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 Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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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
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
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
Two prominent hawks poured cold water on market bets for 1% rate increase and the pair backs-off today, from Thursday’s twenty-four year highs
Wednesday’s new inflation surge in the US has led to a hawkish repricing by markets for the Fed’s next rate move, but the pair shows resiliency and tries to defend parity
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