Daily Analysis EURUSD - 18 Aug 2023
Eurostat is set to release the final Consumer Price Index for July, with the annual rate expected to remain steady at 5.3%, holding no surprises.
Read MoreEurostat is set to release the final Consumer Price Index for July, with the annual rate expected to remain steady at 5.3%, holding no surprises.
Read MoreThe DXY is testing July's highs around 103.50, boosted by higher US Treasury yields and cautious market sentiment.
Read MoreThe Eurozone is expected to release economic data on Wednesday, including preliminary Q2 GDP figures which are anticipated to show minimal growth of 0.2%, along with potentially negative industrial production data.
Read MoreThe EUR/USD pair rebounded from its recent low of 1.0875, rising to around 1.0925, marking a 0.17% gain during the day.
Read MoreRenewed concerns regarding the deepening crisis within China's property sector and its potential repercussions on the global economy prompted investors to seek safe havens during Monday's Asian trading hours.
Read MoreItaly's recent announcement of a windfall tax targeting its lenders led to a sharp decline in banking stocks.
Read MoreThe German Harmonized Index of Consumer Price (HICP) matched the market consensus at 6.5%, while the Eurozone Sentix Investor Confidence improved from -22.5 in July to -18.9 in August, aligning with the expected -23.4.
Read MoreIn Germany, the annual inflation rate for July 2023 was officially confirmed at 6.2%.
Read MoreGerman industrial production dropped by 1.5% in June, surpassing the predicted 0.5% decline, according to data from the federal statistics office.
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