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Indonesian Rupiah: Two-way trade with key levels watched against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/IDR has rebounded after a near 2% month-to-date pullback, with external factors such as elevated Oil prices and US rates remaining key drivers.
Crude Oil mistakes a Gulf Coast bottleneck for a glut
The largest weekly build in American Crude Oil inventories in three and a half years landed on Wednesday into a market that two forecasting agencies spent the same morning describing as physically short, and the barrel has been selling since.
Argentina Consumer Price Index (MoM) rose from previous 1.9%Â to 2.1% in July
Argentina Consumer Price Index (MoM) rose from previous 1.9%Â to 2.1% in July
Singapore Dollar: Range holds as upside risk watched against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD stayed largely unchanged around 1.2805 on Tuesday, with momentum still flat.
USD/CHF Price Forecast: Bearish flag keeps 0.8145 in focus
The USD/CHF pair trades near the top trendline of a bearish flag pattern on Thursday, holding steady at around 0.8134 after the release of softer inflation data on the producer side.
Japanese Yen little changed amid cooling US inflation
USD/JPY is trading sideways on Thursday, hovering in the mid-159.00s and holding within its recent range. It is more of the same for the pair, which continues to move in consolidation as opposing forces cancel each other out.
Gold slips as US Dollar recovers despite softer US factory inflation
Gold (XAU/USD) price declines on Thursday as the US Dollar (USD) trims some of its earlier losses, as economic data in the US showed that the disinflation process continues, amid a moderately softening jobs market.
Silver Price Forecast: Momentum cools as XAG/USD consolidates above 50-day SMA
Silver trades modestly lower on Thursday, holding within Monday’s trading range as buyers take a breather following the strong rally seen at the start of the month.
United Kingdom: Growth resilient as BoE stays on hold – Standard Chartered
Standard Chartered’s Christopher Graham notes that UK growth remained resilient in Q2, with GDP rising 0.4% q/q, driven by private consumption and business investment while government spending dragged. He expects a slowdown in H2, with growth easing to 0.2–0.3% q/q in Q3 and Q4.
United States 30-Year Bond Auction increased to 5.216% from previous 5.058%
United States 30-Year Bond Auction increased to 5.216% from previous 5.058%
Australian Dollar stumbles near recent highs
AUD/USD is trading little changed on Thursday, shrinking near the 0.7050s below the multi-week high reached on Wednesday near 0.7091. The pair holds its ground after US data pointed to cooling price pressure, keeping the US Dollar (USD) stagnant.
Natural gas: Storage worries with TTF higher – ING
ING’s Warren Patterson and Ewa Manthey highlight that European gas prices have firmed, with TTF above EUR 60/MWh, even as positioning data show funds trimming net longs.
One stock wrote the Dow Jones Industrial Average's entire session
The Dow Jones Industrial Average trades near 53,700 on Thursday, roughly 75 points and a tenth of a percent lower, on a morning when the S&P 500 prints a fresh record intraday high and the Nasdaq Composite runs close to a percent higher.