Eurozone PPI rose 1.1% mom, 35.8% yoy in June, versus expectation of 1.0% mom, 35.7% yoy. For the month, Industrial producer prices increased by 2.7% mom in the energy sector, by 0.7% mom for durable Read more…
Risk assets are attempting to shake off the recent spike in US-China tensions, with Asian stocks and US futures looking to have found a more solid footing after a wobbly start to August. As if Read more…
Ahead of tomorrow’s BOE interest rate decision, a somewhat unique and interesting situation has cropped up. Most relevant for us traders is that it could mean there will be a strong reaction in the pound Read more…
Stocks slowed down a bit this week after US House of Representatives Speaker Nancy Pelosi has landed in Taiwan, becoming the most senior US politician to visit the country in 25 years. There is some Read more…
UK PMI Services was finalized at 52.6 in July, down from June’s 54.3, worst reading in 17 months. PMI Composite was finalized at 52.1, down from 53.7 in June, the lowest rate of expectation since Read more…
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USDJPY turned green after its latest sharp bearish wave paused at an almost two-month low of 130.38 on Tuesday, with the price quickly recouping Monday’s losses in the aftermath. While the RSI and the Stochastic Read more…
Eurozone PMI Services was finalized at 51.2 in July, down from 53.0 in June. That’s the lowest level in 6 months. PMI Composite was finalized at 49.9, down from 52.0 in June, a 17-month low. Read more…
Swiss CPI was unchanged at 3.4% yoy in July, below expectation of 3.6% yoy. Core CPI rose from 1.9% yoy to 2.0% yoy. Domestic products inflation rose from 1.7% yoy to 1.8% yoy. Imported products Read more…
NZDUSD has been in a prolonged downtrend since March when it peaked at the 0.7032 region. Although the price has managed to regain some lost ground after its downfall ceased at the 26-month low of 0.6069, Read more…