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German ZEW and US confidence gauge in the spotlight today – Danske Bank

FXStreet (Edinburgh) - According to Pernille Nielsen, Chief Analyst at Danske Bank, just a couple of data releases will grab investors’ attention today.

Key Quotes

“We have a relatively light data calendar today”.

“In Europe the most interesting release is the German ZEW business sentiment indicator for August”.

“We expect both current conditions and the expectations component to have declined further, underscoring that the German export engine has lost some steam recently”.

“In the US the Small Business Confidence for July also deserves some attention”.

“Although it declined slightly in June, it remains strong with more and more companies reporting that they intend to increase prices and have difficulties filling vacancies”.

Rob Booker: Neutral GBP/USD; Short USD/MXN - FXStreet

In an interview with Dale Pinkert at FXStreet’s Live Analysis Room, Globetrotter, author and independent trader Rob Booker talks about his current his preferred trades.
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EUR/GBP caution prevails – Commerzbank

In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent price action seen in the cross prompts some cautious trading....
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