Market News
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Swiss Franc weakens on easing safe-haven demand, US tariffs
USD/CHF continues its winning streak for the seventh successive day, trading around 0.8190 during the European hours on Tuesday.
Gold: Supported by lower oil prices and yields – ING
ING’s Warren Patterson and Ewa Manthey report that Gold has moved higher on Monday as falling Oil prices ease inflation concerns and weigh on the US Dollar (USD) and Treasury yields.
Indonesian Rupiah drops as Bank Indonesia shakeup
USD/IDR extends gains for the second successive day, trading around 18,130 during the early European hours on Tuesday. The currency pair appreciates as the Indonesian Rupiah (IDR) faces pressure following the surprise resignation of Bank Indonesia (BI) Governor Perry Warjiyo on Monday.
WTI Oil flirts with the $80 level amid speculation about US-Iran peace talks
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
Singapore Dollar: Energy risks could trigger further tightening – UOB
UOB strategists interpret Monetary Authority of Singapore's (MAS) July 2026 MPS as a calibrated tightening via a modest increase in the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope to an estimated 1.25% per annum, smaller than April’s move.
Spain Retail Sales (YoY): 0.5% (June) vs previous 1.3%
Spain Retail Sales (YoY): 0.5% (June) vs previous 1.3%
Spain Unemployment Survey below expectations (10.7%) in 2Q: Actual (9.87%)
Spain Unemployment Survey below expectations (10.7%) in 2Q: Actual (9.87%)
GBP/USD Price Forecast: Trades vulnerably near 1.3300 ahead of Fed-BoE policy
The British Pound (GBP) trades with caution at around 1.3300 against the US Dollar (USD) during the European trading session on Tuesday.
Equities: China chip competition weighs on global markets – Deutsche Bank
Deutsche Bank strategists report that renewed concerns over Chinese competition and AI investment spending triggered a sharp selloff in global semiconductor stocks. Asian technology indices suffered heavy losses, while ASML and other chip-related shares declined in the United States and Europe.
France Consumer Confidence came in at 86, above expectations (85) in July
France Consumer Confidence came in at 86, above expectations (85) in July
Oman presents Hormuz fee proposal to Iran
According to a Gulf source, Oman presented a proposal for a joint regional mechanism to Iran to manage the Strait of Hormuz, a vital passage for almost 20% of the global energy supply, with voluntary fees, Reuters report.
Euro stands tall against the British Pound despite the risk-off sentiment
The Euro (EUR) consolidated gains, just below three-week highs against the British Pound (GBP) on Tuesday, trading sideways at the mid-range of the 0.8550s at the time of writing.
Brent: Price slide reflects de-escalation hopes – Commerzbank
Commerzbank strategist Charlie Lay, notes Brent Oil tumbled 8.7% to USD 88.36, reversing much of last week’s surge as US–Iran tensions eased and markets priced in de-escalation.