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Tag: German Buba President Weidmann

DAX Jumps as New Italian Government, Korea Summit Stokes Optimism

The DAX has posted sharp gains in the Tuesday session. Currently, the DAX is at 12,897, up 0.99% on the day. In economic news, German Final Services PMI dropped to 52.1, matching the forecast. It was a similar story with Eurozone Final Services PMI, which fell to 53.8, just shy of the estimate of 53.9 points. […]

EUR/USD – Euro Calm as German, Euro Services PMIs Within Expectations

EUR/USD is unchanged in the Monday session. Currently, the pair is trading at 1.1697 down 0.01% on the day. On the release front, the focus is on the service sector. Eurozone and German Final Services both dropped in May, but met expectations. Eurozone retail sales remained unchanged at 0.1%, but this missed the forecast of […]

DAX Steady as Italy Forms New Goverment

The DAX has started the week in positive territory. In the Monday session, the DAX is at 12,749, up 0.20% on the day. In economic news, there are no major eurozone events. Eurozone Sentix Investor Confidence tumbled to 9. 3, well short of the estimate of 18.6 points. On Tuesday, Germany releases Final Services PMI and retail […]

EUR/USD – Euro Gains Ground at Start of Week

EUR/USD has recorded small gains in the Monday session. Currently, the pair is trading at 1.1694, up 0.30% on the day. On the release front, there are no major events in the eurozone or the U.S. The eurozone will release Sentix Investor Confidence and PPI. On Tuesday, Germany releases Final Services PMI and retail sales. […]

DAX Rebounds on Strong German Confidence Report

The DAX is sharply higher in the Friday session, erasing the losses from the Thursday session. Currently, the DAX is at 12,996, up 1.10% on the day. On the release front, German Ifo Business Climate ticked higher to 102.2, above the estimate of 102.0 points. Later in the day, Fed Chair Jerome Powell and German Bundesbank President Jens […]

EURUSD – Euro Ticks Higher, German Business Climate Meets Expectations

EUR/USD has posted slight gains in the Friday session, erasing the losses seen on Thursday. Currently, the pair is trading at 1.1705, up 0.23% on the day. On the release front, German Ifo Business Climate ticked higher to 102.2, above the estimate of 102.00 points. In the US, the focus is on durable goods reports. Core […]

DAX Rebounds, Markets Await US Employment Data

The DAX index has moved upwards in the Friday session. Currently, the DAX is at 12,738 points, up 0.39% on the day. On the release front, German and Eurozone Services PMIs for April came in at 53.0 and 54.7 points, respectively, as both missed their estimates. Eurozone retail sales also disappointed, as the reading of 0.1% […]

DAX Dips as Eurozone CPI Misses Forecast

The DAX index has lost ground in the Wednesday session. Currently, the DAX is at 12,753 points, down 0.37% on the day. On the release front, Eurozone CPI Flash Estimate dropped to 1.2%, shy of the estimate of 1.3%. Core CPI Flash Estimate followed a similar trend, dipping to 0.7%, short of the forecast of […]

EUR/USD – Weak Euro Heading to 1.20, European Markets Closed for May Day

EUR/USD continues to lose ground this week. In the Tuesday session, the pair is trading at 1.2037, down 0.36% on the day. On the release front, European markets are closed for May Day, so there are no eurozone or German releases. In the US, today’s key event is ISM Manufacturing PMI, which is expected to […]