Forex news from the European trading session – 20 May 2021
Headlines:
Markets:
– CHF leads, USD lags on the day
– European equities higher; S&P 500 futures down 0.2%

Will dip buyers step back in once again later today?
European indices are slightly higher but that owes more to a catchup in the late bounce to US stocks yesterday rather than any positive sentiment.

Latest data released by CBI – 20 May 2021
– -8
– Trends selling prices 38
– Prior 27
UK factory orders jump to their highest since December 2017 as the reopening continues to fuel stronger economic prospects in Q2. That said, businesses continue to fear supply chain bottlenecks and that is leading to strong input/output price inflation.

Remarks by ECB chief economist, Philip Lane
He’s not entirely wrong in that regard but complacency also breeds contempt, that’s always important to remember. When it comes to rising input cost inflation, the simplest explanation may also be the best one (Occam’s razor).

Remarks by BOE policymaker, Jon Cunliffe

Latest data from the Mortgage Bankers Association for the week ending 14 May 2021
Overall, housing market conditions have met a bit of moderation after having run hot last year as evident with the trend in purchasing activity over the past few months.

Bitcoin bounced from $38,500 to $40,500 but has fallen back to $39,000
From a technical perspective, this is a very slippery slope for Bitcoin if the drop today breaks below both the $40,000 mark and its 200-day moving average. If sellers can manage that, a push towards $30,000 isn’t out of the picture next.

Forex news from the European trading session – 18 May 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities a little higher; S&P 500 futures up 0.2%

According to a French health ministry official
That is the highest level since the vaccination campaign began. As of 16 May, roughly 30% (20.3 million) of the French population has at least received one dose of the vaccine with around 13.4% (8.9 million) of the population being fully vaccinated.

GBP/USD climbs to a high of 1.4219, targets the February high at 1.4241
The dollar continues to wilt across the board as the technical plays extend across multiple pairs at the moment. Of note, EUR/USD is looking to hold a break above 1.2200 and GBP/USD as seen above, is starting to look towards the highs for