Eurozone unemployment rate fell from 6.5% to 6.4% in April, below expectation of 6.5%. EU unemployment rate was unchanged at 6.0%. Eurostat estimates that 13.149 million persons in the EU, of whom 10.998 million in Read more…
Eurozone Economic Sentiment Indicator ticked up from 95.6 to 96.0 in May, matched expectations. Employment Expectations Indicator fell -0.3 pts to 101.3. EU ESI rose 0.3 pts to 0.6.5. EU EEI fell -0.4 to 101.2. Read more…
The Euro is consolidating in early Thursday, following a sharp fall on Wednesday (the pair was down 0.5% in the biggest daily loss since Apr 30), driven by fresh risk aversion. Bears found a footstep Read more…
USDJPY in a recovery mode after pullback halts at 50-day SMA Momentum indicators are softening but remain in bullish zones USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities Read more…
As the EUR/USD chart today shows, yesterday the rate dropped by 0.46% – the most significant strengthening of the US dollar against the euro in one day this month. Moreover, the rate fell below the Read more…
In the final trading sessions of May, leading currencies have been in a downward trend against the dollar. For instance, the pound/dollar pair lost over 100 pips in a single day, euro sellers in the Read more…
WTI crude oil finds resistance at 200-day SMA Stochastics and RSI head south WTI crude oil futures with delivery in July have failed to surpass the 80.00 level once again and are currently returning below Read more…
Swiss KOF Economic Barometer fell from 101.9 to 100.3 in May, falling short of expectations of 102.2. This year, the barometer has managed to stay only slightly above its medium-term average. KOF noted, “Although the Read more…
Switzerland’s GDP, adjusted for sporting events, grew by 0.3% qoq in Q1, meeting expectations. The industrial sector’s overall value added stagnated. Manufacturing declined slightly by -0.2%, and chemical and pharmaceutical industries fell by -0.9%. Construction Read more…
Markets LT yields yesterday continued recent reacceleration. This tells at least as much on current market momentum as on the news that served as an explanation. Regional German May inflation published throughout the day were Read more…