{"id":2921,"date":"2013-06-25T18:00:13","date_gmt":"2013-06-25T18:00:13","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=2921"},"modified":"2013-06-26T07:43:37","modified_gmt":"2013-06-26T07:43:37","slug":"sterling-on-the-defensive-as-us-reports-stable-consumer-and-housing-confidence-data","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/sterling-on-the-defensive-as-us-reports-stable-consumer-and-housing-confidence-data\/","title":{"rendered":"Sterling on the defensive as US reports stable consumer and housing confidence data"},"content":{"rendered":"<p><a href=\"https:\/\/plus.google.com\/111687047260609547765\/posts\"><b>Sinduja Venkat<\/b><\/a><\/p>\n<p>Good morning and welcome to today\u2019s\u00a0foreign exchange market commentary on 25<sup>th<\/sup>\u00a0of June.<b>\u00a0<\/b><\/p>\n<p><b>Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights:<\/b><\/p>\n<ul>\n<li>Sterling on the defensive as US reports stable consumer and housing confidence data<\/li>\n<li>Optimistic German confidence survey results fail to boost EUR\/USD<\/li>\n<li>USD continues to be safe haven as further positive economic data indicates<\/li>\n<li>Yen\/USD picks up steam on Tokyo open<\/li>\n<li>AUD\/USD advancing as PBoC buckles under pressure of interbank rates<\/li>\n<\/ul>\n<p><b>CURRENCY RATES OVERVIEW\u00a0<\/b><\/p>\n<p><b>GBP\/EURO \u2013\u00a0<\/b>1.1787<br \/>\n<b>GBP\/USD \u2013\u00a0<\/b>1.5419<br \/>\n<b>GBP\/CHF \u2013\u00a0<\/b>1.4467<br \/>\n<b>GBP\/CAD \u2013\u00a0<\/b>1.6224<br \/>\n<b>GBP\/AUD \u2013\u00a0<\/b>1.6686<br \/>\n<b>GBP\/ZAR \u2013\u00a0<\/b>15.5777<br \/>\n<b>GBP\/JPY \u2013\u00a0<\/b>150.7975<br \/>\n<b>GBP\/HKD \u2013\u00a0<\/b>11.9621<br \/>\n<b>GBP\/NZD \u2013\u00a0<\/b>1.9950<br \/>\n<b>GBP\/SEK \u2013\u00a0<\/b>10.3785<\/p>\n<p><i>Mid-market rates as of 2013-06-25 15:30 UTC<\/i><\/p>\n<p><b>Key releases in the next 24 hours that may affect currency date:<\/b><\/p>\n<p><b>Australia:\u00a0<\/b>No Data<br \/>\n<b>Europe:\u00a0<\/b>EUR German IFO &#8211; Business Climate (JUN), EUR German IFO &#8211; Current Assessment (JUN), EUR German IFO &#8211; Expectations (JUN)<br \/>\n<b>United Kingdom:\u00a0\u00a0<\/b>GBP BBA Loans for House Purchase (MAY), GBP BoE King Testifies to Lawmakers in Final Appearence<br \/>\n<b>New Zealand:\u00a0<\/b>NZD Credit Card Spending s.a. (MoM) (MAY), NZD Credit Card Spending (YoY) (MAY)<br \/>\n<b>United States of America:\u00a0<\/b>USD Durable Goods Orders (MAY), USD Durables Ex Transportation (MAY), USD S&amp;P\/Case-Shiller Composite-20 (YoY) (APR), USD Consumer Confidence (JUN), USD New Home Sales (MoM) (MAY)<br \/>\n<b>China:\u00a0<\/b>No Data<br \/>\n<b>Canada:\u00a0<\/b>No Data<br \/>\n<b>Japan:\u00a0<\/b>No Data<\/p>\n<p><b>Sterling on the defensive as US reports stable consumer and housing confidence data<\/b><\/p>\n<p>GBP\/USD pair declined by 50 pips from 1.5450 down to the1.5400 area following the optimistic housing and consumer confidence data released in the United States. Currently the pair is trading around 1.5415 declining by 0.12%. Short term market perspective is\u00a0 bearish for the pair as of the moment.<\/p>\n<p><b>Optimistic German confidence survey results fail to boost EUR\/USD<\/b><\/p>\n<p>German Consumer Confidence Survey increased to 6.8 in July from 6.5 in the previous month. The EUR\/USD was last seen trading at 1.3066 easing from session highs at 1.3087 owing to USD strength and the overall risk averseness observed amongst investors in the region. The pair is currently seen to have dipped by 0.43% for this week ahead of key EMU meetings taking place in Brussels.<\/p>\n<p><b>USD continues to be safe haven as further positive economic data indicates<\/b><\/p>\n<p>The US Dollar Index advanced slightly during the Asian trading session on Wednesday buoyed partially by strong economic data coming in from the US on Tuesday. Despite headlines dominated by Fed\u2019s decision on QE tapering the overall US picture has reflected recovery and resilience over the past several months. Presently the USD Dollar Index has settled for the 82.85 level.<\/p>\n<p><b>Yen\/USD picks up steam on Tokyo open<\/b><\/p>\n<p>The Asian pre-trading session began on a slower note for the Yen\/USD pair against most of its peers however the session saw things turning around as soon as Tokyo trading opened and the Yen began to pick up steam following the rise of risk aversion among investors pushing USD\/JPY pair further down to 97.60 from 98.25.<\/p>\n<p><b>AUD\/USD advancing as PBoC buckles under pressure of interbank rates<\/b><\/p>\n<p>AUD\/USD has been advancing on news that central bank of China is buckling under the pressure imposed by the interbank rates markets, with China rate swaps 1-year declining by over 35 bp today at 3.71% from 5% at the close of last week.<\/p>\n<p><i>Going on holiday? Compare travel money deals with our sister site mytravelmoney.co.uk<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sinduja Venkat Good morning and welcome to today\u2019s\u00a0foreign exchange market commentary on 25th\u00a0of June.\u00a0 Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights: Sterling on the defensive as US reports stable consumer and housing confidence data Optimistic German confidence survey results fail to boost EUR\/USD USD continues to be safe haven as further positive economic data indicates Yen\/USD picks up steam on [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[110,3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2921"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=2921"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2921\/revisions"}],"predecessor-version":[{"id":2922,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2921\/revisions\/2922"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=2921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=2921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=2921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}