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Update: US Equity Indexes Decline After July PCE Inflation Rate Rises
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first pa...
British Pound retreats as sticky PCE revives Fed hike bets
Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed...
Switzerland Real Retail Sales (YoY) came in at 1.5%, below expectations (3.2%) in June
Japanese Yen: Intervention and cautious BoJ stance – Commerzbank
Commerzbank’s Volkmar Baur reports that Japan’s Ministry of Finance intervened in FX markets, with apparent US Treasury support, to address a weak Japanese Yen as Tokyo inflation stabilises around 2% ...
Growth holds for Czechia and Hungary
Today, we take a closer look at yesterday’s Q2 GDP releases from Czechia and Hungary, both of which continued to outperform the EU average despite modest downside surprises relative to market consensu ...
EUR/GBP Price Forecast: Euro is testing trendline support at 0.8555
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Friday, as bears kept testing the base of the ascending trendline from mid-July highs, around 0.8555, following Thursday’s ...
United Kingdom Nationwide Housing Prices s.a (MoM) up to 0.1% in July from previous 0%
United Kingdom Nationwide Housing Prices n.s.a (YoY): 1.8% (July) vs previous 2.2%
Norway Credit Indicator declined to 4.4% in June from previous 4.5%
Norway Registered Unemployment n.s.a meets forecasts (2.1%) in July
WTI tests physical demand as growth expectations lose momentum
WTI begins Friday’s session with markets evaluating how slower economic momentum could propagate through transportation activity, industrial fuel consumption and physical crude balances.
GBP/USD Price Forecast: Weakens below 1.3450 while technical uptrend stays intact
The GBP/USD pair trades in negative territory around 1.3445 during the early European trading hours on Friday. Heightened Middle East tensions and rising global oil prices provide some support to a sa ...
Indian Rupee hits fresh two-week high against US Dollar
The Indian Rupee (INR) extends the week-long rally against the US Dollar (USD) on Friday.
US hedge fund bailout flows through to massive tech recovery in KR
Asia Market Update: US Hedge Fund bailout flows through to massive tech recovery in KR; Tech earnings continue as Tesla CN sale denied; Triple intervention (JP,KR, US) creates less work for BOJ; CN ou ...