Trading the Forex or Currency Markets today, we are turning our attention to EURNZD FX Pair. EURNZD pulled back to form support below 1.57006 but we are expecting the Bulls to come to party all the way to 1.6130. Wall Street Session rose Wednesday on Yellen’s dovish remarks. Fed Chair Yellen will continue her Testimony today. However, the main plays will be up tomorrow Friday, as we expect data from the US for the Core CPI (MoM) (June) and Retail Sales (MoM) (June). The leading indicators are pointing to a possible slowdown in Retail activity and it’s likely that CPI increased at a faster pace in June.
Potential Catalysts Today
Data Front
Jobless Claims (8:30 AM ET)
Producer Prices Index (8:30 AM ET)
EIA Natural Gas Report (10:30 AM ET)
30-Year Bond Auction (1:00 PM ET)
Central Bank Speak
Fed Chairwoman Janet Yellen Speaks (10:00 AM ET)
Chicago Fed’s Charles Evans Speaks (11:30 AM ET)
Fed Gov. Lael Brainard Speaks (1:00 PM ET)
Fed Balance Sheet (4:30 PM ET)
Money Supply (4:30 PM ET)
