German Industrial Production declines 0.3% MoM in February vs. 0.9% expected

German Industrial Production declines 0.3% MoM in February vs. 0.9% expected

Germany’s industrial sector activity fell sharply in February, the latest data published by Destatis showed on Thursday. Industrial Output, in the Eurozone’s economic powerhouse, declined by 0.3% over the month in February, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected 0.9% rise and 0% recorded in January […]

Gold stays on the back foot as fragile US-Iran truce underpins USD

Gold stays on the back foot as fragile US-Iran truce underpins USD

Gold (XAU/USD) once again shows some resilience below the $4,700 mark during the Asian session on Thursday, and for now, seems to have stalled the previous day’s retracement slide from a three-week high. Skepticism over the durability of the US-Iran ceasefire benefits the US Dollar’s (USD) reserve currency status and acts as a headwind for […]