{"id":12596,"date":"2024-06-17T09:02:13","date_gmt":"2024-06-17T08:02:13","guid":{"rendered":"https:\/\/cambridgecurrencies.com\/?p=12596"},"modified":"2024-06-23T17:13:13","modified_gmt":"2024-06-23T16:13:13","slug":"chinese-retail-sales-ecb-speech-and-gbp-eur-turbulence","status":"publish","type":"post","link":"https:\/\/cambridgecurrencies.com\/chinese-retail-sales-ecb-speech-and-gbp-eur-turbulence\/","title":{"rendered":"Chinese Retail Sales, ECB Speech, and GBP\/EUR Turbulence"},"content":{"rendered":"\n
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Chinese Retail Sales, ECB Speech, and GBP\/EUR Turbulence<\/h1>\n\n\n\n

At 2:00 AM, Chinese Retail Sales<\/strong> came out at 3.7%<\/strong> YoY for the month of May, well above the consensus expectation of 3% and above April’s reading at 2.3%. However, compared to last month, this just represents a 0.2% gain, setting a more cautiously optimistic view.<\/p>\n\n\n\n

Speech<\/strong> by the President Christine Lagarde<\/strong>, will kick off at 10.00 AM. Investors and analysts will pay attention to trying to parse her comments for clues regarding possible monetary policy.<\/p>\n\n\n\n

Last Friday, the GBP\/EUR<\/strong> showed volatility<\/strong>, largely due to political uncertainties. French President Emmanuel Macron’s decision to suddenly call national elections<\/strong> poured fresh volatility into markets. The jitters were especially reflected in French stocks and bonds amid fears of a Liz Truss-style<\/strong> market panic. Le Maire further cautioned that a new alliance of left-wing parties<\/strong> could lead to an “economic collapse<\/strong>” if they gained power.<\/p>\n\n\n\n

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The GBP\/USD<\/strong> pair is slightly down today and trading at 1.2675<\/strong>. All eyes on tomorrow’s US retail sales<\/strong> data that may further influence the pair.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Chinese Retail Sales, ECB Speech, and GBP\/EUR Turbulence At 2:00 AM, Chinese Retail Sales came out at 3.7% YoY for the month of May, well above the consensus expectation of 3% and above April’s reading at 2.3%. However, compared to last month, this just represents a 0.2% gain, setting a more cautiously optimistic view. Speech […]<\/p>\n","protected":false},"author":244711593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[97],"tags":[50518713,50518642,50518600,50518711,50518704,50518714,50518718,50518608,50518597,50518612,50518645,50518717,50518712,50518709,50518635,50518644,50518620,50518716,50518710,50518715],"class_list":["post-12596","post","type-post","status-publish","format-standard","hentry","category-market-insight","tag-christinelagardfe","tag-currencytrading","tag-ecbspeech","tag-economicnews","tag-economicoutlook","tag-economictrends","tag-finacialmarketds","tag-finacialnews","tag-forex","tag-forexanalysis","tag-forexmarket","tag-forexupdates","tag-frenchelections","tag-gbpeur","tag-globaleconomy","tag-investment","tag-marketupdate","tag-marketvolatility","tag-politicaluncertainty","tag-tradingstraegies"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfpkhv-3ha","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/12596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/users\/244711593"}],"replies":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/comments?post=12596"}],"version-history":[{"count":5,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/12596\/revisions"}],"predecessor-version":[{"id":13362,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/12596\/revisions\/13362"}],"wp:attachment":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/media?parent=12596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/categories?post=12596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/tags?post=12596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}