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Technical Forex News

EUR/USD consolidates near 1.0860

The EUR/USD pair is trading in the sideways manner around 1.0860 as investors await the US ADP and service sector data due for release later today. The spot is trading below 1.0864 after having faced rejection at 1.0894 earlier today. The recovery stalled after the data showed the Eurozone service sector activity slowed down in July. The focus now shifts to the US ADP employment data, which is expected to show 210k growth..

Majors

GBP/USD stuck around 1.5575, awaits US data

The British pound trimmed early gains and now trades around a flat line versus the American dollar...

Currencies

USD/CAD stays close to 1.3200

The greenback remains on the rise vs. its Canadian counterpart on Wednesday, taking USD/CAD to a consolidation...

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Fundamental News

EU spokesperson: Encouraged by progress in Greek bailout talks

European Commission's spokesperson said that they are encouraged by the recent discussions over the...

Economic Indicators

UK service sector cools in July

The seasonally adjusted Markit/CIPS UK Services PMI in July printed at 57.4 compared to June’s 58.5....

Central Banks

Fed's Lockhart: Next meeting could be appropriate to rise rates

Dennis Lockhart, President of the Federal Reserve Bank of Atlanta boosted the US dollar in the currency...

Equities

FTSE strengthens as Miners rally

The London’s Ftse index on Wednesday was boosted by the gains in the Mining shares and better-than-expected...

Commodities

WTI extends recovery towards $ 47, EIA stockpiles report eyed

WTI oil on NYMEX extends its upbeat momentum for the second straight session on Wednesday, recovering...

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