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Euro: Further gains eyed toward 1.1800 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive stance on EUR/USD despite recent consolidation around 1.1660. They still see room for upside toward 1.1725 in the coming weeks as long as support at 1.1630 holds.
Germany Gross Domestic Product (YoY) above expectations (0.9%) in 2Q: Actual (1%)
Germany Gross Domestic Product (YoY) above expectations (0.9%) in 2Q: Actual (1%)
Germany Gross Domestic Product w.d.a (YoY) rose from previous 0.9% to 1% in 2Q
Germany Gross Domestic Product w.d.a (YoY) rose from previous 0.9% to 1% in 2Q
Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q
Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q
Denmark Retail Sales (YoY): 6.7% (July) vs 4.8%
Denmark Retail Sales (YoY): 6.7% (July) vs 4.8%
EUR/USD Price Forecast: Corrects further as US Dollar extends recovery
The Euro (EUR) trades marginally lower against the US Dollar (USD) on Tuesday, extending its corrective move from the four-day high of 1.1711 to near 1.1655 during the European trading session.
Indian Rupee jumps to weekly high amid lower Oil prices, declining US Yields
The Indian Rupee (INR) opened almost flat against the US Dollar (USD) on Tuesday, but there is a significant appreciation in India's afternoon trading hours.
Indonesian Rupiah struggles amid record deficit, external pressures
USD/IDR halts its three-day losing streak, trading around 17,770 during the Asian hours on Tuesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles under the weight of cautious market sentiment driven by persistent external pressures.
Japan Coincident Index: 118.5 (June) vs 118.2
Japan Coincident Index: 118.5 (June) vs 118.2
Japan Leading Economic Index registered at 116.5 above expectations (116.4) in June
Japan Leading Economic Index registered at 116.5 above expectations (116.4) in June
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
EUR/JPY Price Forecast: Rises toward 186.00 after rebounding from ascending channel bottom
EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias.
Canadian Dollar remains depressed as firmer USD and trade war counter higher oil prices
The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday.