The EUR/JPY discovers buying interest near 159.20 as the Eurostat has reported better-than-anticipated Gross Domestic Product (GDP) data for the last quarter of 2023.
Blogs
USD/CAD extends its losses to near 1.3400 despite Middle East tension, focus on US data
USD/CAD continues to move downward for the fourth consecutive session on Tuesday, trading lower around 1.3400 during the European session.
EUR/USD: Decline could persist towards December low of 1.0725/1.0700 – SocGen
EUR/USD recovers from below 1.0800 Economists at Société Générale analyze the pair’s technical outlook.
Italy 10-y Bond Auction dipped from previous 4.17% to 3.69%
Italy 10-y Bond Auction dipped from previous 4.17% to 3.69%
Italy 5-y Bond Auction down to 3.14% from previous 3.61%
Italy 5-y Bond Auction down to 3.14% from previous 3.61%
Belgium Consumer Price Index (MoM) rose from previous 0.43% to 0.49% in January
Belgium Consumer Price Index (MoM) rose from previous 0.43% to 0.49% in January
Belgium Consumer Price Index (YoY) up to 1.75% in January from previous 1.35%
Belgium Consumer Price Index (YoY) up to 1.75% in January from previous 1.35%
The ECB will not be able to cut interest rates too much – Commerzbank
Economists at Commerzbank expect the European Central Bank (ECB) to find hurdles to cut interest rates.
Eurozone Business Climate: -0.4 (January) vs -0.45
Eurozone Business Climate: -0.4 (January) vs -0.45
Eurozone Preliminary GDP arrives at 0% QoQ in Q4 vs. -0.1% expected
The Eurozone economy stagnated on a quarterly basis in the three months to December of 2023, improving from a 0.1% contraction in the third quarter of 2023, the preliminary estimate released by Eurostat showed Tuesday.