FX Expert Funded

ForexLive European FX news wrap: Dollar lightly changed ahead of ADP


Sterling looks to UK general election as next key risk eventReminder: US markets will be closed tomorrowJapan reportedly to issue new floating-rate bonds to help investors if BOJ hikes ratesFed’s Williams casts doubt over rise in neutral rateEurozone May PPI -0.2% vs -0.1% m/m expectedEurozone June final services PMI 52.8 vs 52.6 prelimUK June final services PMI 52.1 vs. 51.2 prelimUS June Challenger layoffs 48.79k vs 63.82k prior


EUR and GBP lead, JPY lags on the dayEuropean equities higher; S&P 500 futures flatUS 10-year yields down 0.4 bps to 4.431%Gold up 0.7% to $2,345.23WTI crude flat at $81.93Bitcoin down 2.9% to $60,135

It was a relatively slow session with major currencies not up to much. USD/JPY continues to be in focus, extending gains and inching closer towards the 162.00 mark. The dollar itself is trading more mixed, holding in relatively narrow ranges for the most part.

There weren’t any meaningful headlines, with the only stand out perhaps being Japan reportedly looking to issue a new floating-rate type of bond. But that won’t be something that will happen any time soon at least.

Major currencies didn’t really get much help from broader markets as well. European equities are bouncing back strongly today after the gains in Wall Street yesterday. However, US futures are more muted on the day. Meanwhile, the bond market also isn’t offering much of anything.

It’s now over to the US ADP employment roulette report to see how that will shake things up before the holiday tomorrow.

This article was written by Justin Low at www.forexlive.com.

Leave a Comment

Your email address will not be published. Required fields are marked *

Call Now