Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q
Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q
Denmark Retail Sales (YoY): 6.7% (July) vs 4.8%
Denmark Retail Sales (YoY): 6.7% (July) vs 4.8%
Indonesian Rupiah struggles amid record deficit, external pressures
USD/IDR halts its three-day losing streak, trading around 17,770 during the Asian hours on Tuesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles under the weight of cautious market sentiment driven by persistent external pressures.
Japan Coincident Index: 118.5 (June) vs 118.2
Japan Coincident Index: 118.5 (June) vs 118.2
Japan Leading Economic Index registered at 116.5 above expectations (116.4) in June
Japan Leading Economic Index registered at 116.5 above expectations (116.4) in June
EUR/JPY Price Forecast: Rises toward 186.00 after rebounding from ascending channel bottom
EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias.
Canadian Dollar remains depressed as firmer USD and trade war counter higher oil prices
The USD/CAD pair sticks to a positive bias for the second straight day and trades around mid-1.3800s during the Asian session on Tuesday.
RBA's Jacobs: Transition from RBA controlling reserves quantity to banking system managing it
Reserve Bank of Australia (RBA) Head of Domestic Markets, David Jacobs, said during the Asian trading session on Tuesday that the central bank aims to have a system that can flexibly supply whatever quantity the banking system demands, while keeping the cash rate close to the board’s target.
British Pound holds range below mid-1.3600s as USD firms amid Fed risks and Iran tensions
The GBP/USD pair extends its sideways consolidative price move for the second straight day and trades around the 1.3630 area during the Asian session on Tuesday.
New Zealand Dollar gains as high inflation fuels odds of RBNZ September rate hikes
NZD/USD gains ground after registering modest losses in the previous day, trading around 0.5960 during the Asian hours on Tuesday.
Japan’s Katayama: Will focus on key policies in FY27 budget to drive economic growth
Japan Finance Minister (FM) Satsuki Katayama said in the Asian trading session on Tuesday that the government aims to balance fiscal sustainability and economic growth and communicate with markets on this stance.
Australian Dollar remains steady following RBA Meeting Minutes
AUD/USD gains ground after registering modest losses in the previous day, trading around 0.7150 during the Asian hours on Tuesday.
RBA Minutes: Board ready to raise rates if upside risks materialise
Reserve Bank of Australia (RBA) published the Minutes of its July monetary policy meeting on Tuesday, with the key takeaways noted below.