Eurozone Money Supplyfxcue.com

(fxcue news) - Eurozone broad money supply and private sector credit expanded in May but growth remained subdued, data from the European Central Bank showed on Thursday. The broad monetary aggregate M3 posted an annual increase of 1.6 percent after rising 1.3 percent in April. This was the fastest growth since March 2023 and also slightly exceeded expected growth of 1.5 percent. At the same time, the annual fall in the narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, slowed to 4.9 percent from 5.9 percent in April. Data showed private sector credit grew 0.6 percent annually in May compared with April's 0.7 percent. Adjusted loans to the private sector expanded 0.8 percent, following a 0.9 percent rise in April. Among the borrowing sectors, adjusted loans to households gained 0.3 percent after rising 0.2 percent in April. Loans to non-financial corporations also grew 0.3 percent following a 0.2 percent increase in April. Capital Economics' economist Jack Allen-Reynolds said although money and lending growth continued gradual increase in May, both remained low. The economist observed that the ECB interest rate cuts will probably cause lending growth to increase later this year and in 2025. However, he suspects that the effect will be small.

Eurozone Money Supply

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Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

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Eurozone Money Supply

Sensex

Sensex

U.S. Pending Home Sales Unexpectedly Slump 2.1% In May

U.S. Jobless Claims Dip More Than Expected To 233

Eurozone Money Supply

Amazon Plans To Launch Discount Web Store: Reports

Canadian Market Modestly Higher;BlackBerry Soars 15% On Results

Japanese Market Significantly Higher

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

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