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GBP/USD Price Forecast: VCP breakout likely after Fed-BoE policy announcements
The British Pound (GBP) is up 0.15% to near 1.3345 against the US Dollar (USD) during the European trading session on Monday.
Germany’s IFO Business Climate Index improves to 86.6 in July, beats estimates
The German IFO Institute Business Climate Index improves to 86.6 in July, higher than 86.1 estimates and the June’s reading of 85.7, revised higher from 85.6.
Indian Rupee: RBI inflow measures support against US Dollar – Commerzbank
Commerzbank analysts report that USD/INR was little changed near 96.57 on Friday but has edged higher since early July, largely reflecting renewed upward pressure from Oil prices. They argue that the recent pullback in Oil should ease some strain on the Rupee.
Eurozone Private Loans (YoY) came in at 3% below forecasts (3.1%) in June
Eurozone Private Loans (YoY) came in at 3% below forecasts (3.1%) in June
Germany IFO – Expectations rose from previous 84.1 to 86.7 in July
Germany IFO – Expectations rose from previous 84.1 to 86.7 in July
Germany IFO – Current Assessment fell from previous 87 to 86.5 in July
Germany IFO – Current Assessment fell from previous 87 to 86.5 in July
Germany IFO – Business Climate came in at 86.6, above expectations (86.1) in July
Germany IFO – Business Climate came in at 86.6, above expectations (86.1) in July
Forex Today: US and Iran halt strikes, boosting mood to start Fed week
Here is what you need to know on Monday, July 27:
Oil: War risks keep prices volatile – Rabobank
Rabobank's Senior Macro Strategist Benjamin Picton notes that Oil futures are lower after President Trump paused further strikes on Iran, reversing last week’s Brent surge above $100.
Japanese Yen: Hawkish shift needed to aid JPY against US Dollar – BNY
BNY’s Geoff Yu notes that the Bank of Japan (BoJ) is widely expected to keep rates unchanged, but stresses that markets need a clearer tightening signal as the Japanese Yen trades near multi-decade lows.
British Pound: BoE seen on hold as risks linger – UOB
UOB strategists note GBP/USD edged up to 1.3326, with Gilts caught between fiscal risks from Prime Minister Burnham’s debut plans and the Oil price shock.
ECB’s Žigman: Central bank is committed to ensure inflation stable around 2%
The remarks from European Central Bank (ECB) Governing Council member and Governor of Croatia's central bank, Ante Žigman, in an interview with Jutarnji List, released during the European trading session on Monday, signal that the central bank will remain vigilant about the intensity and duration of
US Dollar: Fed hold and data support – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects a hawkish Federal Reserve (Fed) hold and a goldilocks-like United States (US) macro backdrop to keep the US Dollar (USD) supported in coming days.