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Norway Registered Unemployment s.a climbed from previous 77.535K to 79.275K in July
Norway Registered Unemployment s.a climbed from previous 77.535K to 79.275K in July
Italy Consumer Confidence registered at 94.2 above expectations (92.5) in July
Italy Consumer Confidence registered at 94.2 above expectations (92.5) in July
Italy Business Confidence above expectations (88.9) in July: Actual (89.6)
Italy Business Confidence above expectations (88.9) in July: Actual (89.6)
Germany Unemployment Rate s.a. above expectations (6.3%) in June: Actual (6.4%)
Germany Unemployment Rate s.a. above expectations (6.3%) in June: Actual (6.4%)
Germany Unemployment Change came in at 6K, above forecasts (5K) in June
Germany Unemployment Change came in at 6K, above forecasts (5K) in June
NZD/USD Price Forecast: Previous highs around 0.5860 are holding bears for now
The New Zealand Dollar (NZD) ticks lower against the US Dollar (USD) on Friday, but remains steady near eight-week highs at 0.5885, with downside attempts contained above a previous resistance area at 0.5860 so far.
Euro: Supported by growth surprise – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD has broken back above 1.15 for the first time since mid-June as Eurozone Gross Domestic Product (GDP) outpaced United States (US) growth in annualised terms.
Bank of England: Dovish hold shapes Pound outlook – UOB
UOB strategists highlight that the Bank of England (BoE) kept its policy rate at 3.75%, with Governor Bailey stressing no move toward a hike despite US-Iran conflict risks.
USD/JPY Price Forecast: Likely extend decline below 158.00
The US Dollar (USD) gives back some of its early gains against the Japanese Yen (JPY), but is still 0.5% higher at around 160.30 during the European trading session on Friday.
Euro holds gains above 1.1500 awaiting of Eurozone inflation data
The Euro (EUR) nudges lower against the US Dollar (USD) on Friday, but remains near six-week highs, holding well above 1.1500 so far, on track for a 1.3% rally this week, its best weekly performance in nearly four months.
Turkey Trade Balance came in at -10.37B, above forecasts (-10.4B) in June
Turkey Trade Balance came in at -10.37B, above forecasts (-10.4B) in June
Equities: Tech rebound spreads across global markets – Deutsche Bank
Deutsche Bank strategists note that strong Microsoft earnings triggered a global technology rebound, lifting the KOSPI, Nasdaq and semiconductor stocks.
Australian Dollar gathers strength above 0.7000 amid softer US GDP data
The AUD/USD pair gathers strength to near 0.7035, the highest since June 17, during the early European session on Friday. Expectations that the Reserve Bank of Australia (RBA) might implement another interest rate hike this year underpin the Australian Dollar (AUD) against the US Dollar (USD).Â