Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro rebounds strongly against Yen after German, Eurozone Q2 GDP data
The Euro (EUR) claws back its early losses and turns almost flat against the Japanese Yen (JPY) after the release of preliminary German Q2 Gross Domestic Product (GDP) and inflation data for its six states.
Canadian Dollar edges lower amid rebounding USD as traders await key US macro data
The USD/CAD pair attracts some buyers on Thursday and, for now, seems to have snapped a two-day losing streak to a more than one-week low, around the 1.4025-1.4020 area touched the previous day.
Eurozone GDP returns to growth in Q2, rises strongly by 0.4%
According to Eurostat, Eurozone Gross Domestic Product (GDP) growth turns positive in the second quarter of this year after declining 0.2% in the previous quarter. The GDP growth data is at 0.4%, higher than estimates of 0.2%.
US Dollar: Fed reaction function clouds dollar outlook – MUFG
MUFG’s Derek Halpenny says the Fed’s decision to hold rates, combined with Chair Warsh’s unclear justification, steepened the Treasury curve and weakened the dollar. Rising inflation expectations and concerns over Federal Reserve (Fed) credibility now point to further depreciation risk.
Eurozone Business Climate increased to -0.19 in July from previous -0.38
Eurozone Business Climate increased to -0.19 in July from previous -0.38
Italy Unemployment registered at 5.7% above expectations (5.1%) in June
Italy Unemployment registered at 5.7% above expectations (5.1%) in June
Eurozone Gross Domestic Product s.a. (YoY) above expectations (0.5%) in 2Q: Actual (1%)
Eurozone Gross Domestic Product s.a. (YoY) above expectations (0.5%) in 2Q: Actual (1%)
Eurozone Gross Domestic Product s.a. (QoQ) above forecasts (0.2%) in 2Q: Actual (0.4%)
Eurozone Gross Domestic Product s.a. (QoQ) above forecasts (0.2%) in 2Q: Actual (0.4%)
Greece Producer Price Index (YoY) dipped from previous 13.5%Â to 8.8% in June
Greece Producer Price Index (YoY) dipped from previous 13.5%Â to 8.8% in June
Eurozone Services Sentiment registered at 4.7 above expectations (3.8) in July
Eurozone Services Sentiment registered at 4.7 above expectations (3.8) in July
Eurozone Consumer Confidence in line with expectations (-15.9) in July
Eurozone Consumer Confidence in line with expectations (-15.9) in July
Eurozone Industrial Confidence registered at -6.1 above expectations (-7) in July
Eurozone Industrial Confidence registered at -6.1 above expectations (-7) in July
Eurozone Economic Sentiment Indicator registered at 96.9 above expectations (96) in July
Eurozone Economic Sentiment Indicator registered at 96.9 above expectations (96) in July