Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Netherlands, The Consumer Price Index n.s.a (YoY) in line with forecasts (2.9%) in June
Netherlands, The Consumer Price Index n.s.a (YoY) in line with forecasts (2.9%) in June
Indonesia Foreign Reserves rose from previous $144.9Â to $145.6 in June
Indonesia Foreign Reserves rose from previous $144.9Â to $145.6 in June
Japanese Yen strengthens amid looming intervention risks; lacks bullish conviction
The USD/JPY pair extends the previous day's late pullback from the vicinity of mid-162.00s and attracts some follow-through sellers during the Asian session on Tuesday.
Japanâs Kiuchi: Tokyo is not easing fiscal discipline, presenting it clearly in the economic plan
Minoru Kiuchi, Minister of State for Economic and Fiscal Policy of Japan, said on Tuesday that âTokyo is not easing fiscal discipline, presenting it clearly in the economic plan.â
British Pound gains as easing Fed hike bets weigh on US Dollar
GBP/USD continues its winning streak for the ninth consecutive day, trading around 1.3390 during the Asian hours on Tuesday.
PBOC sets USD/CNY reference rate at 6.8054 vs. 6.8066 previous
The Peopleâs Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8054 compared to the previous day's fix of 6.8066 and 6.7838 Reuters estimate.
Euro extends the range play above 1.1400 as Hormuz risks support USD
The EUR/USD pair extends its sideways consolidative price move during the Asian session on Tuesday, though it manages to hold comfortably above the 1.1400 mark. Moreover, spot prices remain well within striking distance of a nearly two-week high, touched last Thursday.
Australian Dollar declines as ANZâIndeed Job Ads drop in June
AUD/USD inches lower after two days of gains, trading around 0.6950 during the Asian hours on Tuesday. The Australian Dollar (AUD) faces downward pressure as weakening economic sentiment amid a cooling labor market signals that high borrowing costs are taking a toll.
Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June
Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June
Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May
Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May
Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May
Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May
GBP/JPY Price Forecast: Rallies and hits 18-year highs above 217.00
The British Pound rallies to an 18-year high against the Japanese Yen, registering solid gains of over 0.77% as the GBP/JPY clears the previous year-to-date (YTD) high of 216.60 as the cross-pair clears the 217.00 figure for the first time since January 2008.
Reserve Bank of New Zealand: Insurance hike risk balance â ING
INGâs Francesco Pesole expects the Reserve Bank of New Zealand (RBNZ) to deliver a 25bp âinsuranceâ hike in July, taking the policy rate to 2.50%, despite the sharp drop in Oil prices.