The market’s most traded currency pair rose to the level of 1.0960 by Monday. EUR/USD strengthened due to the weakness of the US dollar. Investors were disappointed by the flow of statistical data from the Read more…
A further slowdown in China’s inflation is increasingly raising concerns about the Celestial Empire’s economic growth, which could be bad for the rest of the world. June data showed that CPI fell from 0.2% y/y Read more…
In a speech delivered today, Cleveland Fed President Loretta Mester expressed surprise at the resilience shown by the economy which, in her words, “has shown more underlying strength than anticipated earlier this year.” However, Mester Read more…
Daily Pivots: (S1) 141.42; (P) 142.81; (R1) 143.54; More… USD/JPY’s decline from 145.06 temporary top continues today and intraday bias stays on the downside for 140.90 resistance turned support. Firm break there will raise the Read more…
Daily Pivots: (S1) 1.2760; (P) 1.2805; (R1) 1.2883; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the downside, break of 1.2738 minor support will indicate that consolidation from 1.2847 is extending Read more…
The US CPI report for June will be keenly awaited on Wednesday (12:30 GMT) as investors remain undecided about the timing of the Fed’s next rate hike. The producer price index will follow on Thursday. Read more…
The US CPI report for June will be keenly awaited on Wednesday (12:30 GMT) as investors remain undecided about the timing of the Fed’s next rate hike. The producer price index will follow on Thursday. Read more…
The economic outlook for Eurozone dimmed as Sentix Investor Confidence Index suffered its third consecutive monthly fall, reaching an eight-month low in July. The index tumbled from -17 to -22.5, significantly underperforming market expectations of Read more…
The economic outlook for Eurozone dimmed as Sentix Investor Confidence Index suffered its third consecutive monthly fall, reaching an eight-month low in July. The index tumbled from -17 to -22.5, significantly underperforming market expectations of Read more…
The economic outlook for Eurozone dimmed as Sentix Investor Confidence Index suffered its third consecutive monthly fall, reaching an eight-month low in July. The index tumbled from -17 to -22.5, significantly underperforming market expectations of Read more…