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Another macro data, another disappointment from Europe’s largest economy, the Germany Wholesale Price Index (year of year) came in at 0.3% below expectations of 1.3% for June. The Wholesale Price Index (month over month) came in at -0.5%, also missing forecasts of 0.2% in June. EURUSD lost 5 pips on [...]
In the last day of our trading week investors await the China June 2019 trade balance data at 7:00GMT. Euro traders will focus on Germany June wholesale price index to be released at 6:00GMT, you can find the previous reading and forecast in our Forex calendar. At 7:00GMT the Spain [...]
Binance, the world’s biggest cryptocurrency exchange, has kicked off margin cryptocurrency trading on its new Binance 2.0 trading platform. The platform has been optimized to enable users to access the trading platform and exchange at the same time, something which was not available with the initial version. For a volatile [...]
In what may be an industry first, open-source computing platform Blockstack has just been granted regulatory approval by the US Securities and Exchange Commission to conduct a token offering. This is the first time the industry will be seeing a token offering which will be subjected to the same scrutiny [...]
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United States EIA Natural Gas Storage Change came in at 81B, beating forecasts of 73B in July 5. Oil prices are trading higher for one more day amid increasing geopolitical tensions. The American Petroleum Institute reported a crude inventory draw of 8.129 million barrels for the week ending July 4th, [...]
GBPUSD lost momentum after the US Core CPI which came in at 0.3% m/m, and headline CPI m/m came in at 0.1%. The pair hit the daily high at 1.2571 but after the buyers run out of steam, and the price retreated back below 1.2545. In its Financial Stability Report [...]
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US Core CPI came in at 0.3% m/m, and headline CPI m/m came in at 0.1%. If the data had surprised to the upside by a deviation of at least 0.2%, then it would have likely provided some relief for the US dollar, and it could recover some of yesterday’s [...]