ECB'S SCHNABEL SAYS RISKS TO GROWTH OUTLOOK ARE MORE BALANCED
European Central Bank Executive Board member Isabel Schnabel stated that the risks to the economic growth outlook have become more balanced, indicating a shift in the ECB's assessment of economic conditions. This perspective may influence future monetary policy decisions and impact currency markets.
Gold (XAUUSD) & Silver Price Forecast: Bullish Triangle Break Hints at $3,382 Gold Target
Gold breaks triangle pattern near $3,345, targeting $3,382, as silver eyes $38 on bullish momentum and technical breakout.
ECB'S SCHNABEL SAYS THE BAR FOR ANOTHER RATE CUT IS VERY HIGH
ECB Executive Board member Schnabel indicated that the threshold for implementing another interest rate cut is very high, suggesting a cautious approach towards monetary easing. This stance reflects the ECB's current outlook on inflation and economic conditions in the Eurozone.
TURKEY CURRENT ACCOUNT DEFICIT NARROWS TO -0.68B IN MAY
Turkey's current account deficit significantly narrowed to -0.68 billion USD in May, improving from the previous -7.86 billion USD and beating estimates of -0.90 billion USD. This improvement indicates a positive shift in Turkey's external economic balance for the month.
UK CHANCELLOR REEVES CALLS TODAY'S GDP FIGURES DISAPPOINTING
UK Chancellor Reeves expressed disappointment over the latest GDP figures, highlighting concerns about the country's economic growth. This may impact investor sentiment and influence currency movements in the UK market.
UK FINANCE MINISTER REEVES SAYS LATEST GDP DATA FALLS SHORT OF EXPECTATIONS
UK Finance Minister Reeves acknowledged that the most recent GDP figures did not meet economic forecasts, signaling potential challenges for the UK economy. This shortfall may influence future fiscal policies and market sentiment.
UK MAY VISIBLE TRADE BALANCE SHOWS LARGER DEFICIT THAN EXPECTED
The UK's visible trade balance for May recorded a deficit of £21,688 million, significantly worse than the previous surplus of £23,206 million and the estimated £21,000 million. This larger-than-expected trade deficit may impact the British pound and market sentiment.
UK TRADE BALANCE SHOWS SIGNIFICANT DEFICIT IN MAY
The UK recorded a trade deficit of GBP 5,699 million in May, a sharp reversal from the previous surplus of GBP 7,026 million and missing the estimated surplus of GBP 4,605 million. This unexpected widening of the trade deficit may impact the British pound and market sentiment.
UK VISIBLE TRADE BALANCE EXCLUDING PRECIOUS METALS SHOWS DEFICIT OF £21.012B IN MAY
The UK's visible trade balance excluding precious metals recorded a deficit of £21.012 billion in May, a significant change from the previous surplus of £21.598 billion. This shift indicates a notable deterioration in the trade position for the month.
UK MAY TRADE BALANCE EXCLUDING PRECIOUS METALS SHOWS DEFICIT OF £5.023BN
The UK reported a trade deficit excluding precious metals of £5.023 billion in May, a significant turnaround from the previous surplus of £5.418 billion and slightly worse than the estimated £5 billion deficit. This shift highlights ongoing challenges in the UK's trade performance amid changing economic conditions.