Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro edges up to 1.1420 as Eurozone Economic Sentiment beats expectations
The Euro (EUR) edges up against the US Dollar (USD) on Tuesday, returning to levels just above 1.1420 after a three-day reversal from last week's highs at 1.1480 found support at 1.1400.
Equities: Geopolitics weigh on stocks – Deutsche Bank
Deutsche Bank strategists report the S&P 500 slipping for a third straight session as geopolitical uncertainty and higher US real yields pressure risk assets.
New Zealand Dollar gathers strength above 0.5850 as CPI inflation data bolster RBNZ rate hike bets
The NZD/USD pair gains traction to around 0.5860 during the early European trading hours on Tuesday. Hotter New Zealand inflation data provide some support to the New Zealand Dollar (NZD) against the US Dollar (USD). The US ADP Employment report will be published later on Tuesday.Â
Euro pulls back against a stronger Pound following upbeat UK employment data
The Euro (EUR) posts moderate losses against the British Pound (GBP) on Tuesday, yet trading within recent ranges.
British Pound attracts bids after UK employment data release
The British Pound (GBP) snaps a three-day losing streak against the Japanese Yen (JPY), rebounding to near 218.55 during the European trading session on Tuesday. The cross attracts bids after the release of the United Kingdom (UK) labor market data for the three months ending May.
British Pound holds positive ground near 1.3450 after UK employment data
The GBP/USD pair holds positive ground near 1.3450 during the early European trading hours on Tuesday. The British Pound (GBP) strengthens against the US Dollar (USD) following the UK employment report.
Euro: Downward bias capped by 1.1390 support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang sees EUR/USD retaining a mild downside bias after slipping below a prior strong support at 1.1405. Intraday losses are expected to be limited to tests of 1.1390, with resistance at 1.1430–1.1445.
United Kingdom Claimant Count Rate fell from previous 4.5% to 4.4% in June
United Kingdom Claimant Count Rate fell from previous 4.5% to 4.4% in June
United Kingdom Public Sector Net Borrowing declined to £15.989B in June from previous £23.294B
United Kingdom Public Sector Net Borrowing declined to £15.989B in June from previous £23.294B
UK Unemployment Rate steadies at 4.9% in May vs. 5.0% expected
The United Kingdom’s (UK) ILO Unemployment Rate remained steady at 4.9% in the three months to May after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday. The data came in below the market consensus of 5.0%.
Switzerland Trade Balance fell from previous 6110M to 5224M in June
Switzerland Trade Balance fell from previous 6110M to 5224M in June
United Kingdom Employment Change (3M): 147K (May) vs 100K
United Kingdom Employment Change (3M): 147K (May) vs 100K
United Kingdom ILO Unemployment Rate (3M) below expectations (5%) in May: Actual (4.9%)
United Kingdom ILO Unemployment Rate (3M) below expectations (5%) in May: Actual (4.9%)