Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Japanese Yen: Upside risk while stuck in range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight USD/JPY traded quietly between 157.27 and 157.87, closing at 157.74, with intraday momentum indicators flat. The pair is expected to stay in a 157.30–158.20 band near term.
Eurozone Retail Sales declines unexpectedly by 0.3% MoM in June
Eurozone Retail Sales contracted at a 0.3% pace Month-on-Month (MoM) in June, while they were anticipated to have risen moderately by 0.1%, from 0.4% in May, revised higher from 0.2%.
Eurozone Retail Sales (MoM) below forecasts (0.1%) in June: Actual (-0.3%)
Eurozone Retail Sales (MoM) below forecasts (0.1%) in June: Actual (-0.3%)
Eurozone Retail Sales (YoY) below forecasts (1%) in June: Actual (0.7%)
Eurozone Retail Sales (YoY) below forecasts (1%) in June: Actual (0.7%)
United States Dollar Index rebounds following Israeli airstrikes, Jobless Claims eyed
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after two days of losses and trading around 99.80 during the European session on Thursday.
Spain 10-y Obligaciones Auction rose from previous 3.395%Â to 3.542%
Spain 10-y Obligaciones Auction rose from previous 3.395%Â to 3.542%
Australian Dollar remains depressed; downside seems limited as fiscal concerns weigh on Yen
The AUD/JPY cross attracts some sellers on Thursday, snapping a two-day winning streak and stalling this week's solid bounce move from its lowest level since late March.
Equities: Nvidia stands out as broader tech mood cools – Deutsche Bank
Deutsche Bank strategists say the global equity rally lost momentum near record highs as technology shares weakened. The S&P 500 edged lower and the Nasdaq underperformed, with AMD and semiconductor stocks retreating after recent gains.
Euro holds two-day gains against Yen, investors seek clarity on US-Japan future intervention plans
The Euro (EUR) clings to two-day gains against the Japanese Yen (JPY) at around 182.25 during the European trading session on Thursday.
Australian Dollar: RBA uneasy pause – Standard Chartered
Standard Chartered’s Nicholas Chia expects the Reserve Bank of Australia (RBA) to keep the cash rate at 4.35% at its 11 August meeting, with no further hikes this year. Q2 core inflation and short-term expectations have eased, while the labour market has softened.
United Kingdom S&P Global Construction PMI came in at 44.7, above forecasts (41.5) in July
United Kingdom S&P Global Construction PMI came in at 44.7, above forecasts (41.5) in July
Canadian Dollar receives support from higher oil prices
USD/CAD loses ground for the second successive day, trading around 1.4010 during the European hours on Thursday.
EUR/GBP Price Forecast: Holding below 0.8580 with dips limited so far
The Euro (EUR) nudges lower against the British Pound (GBP) on Thursday, following a three-day rally. The EUR/GBP remains capped below the late-July top of 0.8586, trading at 0.8575 at the time of writing, yet with downside attempts subdued so far.Â