Eurozone May trade balance data just out 14 July

  • EUR 18.6bln prev revised down from 19.6bln
  • NSA EUR 21.4bln vs 17.9bln prev
  • exports mm adj +2.1%
  • imports mm adj +1.6%

EURUSD and EUR pairs in general has been trending higher since 1.0600 in April so we'll not be expecting any better results in the June reading.

Meanwhile EURUSD holding around 1.1415 but EURGBP dipping into 0.8800 again and pushing GBPUSD back up through 1.2960

EZ Trade Balance SA