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German economy is treading waterStrong collapse in expectations in industry is strikingIndustry export expectations have fallen markedlyRate hikes have appeared to dampen demandAs evident from the PMI data, the manufacturing sector - which Germany relies mostly upon -...

Prior 93.6; revised to 93.4Current conditions 94.8 vs 94.8 expectedPrior 95.0; revised to 93.1Expectations 88.6 vs 91.9 expectedPrior 92.2; revised to 91.7This marks the first drop in the headline reading since October last year as German economic conditions begin to...

AUD/USD daily chartAmid a negative turn in risk sentiment and the kiwi also stumbling lower post-RBNZ, the aussie is finding it tough to stay afloat with AUD/USD now down 0.6% to 0.6570 on the day.The pair is now contesting the March and April lows at around the...

The dollar continues to keep steadier in trading today, although the ranges against some major currencies is leaving a lot to be desired. EUR/USD is one of them with the pair stuck in a 21 pips range and keeping little changed at 1.0775 at the moment. USD/JPY is also...

Eurostoxx -1.1%Germany DAX -1.1%France CAC 40 -1.2%UK FTSE -1.1%Spain IBEX -0.9%The slightly softer mood in US futures today, which came after the UK CPI data, also isn't helping to alleviate the pressure. S&P 500 futures are down 7 points, or 0.17%, at the...

What a difference one data point makes. After the BOE policy decision earlier this month, there were still questions about rates reaching a peak of 5.00% in the months ahead. Now, that is very much a given it would seem with markets even fully pricing in an additional...

Let's cut right to the chase. This is not the report that BOE governor Bailey was hoping for when he said that "inflation has turned the corner" in his remarks yesterday.Sure, headline annual inflation may have dropped but that owes much to base effects adjustment as...

German DAX futures -0.8%UK FTSE futures -0.7%The hotter and stickier UK inflation report here also isn't helping with the mood as US futures also erase its slight gains from earlier. But the drop that is set to befall European stocks is mostly to do with the selling...

Prior +10.1%CPI +1.2% vs +0.8% m/m expectedPrior +0.8%Core CPI +6.8% vs +6.2% y/y expectedPrior +6.2%Core CPI +1.3% vs +0.7% m/m expectedPrior +0.9%Boom! The headline reading may reflect a drop in annual inflation from March to April, but take a look at the core...

Things are starting to get dicey now as we are seeing market moves that look like breakouts but are being questioned.EUR/USD back below 1.0800 and 100-day moving average but holding at last week's lowsUSD/JPY keeps above 138.00 but still holding below last week's...

Major currencies aren't doing a whole lot on the day after some pushing and pulling yesterday, with the dollar continuing to keep steadier mostly. The kiwi is the notable mover after the RBNZ signaled the end to its tightening cycle, and that is seeing NZD/USD drop by...

In case you missed the earlier headlines, you can check out the previous session wrap by Eamonn here:That is putting a major drag on the kiwi after the RBNZ hinted at the end of its tightening cycle, reaffirming that rates have reached restrictive territory and will...

Pragmatic cooperation between China and Russia has shown good development trendWilling to work with Russia to promote pragmatic cooperation, take it to the next levelScale of investment between the two countries is also continuously upgradingThese are token remarks...