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Technical Forex News

EUR/USD breaks below 1.10

The offers on the EUR have finally pushed the EUR/USD pair below 1.10 levels ahead of the EU summit. The common currency is being ditched on signs of Greece-led risk aversion witnessed in the Eurozone bond markets. The safe haven German bunds ticked higher, pushing the yields lower.The benchmark 10-year bund yield is down more than 5 basis points...

Majors

GBP/USD decline halted near 1.5520

The selling pressure around the sterling seems to have found some support in the 1.5520 area, with...

Currencies

EUR/GBP unmoved by UK data, focus shifts to Euro Summit

EUR/GBP keeps range in the European morning, consolidating below 0.71 handle, as the pound remained...

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Fundamental News

Greece may default on debt payments this week− S&P

The rating agency Standard & Poor’s (S&P) is of the view that Greece may default on its debt payments...

Economic Indicators

UK industrial production rises more than expected

The data released by the UK Office for National Statistics (ONS) on Tuesday showed the industrial...

Central Banks

RBA interest rate firm at 2%, no explicit bias

As widely expected, the Reserve Bank of Australia, at its meeting today, decided to leave the cash...

Equities

Shanghai Composite falls as investors ignored support measures

The Chinese stock markets continued to fall on Tuesday as investors ignored the back-to-back support...

Commodities

Gold recovers losses, treads water ahead of Euro Summit

Gold prices on Comex halted its downward rally and recovered losses in the European session, as markets...

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