German ZEW Economic Sentiment ticked up from 47.1 to 47.5 in June, below expectation of 50.0. Current Situation Index fell from -72.3 to -73.8, below expectation of -69.0. Eurozone ZEW Economic Sentiment rose from 47.0 to 51.3, above expectation of 47.2. Current Situation Index was unchanged at -38.6. ZEW President Professor Achim Wambach said: “Both […]
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The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish Read more…
In a speech today, Bank of England Chief Economist Huw Pill urged “caution in” reducing monetary policy restrictions, emphasizing the need for a “gradual” approach to rate cuts. Pill highlighted that his “modal outlook” aligns Read more…
AUDUSD may find support at 0.6800 Stochastic and RSI suggest more declines AUDUSD has found strong resistance at the 20-month high of 0.6940 and is retreating towards the immediate 20-day simple moving average at 0.6800. Read more…