Market News
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Canadian Dollar: Bullish momentum builds against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is supported by higher Oil prices and Friday’s strong Canadian jobs data versus weaker US labour figures.
Euro: Gradual appreciation path against US Dollar – Commerzbank
Commerzbank's Chief Economist Dr. Jörg Krämer expects EUR/USD to recover once the Iran conflict eases and to grind higher over the coming quarters.
Japanese Yen: Oil prices keep USD/JPY near 160 resistance - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad explains USD/JPY has retraced half of its post-intervention drop, with US–Japan rate spreads already narrowing in favor of the Japanese Yen (JPY).
Australian Dollar trades near weekly high after RBA decision
AUD/USD trades moderately higher above the 0.7060 price region after the Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% in a unanimous decision at the August monetary policy decision.
United States Existing Home Sales (MoM) registered at 4.06M above expectations (4.05M) in July
United States Existing Home Sales (MoM) registered at 4.06M above expectations (4.05M) in July
Russia Foreign Trade: $12.461B (June) vs previous $14.154B
Russia Foreign Trade: $12.461B (June) vs previous $14.154B
WTI Oil reverses course as Iran, Oman move closer on Hormuz talks
West Texas Intermediate (WTI) US Oil retreats on Tuesday, trading around $80.40 at the time of writing, down 1.28% on the day. The US benchmark gives back its previous gains after Qatar reported progress in negotiations between Iran and Oman regarding the Strait of Hormuz.
United States Existing Home Sales Change (MoM): -1.7% (July) vs -2.4%
United States Existing Home Sales Change (MoM): -1.7% (July) vs -2.4%
Australian Dollar: RBA holds hawkish bias with steady rates – ING
ING’s Chris Turner reports that the Reserve Bank of Australia kept rates at 4.35%, while Governor Michele Bullock delivered a hawkish message, stressing upside inflation risks and revealing that a hike was discussed. Short-dated Australian yields reversed higher.
EUR/USD Price Forecast: Range-bound trade persists below 100-day SMA
EUR/USD fluctuates on Tuesday, holding within the range seen over the past week. At the time of writing, the pair trades around 1.1546, virtually unchanged on the day.
Gold: ETF inflows and sceptical outlook – Commerzbank
Commerzbank’s Carsten Fritsch notes Gold breaking above USD 4,400 per ounce despite a sharp Oil rally, with Fed rate expectations only modestly higher after weak US labour data.
Japan: BoJ inflation focus and rate risks – Rabobank
Rabobank's Senior FX Strategist Jane Foley examines Japanese inflation dynamics and Bank of Japan policy. The report notes elevated Oil prices and supply risks, but stresses BoJ’s focus on core inflation and wage-driven pressures after decades of deflation.
Singapore: Strong growth momentum defies risks – DBS
DBS Group Research economist Chua Han Teng highlights that Singapore’s economy is set to deliver above-trend growth for a third straight year in 2026, supported by manufacturing, wholesale trade and financial services.