There is a general correction in the overall dollar strength, and during London time, the Euro is showing a counter-trend weakness.
In general, there is a correction in the previous dollar strength. During London time, the Euro has been declining, showing a distinct weakness. This is in response to the German Ifo Business Climate Index for July, which declined more than expected. Following weak Eurozone PMI flash readings from the previous day, this latest data added […]
The pound buying reaction is strengthening, and the UK must immediately terminate trade negotiations with the EU
“We suggest that the UK will not immediately terminate trade negotiations with the EU,” he said in headline news. In response to this, the reaction of buying pounds is increasing. (Source: Bloomberg) In response to this, GBP suddenly rebounded. Currently, the power balance at 15 minutes is GBP = JPY> NZD> AUD> EUR = CAD […]
Euro area GDP will be reduced by 40% annually, and there is a view that it will be a blow over the United States
This week, GDP announcements in the second quarter are being made one after another. It was announced today that the euro area preliminary figures were -12.1% YoY. Replacing this with the year-on-year rate gives -40.3%. The US figures released yesterday were a year-on-year rate of -32.9%. A simple comparison shows that the euro area has […]