Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Germany Wholesale Price Index (MoM) came in at 0.2% below forecasts (0.4%) in July
Germany Wholesale Price Index (MoM) came in at 0.2% below forecasts (0.4%) in July
Germany Wholesale Price Index (YoY): 5.3% (July) vs 4.9%
Germany Wholesale Price Index (YoY): 5.3% (July) vs 4.9%
AUD/JPY Price Forecast: Weakens to near 112.50, near-term outlook remains bearish
The AUD/JPY cross trades in negative territory around 112.55 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders remain on high alert for further currency intervention from Japanese authorities.Â
British Pound strengthens to near 1.3500 as Fed rate hike bets ease
The GBP/USD pair gathers strength to near 1.3495 during the early European trading hours on Friday.
USD/JPY Price Forecast: Bulls cautious below 159.50, 50% Fibo. caps upside on soft USD
The USD/JPY pair trades with a mild negative bias below mid-159.00s during the Asian session on Friday, though it remains close to a nearly two-week high touched the previous day.
EUR/JPY Price Forecast: Holds ground near 184.00, 50-day EMA
EUR/JPY remains flat after registering minor gains in the previous day, trading around 183.90 during the Asian hours on Friday. The currency cross is holding above the short-term nine-period Exponential Moving Average (EMA) but remaining capped by the medium-term 50-period EMA.
Euro gains as receding Fed hike bets weigh on USD; geopolitical risks cap upside
The EUR/USD pair attracts some follow-through buyers during the Asian session on Friday and looks to build on the previous day's modest bounce from the vicinity of the 1.1500 psychological mark, or an over one-week low.
Indonesian Rupiah holds ground ahead of President Prabowo’s 2027 budget address
USD/IDR loses ground after three days of losses, trading around 17,880 during the Asian hours on Friday. Traders remain cautious ahead of President Prabowo Subianto’s 2027 budget address to parliament later in the day.
Swiss Franc strengthens as softer US inflation pressures US Dollar
USD/CHF halts its four-day winning streak, trading around 0.8140 during the Asian hours on Friday. The currency pair edges lower as the US Dollar (USD) faces downward pressure following a softer-than-expected US inflation report.
South Korea Money Supply Growth: 9.4% (June) vs 9.2%
South Korea Money Supply Growth: 9.4% (June) vs 9.2%
Latvia issues air threat alert, Finland restricts air and sea traffic
Latvian officials announced the activation of an air threat alert in the southeastern part of the country, near the border with Russia and Belarus, Reuters reported on Friday.
British Pound edges higher vs softer USD; lacks follow-through as geopolitics cap gains
The GBP/USD pair attracts some dip-buyers during the Asian session on Friday and, for now, seems to have snapped a two-day losing streak to the weekly low, which it touched the previous day.
Australia Investment Lending for Homes dipped from previous -3%Â to -10.2% in 2Q
Australia Investment Lending for Homes dipped from previous -3%Â to -10.2% in 2Q