Market News
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European Union: Growth potential re-rated – TD Securities
TD Securities’ Julie Ioffe and James Rossiter argue that the European Union already possesses key ingredients for stronger long-term growth, including wealthy consumers, productive workers, deep private savings and solid fiscal capacity.
Natural Gas: Higher winter gas risk priced in – Rabobank
Rabobank revises its TTF Natural Gas and JKM forecasts higher for Q3 and Q4 2026, citing a structurally tight LNG market and deeper Qatari export losses following renewed Hormuz disruption.
United States Redbook Index (YoY) declined to 8.2% in July 10 from previous 11.5%
United States Redbook Index (YoY) declined to 8.2% in July 10 from previous 11.5%
New Zealand Dollar: RBNZ hawkish repricing supports Kiwi – MUFG
MUFG’s Lee Hardman reports the New Zealand Dollar is the top G10 performer overnight, helped by a hawkish shift in RBNZ rate expectations.
United States Consumer Price Index Core s.a declined to 336.07 in June from previous 336.121
United States Consumer Price Index Core s.a declined to 336.07 in June from previous 336.121
United States Consumer Price Index ex Food & Energy (MoM) registered at 0%, below expectations (0.2%) in June
United States Consumer Price Index ex Food & Energy (MoM) registered at 0%, below expectations (0.2%) in June
United States Consumer Price Index (YoY) came in at 3.5%, below expectations (3.8%) in June
United States Consumer Price Index (YoY) came in at 3.5%, below expectations (3.8%) in June
United States Consumer Price Index (MoM) came in at -0.4% below forecasts (-0.1%) in June
United States Consumer Price Index (MoM) came in at -0.4% below forecasts (-0.1%) in June
United States Consumer Price Index n.s.a (MoM) registered at 333.95, below expectations (334.7) in June
United States Consumer Price Index n.s.a (MoM) registered at 333.95, below expectations (334.7) in June
Euro: Rate support at risk against US Dollar with energy shock – ING
ING’s Francesco Pesole argues that the EUR/USD short-term rate differential is currently supporting the Euro as Gulf tensions rise, helped by a recovery in EUR front-end rates.
GBP/JPY Price Forecast: Buyers defend 216.50 as bullish trend continues
GBP/JPY trades in a narrow range on Tuesday as market sentiment remains fragile amid escalating tensions between the US and Iran, which are driving Oil prices higher once again. At the time of writing, the cross trades around 217.10 as the Japanese Yen (JPY) remains broadly weak.
United States ADP Employment Change 4-week average fell from previous 21K to 19.75K in June 20
United States ADP Employment Change 4-week average fell from previous 21K to 19.75K in June 20
Japanese Yen: JGB outperformance and repatriation story – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/JPY is trading near a 40‑year high above 162.00 while Japanese Government Bonds are outperforming. Strong demand at the 20‑year auction and comments from Finance Minister Satsuki Katayama encouraging more domestic investment support JGBs.