Forex news from the European trading session – 14 June 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities a little higher; S&P 500 futures flat

More good news in the vaccine space

A look at what is on the board for today
Not a whole lot to take note of for today, only in EUR/USD as highlighted in .
bold
That should limit any upside along with the key hourly moving averages @ 1.2161-66 for the time being, as we count down to the FOMC meeting later in the week.

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.