Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Portugal Consumer Price Index (MoM): -0.5% (July) vs previous 0.1%
Portugal Consumer Price Index (MoM): -0.5% (July) vs previous 0.1%
Portugal Consumer Price Index (YoY) fell from previous 3.2% to 3% in July
Portugal Consumer Price Index (YoY) fell from previous 3.2% to 3% in July
Forex Today: Japanese Yen retreats after rallying on suspected intervention, BoJ holds steady
Here is what you need to know on Friday, July 31:
Japanese Yen: Intervention risks and BoJ stance – MUFG
MUFG’s Derek Halpenny and Abdul-Ahad Lockhart note that the Japanese Yen surged as USD/JPY dropped from 163.00 to 158.00, in a move they attribute to probable Ministry of Finance intervention during New York trading.
Spain Current Account Balance: €1.84B (May) vs previous €1.88B
Spain Current Account Balance: €1.84B (May) vs previous €1.88B
Turkey Foreign Arrivals: -4.02% (June) vs previous -3.58%
Turkey Foreign Arrivals: -4.02% (June) vs previous -3.58%
Norway Registered Unemployment s.a climbed from previous 77.535K to 79.275K in July
Norway Registered Unemployment s.a climbed from previous 77.535K to 79.275K in July
Italy Consumer Confidence registered at 94.2 above expectations (92.5) in July
Italy Consumer Confidence registered at 94.2 above expectations (92.5) in July
Italy Business Confidence above expectations (88.9) in July: Actual (89.6)
Italy Business Confidence above expectations (88.9) in July: Actual (89.6)
Germany Unemployment Rate s.a. above expectations (6.3%) in June: Actual (6.4%)
Germany Unemployment Rate s.a. above expectations (6.3%) in June: Actual (6.4%)
Germany Unemployment Change came in at 6K, above forecasts (5K) in June
Germany Unemployment Change came in at 6K, above forecasts (5K) in June
NZD/USD Price Forecast: Previous highs around 0.5860 are holding bears for now
The New Zealand Dollar (NZD) ticks lower against the US Dollar (USD) on Friday, but remains steady near eight-week highs at 0.5885, with downside attempts contained above a previous resistance area at 0.5860 so far.
Oil: Middle distillate tightness supports prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices have pulled back, with ICE Brent dropping below $90/bbl even as US–Iran tensions stay high.