GER30 Upbeat despite the Contraction of the Manufacturing Sector
Today’s preliminary data showed that Eurozone and Germany manufacturing activity contracted in July, but the German index is constructive
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
Page 89 of 140
Today’s preliminary data showed that Eurozone and Germany manufacturing activity contracted in July, but the German index is constructive
The European Central Bank raised rates for the first time since 2011 on Thursday, by more that it had previously pointed to, with the pair dropping today as EZ factory activity contracts
The central bank raised rates for the first time in eleven years today, opting for a bolder 50 basis points, against its previous forwards guidance for a more modest move
BTC/USD faces difficulties after the strong start to the week and struggles to sustain its recent advance, while Tesla said on Wednesday that it had offloaded most of its Bitcoin holdings
The king of the Electric Vehicle market reported overall solid results for Q2, but comparisons with the previous quarter are not flattering
Netflix stock rises in today’s pre-market, after reporting a smaller than expected loss of subscribers, while offering updates on its plans for ad-supported tier and password sharing
CPI Inflation accelerated 9.4% y/y in June as today’s data showed, aggravating cost-of-living fears, while the Pound consolidates it recent gains against the greenback
A Reuters report suggests that officials of the European Central Bank will discuss about raising rates by 25 or 50 bps, which sends the pair higher, whereas bets for an outsized move by the Fed cool down
ETH/USD runs its fifth straight profitable day and extends its recovery from the 1K mark, but now reaches imposing technical levels
The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down
The latest earning season got underway, with the banking sector and Delta Airlines in the spotlight, while more developments such as Amazon’s Prime Day, drew our attention this week
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.