EUR

Euro zone CPI data this morning came in mixed, nevertheless EUR/USD is trading near the highs of the day just underneath the critical 1.3670 resistance level.

USD

Later on we expect the Chicago PMI. This will hopefully bring some movement in the USD related pairs. USD/JPY and EUR/USD trade in a very narrow range since this morning.

GBP

Sterling bounces between 1.7000 and 1.7060 against the USD on Monday. At the midday fixing cable jumped 30 pips in a few minutes - there is still a lot of demand for GBP at these levels.

CHF

No action in the Swissie so far today.

JPY

The yen hit a new high for the month against the Greenback but gave back most of the losses since then.

CAD

Canadian GDP came in at 0.1% versus 0.2%. USD/CAD rose after the data and the loonie was also lower against the other major pairs.

AUD

The AUD/USD drifts lower on Monday - in-line with our technical forecast from this morning.

NZD

The NZD was the loser of the day in the asian session this morning. The reason behind the move were disappointing building permits from New Zealand this morning.

XAU

Gold trades sideways on Monday in a very quiet market so far.

EUR

We see no direction in the EUR today, EUR/USD trades in a 15 pip range since this morning.CPI data from Germany came in a bit higher than analysts had expected but the impact on the EUR was limited.

USD

It is very quiet in the Greenback as well so far on the last day of the trading week. The revised University of Michigan consumer confidence index might trigger some volatility though.

GBP

The current account deficit in the UK was published larger than expected this morning, Sterling held up pretty well though.

CHF

The KOF economic barometer from Switzerland came in slightly above expectations this morning. The Swissi is higher and trades at the high of the day against the EUR at the moment.

JPY

USD/JPY trades in a 10 pip range during the European session. Simply nothing going on there so far today.

CAD

Canadian price data came in well below expectations, USD/CAD gained 5 pips after the data but trades now back at pre-data levels in a lethargic market.

AUD

The commodity currency bloc consolidates yesterdays profits against the Greenback.

NZD

After trading close to a record high the kiwi dollar comes down again and is testing the 0.8750:60 support level.

XAU

Gold is a tad higher today but still trades well below this weeks high of 1325 USD.

EUR

In-line with our forecast we see the gains slowly fading away in EUR/USD this morning. There was no economic data from the euro zone.

USD

The USD is mixed today after yesterdays losses, the Greenback gains against the EUR but loses against the JPY and the GBP. This afternoon we expect jobless claims and personal spending data.

GBP

The pound rises again today after a speech from BoE Governor Carney. Cable reestablishes itself north of 1.70 again.

CHF

No news from Switzerland today.

JPY

We see the yen gaining across the board as European equities do not follow their US counterparts to the upside.

CAD

The loonie is a bit stronger but the moves are minuscule at the moment.

AUD

The Aussie is resilient after yesterdays rally and trades solidly north of 0.9400.

NZD

The NZD is the strongest currencies among the majors although there was no speecific news triggering the rally.

XAU

Gold is selling off today and trades 15 USD below yesterdays high again.

EUR

It was an ultra quiet European session today with no major impulses for the EUR.

USD

The Greenback gets hammered across the board today after final US GDP was dramatically below expectations and previous data was revised downward. EUR/USD jumped more than 30 pips after the data and tested the 1.3650 level.

GBP

Sterling recovers some of Tuesday's losses against the Greenback today, but loses against the EUR.

CHF

With equities in Europe retreating once again we see small gains in the Swissie today although the ranges are very small.

JPY

The yen gains against the USD today supported by weaker European equities and a disappointing US GDP report

CAD

The loonie is flat against most of the majors but gains against the USD.

AUD

The Aussie recovers a good part of yesterdays losses, in-line with our daily forecast from this morning.

NZD

The NZD is stronger today against most of the majors, especially against the USD.

XAU

We saw an initial spike higher in Gold after the big US GDP miss but prices came back down again to pre data levels.

EUR

The EUR is slowly crawling upward against the USD but is posting solid gains for the day against the GBP. The strength came as a surprise to some market participant because this mornings IFO index from Germany came below the analysts consensus estimate.

USD

US macro data yesterday could not really lift the Greenback. Dollar bulls are still disappointed by Yellen`s dovish tone last Wednesday. This is certainly one of the reasons why traders hesitate to put up any significant USD long positions here. We see further downside for the Greenback against all major currencies.

GBP

Sterling is under significant selling pressure after BoE`s Carney was questioned today. EUR/GBP rallied and GBP/USD fell significantly below 1.70.

CHF

Swiss trade balance data this morning was exactly in-line with the estimate. No major impact on the CHF.

JPY

The yen gains today as European equity markets are on the retreat. Not a major surprise after the recent runup. Some use the word "bubble" when speaking about equity valuation worldwide.

CAD

The loonie remains resilient but volatility has calmed down somewhat after last week`s rally.

AUD

The AUD remains under pressure as traders continue to take profits following yesterday`s strong rally which stalled just 15 pips shy off the calendar year high at 0.9459.

NZD

The NZD is lower for the day as traders book profits in commodity currencies since yesterday.

XAU

Gold made a new high above 1325 USD after a bullish flag formation.

EUR

The weaker then expected PMI data from France, Germany and the euro zone pushed EUR/USD back down below 1.3600 on Monday.

USD

The USD continues to be under pressure although the selling has somewhat slowed down.

GBP

The pound re-tested last weeks high but failed underneath 1.7050. This triggered some profit taking in sterling across the board - the GBP is underperforming the other majors today.

CHF

After a down day on Friday we see the Swissie gaining again at the beginning of the new trading week.

JPY

No major action in the yen today, USD/JPY is consolidating after the late Friday drop.

CAD

The Canadian made a new high against the Greenback on Monday and trades near levels not seen since January.

AUD

Supported by better than expected macro data from China we saw a huge rally in the Aussie overnight, in-line with our bullish forecast.

NZD

The NZD also profits from the better than anticipated HSBC flash manufacturing PMI published this morning.

XAU

Gold consolidates in a tight range (bullish sign) after last weeks three percent rally.