EURJPY’s recent positive legs from the 135.00 handle are now struggling to overcome the early May highs, which are being reinforced by the upper Bollinger band overhead. Despite the waning in positive forces, the advancing Read more…
Eurozone CPI accelerated further from 7.4% yoy to 8.1% yoy in May, another record and above expectation of 7.7% yoy. CPI core also rose from 3.5% yoy to 3.8% yoy, above expectation of 3.5% yoy. Read more…
The euro continued rallying ahead of key economic data from the euro area. Eurostat will publish the flash consumer inflation data from the bloc. Analysts expect the data to show that the headline CPI rose Read more…
ECB Governing Council member Francois Villeroy de Galhau said today, “the latest inflation figures for May, in France and in the other countries, confirm the rise that we expected, and the necessity of a gradual Read more…
Bitcoin jumped 7% on Monday, ending the day at around $31.2K. On Tuesday morning, positive momentum persisted, with the rate climbing above $32.0K, a 20-day high. Ethereum added 8.2%, while other top-ten altcoins gained between Read more…
Swiss GDP grew 0.5% qoq in Q1, above expectation of 0.3% qoq. Recovery was driven largely by the industrial sector, with manufacturing up 1.7%. This was accompanied by 1.4% rise in goods exports. But overall Read more…
France GDP contracted -0.2% qoq in Q1, revised down from 0.0% qoq. The contraction was linked to weakness of household consumption (-1.5%). General government’s consumption expenditure rose 0.2%. Total gross fixed capital formation rose 0.6%. Read more…
EUR/USD The bulls managed to breach the resistance at 1.0738, and during the early hours of today`s trading session, the pair is trading above the mentioned zone. A confirmation of the breach could lead to Read more…
Markets Surprisingly high and accelerating inflation in Belgium, Spain and Germany defined an exclusively European trading session yesterday (US closed for Memorial Day). European/German yields were already headed north at the open in an attempt Read more…
Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the Memorial Day holiday in the US. Nevertheless, there is a sense of caution in the Read more…