Free Trial

EURUSD touched post US Retail Sales.....>

EURO-DOLLAR
EURO-DOLLAR: EURUSD touched post US Retail Sales lows of $1.1209, before
stalling ahead of trendline support drawn off the May 23 low. This comes in at
$1.1205 today, further support is located on approach to $1.1200, ahead of the
Jun 18 low & 2% Bollinger band at $1.1181/65. Last $1.1215.
- Industrial production is due up at 1315GMT and is expected to rise 0.2% in
June after a 0.4% increase in May. Factory payrolls rose by 17,000 in June while
the factory workweek rose to 40.7 from 40.6 in May. Utilities production is
expected to fall sharply in the month after a 2.1% increase in May, with less
electricity production the key factor. Mining production is forecast to slip as
well after a 0.1% gain in the previous month. Capacity utilization is forecast
to hold steady at 78.1%. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.