The European Central Bank (ECB) meeting may rattle the recent appreciation in EUR/USD if the Governing Council takes additional steps to support the monetary union.
Blogs
Australian Dollar Dips as 1Q GDP Contraction Ends Record Growth Period
The Australian Dollar pulls back from January highs as the 1Q GDP report for 2020 signals an end to Australia’s record period of economic growth.
New Zealand Dollar Technical Outlook vs Japanese Yen & British Pound
NZD/JPY continues to surge as it aims to challenge a critical inflection range while GBP/NZD flirts with key support and the prospect of aggravated selling pressure.
Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report
The price of gold may exhibit a bullish behavior ahead of the US NFP report as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).
AUD/JPY May Rally With Stocks in Asia, Australian GDP in Focus
The Australian Dollar may extend its gains versus the Japanese Yen ahead of the release of Australian GDP data. Sentiment may also help push APAC stocks higher despite geopolitical strains.
Germany May unemployment change 238.0k vs 190.0k expected
Latest data released by the Federal Employment Agency – 3 June 2020 – 373.0k; revised to 372.0k – Unemployment rate 6.3% vs 6.2% expected – Prior 5.8% For bank trade ideas, check out eFX Plus
Germany May final services PMI 32.6 vs 31.4 prelim
Latest data released by Markit/BME – 3 June 2020 – Prior 16.2 – Composite PMI 32.3 vs 31.4 prelim – Prior 17.4 The preliminary release can be found . A slight revision higher to initial estimates but all this does is reaffirm that business activity has improved from April to May, but the overall outlook […]
France May final services PMI 31.1 vs 29.4 prelim
Latest data released by Markit – 3 June 2020 – Prior 10.2 – Composite PMI 32.1 vs 30.5 prelim – Prior 11.4 For bank trade ideas, check out eFX Plus The preliminary report can be found . A slight adjustment higher to the initial estimates, as that indicates that business activity is seen improving from […]
Italy May services PMI 28.9 vs 26.1 expected
Latest data released by Markit – 3 June 2020 – 10.8 – Composite PMI 33.9 vs 28.5 expected – Prior 10.9 For bank trade ideas, check out eFX Plus Much like the Spanish reading earlier, the headline figure shows a stronger bounce than expected but again this only relates to the shift in businesses feeling […]
China warns the UK that they have no jurisdiction or supervision over Hong Kong
Comments by the Chinese foreign ministry – Says that it lodges stern representations with the UK on recent remarks on HK – Says that UK remarks interferes with China's internal affairs With Trump going soft on China, the UK is the one in the firing line now amid their recent commentary over the Hong Kong […]