Market News
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Japanese Yen: Bearish bias within 158.00–160.20 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann judge USD/JPY price action as inconclusive intraday, with trading expected between 159.00 and 159.70 after a tight 159.01–159.56 range.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $64.76 per troy ounce, up 0.48% from the $64.45 it cost on Thursday.
Silver regains ground above $64 as Fed rate hike bets fade
Silver (XAG/USD) gains 0.37% on Friday and trades around $64.70 at the time of writing, erasing part of its recent correction.
Brazilian Real: Election risks threaten Real – Societe Generale
Societe Generale’s Dev Ashish flags growing election and fiscal risks weighing on Brazilian assets. BRL has underperformed in LatAm, with USD/BRL nearing its 200-day moving average at 5.2042 and Bovespa breaking below its long-term average.
Australian Dollar: RBA keeps hike option open – Rabobank
Rabobank strategist Elwin de Groot reports that the Reserve Bank of Australia (RBA) left rates unchanged, with markets initially reading the statement as dovish.
Federal Reserve: RMP pause and QT timing – TD Securities
TD Securities’ Gennadiy Goldberg and Molly Brooks analyze the Federal Reserve’s decision to halt Reserve Management Purchases (RMP) after tapering from $40bn to $10bn per month.
Eurozone Q2 GDP growth remains at 0.4%, as flash data showed
According to Eurostat, the Eurozone Gross Domestic Product (GDP) growth in the second quarter this year remains at 0.4%, as shown by the preliminary data released on July 30.
Eurozone Gross Domestic Product s.a. (YoY) meets expectations (1%) in 2Q
Eurozone Gross Domestic Product s.a. (YoY) meets expectations (1%) in 2Q
Eurozone Gross Domestic Product s.a. (QoQ) in line with forecasts (0.4%) in 2Q
Eurozone Gross Domestic Product s.a. (QoQ) in line with forecasts (0.4%) in 2Q
Eurozone Trade Balance n.s.a. registered at €8.6B above expectations (€-2.2B) in June
Eurozone Trade Balance n.s.a. registered at €8.6B above expectations (€-2.2B) in June
Eurozone Trade Balance s.a. increased to €1.8B in June from previous €-5B
Eurozone Trade Balance s.a. increased to €1.8B in June from previous €-5B
Eurozone Employment Change (QoQ) meets expectations (0.1%) in 2Q
Eurozone Employment Change (QoQ) meets expectations (0.1%) in 2Q
Eurozone Employment Change (YoY) unchanged at 0.5% in 2Q
Eurozone Employment Change (YoY) unchanged at 0.5% in 2Q