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GBP/USD Price Forecast: At make or a break around 1.3500
The British Pound (GBP) underperforms its major currency peers, trading 0.1% lower at around 1.3470 against the US Dollar (USD) during the early European trading session on Monday.
Euro: Rebound eyes key resistance band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes EUR/USD rebounded sharply after a dip to 1.1453, with scope to extend gains toward 1.1565 intraday, provided it holds above 1.1495.
Germany’s Retail Sales fall by 1.1% MoM in June vs. -0.5% expected
German Retail Sales, a key measure of consumer spending, showed a downside in June. The consumer spending measure fell 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.5%. In May, Retail Sales rose by 1.2% (revised from 1.1%)
Germany Retail Sales (MoM) came in at -1.1% below forecasts (-0.5%) in June
Germany Retail Sales (MoM) came in at -1.1% below forecasts (-0.5%) in June
Germany Retail Sales (YoY): -0.2% (June) vs previous 1.8%
Germany Retail Sales (YoY): -0.2% (June) vs previous 1.8%
Russia S&P Global Manufacturing PMI rose from previous 50.3Â to 50.7 in July
Russia S&P Global Manufacturing PMI rose from previous 50.3Â to 50.7 in July
Indonesian Rupiah holds gains as manufacturing PMI expands in July
USD/IDR remains subdued for the fourth successive day, trading around 18,040 during the Asian hours on Monday. The pair experiences notable downside pressure as the Indonesian Rupiah (IDR) strengthens in response to encouraging domestic economic indicators.
Japanese Yen jumps as US-Japan confirm joint intervention, hint further action
The USD/JPY pair tumbles to near 156.45 during the early European trading hours on Monday. The Japanese Yen (JPY) climbs amid speculation that Japanese authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.
Asian stocks trade mixed as AI-led selloff and Yen rally counter Iran optimism
Asian shares were mixed at the start of a new week as losses in South Korea's KOSPI and Japan's Nikkei 225 counter improving risk sentiment due to easing Middle East tensions.
EUR/JPY Price Forecast: Breaks below 179.50 as bearish bias prevails
EUR/JPY extends its gains for the third successive day, trading around 179.40 during the Asian hours on Monday. The currency cross is extending a bearish near-term tone as price holds beneath both the nine-period and 50-period Exponential Moving Averages (EMAs).
India HSBC Manufacturing PMI below forecasts (53.9) in July: Actual (53.5)
India HSBC Manufacturing PMI below forecasts (53.9) in July: Actual (53.5)
EUR/USD Price Forecast: Gains traction above 1.1500, while remaining constrained below 100-day SMA
The EUR/USD pair trades in positive territory near 1.1535 during the early European trading hours on Monday, bolstered by improved risk sentiment.
Indonesia Trade Balance came in at $-0.45B, above expectations ($-0.79B) in June
Indonesia Trade Balance came in at $-0.45B, above expectations ($-0.79B) in June