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Indonesia: Expansionary stance with narrowing buffer – Standard Chartered
Standard Chartered’s Aldian Taloputra assesses Indonesia’s 2027 fiscal plans, noting a targeted deficit of 2.4% of GDP versus 2.9% in 2026. The bank maintains its own forecast of a 2.9%-of-GDP deficit, citing ambitious revenue assumptions and potential tax shortfalls.
EUR/GBP Price Forecast: Neutral RSI signals further consolidation
EUR/GBP remains stuck in a narrow trading range this month, stalling the rebound from near 0.8460 in mid-July as buyers struggle to clear the 50-day Simple Moving Average (SMA).
Mexico Retail Sales (MoM) came in at -0.2%, below expectations (0.1%) in June
Mexico Retail Sales (MoM) came in at -0.2%, below expectations (0.1%) in June
Mexico Retail Sales (YoY) below expectations (3.1%) in June: Actual (2.7%)
Mexico Retail Sales (YoY) below expectations (3.1%) in June: Actual (2.7%)
British Pound dips hold above 216.50 Japanese Yen following mixed UK data
British Pound's (GBP) rally against the Japanese Yen (JPY) was capped at the 217.00 area earlier on Friday, and the pair pulled back to the 216.50 area where it found some support.
Canadian Dollar: Binary tariff risks shape near-term path – TD Securities
TD Securities strategists argue that Section 338 tariff negotiations pose a binary risk for the Canadian Dollar (CAD) and USD/CAD.
Euro: Set to outperform Pound, US Dollar and Yen - Nomura
Nomura strategists see greater fiscal vulnerabilities in the United Kingdom (UK) than in the Euro area. Strong foreign inflows into Euro area bonds and comparatively better debt dynamics support its view that Euro (EUR) should outperform British Pound (GBP), US Dollar (USD) and Japanese Yen (JPY).
India FX Reserves, USD up to $716.91B in August 10 from previous $707B
India FX Reserves, USD up to $716.91B in August 10 from previous $707B
Australian Dollar rallies above 0.7150 as the US Dollar bleeds amid bond buybacks
The Australian Dollar (AUD) accelerated its rally against the US Dollar (USD) on Friday, hitting session highs above 0.7150 for the first time since early June and drawing closer to a three-month top, in the 0.7200 area.
New Zealand Dollar climbs to highest since June as US Dollar weakens
NZD/USD extends its advance on Friday and trades around 0.5980 at the time of writing, up 0.62% on the day. The pair reached its highest level since early June and is heading for a solid weekly performance, mainly supported by persistent weakness in the US Dollar (USD).
United Kingdom: Burnham sentiment bounce – Deutsche Bank
Deutsche Bank strategists highlight a sharp improvement in sentiment towards Prime Minister Burnham and Labour.
Breaking: S&P Global Composite PMI is seen at 56 in August
US business activity is predicted to have gained momentum in August, according to the flash reading of S&P Global’s Composite PMI, which ticked up to 56 from 54.5 in July.
United States: Yields risk renewed surge – Rabobank
Rabobank's Senior US Strategist Philip Marey discusses United States (US) Treasuries, noting that the Treasury Department’s surprise move to boost buybacks of longer-term bonds has only briefly interrupted rising yields.