Recent euro strength may lead to a roughly 2% fall in European earnings, Citi says

Recent euro strength may lead to a roughly 2% fall in European earnings, Citi says
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Recent euro strength may lead to a roughly 2% fall in European earnings, Citi says
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The AUD/USD forecast appears neutral after the dismal Chinese data. Australian employment data revealing weakness puts RBA in doubts about keeping tighter monetary policy. The markets await US NFP data due on Tuesday for further impetus. The AUD/USD price opened the week slightly lower, trading near mid-0.6600 in Asian hours on Monday as weak Chinese…
Polish presidential election heads to tight run-off with pro-EU candidate leading Source link
Investing.com – The European Central Bank holds its latest policy-setting meeting later this week, and Citigroup advises selling any rallies in the euro around this key event. Markets are pricing in around 49 basis points of easing over the remaining two ECB meetings this year, which could limit dovish repricing around Thursday’s event, according to…
Mixed news out of Saudi Arabia, info comes via Bloomberg citing a pricing list they’ve seen: Saudi Aramco raised the official selling price of its key Arab Light crude to Asia by 90 cents, bringing it to a $2.20 per barrel premium over the regional benchmark vs. expected 65 cents / bbl cut the price…
AUDJPY’s price anticipates a bullish reversal at the $95.53 current support.The bulls may commence the uptick trend and take charge of the market soon. AUDJPY Weekly Price Analysis – September 8 AUDJPY price anticipates a bullish reversal as the current selling pressure may end soon and the Yen price could be ready for an upward…