Latest data released by Eurostat – 14 June 2021
Production of durable goods was up 3.4%, capital goods 1.4%, and intermediate goods 0.8%. The only downside was non-durable goods, which fell 0.3% in April.

GBP/USD falls to 1.4071, its lowest level in a month
So far, buyers are trying to keep a bounce off that level as price moves up a little back to 1.4080 but this is a testing time for cable after having coiled up for over four weeks.

10 year yields were lower.  Most stock indices were higher.  Crude oil is up for the 3rd week in a row.
The CHF was the strongest of the major currencies for the week of June 7 to June 11. The NZD was the weakest.  

Negotiations called „intense“
The talks to revive the Iran nuclear deal are resuming in Vienna on Saturday.  European leaders called the negotiations „intense“ with Germany calling for rapid progress.  

Closing changes for the main equity markets
On the day:
– S&P 500 +8 to 4247 (+0.2%)
– Nasdaq +0.35%
– DJIA flat
– TSX Comp +0.4%
On the week:
It’s make-or-break time for the Nasdaq:

Weekly US futures positioning data for the week ending June 11, 2021:
The main move was in buying the yen and selling the Australian dollar. That’s a classic risk off trade and reflects the apprehension in broader markets.

Kiwi teeters but holds
Today’s close in NZD/USD is on track for the lowest since April 12. The good news is that the May intraday low has held. If it breaks, there isn’t much support until 0.7040.

Oil prices continue to sizzle but Saturday’s Iran meetings are a big risk
WTI crude oil rose 61-cents to $70.91 today and finished the week up 1.8% after a minor stumble on Monday.

Rising UK cases lead to delay reopening
The UK has reported 7200 cases in each of the past two days — the highest since February.
A reopening delay has been speculated on for the past two weeks and now there are multiple that it will be pushed back until July 19.

Forex news from the European trading session – 11 June 2021
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities higher; S&P 500 futures up 0.2%