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Denmark Current Account rose from previous 32.5BÂ to 44.4B in July
Denmark Current Account rose from previous 32.5BÂ to 44.4B in July
Germany Trade Balance s.a. came in at €21.3B, above expectations (€16B) in July
Germany Trade Balance s.a. came in at €21.3B, above expectations (€16B) in July
Denmark Industrial Production (MoM): -5.5% (July) vs previous 6.4%
Denmark Industrial Production (MoM): -5.5% (July) vs previous 6.4%
Germany Exports (MoM) below forecasts (0%) in July: Actual (-0.8%)
Germany Exports (MoM) below forecasts (0%) in July: Actual (-0.8%)
Germany Imports (MoM) declined to -5.7% in July from previous 4.4%
Germany Imports (MoM) declined to -5.7% in July from previous 4.4%
EUR/JPY Price Forecast: Slips below 178.50 within oversold territory
EUR/JPY loses ground for the second consecutive day, trading around 178.40 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias.
AUD/USD Price Forecast: Poised to test multi-year top near 0.7270-0.7275 amid bullish setup
The AUD/USD pair holds steady above the 0.7200 mark through the Asian session on Tuesday, consolidating its recent strong move up to its highest level since May 14 touched the previous day.
Japanese Yen rises to seven-month high on BoJ rate hike bets
The USD/JPY pair falls to around 153.50 during the early European trading hours on Tuesday. The Japanese Yen (JPY) strengthens to a seven-month high against the US Dollar (USD) amid growing expectations of a Bank of Japan (BoJ) interest-rate hike.
Japan Eco Watchers Survey: Outlook rose from previous 45.8Â to 48.3 in August
Japan Eco Watchers Survey: Outlook rose from previous 45.8Â to 48.3 in August
Japan Eco Watchers Survey: Current came in at 46.4, above forecasts (46.3) in August
Japan Eco Watchers Survey: Current came in at 46.4, above forecasts (46.3) in August
GBP/USD Price Forecast: Consolidates below mid-1.3500s; bullish potential seems intact
The GBP/USD pair struggles to capitalize on the previous day's modest gains and oscillates in a range below mid-1.3500s during the Asian session on Tuesday. The downside, however, remains cushioned as the US Dollar (USD) selling remains unabated on the back of a broadly firmer Japanese Yen (JPY).
New Zealand Dollar struggles after China’s Trade Balance data
NZD/USD extends its losses for the third successive day, trading around 0.5850 during the Asian hours on Tuesday. The pair is depreciating as the New Zealand Dollar (NZD) remains under pressure following the release of trade data from China, New Zealand’s major trading partner.
Euro holds steady above 1.1600 as markets brace for US inflation data and ECB rate decision
The EUR/USD pair trades on a flat note around 1.1625 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key US inflation data and the European Central Bank (ECB) interest rate decision later this week.