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United Kingdom: Confidence may unlock household spending – Rabobank
Rabobank’s Stefan Koopman analyses United Kingdom demand prospects under Prime Minister Burnham’s shift from “securonomics” to “vibonomics”. The report argues that elevated household saving and weak confidence leave scope for a temporary consumption boost if sentiment improves.
Australia's AAA credit was just reaffirmed: Why the Australian Dollar still faces growth headwinds
The Australian Dollar (AUD) is balancing solid long-term fiscal fundamentals against near-term growth headwinds and shifting central bank expectations.
EUR/USD Price Forecast: Buyers challenge 100-day SMA as momentum turns bullish
EUR/USD trades on the back foot on Thursday, snapping a two-day winning streak as the US Dollar (USD) steadies. Still, the near-term technical picture remains bullish following the late-July rebound from below 1.1400. At the time of writing, the pair trades around 1.1534, down 0.15% on the day.
Canadian Dollar: Gains hinge on 1.3970 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is effectively flat versus the US Dollar (USD) but modestly outperforming other majors, trading close to their fair value estimate around 1.40.
United States EIA Natural Gas Storage Change came in at 33B, above expectations (31B) in July 31
United States EIA Natural Gas Storage Change came in at 33B, above expectations (31B) in July 31
Copper: Tight supply keeps prices elevated – ING
ING analysts Warren Patterson and Ewa Manthey report Copper prices trading above $14,000/t on the LME and near record levels on Comex, driven by metal diversion into the US ahead of potential tariff decisions.
New Zealand Dollar slips as safe-haven demand lifts the US Dollar
NZD/USD trades around 0.5880 on Thursday at the time of writing, down 0.10% on the day. The pair remains under pressure as renewed demand for the US Dollar (USD) emerges, with investors seeking safe-haven assets amid fresh geopolitical tensions in the Middle East.
Australian Dollar comes under pressure as US Dollar snaps two-day decline
AUD/USD edges lower on Thursday as the US Dollar (USD) steadies following two consecutive days of losses. At the time of writing, the pair trades around 0.7036, down roughly 0.32% on the day.
United States Wholesale Inventories came in at 0.2% below forecasts (0.3%) in June
United States Wholesale Inventories came in at 0.2% below forecasts (0.3%) in June
United Kingdom: Polling bounce faces October test – Standard Chartered
Standard Chartered’s Christopher Graham analyzes recent United Kingdom (UK) polling, noting Labour has regained a lead over Reform UK and Conservatives after Andy Burnham became prime minister.
United States: Core CPI momentum seen returning in July – TD Securities
TD Securities economists expect United States (US) July Core Consumer Price Index (CPI) to return to trend after June’s one-off weakness.
Mexican Peso: Carry flows outpace fundamentals – BNY
BNY’s Geoff Yu highlights that Mexican Peso (MXN) carry demand is surging ahead of Banxico’s decision, with MXN the best-bought currency on a weekly basis. However, weak volumes, deteriorating equity flows and only modest sovereign bond demand temper the story.
Russia Central Bank Reserves $: $720.3B vs previous $732.1B
Russia Central Bank Reserves $: $720.3B vs previous $732.1B