Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro is on course for longest losing streak since 1997 Retail traders continue becoming increasingly bullish EUR/USD closes at lowest since March, where to? Recommended by Daniel Dubrovsky Get Your Free EUR Forecast After a -0.8 percent drop against the US Dollar over the past
Monday: ECB’s Wunsch (hawk – non voter) remains in favour of raising interest rates again: Underlying inflation remains persistent, may need more rate hikes. I’m inclined to say we maybe need to do a little bit more. The idea that we’ll have to come to a pause at a certain point can’t be excluded, but
UPCOMING EVENTS: Tuesday: UK Labour Market report, German ZEW, US NFIB Small Business Optimism Index. Wednesday: Japan PPI, UK GDP, EZ Industrial Production, US CPI. Thursday: Australia Labour Market report, Japan Industrial Production, Switzerland PPI, ECB Policy Decision, US Jobless Claims, US PPI, US Retail Sales. Friday: NZ Manufacturing PMI, China Industrial Production and Retail
Stoxx 600 daily Closing changes: Stoxx 600 +0.2% German DAX +0.1% UK FTSE 100 +0.5% French CAC +0.6% Italy MIB +0.3% Spain IBEX +0.6% Weekly: Stoxx 600 -0.8% German DAX -0.7% UK FTSE 100 +0.2% French CAC -0.8% Italy MIB -1.4% Spain IBEX -0.9% I don’t think there is a big takeaway from this week’s
Share: As Wall Street opens positive, NZD/USD rises 0.57% to 0.5907, partially offsetting fears of a global economic slowdown. US Dollar softens after hitting a six-month high, providing a tailwind for NZD/USD amid a lack of fresh US economic data. Traders await key economic indicators next week, including US inflation data and New
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US Dollar Index already reach 105.026, raised from 99.512 at 18-07-2023 , Why US Dollar Index Sooo Strong ? I think there’re some reasons : 1. USA’s economy is getting better, the ISM non-manufacture PMI 54.5 , prev value 52.7 , market forecast value 5.25 , 2 larger, we can see that the USA’s economy still
Monday: BoJ Governor Ueda spoke on the weekend at the Jackson Hole Symposium and leant again on the dovish side: We think that underlying inflation is still a bit below our target. This is why we are sticking with our current monetary easing framework. BoJ Governor Ueda China halved the stamp duty on stock trading
UPCOMING EVENTS: Monday: US and Canada Holiday. Tuesday: China Caixin Services PMI, RBA Policy Decision. Wednesday: Eurozone Retail Sales, US ISM Services PMI, BoC Policy Decision. Thursday: China Imports/Exports data, Switzerland Unemployment Rate, US Jobless Claims. Friday: Japan Wage data, Canada Jobs Report. Tuesday The RBA is expected to keep the cash rate unchanged at
This snippet from ANZ on oil demand in China, some better news: signs of strength in China’s jet fuel market are likely to boost sentiment. China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August. International travel is picking up, with bookings for overseas group tours during the National Day
