14 Jul 2015
EUR/USD fundamentals rocking the apple cart - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the financial markets traded within wide and volatile ranges this Tuesday, albeit for once, macroeconomic data displaced sentiment as the market lead.
Key Quotes:
"The greenback traded broadly higher during Asian hours, pushing the EUR/USD down to 1.0965 intraday. The London opening however, brought some profit taking, albeit the common currency's advance was limited by poor local data."
"In Germany inflation figures for June matched expectations and previous month readings, although the ZEW survey showed that economic sentiment decline in July 2015. As for the EU, May industrial production fell by 0.4%, below forecast."
"The EUR/USD pair however, managed to regain the 1.1000 figure, but jumped up to 1.1082 after the release of US Retail Sales that unexpectedly dropped in June, tempering optimism about the strength of the recovery in consumer spending during the second quarter."
Key Quotes:
"The greenback traded broadly higher during Asian hours, pushing the EUR/USD down to 1.0965 intraday. The London opening however, brought some profit taking, albeit the common currency's advance was limited by poor local data."
"In Germany inflation figures for June matched expectations and previous month readings, although the ZEW survey showed that economic sentiment decline in July 2015. As for the EU, May industrial production fell by 0.4%, below forecast."
"The EUR/USD pair however, managed to regain the 1.1000 figure, but jumped up to 1.1082 after the release of US Retail Sales that unexpectedly dropped in June, tempering optimism about the strength of the recovery in consumer spending during the second quarter."