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Euro: Bullish bias builds above key support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken above prior resistance, with rapid gains seen up to 1.1482. Intraday, the pair is seen capable of testing 1.1490 while staying below significant resistance at 1.1520.
USD/JPY Price Forecast: Dollar eases to 162.00, forming a triangle pattern
The US Dollar (USD) holds marginal losses against the Japanese Yen (JPY) at Thursday’s European session opening, and approaches the 162.00 area at the time of writing. Recent price action shows a sequence of lower highs and higher lows, forming a triangle pattern.
Euro remains firm against British Pound after UK growth data
The EUR/GBP cross holds positive ground near 0.8475 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the Euro (EUR) following the UK economic data.Â
United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B
United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B
United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)
United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)
United Kingdom GDP grows by 0.1% MoM in May, as expected
The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May
United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May
United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B
United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B
United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)
United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)
United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)
United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)
United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May
United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May
United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)
United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)
United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May
United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May