Analytics, News, and Forecasts for CFD Markets: currency news — 21-06-2017.

(pare/closed(GMT +2)/change, %)

EUR/USD $1,1167 +0,30%

GBP/USD $1,2673 +0,39%

USD/CHF Chf0,9722 -0,26%

USD/JPY Y111,41 -0,03%

EUR/JPY Y124,42 +0,27%

GBP/JPY Y141,19 +0,37%

AUD/USD $0,7552 -0,33%

NZD/USD $0,7242 +0,07%

USD/CAD C$1,3325 +0,45%

06:00 Switzerland Trade Balance May 1.97 2.44

08:00 Eurozone ECB Economic Bulletin

10:00 United Kingdom CBI industrial order books balance June 9 7

12:30 Canada Retail Sales, m/m April 0.7% 0.2%

12:30 Canada Retail Sales YoY April 6.9%

12:30 Canada Retail Sales ex Autos, m/m April -0.2% 0.7%

12:30 U.S. Continuing Jobless Claims 1935 1928

12:30 U.S. Initial Jobless Claims 237 240

13:00 U.S. Housing Price Index, m/m April 0.6% 0.4%

14:00 Eurozone Consumer Confidence (Preliminary) June -3.3 -3

14:00 U.S. Leading Indicators May 0.3% 0.4%

14:00 U.S. FOMC Member Jerome Powell Speaks

18:00 United Kingdom MPC Member Forbes Speaks

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. At 509.1 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.

Total motor gasoline inventories decreased by 0.6 million barrels last week, but are above the upper limit of the average range. Finished gasoline inventories decreased while blending components inventories increased last week.

Distillate fuel inventories increased by 1.1 million barrels last week and are above the upper limit of the average range for this time of year. Propane/propylene inventories increased by 1.8 million barrels last week but are in the lower half of the average range. Total commercial petroleum inventories decreased by 1.9 million barrels last week.

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors. All major regions except for the Midwest saw an increase in sales last month.

Total existing-home sales,, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 1.1 percent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April. Last month's sales pace is 2.7 percent above a year ago and is the third highest over the past year

EURUSD: 1.1100 (760m) 1.1140-50 (1.1bln) 1.1180 (710m) 1.1200-10 (1.9bln) 1.1280 (560m) 1.1300 (540m)

USDJPY: 110.30 (USD 250m) 110.50 (500m) 111.25-305 (1.2bln) 111.50 (200m) 112.00 (345m) 113.00 (270m)

EURGBP: 0.8745-50 (EUR 360m)

AUDUSD: 0.7440-50 (AUD 360m) 0.7475 (285m) 0.7500 (255m) 0.7600 (255m) 0.7635-45 (785m)

USDCAD: 1.3300 (USD 180m)

NZDUSD: 0.7125 (NZD 421m) 0.7150 (520m) 0.7300 (236m)

• Isolation, protectionism never right answers, confident for pragmatic solutions at G20

EUR/USD

Offers: 1.1140-1.1150 1.1165 1.1180 1.1200 1.1230 1.1250

Bids: 1.1120 1.1100 1.1080 1.1050 1.1030 1.1000

GBP/USD

Offers: 1.2760 1.2780 1.2830 1.2850 1.2880 1.2900

Bids: 1.2680 1.2650 1.2630 1.2600-10

EUR/JPY

Offers: 124.20 124.50 124.80 125.00

Bids: 123.50 123.00 122.80 122.50 122.00

EUR/GBP

Offers: 0.8850-55 0.8885 0.8900 0.8930 0.8950

Bids: 0.8820 0.8800 0.8780 0.8750 0.8720 0.8700

USD/JPY

Offers: 111.35 111.50 111.65 111.80 112.00 112.30 112.50

Bids: 111.00 110.80 110.50 110.30 110.00

AUD/USD

Offers: 0.7580 0.7600 0.7620 0.7635 0.7650

Bids: 0.7550 0.7520 0.7500 0.7480 0.7450

Public sector net borrowing (excluding public sector banks) decreased by £0.1 billion to £16.1 billion in the current financial year-to-date (April 2017 to May 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2008.

