News
Important Only
FxstreetJul 3, 2024
China: Growth likely slowed to 5% y/y in Q2 – Standard Chartered
FxstreetJul 3, 2024
Markets focus on the US data – Societe Generale
WTI corrects to near $82.30 ahead of US economy and weekly Oil inventory data
EUR/USD to trade between 1.03 and 1.09 – Societe Generale
AUD/JPY is back in fashion – Societe Generale
Germany 10-y Bond Auction: 2.63% vs 2.6%
Economic Indicator
Markets focus on the US data – Societe Generale
The two most-watched US economic surprise indices, published by Bloomberg and Citi, are showing a steady downward trend – i.e., a lot of negative surprises in the data, Societe Generale FX strategist Kit Juckes notes.Fxstreet
Jul 3, 2024
Technical Analysis
USD/CNH: The next resistance above 7.3100 is at 7.3200 – UOB Group
The US Dollar (USD) could edge above 7.3100. The next resistance at 7.3200 is unlikely to come into view, but it is too early to tell if the next significant resistance at 7.3400 will come into view, UOB Group analysts note.Fxstreet
Jul 3, 2024
Other
GS: AI-related investment growth remains strong; adoption by firms still modest
Investment growth in AI-related sectors remains robust, especially for semiconductor companies, Goldman Sachs (NYSE:GS) economists said in a note.Equity markets are anticipating a roughly 50% revenueInvesting.com
Jul 3, 2024
Forex
Dollar slips after dovish Powell speech; euro gains ahead of French vote
Investing.com - The U.S. dollar retreated in early European trade Wednesday after Federal Reserve Chair Jerome Powell flagged progress towards bringing down inflation, while the euro edged higher aheaInvesting.com
Jul 3, 2024
