{"id":3032,"date":"2013-07-25T16:00:39","date_gmt":"2013-07-25T16:00:39","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=3032"},"modified":"2013-07-25T16:47:10","modified_gmt":"2013-07-25T16:47:10","slug":"optimistic-data-refuses-to-faze-pound-sterling","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/optimistic-data-refuses-to-faze-pound-sterling\/","title":{"rendered":"Optimistic data refuses to faze Pound Sterling"},"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 25th\u00a0of July.<b>\u00a0<\/b><\/p>\n<p><b>Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights:<\/b><\/p>\n<ul>\n<li>Optimistic data refuses to faze Pound Sterling<\/li>\n<li>Optimistic data refuses to faze Pound Sterling<\/li>\n<li>JGB Purchases will impact Yen weakness<\/li>\n<li>Yen weaker on strong US Durable goods<\/li>\n<li>AUD\/USD posts bearish outlook<\/li>\n<\/ul>\n<p><b>CURRENCY RATES OVERVIEW\u00a0<\/b><\/p>\n<p><b>GBP\/EURO \u2013\u00a0<\/b>1.1579<br \/>\n<b>GBP\/USD \u2013\u00a0<\/b>1.5319<br \/>\n<b>GBP\/CHF \u2013\u00a0<\/b>1.4307<br \/>\n<b>GBP\/CAD \u2013\u00a0<\/b>1.5762<br \/>\n<b>GBP\/AUD \u2013\u00a0<\/b>1.6677<br \/>\n<b>GBP\/ZAR \u2013\u00a0<\/b>15.0026<br \/>\n<b>GBP\/JPY \u2013\u00a0<\/b>152.8102<br \/>\n<b>GBP\/HKD \u2013\u00a0<\/b>11.8841<br \/>\n<b>GBP\/NZD \u2013\u00a0<\/b>1.9031<br \/>\n<b>GBP\/SEK \u2013\u00a0<\/b>9.9691<\/p>\n<p><i>Mid-market rates as of 2013-07-25 14:20 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 (JUL), EUR German IFO &#8211; Current Assessment (JUL), EUR German IFO &#8211; Expectations (JUL)<br \/>\n<b>United Kingdom:\u00a0<\/b>GBP Gross Domestic Product (QoQ) (2Q A), GBP Gross Domestic Product (YoY) (2Q A)<br \/>\n<b>New Zealand: <\/b>NZD Trade Balance (New Zealand dollars) (JUN), NZD Balance (YTD) (New Zealand dollars) (JUN), JPY Merchandise Trade Balance Total (Yen) (JUN)<br \/>\n<b>United States of America:\u00a0<\/b>USD Initial Jobless Claims (JUL 19), USD Durable Goods Orders (JUN), USD Durables Ex Transportation (JUN)<br \/>\n<b>\u00a0China:<\/b> No Data<br \/>\n<b>Canada:<\/b> CAD Retail Sales (MoM) (MAY)<br \/>\n<b>Japan:\u00a0<\/b>JPY National Consumer Price Index (YoY) (JUN), JPY National Consumer Price Index Ex-Fresh Food (YoY) (JUN), JPY National Consumer Price Index Ex Food, Energy (YoY) (JUN)<\/p>\n<p><b>Optimistic data refuses to faze Pound Sterling<\/b><\/p>\n<p>GBP\/USD is mixed post US data and is ranging between the 1.5280\u2019s and 1.5320. The pair has been drifting up from the lows of the day, after a drop from 1.5380 post UK GDP data and subsequent market positioning in the pair. The US data offered a stable Durable Goods Order for Jun printing 4.2% against a consensus of just 0.5% but lower on the previous month that read 5.2%. The Initial Jobless Claims arrived in the red at 343K and more than the consensus of 340K and previous 336k. The USD was last observed to be gaining versus the GBP despite the preliminary reading of UK Q2 GDP came in line with expectations. GBP\/USD was last observed floundering in the 1.5385 zone.<\/p>\n<p><b>Optimistic data refuses to faze Pound Sterling<\/b><\/p>\n<p>EUR\/GBP pair is continuing to rally higher post UK GDP. The pair appears to be benefitting from the market selling GBP, as it appears those who were buying the pound sterling before the release of the UK GDP figures for Q2, wanted to exit on a profit. The numbers printed 0.6% QoQ and 1.4% YoY in line with consensus and the pair is currently trading 0.8630\/40. The USD on the other hand gained versus the Euro despite all three components of the German July Ifo survey coming in line with expectations. EUR\/USD fell sharply but bounced back above 1.3200 most recently.<\/p>\n<p><b>US equities react mixed following rise in jobless claims<\/b><\/p>\n<p>The US stock market opened experienced a mixed opening Thursday, with Tech stocks like Facebook (FB) leading the charge, whilst investors digest the recent tranche of US economic data. In the United States, Durable Goods Orders rose by 4.2% in June, crushing expectations of only a marginal increase of 0.5%. Moreover, Durable Goods Orders ex Transportation (June) came in unchanged, missing estimates of an increase of 0.5%. Finally, Initial Jobless Claims (July 19) were reported at 343K, against projections calling for 340K.<\/p>\n<p><b>Yen weaker on strong US Durable goods<\/b><\/p>\n<p>The USD\/JPY saw a temporary rise following better-than-expected US durable goods orders data which was offset by disappointing jobless claims. Following this USD\/JPY hit a fresh daily low of 99.57.<\/p>\n<p><b>AUD\/USD posts bearish outlook<\/b><\/p>\n<p>The AUD\/USD pair came under pressure from a strong bear trend at put up strong resistance at 0.9333 levels. With the bear trend looking to prolong analysts indicated that the pair will dip further to 0.9121 levels ahead of 0.8999 owing to a bearish outlook.<\/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 July.\u00a0 Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights: Optimistic data refuses to faze Pound Sterling Optimistic data refuses to faze Pound Sterling JGB Purchases will impact Yen weakness Yen weaker on strong US Durable goods AUD\/USD posts bearish outlook CURRENCY RATES OVERVIEW\u00a0 GBP\/EURO \u2013\u00a01.1579 GBP\/USD \u2013\u00a01.5319 GBP\/CHF [&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\/3032"}],"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=3032"}],"version-history":[{"count":4,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/3032\/revisions"}],"predecessor-version":[{"id":3036,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/3032\/revisions\/3036"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=3032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=3032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=3032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}