Financial News

U.S. industrial production likely to have risen modestly in June

U.S. industrial production data for the month of June is set to release tomorrow. Reflecting slower global growth and ongoing trade uncertainty, manufacturing production has floundered in 2019 and weighed on total industrial production, noted Wells Fargo in a research report.

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Polish wage growth to have accelerated in June, industrial production likely slowed down

Polish wage growth and industrial production data for the month of June are set to release this week. According to an Erste Group Research report, wage growth is likely to have accelerated to 8.3 percent year-on-year in June.

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USD/PHP pair to gradually weaken to 53 by end-2019 and to 53.5 by end-2020 - ANZ

In the first half of this year, the Philippine peso was underpinned by the delayed infrastructure spending because of the lack of budget approval, thereby containing the trade deficit. In the year-to-date, the Philippine peso has accordingly appreciated 2.8 percent.

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FxWirePro: FX Options Highlights Amid Macro Backdrop

Growth concerns for both advanced countries and emerging countries have picked up again on the back of a collection of new economic data but also and perhaps more importantly due to continued high uncertainty.

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Crypto Technicals: XRP/USD extends weakness below 200-DMA, on track to test trendline support at 0.28

XRP/USD chart - Trading View

Exchange - Bitstamp

Support: 0.28 (Trendline); Resistance: 0.3231 (5-DMA)

Technical Analysis: Bias Bearish

XRP/USD is extending weakness below 200-DMA, bias is bearish.

The pair has hit new 2-month lows at 0.2950, scope for further downside.

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