The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £58.3 billion during the financial year ending March 2018.

Public sector net borrowing (excluding public sector banks) decreased by £0.3 billion to £6.7 billion in May 2017, compared with May 2016; this is the lowest May borrowing since 2007.

Public sector net debt (excluding public sector banks) was £1,737.3 billion at the end of May 2017, equivalent to 86.5% of gross domestic product (GDP); an increase of £121.6 billion (or 2.9 percentage points as a ratio of GDP) on May 2016.

Central government net cash requirement decreased by £14.3 billion; from £7.4 billion (deficit), to a surplus of £6.9 billion in the current financial year-to-date (April 2017 to May 2017), compared with the same period in 2016; this is the lowest year-to-date central government net cash requirement since 2000.

• Global growth risks have diminished but remain tilted to the downside

• 12 pct of cspp bonds have been bought at negative yields but above depo rate

• Chinese vulnerabilities over medium term remain elevated

• 55 pct of corp bonds purchased so far are german or french

EURUSD: 1.1100 (760m) 1.1140-50 (1.1bln) 1.1180 (710m) 1.1200-10 (1.9bln) 1.1280 (560m) 1.1300 (540m)

USDJPY: 110.30 (USD 250m) 110.50 (500m) 111.25-305 (1.2bln) 111.50 (200m) 112.00 (345m) 113.00 (270m)

EURGBP: 0.8745-50 (EUR 360m)

AUDUSD: 0.7440-50 (AUD 360m) 0.7475 (285m) 0.7500 (255m) 0.7600 (255m) 0.7635-45 (785m)

USDCAD: 1.3300 (USD 180m)

NZDUSD: 0.7125 (NZD 421m) 0.7150 (520m) 0.7300 (236m)

• Japan's economy is on firmer footing, output and exports are rising

• Expect consumer price gains to pick up pace

• Still need to closely monitor consumer price trend

• Members agreed such fluctuations cause no problem for the BoJ's market operations guidance

• Members agreed inflation expectations remain weak

• One member said JGB purchases cannot be maintained next year unless boj starts reducing purchases now

• Members agreed that gains in industrial production will continue

• One member said consumer spending is starting to rise in line with gains in incomes

• Members agreed there is high chance exports will continue to show solid gains

• 48 pct of Japan firms plan to expand domestic capex over next 3 years, 46 pct to keep it at current rates

• 40 pct of Japan firms say domestic demand is biggest headache over next 3 years, 34 pct say labour shortage is main concern

• Saudi Arabia extends Eid al-Fitr religious holiday by a week

EUR/USD

Resistance levels (open interest**, contracts)

$1.1348 (1886)

$1.1267 (2546)

$1.1193 (4320)

Price at time of writing this review: $1.1131

Support levels (open interest**, contracts):

$1.1074 (876)

$1.0991 (981)

$1.0902 (657)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date July, 7 is 69772 contracts (according to data from June, 20) with the maximum number of contracts with strike price $1,1100 (7825);

GBP/USD

Resistance levels (open interest**, contracts)

$1.2834 (2392)

$1.2770 (1105)

$1.2725 (254)

Price at time of writing this review: $1.2617

Support levels (open interest**, contracts):

$1.2539 (1337)

$1.2467 (1757)

$1.2383 (1442)

Comments:

- Overall open interest on the CALL options with the expiration date July, 7 is 28950 contracts, with the maximum number of contracts with strike price $1,2800 (2392);

- Overall open interest on the PUT options with the expiration date July, 7 is 27697 contracts, with the maximum number of contracts with strike price $1,2700 (2883);

- The ratio of PUT/CALL was 0.96 versus 0.97 from the previous trading day according to data from June, 20

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.