Slovenia trade surplus reached its highest level in nearly three years, figures from the statistical office showed Wednesday. The trade surplus was EUR 200.5 million in July. This was the highest since September 2017 and the second highest in past ten years. The decrease in value of trade with EU

Germany's producer prices declined for the sixth straight month in July, Destatis reported Thursday. Producer prices declined 1.7 percent year-on-year in July, slightly slower than the 1.8 percent decrease seen in June. Prices have been falling since February. Economists had forecast prices to fall

GBP/USD extends recovery gains from 1.3020 while snapping a two-day losing streak. Bearish MACD, one-week-old faling trend line doubts the pair’s further upside. 21-day EMA, a six-week-old support line add to the downside support. GBP/USD recovers from 10-day EMA while trading near 1.3057, up 0.18%

AUD - Australian Dollar The Australian dollar finished higher on the day, buoyed by improvements in risk appetite and a broad-based USD sell off. The AUD was dragged back through 0.7150 as US equities signaled a firm shift back to risk, posting near record highs while downward pressure on real term

At 5.00 am ET Tuesday, Germany's ZEW economic sentiment survey results have been released. After the data, the euro changed little against its major counterparts. The euro was trading at 1.1775 against the greenback, 124.93 against the yen, 1.0765 against the franc and 0.8995 against the pound aroun

The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had gathered more than 230 points or 0.9 percent. The Hang Seng Index now rests just beneath the 25,090-point plateau and it's pr

GBP/USD extends recovery moves from 50% Fibonacci retracement. 200-day EMA becomes the key resistance, 21-day EMA restricts immediate downside. Bulls likely to cheer an upside break of important EMA amid normal RSI conditions. GBP/USD takes the bids near 1.2516, up 0.19% on a day, during the initia

Citing sources with the knowledge of the matter, Politico reports that the European Council President Charles Michel is expected to present the long-term European Union (EU) budget negotiating box to governments ‘in the second half of next week’. On Monday, German Chancellor Angela Merkel said that

The GBP/USD has formed a bearish pattern below the channel and we could see downward continuation. The fear of further Corona Virus outbreak is spreading through Forex and Equity markets. Currencies had a rollercoaster last week with very slow and range bound conditions. The GBP/USD has formed 1-2-3

The dollar majors have been lacking direction amid a backdrop of global stock markets that have lost upside momentum. Most dollar pairings and cross rates have so far remained comfortably within their respective Tuesday ranges. Stock markets in Asia-Pacific flagged, and while S&P 500 futures wer

AUD/USD slides as White House advisor announce the termination of a trade deal with China.  Investors shun risk, sending the futures on the S&P 500 down by 1%.  The Aussie dollar and other risk assets are falling fast in response to comments by White House advisor Peter Navarro that the trade d

My creative issues about what to write today were solved instantly a short time ago. On Fox News, White House Trade Advisor, Peter Navarro, stated that President Trump has decided to terminate the US-China trade deal, due to dishonesty by China over the COVID-19 virus. The plot gets thicker from her

The Malaysia stock market bounced higher again on Wednesday, one session after it had ended the seven-day winning streak in which it had spiked more than 70 points or 5.3 percent. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau and it may add to its winnings on Thursday

Photo: Finance Magnates JP Morgan Chase, in a recent report, warned against the negative impact of central bank digital currencies (CBDC) on the dominance of the US dollar in the world economy, Bloomberg reported on Friday. The Chinese central bank has already put its digital yuan into trial while