26 Jun 2014
Session Recap: GBP firms after macro-prudential measures
FXStreet (Córdoba) - A fairly quiet session so far in Europe, with the only highlight being the BoE’s announcement of the so-called macro-prudential measures aimed at curbing UK housing bubble as the economy recovers.
The GBP/USD rose in anticipation to the Financial Stability Report and extended gains afterwards, printing a 3-day high of 1.7034 before easing.
Meanwhile the euro crosses are trading lower, with the EUR/USD sliding to the 1.3610 zone. The USD/JPY is nearly flat testing the 200-day MA near 101.70.
As for commodity currencies, the NZD/USD rose to a 6-week high of 0.8775, while the USD/CAD trades at 5-month lows near 1.0700 and the AUD/USD consolidates above 0.9400.
Elsewhere, European stocks bounced after 4 session of losses, while US futures point to a flat open.
During the New York session, watch for US consumer income/spending data and jobless claims.
Main Headlines in Europe:
France Consumer Confidence came in at 86, above expectations (85) in June
European stocks bounce after 4 days of losses
What’s the sentiment around he EUR/USD today? – Commerzbank and OCBC Bank
BoE's Carney: Housing market the biggest risk for UK economy
BoE's Carney: Immediate action will be taken is imminent risks emerge
BoE's Carney: Gradual rate path needed to prevent a destabilization of UK economy
BoE unveils plans for curbing UK housing bubble
The GBP/USD rose in anticipation to the Financial Stability Report and extended gains afterwards, printing a 3-day high of 1.7034 before easing.
Meanwhile the euro crosses are trading lower, with the EUR/USD sliding to the 1.3610 zone. The USD/JPY is nearly flat testing the 200-day MA near 101.70.
As for commodity currencies, the NZD/USD rose to a 6-week high of 0.8775, while the USD/CAD trades at 5-month lows near 1.0700 and the AUD/USD consolidates above 0.9400.
Elsewhere, European stocks bounced after 4 session of losses, while US futures point to a flat open.
During the New York session, watch for US consumer income/spending data and jobless claims.
Main Headlines in Europe:
France Consumer Confidence came in at 86, above expectations (85) in June
European stocks bounce after 4 days of losses
What’s the sentiment around he EUR/USD today? – Commerzbank and OCBC Bank
BoE's Carney: Housing market the biggest risk for UK economy
BoE's Carney: Immediate action will be taken is imminent risks emerge
BoE's Carney: Gradual rate path needed to prevent a destabilization of UK economy
BoE unveils plans for curbing UK housing bubble