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EUR/JPY Price Forecast: Gains traction above 185.00, bullish signals keep uptrend intact
The EUR/JPY cross gathers strength to around 185.20 during the early European session on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid disappointing Japanese Gross Domestic Product (GDP) data.
Euro: Spikes higher against US Dollar on Treasury buybacks – Danske Bank
Danske Research Team notes that EUR/USD jumped after the US Treasury increased buyback volumes of longer-dated US Treasuries, flattening the bond curve and pulling the 10-year yield below Tuesday’s peak.
Switzerland Imports (MoM) declined to 19948M in July from previous 21392M
Switzerland Imports (MoM) declined to 19948M in July from previous 21392M
Switzerland Exports (MoM) rose from previous 26616MÂ to 28678M in July
Switzerland Exports (MoM) rose from previous 26616MÂ to 28678M in July
Denmark Gross Domestic Product (YoY) down to 4.6% in 2Q from previous 6.2%
Denmark Gross Domestic Product (YoY) down to 4.6% in 2Q from previous 6.2%
Switzerland Trade Balance: 8370M (July) vs 5224M
Switzerland Trade Balance: 8370M (July) vs 5224M
Denmark Gross Domestic Product (QoQ) fell from previous 1.5% to 0.3% in 2Q
Denmark Gross Domestic Product (QoQ) fell from previous 1.5% to 0.3% in 2Q
Germany Producer Price Index (MoM) came in at 1.1%, above forecasts (0.7%) in July
Germany Producer Price Index (MoM) came in at 1.1%, above forecasts (0.7%) in July
Germany Producer Price Index (YoY) came in at 3%, above forecasts (2.7%) in July
Germany Producer Price Index (YoY) came in at 3%, above forecasts (2.7%) in July
Switzerland Trade Balance up to 8730M in July from previous 5224M
Switzerland Trade Balance up to 8730M in July from previous 5224M
Indonesian Rupiah strengthens as BI to focus on currency stability
USD/IDR extends its losses for the second successive day, trading around 17,810 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) finds solid backing from Bank Indonesia's (BI) renewed commitment to currency stability.
GBP/USD Price Forecast: Strengthens above 1.3600 as bullish trend holds above 100-day SMA
The GBP/USD pair trades in positive territory around 1.3610 during the early European trading hours on Thursday.
Swiss Franc weakens ahead of Trade Balance data
USD/CHF gains ground after registering handsome losses in the previous day, trading around 0.8000 during the Asian hours on Thursday. The USD/CHF pair continues to hold its gains as the Swiss Franc (CHF) remains under pressure ahead of the upcoming domestic Trade Balance report.