EUR/USD quickly moves above the 1.1100 mark. German Economic Sentiment improves to 26.7 in January. Attention now shifts to Trumpโs speech in Davos. A sudden boost of buying interest pushed [...]
EUR/USD advances to 2-week highs in the 1.1070 region EUR/USD gains an extra pace of around 1.1070 on Monday. The greenback remains on the defensive below 98.00. ECBโs Lagarde, advanced PMIs next [...]
Gold slides to 3-day low, around $1460 region Renewed US-China trade optimism weighed on the commodityโs safe-haven status. A sudden pickup in the US bond yields further collaborated to the [...]
USD/CAD reverses an early dip, back near mid-1.3200s Rallying US bond yields underpinned the USD and helped bounce off lows. A pullback in oil prices weighed on the Loonie and remained [...]
Germany: Economy avoided a technical recession โ Deutsche Bank Deutsche Bank analysts note thatย the German economy avoided a technical recession in Q3, with an unexpectedly positive +0.1% GDP [...]
UK retail sales drop 0.1% MoM in October vs. +0.2% expected, GBP eases from tops The UK retail sales declined by 0.1% MoM in October. The core retail sales fell 0.3% MoM during the reported [...]
China: Growth underwhelms expectations on seasonal effects โ Standard Chartered Analysts at Standard Chartered points out that Chinaโs October growth data underwhelmed market expectations with [...]
German economy ministry: Growth remains weak in Q3 and indicators do not signal a recovery Following the release of the Q3 GDP report, the German economy ministry was out with some comments in [...]
Gold and Crude Oil: WTI stays weak near $56.00 Prices of WTI recede further and challenge the $56.00 mark. The API will publish its report later today. US CPI, Powell, trade drive global [...]
Selling pressure looks alleviated in GBP/USD โ UOB In the opinion of FX Strategists at UOB Group, Cableโs downside looks mitigated and it should trade within a sideline theme instead in the next [...]