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Euro gains against Canadian Dollar following improved PMI data
EUR/CAD continues its winning streak that started on July 24, trading around 1.6240 during the European hours on Wednesday. The currency cross rises as the Euro (EUR) receives support following the release of HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.
Wed, Aug 5
ISM Services PMI Preview: US services sector expected to accelerate in July
On Wednesday, we’ll get the latest read on the US services sector when the Institute for Supply Management (ISM) publishes its July gauge. Consensus points to a marginal improvement to 54.5 from June’s 54.
Wed, Aug 5
US Dollar Index: Negative bias builds with policy headwinds – DBS
DBS Group Research strategist Philip Wee notes that the US Dollar Index (DXY) Index is struggling to regain the 100 level, with European currencies better reflecting underlying Dollar weakness once Japanese Yen (JPY) volatility is excluded.
Wed, Aug 5
Japan's Katayama sees inflation easing with tax reduction
Japan Finance Minister (FM) Satsuki Katayama said during the European trading session on Wednesday that the government's tax policy would be able to cool down high inflation.
Wed, Aug 5
Australian Dollar flattens against USD in countdown to US ADP labor data
The Australian Dollar (AUD) trades flat against the US Dollar (USD) at around 0.7050 during the European trading session on Wednesday. The Aussie pair struggles for a direction as investors await the United States (US) ADP Employment Change data for July, which will be published at 12:15 GMT.
Wed, Aug 5
Japanese Yen: Policy follow-up needed for renewed demand – BNY
BNY’s Geoff Yu argues that coordinated intervention has not significantly increased foreign exposure to the Japanese Yen (JPY), with investors still net long JPY but at much lower levels than in H1 2026.
Wed, Aug 5
Dow Jones futures gain on expected US-Iran agreement to reopen Hormuz
Dow Jones futures rise 0.23% to trade around 54,390 during European hours on Wednesday. Meanwhile, S&P 500 futures gain 0.34% to trade near 7,790, while Nasdaq 100 futures advance 0.14%, trading near 29,900.
Wed, Aug 5
ADP Employment Report expected to show a steady labor market in July
The Automatic Data Processing (ADP) Research Institute will release its monthly report on private-sector job creation for July on Wednesday.
Wed, Aug 5
Euro steadies around 1.1530 after an upward revision of Eurozone's Services PMI
The Euro (EUR) holds marginal gains against the US Dollar (USD) on Wednesday, with the EUR/USD pair consolidating around the 1.1530 area, a few pips below seven-week highs at 1.1558.
Wed, Aug 5
Australian Dollar: Upward momentum capped by 0.7075 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann notes AUD/USD rebounded strongly to close at 0.7047 after an overdone retreat, with short‑term momentum building.
Wed, Aug 5
Euro rises against Japanese Yen following PMI data
EUR/JPY holds ground after registering over 0.5% gains in the previous day, trading around 182.00 during the European hours on Wednesday.
Wed, Aug 5
USD/CHF Price Forecast: Bearish bias persists below 0.8100 confluence hurdle
The USD/CHF pair reverses a modest intraday dip and touches a fresh daily high during the early European session on Wednesday, though it remains below the 0.8100 mark.
Wed, Aug 5
Brent: Deal hopes pressure prices below $80 – ING
ING analysts Warren Patterson and Ewa Manthey note that Brent has dropped below $80 per barrel as markets price in a potential short-term US-Iran deal that could reopen the Strait of Hormuz.
Wed, Aug 5
Japanese Yen struggles against US Dollar ahead of US private employment data
The Japanese Yen (JPY) gives back its early gains and flattens at around 157.70 against the US Dollar (USD) during the European trading session on Wednesday.
Wed, Aug 5
Equities: Global risk rally extends on softer inflation – Deutsche Bank
Deutsche Bank strategists highlight a broad-based rally in global equities as lower Oil prices, easing inflation expectations and resilient US data support risk appetite. The S&P 500 and major European indices hit or approached record highs, while Asian benchmarks also advanced.
Wed, Aug 5
Pi Network Price Forecast: PI eyes bullish breakout amid RoboPay payment partnership
Pi Network (PI) edges higher on Wednesday, testing the breakout of a near-term triangle pattern. The recent payment partnership with Robopay signals growing adoption on Pi Network. The technical outlook for PI indicates a mild bullish bias with selling pressure waning.
Wed, Aug 5
USD/CAD Price Forecast: Bulls gain traction as cheaper Crude hits Loonie
The US Dollar (USD) appreciates for the fourth consecutive day against a weaker Canadian Dollar (CAD) on Wednesday, with the USD/CAD pair pushing against weekly highs at 1.4080 at the time of writing.
Wed, Aug 5
Brazilian Real: Disinflation and fiscal risks guide weaker outlook – Rabobank
Rabobank’s Brazil weekly notes that the Brazilian Real (BRL) recently appreciated to BRL 5.0587 per Dollar, ranking among the top emerging-market performers.
Wed, Aug 5
Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout
Silver (XAG/USD) builds on the previous day's modest gains and attracts strong follow-through buying for the second straight day on Wednesday. The positive momentum lifts the white metal to the $62.00 neighborhood – the highest level since July 7 – during the early European session.
Wed, Aug 5
US Dollar: Q3 uptrend seen intact – TD Securities
TD Securities’ macro team, led by Jayati Bharadwaj and colleagues, argues that recent Dollar weakness after the July FOMC is a short-lived retracement within a broader Q3 2026 USD uptrend.
Wed, Aug 5
