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Eurozone Retail Sales (YoY) below forecasts (1%) in June: Actual (0.7%)
Eurozone Retail Sales (YoY) below forecasts (1%) in June: Actual (0.7%)
Spain 10-y Obligaciones Auction rose from previous 3.395%Â to 3.542%
Spain 10-y Obligaciones Auction rose from previous 3.395%Â to 3.542%
Australian Dollar remains depressed; downside seems limited as fiscal concerns weigh on Yen
The AUD/JPY cross attracts some sellers on Thursday, snapping a two-day winning streak and stalling this week's solid bounce move from its lowest level since late March.
Equities: Nvidia stands out as broader tech mood cools – Deutsche Bank
Deutsche Bank strategists say the global equity rally lost momentum near record highs as technology shares weakened. The S&P 500 edged lower and the Nasdaq underperformed, with AMD and semiconductor stocks retreating after recent gains.
Euro holds two-day gains against Yen, investors seek clarity on US-Japan future intervention plans
The Euro (EUR) clings to two-day gains against the Japanese Yen (JPY) at around 182.25 during the European trading session on Thursday.
Australian Dollar: RBA uneasy pause – Standard Chartered
Standard Chartered’s Nicholas Chia expects the Reserve Bank of Australia (RBA) to keep the cash rate at 4.35% at its 11 August meeting, with no further hikes this year. Q2 core inflation and short-term expectations have eased, while the labour market has softened.
United Kingdom S&P Global Construction PMI came in at 44.7, above forecasts (41.5) in July
United Kingdom S&P Global Construction PMI came in at 44.7, above forecasts (41.5) in July
EUR/GBP Price Forecast: Holding below 0.8580 with dips limited so far
The Euro (EUR) nudges lower against the British Pound (GBP) on Thursday, following a three-day rally. The EUR/GBP remains capped below the late-July top of 0.8586, trading at 0.8575 at the time of writing, yet with downside attempts subdued so far.Â
Italy Industrial Output s.a. (MoM) came in at -1%, below expectations (0.3%) in June
Italy Industrial Output s.a. (MoM) came in at -1%, below expectations (0.3%) in June
Italy Industrial Output w.d.a (YoY) below forecasts (1%) in June: Actual (-0.6%)
Italy Industrial Output w.d.a (YoY) below forecasts (1%) in June: Actual (-0.6%)
British Pound: Gains capped below 1.3555 against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report GBP/USD edged higher to 1.3469 after briefly touching 1.3486, with short-term momentum only slightly firmer. The pair is expected to trade in a higher 1.3445–1.3495 range rather than embark on a strong rally.
Forex Today: US Dollar stabilizes as markets turn cautious on Mideast uncertainty
Here is what you need to know on Thursday, August 6:
USD/CHF Price Forecast: Poised to extend gains beyond 0.8100 amid bullish setup
The USD/CHF pair attracts some buyers near the 0.8060 region on Thursday amid a modest US Dollar (USD) uptick. Spot prices, for now, seem to have snapped a two-day losing streak and trade around the 0.8080-0.8085 region during the first half of the European session, up nearly 0.15% for the day.