2014 | Posted in Forex | Read More »

UK retail sales point to robust 2Q GDP – ING

Tweet FXStreet (Łódź) – James Knightley from ING believes that the slightly weaker than expected UK retail sales numbers for June haven’t shaken the belief that Q2 GDP will be robust. Key quotes “When we look at the April-June quarter as a whole we see that retail sales were up 1.6% on the January-March period [...]

July 24 2014 | Posted in Forex | Read More »

SEB: EUR/GBP rechecks 0.7927/53 before down – eFXnews

Tweet FXStreet (Łódź) – The eFXnews team comment that the SEB sees EUR/GBP to drop lower, although the bank adds that the wedge is likely to take its toll. Key quotes “A correctional target zone is located at 0.7927/07953 and it is likely to be tested before setting fresh lows.” “Nearby levels to watch are [...]

July 24 2014 | Posted in Forex | Read More »

China avoids second corporate bond default – ING

Tweet FXStreet (Łódź) – Tim Condon from ING remarks believes that the bailout provided by Chinese authorities to a construction company on the brink of default reinforces policy flexibility to manage the love-hate relation associated with such events.Key quotes “The authorities have the policy flexibility to manage the love-hate relation with corporate defaults – we [...]

July 24 2014 | Posted in Forex | Read More »

NZD weaker post-RBNZ – BTMU

Tweet FXStreet (Barcelona) – Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, observed the weaker tone in the NZD following the RBNZ rate hike. Key Quotes “The New Zealand dollar has weakened sharply in the Asian trading session with the NZD/USD rate falling back below the 0.8600-level. The New Zealand dollar has [...]

July 24 2014 | Posted in Forex | Read More »