The Euro extends fresh bear-leg after ending a brief consolidation and hit two-month low in European session on Thursday. Rising dollar on expectations that the Fed would remain in a hawkish mode and debt ceiling uncertainty, keep the single currency under pressure, while signals that German economy was in recession in the first quarter of […]
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China’s trade surplus widened to USD 103.2B in May, exceeding expectations of USD 101.3, even as headline export and import figures undershot forecasts. Exports rose 4.8% yoy, just shy of the 5.0% yoy consensus. Imports Read more…
Key Highlights EUR/USD corrected some gains from the 1.1500 resistance zone. A connecting bullish trend line is forming with support at 1.1330 on the 4-hour chart. GBP/USD tested the 1.3600 resistance and corrected some gains. Read more…
There are several economic reports worth looking at this week, but pay closer attention to two economic events. One will come from London. The other comes Friday from Michigan. 🔥Get $100 off TheStreet Pro — our Read more…