Market News
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Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.78 per troy ounce, down 2.72% from the $66.59 it cost on Monday.
South Africa Unemployment Total climbed from previous 8.137M to 8.481M in 2Q
South Africa Unemployment Total climbed from previous 8.137M to 8.481M in 2Q
South Africa Unemployment Rate (%): 33.6% (2Q) vs 32.7%
South Africa Unemployment Rate (%): 33.6% (2Q) vs 32.7%
Brent: Inflation risks rise with Hormuz standoff – Deutsche Bank
Deutsche Bank strategists highlight that Brent Oil has broken above $85, closing near $88 as the Strait of Hormuz remains shut and rhetoric between the US and Iran escalates.
US Dollar: Volatility sinks as carry trades hold – ING
ING’s Chris Turner notes that FX volatility is falling as investors appear comfortable with the Federal Reserve holding or potentially tightening rates in September.
British Pound sits near one-week top, above 215.00 vs weak Yen ahead of UK GDP
The GBP/JPY cross recovers a modest intraday dip and climbs above the 215.00 psychological mark during the first half of the European session on Tuesday.
Euro falls against Canadian Dollar as US-Iran tensions heighten oil supply concerns
EUR/CAD continues its losing streak for the fifth consecutive day, trading around 1.6080 during the European hours on Tuesday. The Euro (EUR) is under pressure as rising risk aversion, driven by escalating US-Iran tensions, weighs on the cross.
Japanese Yen: Yield outlook fails to lift Yen – Societe Generale
Societe Generale strategists note the Japanese Yen (JPY) remains the main G10 laggard despite higher domestic yields and Bank of Japan (BoJ) tightening.
Spain 9-Month Letras Auction declined to 2.605% from previous 2.623%
Spain 9-Month Letras Auction declined to 2.605% from previous 2.623%
Spain 3-Month Letras Auction up to 2.387% from previous 2.366%
Spain 3-Month Letras Auction up to 2.387% from previous 2.366%
EUR/GBP Price Forecast: Under growing bearish pressure below 0.8550
The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, weighed by a cautious market mood as hopes of a swift end to Iran’s war wane and Oil prices climb. The EUR USD pair remains capped below 0.8550 after hitting two-week lows at 0.8536 on Monday.
Australian Dollar : Hawkish hold keeps risks alive – TD Securities
TD Securities’ Prashant Newnaha and Alex Loo note that the Reserve Bank of Australia left the cash rate at 4.35% in a unanimous decision, with the Statement and updated forecasts sounding less hawkish than expected.
Dow Jones futures slip as US-Iran tensions, rate hike fears weigh on sentiment
Dow Jones futures decline by 0.11% to trade around 54,000 during European hours on Tuesday. Meanwhile, S&P 500 futures are steady around 7,770 and Nasdaq 100 futures gain 0.12%, trading near 29,770.