Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Turkey Consumer Price Index (YoY) below forecasts (31.8%) in July: Actual (31.75%)
Turkey Consumer Price Index (YoY) below forecasts (31.8%) in July: Actual (31.75%)
Austria Unemployment Rate remains unchanged at 6.9% in July
Austria Unemployment Rate remains unchanged at 6.9% in July
Austria Unemployment up to 298.9K in July from previous 295.5K
Austria Unemployment up to 298.9K in July from previous 295.5K
Forex Today: Mood improves as US and Iran renew push for diplomatic solution
Here is what you need to know on Monday, August 3:
Japanese Yen: Joint intervention signals potential turning point – MUFG
MUFG’s Michael Wan highlights that the Japanese Yen (JPY) has strengthened sharply, with USD/JPY dropping from around 164 after suspected intervention by Japan’s Ministry of Finance (MoF) and confirmed joint action with the US Treasury.
Sweden Manufacturing PMI fell from previous 58.3 to 55.8 in July
Sweden Manufacturing PMI fell from previous 58.3 to 55.8 in July
Switzerland Consumer Price Index (MoM) meets forecasts (-0.1%) in July
Switzerland Consumer Price Index (MoM) meets forecasts (-0.1%) in July
Switzerland Consumer Price Index (YoY) declined to 0.4% in July from previous 0.5%
Switzerland Consumer Price Index (YoY) declined to 0.4% in July from previous 0.5%
GBP/USD Price Forecast: At make or a break around 1.3500
The British Pound (GBP) underperforms its major currency peers, trading 0.1% lower at around 1.3470 against the US Dollar (USD) during the early European trading session on Monday.
Euro: Rebound eyes key resistance band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes EUR/USD rebounded sharply after a dip to 1.1453, with scope to extend gains toward 1.1565 intraday, provided it holds above 1.1495.
Germany’s Retail Sales fall by 1.1% MoM in June vs. -0.5% expected
German Retail Sales, a key measure of consumer spending, showed a downside in June. The consumer spending measure fell 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.5%. In May, Retail Sales rose by 1.2% (revised from 1.1%)
Germany Retail Sales (MoM) came in at -1.1% below forecasts (-0.5%) in June
Germany Retail Sales (MoM) came in at -1.1% below forecasts (-0.5%) in June
Germany Retail Sales (YoY): -0.2% (June) vs previous 1.8%
Germany Retail Sales (YoY): -0.2% (June) vs previous 1.8%