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Tag: EUR

DAX subdued on lack of fundamentals

The DAX index has ticked lower in the Tuesday session. Currently, the DAX is at 12,566, up 0.05% on the day. On the release front, there are no major German or eurozone events. In economic news, the eurozone trade surplus slipped to EUR 16.9 billion, short of the estimate of EUR 17.6 billion. This marked […]

EUR/USD – Euro edges higher, investors eye Powell testimony

EUR/USD has posted gains in the Tuesday session. Currently, the pair is trading at 1.1733, up 0.18% on the day. In economic news, there are no events in the eurozone. The U.S releases manufacturing and housing indicators. Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee. On Wednesday, the Eurozone releases Final CPI and […]

Monday blues or Dog days of summer

Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed to inspire investors. And we might chalk it up to a typical summer afternoon NY […]

US Retail Sales Rise in June

U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter. Signs of a strengthening economy, together with a tightening labor market and firming inflation, likely will keep the Federal Reserve on track to continue raising interest […]

Chinese Economic Cool Downs Ahead of Trade War Impact

China’s huge economy is cooling just as trade tensions with the United States are heating up. The world’s second-biggest economy grew by 6.7% in the second quarter of the year. That was slightly lower than the previous quarter and is China’s slowest rate of quarterly growth in almost two years. The official figures released Monday […]

UK PM May Under Fire Compromises Again on Brexit Bill

Prime Minister Theresa May bowed to pressure from Brexit supporters in her governing Conservative Party on Monday, accepting their changes to a customs bill that underpins Britain’s departure from the European Union. May, vulnerable in parliament after losing her party’s majority at an ill-judged election last year, has come under fire from both wings of […]

IMF Warns Trade War Could Cost Global Economy $430B

Rising trade tensions between the United States and the rest of the world could cost the global economy $430bn (£324bn), with America “especially vulnerable” to an escalating tariff war, the International Monetary Fund has warned. Delivering a sharp rebuke for Donald Trump, the Washington-based organisation said the current threats made by the US and its […]

Putin Says That Russia Did not Meddle in US Elections

Russian President Vladimir Putin told President Donald Trump Monday that he never meddled in the 2016 U.S. election, the Russian leader said Monday at a joint press briefing. “Once again, President Trump mentioned the issue of the so-called interference of Russia with the American elections, and I had to reiterate things I said several times […]

Strong USD Creates Market Headwinds

While Wall Street has been focused on trade talks and diplomatic tensions over the summer, the U.S. dollar has quietly crept to its highest levels of the year. The DXY U.S. dollar index, which measures the greenback against a basket of currencies, has surged since April lows to hold year-to-date highs through July. Speaking with […]

DAX ticks lower as investors look for cues

The DAX index has ticked lower in the Monday session. Currently, the DAX is at 12,521, down 0.12% on the day. On the release front, there are no major German or eurozone events. In economic news, the eurozone trade surplus slipped to EUR 16.9 billion, short of the estimate of EUR 17.6 billion. This marked […]