Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Equities: Tech and chips drive relief rally – Deutsche Bank
Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical stocks, while gains in Micron and SK Hynix reinforced confidence in the AI investment cycle.
NZD/USD Price Forecast: Gathers strength above 0.5750, but remains below key technical resistance
The NZD/USD pair trades in positive territory around 0.5775 during the early European session on Friday. The New Zealand Dollar (NZD) gathers strength to its strongest level in three weeks against the US Dollar (USD) on a hawkish rate hike from the Reserve Bank of New Zealand (RBNZ).
France Inflation ex-tobacco (MoM) dipped from previous 0.1%Â to -0.3% in June
France Inflation ex-tobacco (MoM) dipped from previous 0.1%Â to -0.3% in June
France Consumer Price Index (EU norm) (YoY) meets expectations (2%) in June
France Consumer Price Index (EU norm) (YoY) meets expectations (2%) in June
France Consumer Price Index (EU norm) (MoM) in line with forecasts (-0.3%) in June
France Consumer Price Index (EU norm) (MoM) in line with forecasts (-0.3%) in June
Indian Rupee: Inflation uptick with monsoon support – DBS
DBS economist Radhika Rao expects India’s June CPI inflation to edge up to 4.1% YoY from 3.9%, driven by food normalisation and fuel-cost pass-through.
Polish Zloty: Dovish Glapinski undercuts support – Commerzbank
Commerzbank’s Tatha Ghose reports that the National Bank of Poland kept rates at 3.75% and a neutral stance, but Governor Adam Glapinski’s press conference was markedly dovish.
Euro consolidates near 1.1450 as German data confirms easing inflationary pressures
The Euro (EUR) holds minor gains against a somewhat softer US Dollar (USD) on Friday. The pair edged up to the mid-range of the 1.1400s, but it has failed to find acceptance above the top of the last two weeks' trading range, in the area of 1.1475, and is set to close the week practically unchanged.
Japanese Yen rises as Japan urges pension funds to invest in domestic assets
The USD/JPY pair tumbles to around 161.50 during the early European trading hours on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the reports that Japan plans to encourage pension funds to increase their holdings of domestic financial assets.
Euro: Range trade bias intact against US Dollar – UOB
UOB’s Quek Ser Leang highlights a modest uptick in EUR/USD momentum, with scope to retest 1.1450 but limited prospects for a sustained break higher. Intraday support is seen at 1.1420 and 1.1405.
Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.4%) in June
Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.4%) in June
Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.2%) in June
Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.2%) in June
Germany Consumer Price Index (MoM) meets forecasts (-0.3%) in June
Germany Consumer Price Index (MoM) meets forecasts (-0.3%) in June