French ECB Governing Council member Francois Villeroy de Galhau said in a conference today that ECB is now in a favorable “2 and 2 zone. That means, inflation is forecast at 2% this year, while deposit rate is also at 2%. Nevertheless, he warned that with current uncertainties, this zone “does not mean a comfortable […]
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Crude oil prices surged sharply following news that Israel had launched direct airstrikes against Iran, targeting its nuclear and ballistic missile infrastructure. WTI crude is now trading more than 30% above its April low of Read more…
New Zealand’s manufacturing sector slipped sharply back into contraction in May, with the BusinessNZ Performance of Manufacturing Index plunging from 53.3 to 47.5. The reading not only marks a decisive reversal from April’s expansion but Read more…
Key Highlights USD/JPY started a fresh decline below the 144.50 support level. It traded below a bullish trend line with support at 144.85 on the 4-hour chart. EUR/USD extended gains and traded above the 1.1550 Read more…