Forex Trading, News, Systems and More

ForexLive European FX news wrap: Dollar tepid, US futures up ahead of month-end | Forexlive

Headlines:

Markets:

  • JPY leads, GBP lags on the day
  • European equities higher; S&P 500 futures up 0.4%
  • US 10-year yields down 3.2 bps to 4.249%
  • Gold up 0.3% to $3,281.33
  • WTI crude up 0.4% to $65.32
  • Bitcoin down 0.6% to $107,734

It was a quiet session with markets looking to ride out month-end before really committing to anything to start the new week.

That said, with Canada trade talks now back on the cards we are seeing risk sentiment perk up again with equities on the move. That’s about the only notable thing as investors keep up with the TACO trade.

In FX, it was all quiet with the dollar not doing too much. The yen and franc are up slightly but nothing too significant. USD/JPY is down 0.2% to 144.30 but that is off the lows of 143.77 earlier in the session. The bounce comes after the pair met last week’s low. Meanwhile, USD/CHF is pinned down by 0.2% as well at 0.7975 with sellers keeping price action below 0.8000 on the day.

Besides that, there wasn’t much else of note with other major currencies keeping little changed and more tepid against one another.

In terms of data, German inflation was a little softer than expected in June but nothing that will get the ECB off their seats heading into the summer.

In the equities space, US futures are seen up while European indices are hoping to recover back some poise following a struggle during the month of June. As for commodities, gold is a little higher but nothing that stands out too much with price keeping under $3,300 after last week’s drop.

With month-end in focus, traders will be looking to get that out of the way before reassessing their focus. However, we do have the US jobs report coming early this week and that might be reason enough for market players to wait on the data before really dipping their toes into the thick of things in July.

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.