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Weekly market outlook (24-28 july)

UPCOMING EVENTS:Monday: EZ-UK-US PMIs.Tuesday: US Consumer Confidence.Wednesday: Australia CPI, FOMC Policy Decision.Thursday: ECB Policy Decision, US...

July 23, 2023, 10:20 am

Eur/usd weekly forecast: investors anticipate fed’s hike

The dollar recovered after massive losses the previous week. Investors expect one last Fed rate hike next week. The euro fell as Eur...

July 22, 2023, 5:59 pm

Eur/usd bulls again aim for 1.1280 as us dollar weakness supersedes eurozone economic concerns

EUR/USD clings to mild gains around 1.1220 as it prints the first daily profits in three heading into Thursday’s European session. In doing so, the ...

July 21, 2023, 12:29 am

Euro extends decline to 1.1130 as the dollar stays hot

The US dollar is strong across the board today and that's weighing on the euro, which ended an 8-day rally this week. Yesterday, I talked about the op...

July 20, 2023, 3:54 pm

Eurozone consumer confidence flash for july -15.1 vs -16.0 estimate

Prior -16.1Consumer confidence in the Euro area flash for July 2023 -15.1 vs -16.0 estimateThe EU confidence moved up to -16.1 (up 1.1)Looking at the ...

July 20, 2023, 2:00 pm

Forexlive european fx news wrap: aussie holds earlier gains, tech rally pauses for breath

Headlines:A double boost for the aussie todayTech shares stay on the heavy side so far on the dayChina onshore yuan finishes the domestic session by e...

July 20, 2023, 11:52 am

Eurozone may current account balance €9.1 billion vs €4.0 billion prior

Prior €4.0 billion; revised to €3.8 billionThe fact that the current account balance is still keeping in surplus remains a welcome development aft...

July 20, 2023, 8:00 am

Nzd/usd remains pressured amid us dollar strength, despite high nz inflation

NZD/USD initially increased following the inflation data release but later reversed as the Eurozone and...

July 19, 2023, 9:44 pm

Eur/usd forecast: us dollar gives signs of life

The macroeconomic calendar will feature the June German Producer Price Index (PPI) and the Eurozone May...

July 19, 2023, 8:01 pm

Eurozone cpi finalized at 5.5% in jun, core cpi at 5.5%

Eurozone CPI was finalized at 5.5% yoy in June, down from May’s 6.1% yoy. Core CPI (excluding energy,...

July 19, 2023, 9:49 am

Constellation brands shares move higher on board appointments

Constellation Brands (NYSE:STZ) shares moved higher in pre-market trading on Wednesday after it announced appointments to its board of directors and ...

July 19, 2023, 9:23 am

Eurozone june final cpi +5.5% vs +5.5% y/y prelim

Prior +6.1%Core CPI +5.5% vs +5.4% y/y prelimPrior +5.3%Core annual inflation gets revised higher and that continues to vindicate the ECB's more hawki...

July 19, 2023, 9:00 am

Italian 10-year yields fall to 4.0%

Have a look at the chart of Italian 10-year yields:That is a massive wedge shaping up and we're now back testing the downside. The 17 bps drop today i...

July 18, 2023, 2:11 pm

Autozone is prepping a corporate bond offering

Autozone Inc. is planning a bond offering later Tuesday, according to a regulatory filing, with the pro...

July 18, 2023, 1:07 pm

U.k. inflation data to make or break a 50bp august rate hike

After some unexpectedly strong wage data last week, Wednesday's services inflation data will determine whether the Bank of England implements another ...

July 17, 2023, 9:26 pm

Bitcoin (btc) and ethereum (eth) holders move to ozone chain (ozo) which is predicted to rise over 5,000% by the end of 2023

If you’re still not sure if investing in cryptocurrencies is a wise idea at this point, keep in mind that the industry is currently experiencing man...

July 17, 2023, 11:44 am

Eur and usd still a buy story and levels to watch

In the eurozone, the calendar is relatively light, with only trade balance data for May scheduled and E...

July 17, 2023, 3:59 am

Eurozone exports down -2.3% yoy in may, imports down -12.8% yoy

Eurozone exports of goods to the rest of the world fell -2.3% yoy to EUR 241.9B in May. Imports fell -1...

July 14, 2023, 9:12 am

Eurozone may trade balance -€0.3 billion vs -€11.7 billion prior

Prior -€11.7 billionThe euro area trade deficit narrowed considerably in May, with the seasonally adjusted number also seen at -€0.9 billion. On t...

July 14, 2023, 9:00 am

Forexlive european fx news wrap: risk leans to the softer side ahead of wall street return

Headlines:Equities stumble lower in European tradingECB's Nagel: Interest rates must rise furtherECB's Visco: More rate hikes is not the only way to c...

July 5, 2023, 11:38 am


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