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Eurozone Retail Sales decline by 0.5% in July vs. -0.2% expected
Retail Sales in the Eurozone decline by 0.5% on a monthly basis in July, the Eurostat reported on Thursday. This print followed the 0.6% increase recorded in June (revised from 0.3%) and came in worse than the market expectation for a decline of 0.2%.
Fxstreet
Thu, Sep 4
GBP: Once again, the narrative of the UK as a developing country – Commerzbank
On Tuesday, there were several reports once again claiming that the United Kingdom was a developing country. This was due to gilt yields rising significantly and the pound coming under considerable pressure.
Fxstreet
Thu, Sep 4
USD/CHF nudges up above 0.8050 following soft Swiss CPI data
The US Dollar is crawling higher against a somewhat weaker Swiss Franc, as the unexpected contraction in Switzerland’s consumer prices in August feeds speculation that the SNB will cut rates into negative levels over the coming months.The pair is crawling higher from Wednesday’s lows at 0.8025, but
Fxstreet
Thu, Sep 4
Pound Sterling trades stably as BoE members signal uncertainty on interest rate outlook
The Pound Sterling (GBP) trades calmly against its major peers on Thursday as the Bank of England (BoE) officials delivered mixed remarks on the monetary policy outlook before the House of Commons’ Treasury Committee the previous day.Fxstreet
Thu, Sep 4
EUR/USD ticks lower with Eurozone Retail Sales on tap
The EUR/USD pair trades with minor losses at 1.1650 at the opening of the European session on Thursday. The pair keeps looking for direction, not far from the lower end of the last few weeks' trading range, ahead of the Eurozone's Retail Sales report.Fxstreet
Thu, Sep 4
AUD/JPY Price Forecast: Tests confluence support zone near 96.50, nine-day EMA
AUD/JPY halts its winning streak that began on August 21, trading around 96.70 during the early European hours on Thursday. The technical analysis of the daily chart shows that the currency cross is positioned within the ascending channel pattern, suggesting a prevailing bullish bias.
Fxstreet
Thu, Sep 4
EUR/GBP gains ground above 0.8650 ahead of Eurozone Retail Sales release
The EUR/GBP cross gains traction to around 0.8680 during the early European session on Thursday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as market bets that interest rates will remain unchanged in the near term. The Eurozone Retail Sales will take center stage later on Thursday.
Fxstreet
Thu, Sep 4
USD/INR edges lower as India revises GST slabs to boost economy
The Indian Rupee (INR) ticks up against the US Dollar (USD) at open on Thursday. The USD/INR pair edges lower to near 88.15 as the Indian government has revised Goods and Services Tax (GST) rates lower to boost consumption.Fxstreet
Thu, Sep 4
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