Data released by the Australian Bureau of Statistics this morning showed that the retail sales index posted better-than-market expectations, rising by 2.7% in June compared to expectations for 2.4%. This indicator is a measure of consumer spending, which represents the majority of economic activity in general and affects the stock …
Read More »IFO: Signs of Recovery in The Automotive Industry
In a survey conducted by the German IFO Institute this morning about the auto industry in Germany, the results of the survey showed signs of recovery soon. However, expectations are still below 50. This comes after the latest data of Eurozone, which indicated the improvement of the manufacturing sector in …
Read More »Australia: Trade Surplus Fell Short of Expectations
Data released by the Australian Bureau of Statistics this morning showed that the trade balance in Australia recorded a surplus below expectations, as the surplus during June reached AUD8.20 billion, below the expected AUD8.80 billion. Remains better than May’s at AUD8.03 billion and revised to AUD7.34 billion. The trade balance …
Read More »Gold Futures Fell During The Asian Session
According to the COMEX of New York, gold futures for October traded at $ 1978.15/oz, down 0.17%. It was previously traded lower at $ 1977.05/oz. Gold may find support at $ 1941.70 and resistance at $ 1997.00. The dollar index, which measures the performance of the greenback versus a basket …
Read More »FX Option Expiries For Aug 4 NY Cut
FX option expiries for Aug 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1650 1.8bn1.1725 769m1.1750 827m – USD/JPY: USD amounts 105.75 401m106.00 521m106.07 444m – USD/CAD: USD amounts 1.3330 1.4bn1.3450 738m
Read More »Silver Fell After Historic Monthly Gain
Silver prices fell on the European market on Monday under pressure from the recovery of American currency levels against a basket of global currencies, at the beginning of August trading, after achieving the largest monthly gain in percentage in the history of trading the white metal in july. Silver prices …
Read More »Russia Increases Oil Production While Reducing OPEC+ cuts
The source familiar with the data on Monday said that Russia’s production of oil and gas condensates increased to 9.8 million barrels per day in the first and second of August, compared to 9.37 million barrels per day in July amid reducing production cuts agreed within the framework of OPEC …
Read More »Gold Jumps to All-Time High
Gold prices rose to an all-time high on Monday with the demand for the metal as a safe haven boosted by concerns over the economic implications of growing Covid-19 cases, but a rise in the dollar limited the gains. The spot of gold was stable at $ 1973.75 an ounce, …
Read More »British Factory Production is Growing at the Fastest Pace Since 2017
British industrial production grew at its fastest rate in nearly three years in July, as factories reopened and demand improved after easing closings. The IHS Market / CBS Manufacturing Purchasing Managers Index rose to 53.3 in July from June’s reading of 50.1, in line with a previous preliminary estimate of …
Read More »Eurozone Factory Activity Bounced Back in July
A survey on Monday showed Eurozone factory activity growth for the first time since early 2019 last month on the recovery in demand after a further easing of the restrictions of Covid-19 Over 18 million people have been infected by the Covid-19. But governments across Europe eased some of the …
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