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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%)
United Kingdom Average Earnings Including Bonus (3Mo/Yr) registered at 4.3%, below expectations (4.5%) in May
United Kingdom Average Earnings Including Bonus (3Mo/Yr) registered at 4.3%, below expectations (4.5%) in May
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) meets expectations (3.4%) in May
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) meets expectations (3.4%) in May
United Kingdom Claimant Count Change registered at 6.7K, below expectations (28.3K) in June
United Kingdom Claimant Count Change registered at 6.7K, below expectations (28.3K) in June
Silver Price Forecast: XAG/USD surges to near $58.20 as oil price rally hits pause
Silver price (XAG/USD) is up over 3% to near $58.20 during the early European trading session on Tuesday.
EUR/JPY Price Forecast: Holds gains above 185.50 near nine-day EMA support
EUR/JPY edges higher after three days of losses, trading around 185.50 during the Asian hours on Tuesday. The currency cross is holding above both the nine-day and 50-day Exponential Moving Averages (EMAs), which reinforces a mildly bullish near-term bias.
Indian Rupee gains ground as oil prices correct, Trump's decision awaited
The Indian Rupee (INR) opens higher against the US Dollar on Tuesday. The USD/INR pair corrects to near 96.34 from its two-month high of 96.76 posted on Monday, as fresh hopes of de-escalation in military aggression between the United States (US) and Iran have offered support to the Indian currency.