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Silver Price Forecasts: XAG/USD stands tall near $67 supported by US Treasuryâs buybacks
Silver (XAG/USD) is practically flat on Thursday, holding most of Wednesdayâs gains, trading just above $67.00 at the European session opening.
Indian Rupee: Elevated Oil keeps INR lagging against US Dollar â OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note Indian Rupee (INR) remains under pressure despite broader US Dollar (USD) weakness, as high Oil prices and importer Dollar demand weigh on the currency.
Switzerland Industrial Production (YoY) up to 5.5% in 2Q from previous -7.1%
Switzerland Industrial Production (YoY) up to 5.5% in 2Q from previous -7.1%
Equities: Yield relief and healthcare gains lift markets â Deutsche Bank
Deutsche Bank strategists note that equities rebounded as a sharp decline in long-end US Treasury yields helped the S&P 500 end a three-day losing streak.
Iran's Araghchi says economic D-Day is a diversion from the US crisis
Iran's Foreign Minister Abbas Araghchi dismissed US President Donald Trumpâs threatened âeconomic D-Dayâ against Tehran as an attempt to divert attention from US debt and rising interest costs, Reuters reported on Thursday. Araghchi added that US policies will bring defeat and enmity.Â
British Pound: Further gains face 1.3655 cap against US Dollar â UOB
United Overseas Bankâs Quek Ser Leang and Lee Sue Ann report that GBP/USD spiked to 1.3630 before easing, leaving shortâterm conditions overstretched.
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 â 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 Tuesdayâs 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