EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or

German/ Eurozone flash PMIs Overview Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currency and the related markets as well. The flash manufacturing PMI for Germany, due at 0730 GMT, is seen improving fu

Initial claims predicted to be unchanged at 1.3 million. Continuing claims expected to drop to 17.067 million from 17.338 million. Improvement in initial claims has stalled at more than 1 million a week. Dollar fades on US economic concerns, European stimulus. The three month receding trend in unem

French Finance Minister Bruno Le Maire was on the wires in the last minutes, via Reuters, expressing his content on reaching a good European Union (EU) Recovery Fund deal. Key quotes “EU Summit deal is a good deal.” “EU Summit deal marks the birth of a new Europe. “ “EU Summit deal will result in a

NZD/USD extends recoveries from 0.6570 to re-try breaking June month top for the third time in a week. New Zealand’s ANZ Truckometer data suggest overall traffic is nearly back to year-ago levels. Bulls cheer broad rally in Antipodeans amid greenback weakness and a surge in commodities. China’s June

Market Review - 18/06/2020 00:00GMT   Dollar and Japanese yen end broadly higher on safe-haven buying The greenback pared intra-day losses made in Asia and European morning and ended the day higher against its major peers in New York along with the Japanese yen on Wednesday on safe-haven buying due