UK data rounds out week

June 28, 2019

A stack of data is scheduled for publication today as finish up another trading week.

The EURUSD endured a roller coaster session but opened and closed rather flat. The pair began the day at $1.13666, ticked up to $1.13751, before falling to a low of $1.13469 mid-session. The euro climbed off those lows, peaking at $1.13806 heading into late trading. It gave up some of those gains and remained near its open price for the rest of the session. It is currently trading at $1.13693. The GBPUSD looked promising midway through the session until things went awry and gave up its previous gains. The pair started the day at $1.26827 and slipped to $1.26678 mid-session. From there, the pound shot up to a high of $1.27239. However, it was not able to hold onto those highs for very long as it tumbled to lows of $1.26604 late in the day. It is currently trading at $1.26729.

The Dow looked set for a positive session but losses later in the day meant that there were no serious gains made. The index opened the day at 26,530.81 and climbed to a high of 26,680.66 mid-session. The Dow fell away shortly afterwards however, dropping to lows of 26,459.16 a few hours later. It bounced off those lows but closed near its open price, ending the day at 26,565.44. It has opened higher and is now trading at 26,615.80. The Dax endured some wild swings but ultimately closed flat overnight. The German index opened at 12,281.40 and quickly shot up to a high of 12,328.38 before an equally quick, but much sharper fall saw it bottom-out at 12,199.86. The Dax recovered a large chunk of those losses and closed at 12,273.57.

The day ahead sees the release of plenty of data throughout the day, but focus shifts to the UK. Later tonight, the UK will be publishing Final GDP data in what is sure to be keenly watched by traders. The UK economy is expected to grow by 0.5% over the quarter, in line with growth of the previous quarter.

Other data published today includes:

All – G20 Meetings

Japan – Housing Starts

Australia – Private Sector Credit

UK – Current Account, Revised Business Investment

Canada – GDP, RMPI, IPPI, BoC Business Outlook Survey

US – Core PCE Price Index, Personal Spending & Income, Chicago PMI, Revised UoM Consumer Sentiment & Inflation Expectations

Europe – German Import Prices, French Consumer Spending, French Prelim CPI, Swiss KOF Economic Barometer European CPI & Core CPI Flash Estimates, Italian Prelim CPI


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