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Euro rises against Japanese Yen following PMI data
EUR/JPY holds ground after registering over 0.5% gains in the previous day, trading around 182.00 during the European hours on Wednesday.
USD/CHF Price Forecast: Bearish bias persists below 0.8100 confluence hurdle
The USD/CHF pair reverses a modest intraday dip and touches a fresh daily high during the early European session on Wednesday, though it remains below the 0.8100 mark.
Japanese Yen struggles against US Dollar ahead of US private employment data
The Japanese Yen (JPY) gives back its early gains and flattens at around 157.70 against the US Dollar (USD) during the European trading session on Wednesday.
Eurozone HCOB Composite PMI above forecasts (51.9) in July: Actual (52)
Eurozone HCOB Composite PMI above forecasts (51.9) in July: Actual (52)
Eurozone HCOB Services PMI above expectations (51.6) in July: Actual (51.7)
Eurozone HCOB Services PMI above expectations (51.6) in July: Actual (51.7)
Equities: Global risk rally extends on softer inflation – Deutsche Bank
Deutsche Bank strategists highlight a broad-based rally in global equities as lower Oil prices, easing inflation expectations and resilient US data support risk appetite. The S&P 500 and major European indices hit or approached record highs, while Asian benchmarks also advanced.
Germany HCOB Composite PMI came in at 51.3, above forecasts (51.2) in July
Germany HCOB Composite PMI came in at 51.3, above forecasts (51.2) in July
Germany HCOB Services PMI above expectations (49.6) in July: Actual (49.8)
Germany HCOB Services PMI above expectations (49.6) in July: Actual (49.8)
France HCOB Composite PMI below forecasts (49.6) in July: Actual (49.4)
France HCOB Composite PMI below forecasts (49.6) in July: Actual (49.4)
France HCOB Services PMI below forecasts (49.8) in July: Actual (49.6)
France HCOB Services PMI below forecasts (49.8) in July: Actual (49.6)
Italy HCOB Services PMI above expectations (52) in July: Actual (52.5)
Italy HCOB Services PMI above expectations (52) in July: Actual (52.5)
Brazilian Real: Disinflation and fiscal risks guide weaker outlook – Rabobank
Rabobank’s Brazil weekly notes that the Brazilian Real (BRL) recently appreciated to BRL 5.0587 per Dollar, ranking among the top emerging-market performers.
Spain HCOB Services PMI above forecasts (55.3) in July: Actual (58.3)
Spain HCOB Services PMI above forecasts (55.3) in July: Actual (58.3)