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11 Aug 2014

SEB: EUR/GBP impulsively higher - eFXnews

FXStreet (Łódź) - The eFXnews team observe that according to SEB EUR/GBP's strengthening on Friday resulted in the formation of a bullish daily as well as a weekly candle.

Key quotes

"There is however quite a lot of resistance in a 0.7997/0.8007/0.8028 range but also the potential for a rather bullish medium term message should those be cleared."

"With the € index on the verge of exiting a falling wedge there’s probably a more general € reaction higher underway."

'This content has been provided under specific arrangement with eFXnews.'
Aug 11, 2014

New Zealand's Q2 retail sales expected to rise by 0.8% - BNZ

Stephen Toplis, Head of Research at BNZ believes that New Zealand's Q2 retail sales data, due out on Wednesday, will show 0.8% growth, below market consensus of a 1% rise.
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Aug 11, 2014

UK: CB Leading Economic Index up 0.6% in June

UK's CB Leading Economic Index rose 0.6% in June, slightly up from the 0.5% increase in May, the Conference Board informed on Monday.
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