Market News
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Australian Dollar rallies despite softer CPI as US Dollar tumbles after Fed, weaker data
AUD/USD trades around 0.7010 on Thursday at the time of writing, up 0.82% on the day as broad-based US Dollar (USD) weakness outweighs the negative impact of softer Australian inflation.
Natural Gas: Fragile supply risks keep prices elevated – Rabobank
Rabobank’s Florence Schmit highlights that TTF Natural Gas remains exposed to Strait of Hormuz disruptions and QatarEnergy’s extended force majeure.
China: Domestic weakness calls for measured fiscal support - Commerzbank
Volkmar Baur at Commerzbank assesses that China’s Gross Domestic Product (GDP) growth of 4.3% year-on-year in Q2 2026 fell short of the government’s 4.5–5% target, with real estate weakness and cautious fiscal policy weighing on demand.
British Pound plunges amid suspected Yen intervention
The GBP/JPY cross trades sharply lower near 213.20 on Thursday, losing around 2.4% as a sudden surge in the Japanese Yen (JPY) overwhelms the British Pound’s reaction to the Bank of England’s (BoE) monetary policy announcement.
United States EIA Natural Gas Storage Change came in at 28B below forecasts (35B) in July 24
United States EIA Natural Gas Storage Change came in at 28B below forecasts (35B) in July 24
Gold: FOMC repricing caps CTA upside – TD Securities
TD Securities strategists explain that Gold has bounced after the Federal Open Market Committee (FOMC) left rates unchanged and Chair Warsh signaled tolerance for an inflation shock.
Japanese Yen surges on suspected intervention, EUR/JPY tumbles 400 pips in minutes
EUR/JPY plunges on Thursday, down 2.54% on the day to trade around 182.60 at the time of writing, after a sudden surge in the Japanese Yen (JPY) triggered by what appears to be another intervention by Japanese authorities in the foreign exchange market.
Eurozone: Strategic push reshapes dependencies – Rabobank
RaboResearch economists Maartje Wijffelaars and Leander Kalff outline how the European Union is intensifying efforts to strengthen Eurozone industry and reduce external dependencies.
Euro climbs to six-week high as suspected Japanese intervention pressures Greenback
EUR/USD extends its gains on Thursday as the Greenback remains under pressure as traders digest a busy batch of US economic data after the Federal Reserve (Fed) left interest rates unchanged at 3.50%-3.75% on Wednesday.
Germany: War-driven energy shock shapes outlook – Commerzbank
Commerzbank’s Dr. Ralph Solveen analyzes German inflation after the July national Consumer Price Index (CPI) rose from 2.3% to 2.8%, driven mainly by higher energy prices linked to conflict in the Persian Gulf and the end of fuel tax rebates.
Breaking: Japanese Yen surges on suspected intervention, USD/JPY plunges below 160.00
The Japanese Yen (JPY) is surging across the board in the American session on Thursday, without a clear catalyst. This development hints that Japanese authorities may finally be intervening in foreign exchange markets following days of speculation.
Canadian Dollar: BoC minutes flags two-sided economic risks – TD Securities
TD Securities strategists note the Bank of Canada’s (BoC) July Summary of Deliberations was balanced, with the Bank seeing the economy adjusting to recent shocks and expecting growth to strengthen, while worrying about medium-term inflation expectations drifting higher.
Japanese Yen gains the upper hand after US GDP miss, BoJ eyed
USD/JPY trades around 162.90 at the time of writing on Thursday, down 0.31% on the day, as the US Dollar (USD) comes under pressure following the Federal Reserve (Fed) meeting on Wednesday and a series of weaker-than-expected United States (US) economic data released earlier in the day, ahead of the