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Technical Forex News

GBP/USD fresh 7−week lows, BoE comments weigh

The GBP/USD extended the decline and fell to fresh 7-week lows sub-1.6900 Thursday, weighed by broad USD strength and dovish comments from a BoE official. The GBP/USD broke below another important support...

Majors

EUR/USD is trying to get above 1.34 on strong German data

EUR/USD was trading at 1.3390 before the German data released labor report; it’s trading at 1.3396...

Currencies

USD/CAD consolidates above 1.0900

The greenback extends its upside momentum on Thursday, lifting the USD/CAD beyond the 1.0900 handle....

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Fundamental News

Moody's cuts outlook for Swiss banking system to negative

Moody’s ratings agency announced on Thursday its decision to downgrade the outlook from Switzerland’s banking system from Aaa stable to negative, suggesting that the probability of senior creditors...

EMU: CPI slows down to 0.4% in July

According to preliminary data released today by Eurostst, on an annual basis Eurozone inflation slowed...

Central Banks

ECB's Bonnici: Must assess impact of recent measures before applying new stimulus

Malta’s central bank chief and ECB Governing Council member Josef Bonnici said on Wednesday that the...

Equities

European stocks fall for a second day

European stocks fell Thursday amid mixed earnings and some risk aversion. Portuguese Banco Espirito...

Commodities

Gold drops sharply from 1−week highs

Gold reversed sharply and tumbled from 1-week highs at $1,312 to $1,296 reaching the lowest price...