A survey on Monday showed that German manufacturers witnessed an expansion in July for the first time since December 2018, which indicates a continued recovery in the sector. The IHS Market index of manufacturing purchasing managers, which contributes about a fifth of the economy, rose to 51.0 in July, exceeding …

A private sector survey showed on Monday that manufacturing activity in China expanded at the fastest pace in nearly a decade in conjunction with improved domestic demand, indicating that the second largest economy in the world will help reduce the pandemic blow to the global economy. ome analysts who say …

European stock markets opened higher with caution on Monday, supported by signs of economic growth in China, but doubts remain about the global recovery with the rise of Covid 19 cases. Futures for the German DAX index increased by 0.4%, FTSE 100 futures rose 0.1%, while the French CAC 40 …

Tracked by the US Dollar Index, the USD is looking to add gains around the 93.50 area. The index focuses on the expected data, and the index advanced for the second consecutive session on Monday, regaining the middle of 93.00 on caution in global markets. Investors continue to evaluate the …

FX option expiries for Aug 3 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – GBP/USD: GBP amounts         1.3000 550m  – USD/JPY: USD amounts          104.50 906m106.70 475m – EUR/GBP: EUR amounts  0.9000 576m 

The German economy contracted in the second quarter of 2020 by 10.1% vs. -9.0% expected, it’s the biggest decline on record, as shown by preliminary data on Thursday. On a yearly basis, the German gross domestic product (GDP) contracted 11.7% vs. -10.9% decline expected by analysts, according to the German …

The seasonally adjusted unemployment rate in Germany came in at 6.4% in July vs. 6.5% expected. The figure is better than expected by analysts. Data released earlier beat expectations with the unemployment change falling by 18k in seasonally adjusted terms compared to estimates of an increase of 43k. The adjusted …

The Euro weakened slightly during the early European session and pushed EUR/GBP to daily lows near the middle of 0.9000 after the German GDP figures. After a short consolidation during the first part of Thursday’s trading, the pair faced some new offers and fell near its lowest levels in a …

U.S. president Donald Trump said on Wednesday that his administration and Democrats in Congress were far apart in their efforts to agree on a coronavirus relief bill, as reported by Reuters. And according to Reuters, Trump accused Democrats of not taking care of Americans with their proposals, and said when …

The yield on 10-year (inflation-adjusted) US Treasury bonds fell to a new low of -0.95% on Wednesday after the Federal Reserve reiterated its interest-rate keep plan to its lowest levels in the foreseeable future. Jerome Powell, Chairman of the Federal Reserve, said that monetary policy will remain accommodative until the …