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ZEW German economic sentiment drops sharply in February

The European Economic Research center, ZEW, revealed the monthly economic sentiment index on Tuesday. Recorded sharply lower than the economists’ forecast for February, the report weighed on Euro in the forex market that immediately lost traction following the release of...

GBP/USD Recovers After Chancellor Javid Quits

The pound recorded a positive week against the dollar as it managed to erase around half of the prior week’s losses. Investors were aggressively buying the pound after the UK Chancellor Sajid Javid resigned. Fundamental analysis: Sunak to replace Javid...

EUR/USD Hits A 34-Month Low On Renewed Dollar Demand

EUR/USD has fallen to the lowest levels seen since April 2017 on the continuous investors’ demand for the dollar. The political uncertainty in Germany isn’t helping the EUR bulls at all, as the EUR/USD eyes levels below $1.08 next. Fundamental...

U.S core CPI posts at 0.2% in January versus December’s 0.1%

The U.S Bureau of Labor Statistics announced the Consumer Price Index (CPI) on Thursday. The report cited greater household spending on clothing and rents that saw an increase in the index in January. Thursday’s data, as per the experts, suggested...

NZD/USD Gains More Than 1% On Hawkish RBNZ

NZD/USD has gained more than 1% today after the Reserve Bank of New Zealand (RBNZ) delivered an optimistic message to markets. The price action now tests the key resistance area around the $0.65. Fundamental analysis: RBNZ expects economy to rebound...

Australia’s trade surplus contracts by $295 million in December

The economic data continues to weigh on the Australian economy. Earlier on Thursday, the Australian Bureau of Statistics had announced a worse than expected 0.5% decline in monthly retail sales, much of which was attributed to the bushfires in Australia...

Monthly retail sales in Australia drop to the worst in 2.5 years

The Australian Bureau of Statistics announced the monthly retail sales report on Thursday that printed December’s data as the worst in two and a half years. Analysts attributed the sharp decline in retail sales to the bushfires in Australia’s south-eastern...

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