Market News
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US Dollar: Fed hold to test recent resilience – ING
ING strategists Francesco Pesole and Frantisek Taborsky expect the Federal Reserve to keep rates unchanged, with two dissenters possibly voting for a hike, limiting downside in front-end USD rates.
Swiss Franc: Moderate pass-through weigh on CHF against Euro – Commerzbank
Commerzbank’s Michael Pfister analyses how the Swiss National Bank’s recent shift toward tolerating a weaker Swiss Franc affects inflation and EUR/CHF.
Why is the US Dollar vulnerable when the Federal Reserve is expected to deliver a hawkish hold?
The US Dollar (USD) stands at a critical juncture as financial markets prepare for the Federal Open Market Committee's (FOMC) upcoming interest rate announcement.
Australian Dollar: Pressured against US Dollar by softer CPI – Societe Generale
Societe Generale analyst highlight that AUD/USD is offered below 0.6950 after softer June Consumer Price Index (CPI), with markets scaling back expectations for an RBA hike.
Gold struggles near $4,000 ahead of Federal Reserve policy verdict
Gold (XAU/USD) consolidates above $4,000 on Wednesday as price action remains choppy amid growing caution ahead of the Federal Reserve’s (Fed) monetary policy announcement, while the war in the Middle East intensifies again after a brief lull.
United States MBA Mortgage Applications down to -6.4% in July 24 from previous 1.9%
United States MBA Mortgage Applications down to -6.4% in July 24 from previous 1.9%
EUR/USD Price Forecast: Struggling below 1.1400 with YTD lows at a short distance
The Euro (EUR) holds marginal gains against the US Dollar on Wednesday after finding some support in the mid-range of the 1.1300s earlier this week but remains unable to find acceptance above 1.1400.
Yemen's Houthis mulls imposing fees on vessels transiting Southern Red Sea route
According to a Reuters report, Yemen's Houthis are considering imposing fees on commercial ships sailing through the Southern Red Sea. The report also shows that Houthis might exempt China's shipping fleet from any fee system.
EUR/GBP Price Forecast: Eases from 0.8575 resistance with the bullish bias intact
The Euro (EUR) is nursing moderate losses against the British Pound (GBP) on Wednesday, as bulls failed to find acceptance above the 0.8575 resistance area on Tuesday.
Federal Reserve: Extended pause guidance – UOB
UOB Global Economics & Markets Research notes that the Federal Reserve is widely expected to keep the Federal Funds Target Rate at 3.50%-3.75% at the July FOMC meeting.
Canadian Dollar: BoC minutes watched for inflation tone – TD Securities
TD Securities strategists expect the Bank of Canada’s (BoC) Summary of Deliberations to shed light on the July decision, focusing on how policymakers view inflation amid recent energy price moves and Consumer Price Index (CPI) forecast revisions.
Euro: Seen back toward 1.15 against US Dollar – ING
ING’s Francesco Pesole notes that EUR/USD may have bottomed last week if markets maintain a constructive view on further geopolitical de-escalation. He argues a sustained move above 1.15 still requires dovish Federal Reserve (Fed) repricing and stabilised risk sentiment.
Swiss Franc: Policy gap favours further losses against Euro – MUFG
MUFG’s Lee Hardman reports that the Swiss Franc (CHF) continues to weaken versus the Euro, with EUR/CHF reaching new highs as widening yield differentials favour the Euro.