Market News
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Gold sticks to intraday losses as oil-driven inflation fears lift Fed rate hike odds
Gold (XAU/USD) maintains its offered tone through the first half of the European session on Wednesday and remains vulnerable after the previous day's failed attempt to find acceptance above the $4,100 mark.
United States Dollar Index stays below 101 as traders trim hawkish Fed bets
The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for June.
Swiss Franc steadies as US Dollar declines following softer inflation data
USD/CHF steadies after registering 0.7% losses in the previous day, trading around 0.8090 during the Asian hours on Wednesday.
China’s NBS: The economy remains resilient despite Q2 slowdown
China’s Deputy Head of the National Bureau of Statistics (NBS) expresses confidence during the Asian market session on Wednesday that the economy remains resilient despite a slowdown in the second quarter this year.
EUR/JPY Price Forecast: Remains near the symmetrical triangle top around 185.50
EUR/JPY extends its gains for the third successive day, trading around 185.40 during the Asian hours on Wednesday. The currency cross is retaining a mildly bullish tone as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
US CENTCOM says it ends latest round of strikes targeting Iran
The United States (US) military's Central Command (CENTCOM) confirms that it conducted another set of strikes against Iran at 10 PM ET on July 14.
New Zealand Dollar remains firm above 0.5800 despite weak China GDP data
The NZD/USD pair trades in positive territory around 0.5825 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) remains firm against the US Dollar (USD) after the Chinese economic data.
Australian Dollar remains stronger following China’s economic data
AUD/USD extends its gains for the second successive day, trading around 0.6980 during the Asian hours on Wednesday. The pair holds gains as the Australian Dollar (AUD) remains stronger following the release of key economic data from China, Australia’s close trading partner.
Iran’s IRGC: Strait of Hormuz will remain closed until the 'end of America’s evils'
The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Wednesday that the “Strait of Hormuz will remain closed until the 'end of America’s evils.”
Breaking: China’s economy expands 4.3% YoY in Q2, vs. 4.5% expected
China’s economy expanded 4.3% YoY in the second quarter (Q2) of 2026, compared to a 5.0% growth in Q1, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. The figure came in below the market consensus of 4.5%.
China Industrial Production (YoY) came in at 5.3%, above forecasts (4.6%) in June
China Industrial Production (YoY) came in at 5.3%, above forecasts (4.6%) in June
China Retail Sales (YoY) came in at 1%, above expectations (-0.1%) in June
China Retail Sales (YoY) came in at 1%, above expectations (-0.1%) in June
China Fixed Asset Investment (YTD) (YoY) came in at -5.7% below forecasts (-4.9%) in June
China Fixed Asset Investment (YTD) (YoY) came in at -5.7% below forecasts (-4.9%) in June