Gunther

At 5.00 am ET Tuesday, European Commission releases economic sentiment survey data. The euro area economic confidence is forecast to rise to 89 in September from 87.7 in August. Ahead of the data, the euro traded mixed against its major counterparts. While the euro held steady against the the greenb

That's the widespread assessment on the early information filtering through about the ByteDance decision on Oracle's bid. Microsoft is out of the race: ByteDance rejects MicroSoft's offer for TikTokNY  Instead it appears ByteDance has favoured a business partnership with Oracle. Bloomberg report

Daily Pivots: (S1) 139.67; (P) 139.99; (R1) 140.34; Intraday bias in GBP/JPY stays neutral first. Further rally is mildly in favor as long as 137.84 support holds. Decisive break of 140.20 will target 100% projection of 123.94 to 135.74 from 129.27 at 141.07. However, break of 137.84 will indicate s

Daily Pivots: (S1) 105.78; (P) 106.17; (R1) 106.38; USD/JPY is still bounded in range despite some volatility in early US session. Intraday bias remains neutral for the moment. On the upside, break of 107.05 will revive the case of near term reversal and bring stronger rally. On the downside, break

Year-to-date new home sales total 450,000. That is the 6th consecutive increase January through July. Comparisons Gone Haywire Seasonally adjusted annualized (SAAR), New Home Surged to a 13-Year High With the Midwest Leading the Way. By Region Month-Over Month Percentages US: +13.9% Northeast: -23

Sri Lanka's central bank left its key rates unchanged on Thursday after cutting it by 100 basis points last month. The Monetary Board of the Central Bank of Sri Lanka decided to hold the Standing Deposit Facility Rate at 4.50 percent and the Standing Lending Facility Rate at 5.50 percent. The bank

Early Tuesday morning, at 01:30 GMT, the Reserve Bank of Australia (RBA) will release minutes of the latest monetary policy meeting held during the early-August. The RBA’s August month monetary policy meeting matched wide market forecasts of no rate cut and an intact bond-buying program. However, th

EUR/GBP witnessed some selling on Thursday amid a pickup in the British pound. Not so dovish BoE monetary policy statement provided a modest lift to the sterling. The bid tone surrounding the shared currency might help limit any deeper losses. The British pound picked up some pace post-BoE announce

AUD - Australian Dollar The Australian dollar maintained its upward momentum through trade on Monday, pushing back above 0.71 amid broad based US dollar weakness. Having opened below 0.7090 the AUD climbed steadily throughout the day marching back toward 0.7150 and intraday highs at 0.7151. Despite

USD/CHF trades southwards near the lowest since March 10. Oversold RSI can trigger the pair’s bounce off a descending trend line from March 30. Bulls may refrain entries, even for short-term, unless witnessing a daily close past-21-day SMA. USD/CHF stays offered around 0.9320, down 0.12% on a day,

General Trend: - Hang Seng rises amid strength in the tech sector, Tencent jumps over 5% after Nasdaq rise - Shanghai Composite trades flat during morning after over 3% gain during prior session; Financials decline, while Industrials gain - Consumer Discretionary, Energy and Financial firms are amon