Greece's industrial production dropped marginally in July, data from the Hellenic Statistical Authority showed on Wednesday. Industrial production fell by a working-day-adjusted 0.2 percent year-on-year in July, after a 4.6 percent decline in June. Nonetheless, this was the fourth consecutive fall

The buying interest around the single currency remains well and sound for yet another session and is now lifting EUR/USD to the boundaries of the psychological 1.20 mark, clinching at the same time fresh 2020 highs. EUR/USD broke above the multi-day rangebound theme last week and managed to test the

The account of the monetary policy meeting from the European Central Bank is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's produce prices for July. Economists forecast prices to drop 1.8 percent on year, the same rate

Photo: FM Swipe, a digital asset wallet and debit card platform, has just announced that it will soon be launching its services in the US with plans to expand elsewhere in the country after receiving the necessary regulatory sign-offs. The news comes a few weeks after Swipe’s takeover by Binance a

NZD/USD fails to stretch the bounce off 0.6536 beyond 0.6555, stays pressured near one-month low. New Zealand’s Business NZ PMI grew from 56.3 to 58.8 in July. The rise in US treasury yields joins Sino-American tussle and coronavirus woes in New Zealand to weigh on the quote. China Industrial Produc

Daily Pivots: (S1) 1.1734; (P) 1.1808; (R1) 1.1861; EUR/USD is staying in consolidation from 1.1916 and intraday bias remains neutral. Further rise could be seen as long as 1.1695 support holds. On the upside, break of 1.1916 will target will extend larger rally from 1.0635 to 161.8% projection of 1

Authorities of Japan’s Aichi prefecture are likely to announce its own state of emergency, in the face intensifying coronavirus spread, per Kyodo News. This comes after Aichi confirmed over 2,300 coronavirus cases during the pandemic, with total active cases seen over 1,700. Market reaction The yen

FX option expiries for July 31 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1675 856m  1.1800 854m 1.1850 516m 1.1900 888m 1.2000 550m  - USD/JPY: USD amounts          103.75 440m 105.00 605m 105.25 390m 106.00 1.2bn  - USD/CAD: USD amounts         1.3300

The Nikkei has formed an inverted head and shoulders pattern. The price is bullish and the pattern might provide a breakout to the upside. 22600-650 is the POC zone. We can see the bottom of the right shoulder as the price is trying to bounce. The first target is the trend line confluence around D H

European stocks are likely to open higher on Monday after top aides to U.S. President Donald Trump said on Sunday they agreed in principle with Senate Republicans on a $1 trillion coronavirus relief package. However, Democrats and Republicans have yet to come to an agreement over further stimulus

US stocks are off early-morning highs but still trading firm as enthusiasm around positive news on progress in developing a virus vaccine, and continued robust macro data, continues to float markets in rough seas as the worsening outlook on the virus front continues to churn in the background. At on

Risk appetite waned the past week as the number of new global COVID-19 cases continued to surge. The outbreak in the US is continuing to worsen, The country recorded 45,242 new cases of COVID-19 on Friday, the largest single-day increase of the pandemic and thus several states took steps back from e