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Eurozone Core Harmonized Index of Consumer Prices (YoY) above expectations (2.4%) in July: Actual (2.5%)
Eurozone Core Harmonized Index of Consumer Prices (YoY) above expectations (2.4%) in July: Actual (2.5%)
Eurozone Core Harmonized Index of Consumer Prices (MoM): 0% (July) vs previous 0.2%
Eurozone Core Harmonized Index of Consumer Prices (MoM): 0% (July) vs previous 0.2%
Eurozone Harmonized Index of Consumer Prices (YoY) in line with expectations (2.9%) in July
Eurozone Harmonized Index of Consumer Prices (YoY) in line with expectations (2.9%) in July
Gold: Central bank buying offsets ETF outflows – ING
ING’s commodities team reports that Gold demand was steady in 2Q 2026, with total demand flat year-on-year at 1,269 tonnes as strong central bank purchases balanced weaker ETF demand.
British Pound: Limited support from BoE policy – Commerzbank
Commerzbank’s Michael Pfister notes that the Bank of England kept rates unchanged and avoided signalling future hikes, despite a closer-than-expected 6–3 vote and Governor Bailey’s insistence that the BoE is not edging toward tightening.
WTI Oil drifts closer to $80.00 amid a mild increase in traffic through HormuzÂ
Oil prices are ticking lower for the second consecutive day on Friday, with the US benchmark West Texas Intermediate (WTI) barrel hitting session lows a few cents above $80.00.
Federal Reserve: Prolonged pause with hike risks – UOB
UOB strategists observe that the Federal Open Market Committee (FOMC) kept the Fed Funds Target Rate at 3.50%–3.75% for a fifth meeting, with a 9–3 split as three presidents sought a 25 bps hike.
Portugal Consumer Price Index (MoM): -0.5% (July) vs previous 0.1%
Portugal Consumer Price Index (MoM): -0.5% (July) vs previous 0.1%
Portugal Consumer Price Index (YoY) fell from previous 3.2% to 3% in July
Portugal Consumer Price Index (YoY) fell from previous 3.2% to 3% in July
Forex Today: Japanese Yen retreats after rallying on suspected intervention, BoJ holds steady
Here is what you need to know on Friday, July 31:
Japanese Yen: Intervention risks and BoJ stance – MUFG
MUFG’s Derek Halpenny and Abdul-Ahad Lockhart note that the Japanese Yen surged as USD/JPY dropped from 163.00 to 158.00, in a move they attribute to probable Ministry of Finance intervention during New York trading.
Spain Current Account Balance: €1.84B (May) vs previous €1.88B
Spain Current Account Balance: €1.84B (May) vs previous €1.88B
Turkey Foreign Arrivals: -4.02% (June) vs previous -3.58%
Turkey Foreign Arrivals: -4.02% (June) vs previous -3.58%