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United Kingdom Industrial Production (MoM) came in at -0.2%, below expectations (0.1%) in June
United Kingdom Industrial Production (MoM) came in at -0.2%, below expectations (0.1%) in June
United Kingdom Gross Domestic Product (QoQ) came in at 0.6%, above forecasts (0.4%) in 2Q
United Kingdom Gross Domestic Product (QoQ) came in at 0.6%, above forecasts (0.4%) in 2Q
United Kingdom Gross Domestic Product (MoM) registered at 0.3% above expectations (0%) in June
United Kingdom Gross Domestic Product (MoM) registered at 0.3% above expectations (0%) in June
Sweden Consumer Price Index (MoM) meets forecasts (-0.3%) in July
Sweden Consumer Price Index (MoM) meets forecasts (-0.3%) in July
Sweden Consumer Price Index (YoY) meets forecasts (0.2%) in July
Sweden Consumer Price Index (YoY) meets forecasts (0.2%) in July
AUD/USD Price Forecast: Struggles to extend rally above 0.7100
The Australian Dollar (AUD) trades 0.17% lower at around 0.7050 against the US Dollar (USD) during the early European trading session on Thursday.
EUR/USD Price Forecast: Flatlines below 1.1550, while staying bearish under 100-day SMA
The EUR/USD pair holds steady near 1.1520 during the early European trading hours on Thursday. US inflation cooled on a ‌year-over-year basis for a second straight month, easing pressure on the US Federal Reserve (Fed) to raise interest rates as soon as next month.
EUR/JPY Price Forecast: Falls to near 183.50 near nine-day EMA
EUR/JPY extends its losses for the third successive day, trading around 183.60 during the Asian hours on Thursday. The 14-day Relative Strength Index (RSI) at 47.11 reinforces a neutral-to-soft momentum backdrop rather than a decisive directional push.
Swiss Franc slides to two-week low as oil-driven Fed hike bets boost USD
The USD/CHF pair prolongs the weekly uptrend for the fourth consecutive day and climbs to a two-week high, around 0.8045, during the Asian session on Thursday amid a firmer US Dollar (USD). Moreover, the fundamental backdrop favors bulls and backs the case for further appreciation for spot prices.
AUD/JPY Price Forecast: Softens below 112.50 as near-term bearish bias persists below 100-day SMA
The AUD/JPY cross trades in negative territory near 112.35 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) as traders are on high alert for further intervention from authorities.
GBP/USD Price Forecast: Trades below 1.3500 on firmer USD, ahead of UK GDP
The GBP/USD pair trades with a negative bias for the second consecutive day and trades below the 1.3500 psychological mark during the Asian session on Thursday amid modest US Dollar (USD) strength.
Asian stocks rise on soft US CPI, AI earnings rally
Asian stocks mostly remain stronger, bolstered by softer US inflation data that reinforced expectations for a more accommodative Federal Reserve (Fed) policy. US headline CPI rose 3.4% year-over-year in July, down slightly from 3.5% in the previous month.
New Zealand Dollar remains subdued as two-year QoQ RBNZ Inflation Expectations ease in Q3
NZD/USD extends its losses for the fourth successive day, trading around 0.5840 during the Asian hours on Thursday. The pair remains subdued following the release of RBNZ Inflation Expectations.