Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
United States ADP Employment Change 4-week average fell from previous 15K to 8.25K in July 18
United States ADP Employment Change 4-week average fell from previous 15K to 8.25K in July 18
Silver retreats toward $65.00 as Oil rebound revives inflation concerns
Silver (XAG/USD) extends its correction on Tuesday and trades around $65.05 at the time of writing, down 2.31% on the day.
Mexico Industrial Output (YoY) came in at 1.7%, above forecasts (1.1%) in June
Mexico Industrial Output (YoY) came in at 1.7%, above forecasts (1.1%) in June
Mexico Industrial Output (MoM) below forecasts (0.3%) in June: Actual (0.2%)
Mexico Industrial Output (MoM) below forecasts (0.3%) in June: Actual (0.2%)
Brazil IPCA Inflation above forecasts (0.03%) in July: Actual (0.07%)
Brazil IPCA Inflation above forecasts (0.03%) in July: Actual (0.07%)
US Dollar: CPI keeps USD in tight ranges – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note the US Dollar (USD) softened as Fed hike expectations moderated and the US yield curve steepened.
Swiss Franc holds below 0.8100 US Dollar with US-Iran negotiations deadlocked
The Swiss Franc trades practically flat against the US Dollar (USD) on Tuesday, consolidating halfway through last week’s trading range.
GBP/USD Price Forecast: Holds Descending Triangle breakout
The GBP/USD pair trades marginally lower at around 1.3500 during the European trading session on Tuesday.
Qatar says Oman-Iran talks reach advanced stage
Talks between Oman and Iran have reached an advanced stage, Qatar’s Foreign Ministry spokesperson said on Tuesday.
Natural gas: European prices surge as LNG flows stall – ING
ING strategists Warren Patterson and Ewa Manthey report that European Natural gas benchmark TTF jumped over 9%, moving back above EUR60/MWh as hopes for a US–Iran deal fade.
Gold pauses near two-month high as Oil swings shape Fed outlook
Gold (XAU/USD) pauses its rally on Tuesday after hitting a two-month high of $4,435 earlier in Asian trading hours. Price action remains driven by movements in Oil prices and their impact on the Federal Reserve’s (Fed) interest-rate outlook.
Japanese Yen: Wider range with intervention support against US Dollar – HSBC
HSBC strategists discuss the sharp post-intervention drop following coordinated action by Japan’s Ministry of Finance and the US Treasury. They argue that joint intervention is more effective than unilateral moves but unlikely to change the broader trend without improved Japanese fundamentals.
US Dollar Index Price Forecast: A break above 100.00 would confirm a double bottom
The US Dollar Index (DXY) appreciates for the second consecutive day on Tuesday, favoured by a mix of concerns about the stalled US-Iran negotiations and hawkish Fed speak, which keeps hopes of a September rate hike alive.