Tag: Global economy
Gold price drops due to firm US yields and strong USD following solid US...
Gold prices took a hit on Friday, dropping more than 1.70% as economic data from the United States led investors to rethink the possibility...
Crude Oil Resilience: TDS Analysis and Outlook
Crude Oil has shown its resilience once again, with inventory draws providing some support to the market, according to TDS strategists. Despite this strength,...
Eurozone PMI Data Causes EUR/USD Drop Below 1.0700
EUR/USD faced a significant drop to 1.0670 as a result of the weak preliminary Eurozone PMI data for June and the strong performance of...
Eurozone PMI: Manufacturing Drops to 45.6, Services to 52.6 – Market Update
Eurozone's Purchasing Managers' Index (PMI) data for the month of June has raised concerns as both the Manufacturing and Services sectors experienced significant declines....
US Dollar Strengthens as Treasury Yields Rise amid Weak Data
The US Dollar gained strength on Thursday as US Treasury yields rose, boosting the Dollar Index (DXY). Despite weak data, including a decrease in...
Germany’s Economy Minister Discusses Complicated Relationship with China
Germany's Economy Minister recently discussed the country's complicated relationship with China. He highlighted that China is an important partner for Germany in various fields....
Natural Gas Prices Decline as Geopolitical Tensions Ease
Natural Gas prices have been trying to recover after a four-day losing streak. Traders are examining various data points, including the fact that European...
New Zealand Dollar Decline: Forex Market Analysis and Strategies
The New Zealand dollar is facing pressure from the strong US dollar, following the Federal Reserve's updated forecasts last week. Stock market expectations suggest...
EUR/USD Weakness: UBS Outlook on Downside Levels and Triggers
Last week, the EUR/USD experienced a drop due to political news from France, causing it to open the new week with a gap down....
EUR/JPY Price Analysis: Impact of Political Turmoil on Exchange Rate
The Euro has experienced a decline against the Japanese Yen for the second consecutive day, influenced by political uncertainty in France. This uncertainty stems...