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Equities: Semiconductor bounce looks fragile – Deutsche Bank
Deutsche Bank strategists note that the S&P 500 reached a three-week high as chip stocks rebounded, led by gains in the Philly semiconductor index and Broadcom after its expanded Apple partnership.
Euro languishes at one-year lows against the British Pound despite positive German data
The Euro (EUR) has failed to draw support from the upbeat German industrial figures released earlier on Tuesday and consolidates losses at one-year lows against the British Pound (GBP).
Japanese Yen: Mixed outlook inside 160.60–163.00 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports USD/JPY surged to 162.42 before closing at 162.08, leaving the pair overbought. Intraday, the bank expects consolidation between 161.50 and 162.45.
Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -0.5% to 0.1% in May
Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -0.5% to 0.1% in May
Euro Summer range holds against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes EUR/USD has been stuck between 1.1350 and 1.1450 since mid-June, with few catalysts expected over the summer.
Germany's Industrial Production unexpectedly rises faster-than-expected by 0.9% MoM in May
Germany’s industrial sector activity surprisingly grow at a faster pace of 0.9% Month-on-Month (MoM) in May, the latest data published by Destatis showed on Tuesday.
United Kingdom Lloyds House Price Index (MoM) above expectations (0.1%) in June: Actual (0.2%)
United Kingdom Lloyds House Price Index (MoM) above expectations (0.1%) in June: Actual (0.2%)
Germany Industrial Production s.a. (MoM) registered at 0.9% above expectations (0.2%) in May
Germany Industrial Production s.a. (MoM) registered at 0.9% above expectations (0.2%) in May
EUR/USD Price Forecast: Turns broadly sideways below 20-day EMA
The EUR/USD pair trades marginally lower at around 1.1433 during the European trading session on Tuesday.
Indian Rupee recovers strongly as oil prices remain broadly lower
The Indian Rupee (INR) recovers early losses and turns positive against the US Dollar (USD) on Tuesday.
Asian stocks fall as tech selloff sparks sharp KOSPI slump
Asian equity markets mostly decline on Tuesday as a fresh wave of technology sector selling completely overshadowed Wall Street's tech-led rally from the previous night.
United States Dollar Index holds below 101.00 as fading Fed hike bets counter Hormuz risks
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles for a firm near-term direction and extends its consolidative price moves for the third straight day on Tuesday.
Japan Leading Economic Index came in at 116.8, below expectations (116.9) in May
Japan Leading Economic Index came in at 116.8, below expectations (116.9) in May