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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