Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Japanese Yen: Nominal growth underpins cautious strength – Commerzbank
Commerzbank’s Volkmar Baur says solid nominal growth and higher-than-expected inflation should keep pressure on the Bank of Japan (BoJ) to raise rates again as early as September or October.
Euro: Upside bias targets 1.1590 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD surged to 1.1585, leaving the Euro (EUR) with a firmer tone against the US Dollar (USD). Intraday, the pair could extend gains toward 1.1590, though 1.1610 is seen as strong resistance.
Norway Trade Balance rose from previous 61.9BÂ to 84.3B in July
Norway Trade Balance rose from previous 61.9BÂ to 84.3B in July
British Pound gathers strength above 1.3550 as softer US data cools Fed hike bets
The GBP/USD pair gains traction to near 1.3555 during the early European trading hours on Monday. The US Dollar (USD) weakens against the British Pound (GBP) as bets for a US Federal Reserve (Fed) rate hike come down.
Indonesian Rupiah strengthens amid Prabowo's growth target, weaker US Dollar
USD/IDR extends its losses for the second successive day, trading around 17,820 during the Asian hours on Monday. The pair may face thin trading conditions as trading volumes remain subdued amid Indonesia’s Independence Day holiday.
USD/JPY Price Forecast: Struggles near 159.00; seems vulnerable below 50% Fibo.
The USD/JPY pair attracts some sellers at the start of a new week, though it lacks bearish conviction and shows some resilience below the 159.00 mark during the Asian session.
Euro rallies to two-month high, eyes 1.1600 as USD struggles amid receding Fed hike bets
The EUR/USD pair builds on last week's bounce from the vicinity of the 1.1500 psychological mark and attracts follow-through buyers for the third straight day.
Japan Capacity Utilization climbed from previous 0.1% to 4.1% in June
Japan Capacity Utilization climbed from previous 0.1% to 4.1% in June
Japan Industrial Production (YoY) increased to 4.9% in June from previous 4.2%
Japan Industrial Production (YoY) increased to 4.9% in June from previous 4.2%
Japan Tertiary Industry Index (MoM) above forecasts (-1%) in June: Actual (-0.2%)
Japan Tertiary Industry Index (MoM) above forecasts (-1%) in June: Actual (-0.2%)
Japan Industrial Production (MoM) registered at 1.9% above expectations (1.3%) in June
Japan Industrial Production (MoM) registered at 1.9% above expectations (1.3%) in June
AUD/JPY Price Forecast: Edges higher above 113.00, bullish bias prevails above 100-day SMA
The AUD/JPY cross trades in positive territory near 113.00 during the early European session on Monday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid weaker-than-expected Japanese Gross Domestic Product (GDP) data.
Indian Rupee moves little as RBI swap exit, US Dollar weakens
The Indian Rupee (INR) remains stronger against the US Dollar (USD) on Monday after two days of losses, with the USD/INR pair trading around 95.60 at the time of writing.