News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Focus on Asia as Markets Remain Quiet in Europe

Focus on Asia as Markets Remain Quiet in Europe

Katie Pilbeam,

Both China and Germany’s trade balance disappoints, with China reporting weaker than anticipated exports and imports for July. Export growth for China slowed to 7.2% in July which is the weakest pace since February and a much lower reading that the 11.3% rise in June.

German exports dropped by the most since August 2015 to 2.8%, ending five consecutive months of growth. But Germany's trade surplus hit a 10-month high in June as imports fell at a faster rate than exports.

We are awaiting the outcome of the OPEC meeting, which also includes non-OPEC representatives too in Abu Dhabi. The group is looking and hoping to improve compliance from the production cut deal that was struck at the beginning of the year.

For Brent, if we see an hourly close above $53.00, or below $51.38 this would provide the key signs of where the price could go, right now it remains within this symmetrical triangle.

Paddy Power Bet fair shares dropped after the company said it had also been affected by the lack of a major football tournament in June. Last year the company did really well form bets made on the Euro 2016.

Pets at Home shares jumped 8.5% after it reported a 5% rise in first-quarter revenues, thanks to strong demand it’s pet grooming toys. And it’s international cat day – today!

If you're interested in a strategy session, check out the DailyFX Webinar Page.

--- Written by Katie Pilbeam, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES