Russia’s Gazprom announced that it will slow flows on its Nord Stream 1 pipeline and that they will halt another turbine in the pipeline to Germany, which will reduce the flow to just 20% of capacity (currently at 40%) from July 27. This can cause plenty of issues in Europe so stocks turned down recently […]
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Markets “I would warn against moving too far, that is into accommodative”. ECB Executive Board member Schnabel broke ranks with the dovish current inside the central bank in place since this summer. Given the inflation Read more…
The second estimate of third quarter real GDP growth was unchanged at 2.8% quarter-over-quarter (annualized) – in line with the consensus forecast. Looking under the hood, consumer spending was revised down to 3.5% (from the Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD’s recovery extends higher today but stays below 1.0609 resistance. Intraday bias remains neutral and further decline is still in favor. On the downside, break of Read more…