Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro remains subdued following German ZEW Survey data
EUR/USD depreciates after three days of gains, trading around 1.1570 during the European hours on Tuesday. The pair loses ground as the Euro (EUR) remains subdued following the release of German ZEW Survey data.
China: Credit-light growth reshapes loan demand – Standard Chartered
Standard Chartered’s Carol Liao and Moriarty Lam analyze slowing loan growth in China despite stable real Gross Domestic Product (GDP) and recent reflation.
British Pound trades lower against US Dollar after soft UK employment data
The British Pound (GBP) is down 0.1% to near 1.3530 against the US Dollar (USD) during the European trading session on Tuesday. The British currency comes under pressure after the release of the United Kingdom (UK) employment data for three months ending June.
WTI consolidates below $84.50, two-week top as bullish bias remains amid Hormuz standoff
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.
United States: August inflation profile – TD Securities
TD Securities’ Macro Research team, led by Oscar Munoz and Molly Brooks, projects a stronger US August CPI profile. Headline CPI is seen rising 0.39% month-on-month, with gasoline and food inflation rebounding.
Canadian Dollar receives support from firm oil prices
USD/CAD extends its losses for the fourth successive day, trading around 1.3870 during the European hours on Tuesday. The currency pair depreciates as the commodity-linked Canadian Dollar (CAD) gains support from firming crude oil prices.
Eurozone ZEW Survey – Economic Sentiment registered at 31.4 above expectations (25.4) in August
Eurozone ZEW Survey – Economic Sentiment registered at 31.4 above expectations (25.4) in August
Germany ZEW Survey - Economic Sentiment improves more than expected to 34.2 in August
German ZEW Survey - Economic Sentiment arrives at 34.2 in August, beating the estimates of 30.0 and the July reading of 26.3.
Germany ZEW Survey – Economic Sentiment above expectations (30) in August: Actual (34.2)
Germany ZEW Survey – Economic Sentiment above expectations (30) in August: Actual (34.2)
Germany ZEW Survey – Current Situation registered at -61.1 above expectations (-68.8) in August
Germany ZEW Survey – Current Situation registered at -61.1 above expectations (-68.8) in August
US Dollar: Dovish Fed repricing versus strong flows – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights a mixed backdrop for the Dollar, with dovish Federal Reserve (Fed) repricing seen capping US Dollar (USD) rebounds even as foreign demand remains strong.
Fiscal concerns and doubts on Fed independence send US yields to long-term highs
US Treasury yields keep rising across the curve this week, with the yield for the 30-year Treasury bond reaching its highest level since 2007, during the global financial crisis, at 5.33% so far on Monday.
Brent: Rally extends above $91/bbl – ING
ING strategists Ewa Manthey and Warren Patterson note that Brent Oil has extended its rally, trading above $91/bbl as geopolitical risks and supply concerns support prices.