China’s factory-gate inflation, as measured by PPI, marked its ninth consecutive decline in June, slumping by -5.4% yoy. This drop is the steepest since December 2015 and outstripped -4.6% yoy in May, a well as expectation of -5.0 yoy. PPI fell -0.8% on a month-on-month basis in June, slightly less than the -0.9% mom fall […]
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Daily Pivots: (S1) 1.0498; (P) 1.0543; (R1) 1.0612; More… EUR/USD is staying in range of 1.0330/0609 for now. Intraday bias remains neutral and further decline is in favor. On the downside, break of 1.0330 will Read more…
Daily Pivots: (S1) 1.2600; (P) 1.2647; (R1) 1.2728; More… GBP/USD is staying in range of 1.2486/2713. Intraday bias remains neutral and further decline is in favor. On the downside, break of 1.2486 will resume the Read more…
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