Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Eurozone Harmonized Index of Consumer Prices (YoY) in line with expectations (2.8%) in June
Eurozone Harmonized Index of Consumer Prices (YoY) in line with expectations (2.8%) in June
WTI Price Forecast: Consolidates near $79.00 before the next leg up amid bullish setup
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its sideways consolidative price moves for the fourth straight day and trades around the $79.00 mark through the first half of the European session on Friday.
Brazil: Tariff fallout shapes election dynamics – Standard Chartered
Standard Chartered’s Dan Pan assesses new United States (US) Section 301 tariffs on Brazilian exports, noting a 25% levy effective 22 July that could rise to 37.5%.
Japanese Yen: Slight downside bias within tight band against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/JPY has edged higher to around 162.35, with intraday bias tilted modestly to the upside but capped between 162.10 and 162.65.
USD/CAD Price Forecast: More downside likely towards 1.3970
The USD/CAD pair trades marginally lower at around 1.4033 during the European trading session on Friday. The Loonie pair edges down as the Canadian Dollar (CAD) outperforms its major currency peers amid fears that oil prices could accelerate further.
USD/CHF Price Forecast: Rejection at 0.8100 keeps the US Dollar on the back footÂ
The US Dollar (USD) has turned lower against the Swiss Franc (CHF) on Friday’s European trading session, after failing to find acceptance above the 0.8100 level, which keeps the immediate bearish structure in place. The Dollar remains weighed by the soft US inflation figures released earlier this w
US Dollar: Fed path and inflation risks – Wells Fargo
Wells Fargo Economics, led by Tom Porcelli and colleagues, expects the Federal Reserve to keep the fed funds rate at 3.50%-3.75% through year-end 2027, with 10-year Treasury yields near 4.35% in 2026 and 4.30% in 2027.
Oil: Higher Brent supports inflation concerns – Deutsche Bank
Deutsche Bank’s Early Morning Reid notes Brent Oil trading around $85 per barrel, with prices slightly higher at $85.12/bbl and on course for a first close above $85 in over a month.
British Pound retreats further from multi-year top vs JPY as Tokyo intervention risks loom
The GBP/JPY cross turns lower for the second straight day following an intraday uptick to the 219.00 neighborhood on Friday and retreats further from its highest level since January 2008, touched earlier this week.
Eurozone Current Account n.s.a dipped from previous €14.9B to €-6.2B in May
Eurozone Current Account n.s.a dipped from previous €14.9B to €-6.2B in May
Eurozone Current Account s.a came in at €25.1B, above forecasts (€18.1B) in May
Eurozone Current Account s.a came in at €25.1B, above forecasts (€18.1B) in May
European Central Bank: September hike still on table – Commerzbank
Commerzbank economists led by Dr. Marco Wagner and Dr. Jörg Krämer expect the European Central Bank (ECB) to leave rates unchanged in July but still deliver a further 25 bps hike in September.
Euro flattens against US Dollar while entering the weekend
The Euro (EUR) trades flat against the US Dollar (USD) at around 1.1445 during the European trading session on Friday. The EUR/USD pair is expected to trade with caution amid continued military aggression between the United States (US) and Iran.