EUR/USD falls back to 1.09

Posted On 14 Jul 2015

Tag: AUDJPY, AUDUSD, EURGBP, EURUSD, GBPJPY, GBPUSD, NZDJPY, USDCHF, USDJPY

EUR/USD opened in Asia at 1.1000 after selling off hard post-EU/Greece deal. The high was at 1.1011 before falling again back into the 1.09 handle.
Focus shifts to central bank expectations and yield differentials – (concerning Fed and ECB).
ECB bond buying likely to remain in overdrive, leaving yields low.
Risk likes ahead as Greek deal still has to pass in Athens parliament and then in other EU member countries. Meanwhile, Greek Prime Minister Alexis Tsipras faces a party revolt over the bailout deal.

USD/JPY consolidates post-Greece deal gains from yesterday.The was up from 123.43 to 123.74 before push back down to 123.39. Upcoming risk for this pair will the upcoming US retail sales today.

EUR/JPY 135.75-136.00, soggy, GBP/JPY 190.96-191.47, buy-dip starts again.
AUD/JPY leg up from 91.26 to 91.77, NZD/JPY steady, 82.34-65.

GBP/USD does little in tight 1.5472-92 range in Asia and amidst USD strength. Focus shifts to UK CPI data later today.
EUR/GBP quiet too, 0.7094-0.7107 range, bias here down after o/n fall.

USD/CHF up from 0.9497 to 0.9532 before push back down to start area.
EUR/CHF more or less steady, 1.0446-65 range.

AUD/USD opened in Asia at 0.7406, off to 0.7388 then bounced to 0.7432.
AUD bear sentiment weighs early but a good NAB business survey helped in the subsequent bounce.
Bias may remain down ahead of China GDP tomorrow too.

NZD/USD New York close at 0.6695,and was off from 0.6694 to 0.6667,due to strong USD. AUD/NZD was on the bounce, up from 1.1072 to 1.1122.

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