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German Retail Sales rise 4.9% YoY in June vs. 1.6% previous
Retail Sales in Germany rose 1.0% month-over-month (MoM) in June, following the revised 1.6% decline reported in May, according to official data released by Destatis on Wednesday. The market forecast was for a 0.5% increase. On an annual basis, Retail Sales rose 4.9% in June vs. May’s 1.6% revision.
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EUR/USD bulls take a back seat
EURUSD uptrend shows cracks; bears push for a lower low. Technical signals point to further weakness; close below 1.1550 needed. EURUSD drifted lower on Monday as investors reacted to the US-EU trade deal and growing concerns that the agreement may be less beneficial for the Eurozone economy. The sh
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GBP/USD: Chance of rising to 1.3575 – UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3475 and 1.3535 against US Dollar (USD). In the longer run, a clear break above 1.3535 would indicate that GBP could rise to 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Above 1.3535, GBP can rise to 1.3575 24-HOUR VIEW:
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President Trump announced Japan trade deal with 15% tariff on US imports, including key auto sector
Markets In a session devoid of key data markets yesterday kept a cautious bias awaiting news from trade talks between the US and its major trading partners ahead of the August 1 deadline. Recent indications suggested that the ‘final’ tariff level from those negotiations might be higher than the 10%
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German Chancellor Merz signals resistance to EU taxation plans
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent. Key highlights (The EU) needs to discuss the size of the future budg
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AUD/USD outlook: Australian Dollar came under increased pressure from weak labor data
AUD/USD Australian dollar fell almost 1% against its US counterpart during Asian / early European session on Thursday, deflated by disappointing labor data. Australian unemployment jumped unexpectedly in June, hitting the highest in 3 ½ years, while employment rose marginally, contributing to negati
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AUD/USD dives to three-week lows near 0.6560 after weak Australian employment data
The Aussie Dollar plunged against the USD on Thursday as Australian unemployment grew to five-year highs.Market concerns about the uncertain global trade outlook are adding weight to the Aussie.Later today, the US Retail Sales and Jobless Claims figures will provide further clues on the economic imp
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Gold is trapped in consolidation within a bullish triangle
We talked about a correction on gold already back in May, when we spotted a strong support within a three-wave corrective decline within higher degree wave 4, which can resume the bullish trend for wave 5. CLICK HERE It appears that big bull run is still here and that current pause is just temporary
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GBP/USD grapples with recovery ahead of quiet end to the week
GBP/USD pumped the brakes on a near-term bearish turnaround.US NFP numbers cooled market fears after thumping forecasts.US holiday Friday will make for a quiet end to a bumpy week. GBP/USD churned away near the low-end of a near-term decline on Thursday, bolstered by selling pressure forcing the US
