Markets are cheering the potential reopening of the economies and benefit from Fed stimulus, says Dr. Mário Blaščák, Columnist at business daily Hospodárske noviny In a wide-ranging interview with Yohay Elam, Blaščák discusses upcoming central bank meetings, the vulnerability of Britain, gold prices, and why the autumn may bring a downfall among other topics. Not everything is gloomy and there are always opportunities.
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EUR/USD remains offered in the sub-1.1600 region
EUR/USD resumes its weekly drop following Wednesday’s hiccup, navigating the 1.1580 region amid the contination of the upside momentum in the US Dollar (USD), which gathers fresh traction on the back of auspicious prints from Jobless Claims and Retail Sales statistics.
GBP/USD keeps the bearish tone unchanged around 1.3400
GBP/USD fails to build on Wednesday's gains, trading in negative territory around the 1.3400 neighbourhood on Thursday. The encouraging UK labour market report lent initial support to the British Pound, although the firm tone in the Greenback maintains Cable under scrutiny.
Gold meets contention near $3,300 for now
Gold remains on the back foot, hovering around the $3,320 mark per troy ounce on Thursday, and retreating from a recent multi-week high around $3,370. The US Dollar gains from the positive weekly Initial Jobless Claims and June Retail Sales readings, keeping XAU/USD on the defensive.
Top Crypto Gainers: FLOKI, BONK post double-digit gains, CRV targets $1
Solana-based meme coins Floki and Bonk edged lower by 2% at press time on Thursday, following the 30% gains on Wednesday, ranking as top crypto gainers in the last 24 hours. Curve DAO ranks third with a 21% surge following a triangle setup breakout, targeting the $1 psychological level.
China’s first-half growth remains on track, though activity data signals caution
China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.
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