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Barclays is suggesting to buy USD/CHF as the most tradable pair for this week: "We think poor Swiss fundamentals continue to support CHF depreciation from still-overvalued levels...
This is busy week for euro with one high impacted news event - on Tuesday morning we will see ZEW German business confidence data which is expected to remain the same as last month’s figure: 63.9. And the figure which comes in below the expectations could prompt weakness...
The latest survey result is 51.6 vs 51.0 prev. It was the first climb in three months. At the same time, the outlook index dropped for the second straight month in July by 1.6 percent to 51.9 from 53.5 in the preceding month. In May, the score came in at 54.5. And to remind: above 50...
Gold is traded not far above a five-and-a-half-year low on Monday with firm dollar after solid US job data suggesting that Federal Reserve could raise interest rates next month. Spot gold was unchanged at $1,092.86 by 02:20 GMT recovering from low of $1,089.40...
Chinese data The People's Bank of China will provide more stimulus to the economy by cutting the 1-year lending rate by at least 25bps. The Bank already cut 3 times taking interest rates from 5.60% to 4.85...
This week’s most awaited reports include U.S. JOLTS, Germany’s GDP for Q2, U.S. PPI, U.S. retail sales, Canada’s manufacturing sales, U.S. consumer sentiment, Germany’s ZEW economic sentiment, China’s industrial production, OPEC and IEA reports, and GB claimant...
The dollar index is up about 0.1 percent after rising as high as 98.334 on Friday, and its highest since April 23 after U.S. nonfarm payrolls rose 215,000. Marc Chandler (global head of currency strategy at Brown Brothers Harriman) told 125 was a near-term top as the U.S...
On Friday the euro climbed versus the greenback, with investors eyeing U.S. nonfarm payrolls report due later in the day. The pound was slightly lower after data on U.K. trade deficit...
On Friday the euro fell against the greenback after rising to extend modest gains from the previous session, and U.S. Treasury prices jumped ahead of Friday's report on the employment situation in the U.S...