31 July, 2018
According to the Commerce Department, consumer spending in the US has broadly improved on higher spending on restaurants and accommodation, rising 0.4% in June...
The euro has been growing for the third consecutive session, recovering from last week’s sharp collapse. Released today important data on GDP, inflation and unemployment in the Eurozone were mixed, but this did not stop the growth of the single currency...
Chinese government aims to keep its economic growth within a reasonable range, maintaining a proactive fiscal policy and a prudent monetary policy...
DAX is trading rather calmly at 12,808, having lifted 0.08%. German retail sales rose 1.2%. Preliminary Consumer Price Index rose from 0.1% to 0.3%...
Euro continues to strengthen against US dollar today. The EUR/USD pair grew by 0.16% to trade at 1.1724 level. Eurozone economic growth slowed slightly in the second quarter. Eurostat said the euro area economy grew by an annualized 2.1% in the three months to June, down from 2.5% in the first quarter, compared to forecasts of 2.2%. The economy expanded by 0.3% qoq in the second quarter. Meanwhile, Eurozone inflation accelerates in July. Eurozone consumer price index rose 2.1% in July from the same month a year earlier, compared to expectations for a reading of 2%. Core inflation rose to an annual rate of 1.1% from 0.9% in the previous month...
Toshimitsu Motegi (Japanese Economy Minister) announced that the US President Donald Trump and Japan Prime Minister Shinzo Abe will have the first bilateral trade negotiation in Washington next week...
According to the Eurostat statistics agency, Eurozone inflation improved, with CPI growing 2.1% in July. The data added to ECB’s plan to end the asset purchase program gradually...
Trading is neutral for recovery with focus on minor resistance 146.51...
Firm recoil from 129.10 as well as breach of 130.25 minor resistance confirms ending of the retreat from 131.97. Increase from 124.61 is extending while the whole 127.13 support holds...
The cross significantly recommenced after touching 0.8864. Upside is bounded under 0.8957. Trading character is neutral. The correction from 0.8957 might be progressing while 0.8815 support is present. Bigger rally should resume...
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