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US Dollar Index Price Forecast: Rebounds to near 101.00 as bullish bias prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 101.00 during the European hours on Thursday.
British Pound: BoE hike pricing supports Sterling against US Dollar – MUFG
MUFG's Derek Halpenny notes that the British Pound (GBP) has been the strongest G10 currency after the US Dollar (USD) since the Middle East conflict began, with attention now on the Bank of England’s (BoE) July decision.
Australian Dollar stays on the defensive against a broadly firmer USD, ahead of US data
The AUD/USD pair struggles to capitalize on the previous day's late rebound from the 0.6920 region, or an over two-week low, and seesaws between tepid gains/minor losses through the early European session on Thursday.
Netherlands, The Gross Domestic Product n.s.a (YoY): 1.3% (2Q) vs previous 1.4%
Netherlands, The Gross Domestic Product n.s.a (YoY): 1.3% (2Q) vs previous 1.4%
Netherlands, The Gross Domestic Product s.a (QoQ) registered at 0.4% above expectations (0.2%) in 2Q
Netherlands, The Gross Domestic Product s.a (QoQ) registered at 0.4% above expectations (0.2%) in 2Q
Equities: Fed-driven yield spike pressures equities – Deutsche Bank
Deutsche Bank notes that the Federal Reserve’s (Fed) on-hold decision and limited detail from Chair Warsh sparked a sharp steepening in the Treasury curve, pushing the 30-year yield to 5.20% and weighing on equities.
WTI Oil extends gains beyond $84.00 as US resumes strikes in Iran
Oil prices have risen about 7% over the last two days, pushing the price of the US benchmark West Texas Intermediate (WTI) barrel to levels above $84.00 on Thursday, up from the $77.16 lows seen earlier in the week.
Austria Gross Domestic Product (QoQ) fell from previous 0.2% to 0% in 2Q
Austria Gross Domestic Product (QoQ) fell from previous 0.2% to 0% in 2Q
Turkey Unemployment Rate fell from previous 8.2% to 7.6% in June
Turkey Unemployment Rate fell from previous 8.2% to 7.6% in June
Austria Gross Domestic Product (QoQ): 7.6% (2Q) vs 0.2%
Austria Gross Domestic Product (QoQ): 7.6% (2Q) vs 0.2%
Turkey Economic Confidence Index climbed from previous 98.9 to 99.8 in June
Turkey Economic Confidence Index climbed from previous 98.9 to 99.8 in June
Spain Harmonized Index of Consumer Prices (MoM) came in at -0.1%, above forecasts (-0.2%) in July
Spain Harmonized Index of Consumer Prices (MoM) came in at -0.1%, above forecasts (-0.2%) in July
Spain Consumer Price Index (YoY) above forecasts (3.1%) in July: Actual (3.5%)
Spain Consumer Price Index (YoY) above forecasts (3.1%) in July: Actual (3.5%)