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British Pound: Sterling recovery eyes 1.36 caps against US Dollar â Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe that the British Pound (GBP) is consolidating gains near the top of its one-month and multi-month ranges, with price action closely tied to fading downside risk reversals.
Forex Today: US Dollar on pause ahead of US CPI
The US Dollar Index (DXY) is trading little changed in the vicinity below the 100.00 price zone ahead of the United States (US) July Consumer Price Index (CPI), which is expected on Wednesday.
Oil: Strait of Hormuz risk premium â Commerzbank
Commerzbankâs energy team notes fading hopes for a USâIran agreement to reopen the Strait of Hormuz, driving Brent toward USD 90 and gas oil to nearly USD 1,350 per ton. Drone attacks on refineries in Saudi Arabia, Russia, Libya and tight diesel supply add to the risk premium.
WTI Price Forecast: Buyers defend 21-day SMA as bullish bias holds
West Texas Intermediate (WTI) Oil trades modestly higher on Tuesday after two-way price swings, as headlines from the Middle East keep energy markets volatile. At the time of writing, WTI trades around $82.13, up more than 7% so far this week.
The US Dollar Index has no dovish tail to price
Tuesday gives the Dollar Index a session with almost nothing in it.
Singapore: Growth set to run above potential â UOB
UOB economist Jester Koh highlights that Singaporeâs 2Q26 Gross Domestic Product (GDP) was revised up to 5.9% year-on-year and 1.4% quarter-on-quarter, driven by AI-related strength in manufacturing and modern services.
Silver Price Forecast: XAG pullback puts $63.50 in focus
Silver price reverses its course, drops some 2.70% on Tuesday, even though US Treasury yields and the Greenback remained steady, amid news that if the US does not comply with Iranâs demands, the Strait of Hormuz would remain closed. The XAG/USD trades at $64.77, after hitting a daily high of $66.49.
Japanese Yen pares losses ahead of US inflation report
The Japanese Yen (JPY) trades flat above 159.00 on Tuesday after several days of US Dollar (USD) strength following the intervention that briefly boosted the Yen. The pair has retraced most of its sharp intervention-driven decline, facing pressure from elevated Oil prices and a firm US Dollar (USD).
Gold eases amid firm US Dollar as CPI and Hormuz risks loom
Gold (XAU/USD) price registers modest losses on Tuesday, driven by a firm US Dollar as traders await the release of crucial US inflation data and the potential reopening of the Strait of Hormuz. The rise in energy prices is also capping the yellow metalÂŽs advance.
Fedâs Goolsbee: Inflation is the âbiggest problemâ of the economy
The Chicago Fed President Austan Goolsbee revealed in a video posted by Wired, that âThe biggest problem facing our economy right now is not the collapse of industry and the collapse of jobs; it's that the prices have been rising too fast, we got an inflation problem and people hate inflation.â
United States 3-Year Note Auction climbed from previous 4.179% to 4.291%
United States 3-Year Note Auction climbed from previous 4.179% to 4.291%
Iran took back the Dow Jones Industrial Average breakout
The Dow Jones Industrial Average broke the three-session coil that had pinned it beneath its record, traded up through 54,200, and has since surrendered the entire move.
USD/CHF Price Forecast: Buyers struggle to clear the 21-day SMA
USD/CHF trades with a positive bias on Tuesday as the US Dollar (USD) consolidates its recent gains ahead of Wednesdayâs US Consumer Price Index (CPI) data. Price action has stabilized above the 50-day Simple Moving Average (SMA) following a sharp pullback from above 0.8200 in late July.