Sunday 2 July Last week it was difficult to have faith in the direction of the currencies. The EUR was the standout performer due to the still hawkish central bank. Moving forward, will Friday's PCE data set the tone for the USD this coming week? All up-coming data will be scrutinised
Friday 30 June 14:10 PCE data from the US comes out softer than forecast, moving forward this is hopefully a good sign for the world and may create USD short opportunities. This risk this afternoon would be quarter end flows skewing any trade ideas.
Thursday 29 June 10:15 Today's headline red flag data is US GDP, other data points to note are German CPI and US jobless claims. I'll also be keeping a keen eye on tomorrow's PCE data which could be a big market mover. Every data release at the moment
Wednesday 28 June 10:00 Overnight, inflation data from Australia came down more than expected. Along with a similar story from Canada yesterday, this is hopefully a good sign for world inflation. But may induce some short term weakness for the AUD.
Tuesday 27 June 09.30 The JPY is still the weakest currency, but with intervention talk getting louder it feels like it's only a matter of time before the BOJ either abandons yield curve control or buy enough Yen to send USD/JPY lower. There may be a time JPY becomes un-tradable but
Tue 20th June 15:30 US dollar has returned very strong after the American bank holiday, is this due to a re-pricing for a rate hike in July coupled with disappointment over china? or is it simply quarter end flows?
Monday 19th June US bank holiday today, with a very light data calender I think it's prudent to wait until tomorrow before forming a conviction in the direction of the currencies
