Germany ZEW survey on the agenda today
The dollar held slightly weaker in trading yesterday, keeping in a bit of a rut after the non-farm payrolls release on Friday. But from a technical perspective, not a lot has changed since last week among major currencies for the time being.
EUR/USD keeps just below 1.2200 for now but key resistance is still seen closer to 1.2243-66 as we look towards the ECB meeting and US CPI data later in the week.
GBP/USD holds below 1.4200 still as sellers continue to keep some defense of the figure level and USD/CAD isn’t really seeing enough appetite to break below 1.2000.
Adding to that is the continued gyration in AUD/USD in between 0.7700 and 0.7800, or 0.7750 to be more specific, so that also isn’t leaving a lot to work with.
Equities saw some mixed tones yesterday with US futures keeping more tepid and little changed for now as well. The market seems to be waiting on something to nudge it along but there’s still no right catalyst for the moment at least.
0600 GMT – Germany April industrial production data
0645 GMT – France April trade balance data
0900 GMT – Germany June ZEW survey current situation, expectations
0900 GMT – Eurozone Q1 final GDP figures
1000 GMT – US May NFIB small business optimism index