Eurozone industrial production grew at a slightly faster than expected pace in July, as the economy attempts to sustain its recovery from the slump caused by the coronavirus, or Covid-19, pandemic. Industrial production rose 4.1 percent from June, when it grew 9.5 percent, which was revised from 9.
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Industrial production in Japan was up a seasonally adjusted 8.0 percent on month in July, the Ministry of Economy, Trade and Industry said on Monday.
That beat forecasts for a gain of 5.8 percent and was up from 1.9 percent in June.
On a yearly basis, industrial production sank 16.1 percent - missin
The dollar index has recovered to 93.00 on the Fed's skepticism of yield curve control.
Daily and weekly charts show signs of seller exhaustion.
Dollar index, which tracks the value of the greenback against majors, is trading above 93.00 at press time, having put in a low of 92.13 earlier this wee
The Dollar was modestly higher in N.Y. trade on Tuesday, taking the DXY from opening lows of 93.18 to a high of 93.53. Warmer than expected July PPI provided support to the USD, as did the resultant rise in Treasury yields. EUR-USD eased from 1.1807 highs to a low of 1.1757, ass USD-JPY topped at 10
Here is what you need to know for Friday the 10th July:
The US dollar outperformed with relentlessly rising US COVID cases worrying investors to the point where the US benchmarks were mostly lower by the close of play.
Election-year political uncertainty is also biting with the Supreme Court ruling
European stocks may open lower on Wednesday as investors fret about fresh spike in coronavirus infections around the world.
The overall number of global Covid-19 cases has increased to more than 11.7 million, while the deaths have soared to over 543,000, according to the Johns Hopkins University.
GBP/USD stays positive near the highest levels in three weeks.
A clear break above 61.8% Fibonacci retracement favors further upside.
Optimists can eye June month high above the key EMA, Friday’s bottom could regain market attention under 1.2515.
GBP/USD takes the bids near 1.2565 amid the initial
Following a US holiday on Friday, Asia has shrugged off the Covid-19 clouds that dominated the weekend press and is basking in a positive start to the week. Asian equity markets have made a strong start, with the US Dollar easing lower across the board.
Financial markets have long shown a herd immun
in the shorter term, the price action of late has seen prices fall out of a rising wedge formation which in its self is bearish, as described in the following article from the New York session on Tuesday:
Gold Price Analysis: XAU/USD remains vulnerable to downside extension
The article notes how t
EUR/USD witness some follow-through selling for the second straight session on Thursday.
The risk-off mood benefitted the safe-haven USD and continued exerting some pressure.
Signs of stability in equity markets helped limit further losses, at least for the time being.
The EUR/USD pair added to the
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Market Review - 04/06/2020 00:05GMT
Dollar continues recent winning streak on improved risk appetite The greenback continued its recent decline and fell to a near 3-month low against majority of its peers except the safe-haven yen due to continued market optimism that several economies may have s
AUDCAD bounced off ascending support line | 2 June 2020
Price is facing bullish pressure from our ascending support line in line with our 38.2% fibonacci retracement , horizontal pullback support and 100% fibonacci extension where we remain bullish above this level and could see a further