Quiet Day Ahead in Forex Markets

Markets will be slower today as we are heading into the 4th of July US holiday. In Europe we await the Switzerland June CPI figures due at 6:30GMT.  The Germany June construction PMI will be released at 7:30GMT while Eurozone May retail sales figures will add volatility to EURUSD due at 9:00GMT.

Earlier today the Australia Retail Sales for May came in at +0.1% m/m worst than analysts’ expectations of 0.2%. The AUDUSD is trading higher at 0.7033 despite the weak retail sales. The other major pairs are trading in narrow trading ranges and this hold for the rest of the day as US markets are closed.  Gold is holding the 1,400 mark while crude oil trades lower at $56.55 per barrel.Don’t miss a beat! Follow us on Twitter.