At 5.00 am ET Monday, Eurostat publishes euro area industrial production data for July. Economists forecast production to grow 4 percent on month, slower than the 9.1 percent rise in June.
Ahead of the data, the euro traded mixed against its major rivals. While the euro held steady against the yen,
Gold is 0.55% higher this week after a very mixed August.
Leading into next week there is a chart pattern to look out for.
Gold fundamental backdrop - Wait and see mode
Over the last week, we have seen the US government has still not put together a fiscal stimulus pattern. This was slightly oversha
The Jackson Hole symposium will be a subdued affair … no all night drinking sessions amongst the various central bank heads, unless they do so via Zoom!
OK, back the headline, some thoughts on where to for the US dollar via Credit Agricole (For bank trade ideas, check out eFX Plus):
"The 27-28 Aug
WTI stays struggles to extend the run-up past-100-bar SMA inside an eight-day-old triangle.
Normal RSI conditions, sustained trading above the key SMA keeps buyers hopeful.
Sellers may aim for $40.60/55 on the confirmed downside.
WTI eases from intraday top of $42.69 to $42.51, still up 0.06% on a
Photo: Finance Magnates
Invast Securities Co., Ltd has published business metrics for the month of July this Thursday. Unsurprisingly, the online securities brokerage reported a drop across its two main metrics – operating revenue and total amount of deposited margin.
In particular, operating reve
FX industry veteran Simon Wilson-Taylor has parted ways with CME-owned trading platform EBS, ending nearly five-year tenure with the FX business of the US futures exchange.
Simon had been Head of EBS Institutional since 2015. He joined the company after EBS BrokerTec acquired the
Analysts at Deutsche Bank think the Federal Reserve's balance sheet may expand to over $20 trillion in less than a decade as the central bank may need to add up to $12 trillion to reach what is equivalent to a shadow Fed Funds rate of -5%, as noted by popular analyst Holger Zschaepitz.
Nothing seems to be standing in the way of Gold right now. The aggravation of relations between China and the United States is causing traction in protective assets, thus the yen and the franc are growing. Shares in Shanghai and Hong Kong are now under considerable pressure. On Friday, stocks of Ame
The Securities and Exchange Commission (SEC) recently announced that UBS Financial Services Inc. has agreed to pay more than $10 million to resolve charges regarding certain municipal bond offerings.
UBS has agreed to pay the fine after the SEC charged the financial company with c
USD/CNH remains pressured near the lowest since March 12.
China’s CPI recovers in June but PPI remains stuck into the deflationary area.
Sustained trading below a two-month-old support line keeps the bears hopeful.
61.8% Fibonacci retracement can offer a pullback amid oversold RSI.
The International Monetary Fund on Wednesday forecast a deeper recession for this year and a slower and uncertain recovery for next year after the coronavirus, or Covid-19, pandemic plunged the global economy into a crisis like no other.
The global economy is set to shrink 4.9 percent this year, whi
Indian shares are seen opening lower on Thursday as the total number of confirmed positive coronavirus cases in the country surged to 52,987. The death toll stands at 1,770.
The global tally of coronavirus infections currently stands at 3,819,312, and 264,815 people have succumbed to the infection s
While speaking in parliament on Thursday, Japanese Prime Minister (PM) Shinzo Abe said the government would consult experts to decide whether to extend the state of emergency beyond May 6.
Abe also said: the situation surrounding the coronavirus epidemic continued to be “severe”.
This comes after t