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Commodity Currencies

US Retail Sales on Watch

It was another muted session for the US dollar over the European morning on Wednesday. Markets await the first tier-one US data of the week later today. April Retail Sales are due today. The index is trading midway between the 97.10 and 97.68 levels at 97.32 last with price regaining some of its overnight losses.

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Weak Data Weighs on EUR

EURUSD has turned decisively lower today with price breaking down from the 1.1217 level. There has been a raft of weaker than expected data which has weighed on sentiment. German 1Q GDP was lower than expected along with QoQ Eurozone 1Q GDP. Both of which are once again ringing focus back to concerns over the health of the Eurozone economy.

May Announces Fourth & Final Brexit Vote

GBPUSD has been weaker today also with price remaining just above the 1.2895 structural support level. UK PM May announced that she will be holding her fourth and fina...

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