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EUR/JPY holds losses near 172.00, moves little following Eurozone PMI data
EUR/JPY loses ground after halting its five-day winning streak, trading around 172.20 during the European hours on Thursday. The currency cross remains subdued despite the release of improved HCOB Purchasing Managers' Index (PMI) data from Eurozone.
USD: Looking cheap - ING
The dollar didn't suffer in the first half of July from trade tensions re-escalating. And it is equally finding no benefit from positive trade deal news.
CHF: No letter yet, but threat of tariffs on pharmaceutical products - Commerzbank
Amidst all the discussions about potential trade deals with the US (see yesterday's article on Japan and today's article on the EU), one important point has been overlooked. Switzerland has not yet received a letter threatening tariffs from 1 August.
JPY: Lots of positives in the price - ING
The Japanese Yen (JPY) has continued to strengthen overnight, remaining the best performer in G10 since the start of the week, up 1.8% against the US Dollar (USD), ING's FX analyst Francesco Pesole notes.
EU talks with the US pick up speed - Commerzbank
Following the announcement of the deal with Japan, it seems that negotiations with the EU are also gathering momentum. Yesterday, the US Treasury Secretary stated that the Japan deal was not a blueprint for the EU, as the latter had not yet presented any such 'innovative' ideas.
EUR: Will the ECB comment on the euro? - ING
The ECB announces monetary policy today and is widely expected to keep rates on hold. Trade and the euro's strength are the two hot topics in Frankfurt today.
Eurozone Preliminary Manufacturing PMI edges higher to 49.8 in July as expected
The Eurozone manufacturing sector remained in contraction, while the services sector expanded in July, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
S&P Global PMIs set to show ongoing US economic strength in July
S&P Global will release on Thursday its preliminary July Purchasing Managers' Indices (PMIs) for the United States, based on surveys of top private sector executives, to provide an early indication of economic momentum.
Silver Price Forecast: XAG/USD downside attempts remain contained above $38.75
Silver (XAG/USD) is trading lower for the second consecutive day on Thursday, as the risk-on mood weighs on demand for the safe-haven precious metals, but the pair has a significant support at the $38.75 area (July 22 lows), which is keeping the bullish structure in place so far.News that the EU is
Pound Sterling trades lower ahead of flash UK-US PMI data
The Pound Sterling (GBP) underperforms its major peers on Thursday ahead of the preliminary United Kingdom (UK) S&P Purchasing Managers' Index (PMI) data for July, which will be published at 08:30 GMT.
GBP/JPY slumps to near 198.30 as Japanese Yen gains on US-Japan trade agreement
The GBP/JPY pair trades 0.3% down to near 198.30 during the European trading session on Thursday.
US Dollar Index remains steady above 97.00 ahead of Purchasing Managers Index data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering losses in the previous four successive days and trading around 97.20 during European hours on Thursday.
German Preliminary Manufacturing PMI improves to 49.2 in July vs. 49.4 expected
The German manufacturing sector contraction eased in July while the services sector returned to expansion, the preliminary business activity report published by the HCOB survey showed on Thursday.
WTI rises above $65.50 on US trade optimism
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.75 during the early European trading hours on Thursday.
NZD/USD remains steady near 0.6050 ahead of US PMI data
NZD/USD extends its gains for the third successive session, trading around 0.6050 during the early European hours on Thursday.
European Central Bank set to keep interest rates unchanged amid US-EU trade uncertainty
The European Central Bank (ECB) is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at each of its last seven meetings. The decision will be announced on Thursday at 12:15 GMT.
Japan's Akazawa: There is no difference in understanding on trade deal with US
Japan's top trade negotiator, Ryosei Akazawa, said on Thursday that the trade deal between Japan and the United States (US) is in line with the country's interests. Akazawa added that he had no discussion with US officials about how to implement the deal yet
EUR/GBP gathers strength to above 0.8650, all eyes on ECB rate decision
The EUR/GBP cross trades in positive territory near 0.8670 during the early European session on Thursday, bolstered by optimism surrounding the European Union (EU) and the United States (US) trade deal. The European Central Bank (ECB) interest rate decision will take center stage later on Thursday.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $65.24 per barrel, down from Wednesday's close at $65.28.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.02 after its previous daily close at $68.06.
Forex Today: ECB policy announcements, PMI data to lift market volatility
Here is what you need to know on Thursday, July 24:
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