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Euro: Softer Fed signals may lift EUR against US Dollar – Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a "hawkish hold", with markets already pricing at least one Fed rate hike by year-end.
Wed, Jul 29
NEAR Protocol Price Forecast: NEAR risks a 15% drop as retail demand wanes
NEAR Protocol (NEAR) is trading in the red for the third consecutive day on Wednesday, bringing losses to more than 10% so far this week. Retail support for NEAR wanes, with its futures Open Interest (OI) and funding rate decreasing.
Wed, Jul 29
Indian Rupee: Hedging demand rises on bond gains – BNY
BNY’s Geoff Yu highlights that INR faces strong selling pressure from a rebalancing perspective, as Indian bonds have outperformed major peers. With INR flows broadly flat, FX exposure has risen and investors are advised to keep hedging elevated after strong duration gains.
Wed, Jul 29
US Dollar: Hawkish Fed hold may support USD – MUFG
MUFG’s Lloyd Chan expects the Federal Open Market Committee (FOMC) to deliver a hawkish hold, with the Federal Reserve (Fed) keeping rates unchanged while stressing elevated inflation risks. He notes softer recent US data but highlights that markets still price some probability of a July hike.
Wed, Jul 29
Iraqi PM calls for urgent security meeting after Saudi-US strikes
Iraqi Prime Minister (PM) Ali Faleh al-Zaydi has called for an urgent security meeting on Wednesday following joint military operation from Saudi Arabia and the United States (US), according to a statement.
Wed, Jul 29
Equities: Record highs with tech under pressure – Deutsche Bank
Deutsche Bank analysts note that lower oil prices and bond yields supported US equities, helping the equal-weighted S&P 500 reach a record high as investors rotated into defensive and non-tech sectors.
Wed, Jul 29
Japanese Yen recovery halts below 163.30 US Dollar with Fed’s decision on tap
The Japanese Yen (JPY) has trimmed some losses against the US Dollar (USD) on Wednesday, but USD/JPY dips have been capped above previous highs, in the 163.30 area so far.
Wed, Jul 29
Oil: Volatile on Iran conflict swings – UOB
UOB strategists report that Oil prices initially fell sharply as the United States (US) military campaign against Iran remained paused, with WTI dropping to USD 79.26 and Brent to USD 84.10.
Wed, Jul 29
Iran officially rejects Oman’s regional joint Hormuz management proposal
According to a senior official from Iran, the nation doesn’t support Oman's proposal for regional joint management of Strait of Hormuz, a critical chokepoint for almost 20% of global energy supply.
Wed, Jul 29
Euro edges higher against US Dollar, focus is on Fed’s policy
The Euro (EUR) ticks higher against the US Dollar (USD) at around 1.1393 during the European trading session on Wednesday. The major currency pair edges up as the US Dollar is slightly down ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Wed, Jul 29
Japanese Yen: Fed and energy drivers outweigh BoJ – ING
ING’s Chris Turner and Padhraic Garvey expect the Bank of Japan to keep its policy rate at 1.00% on 31 July, with any modestly hawkish shift seen as unlikely to materially boost the Yen or change the USD/JPY trajectory.
Wed, Jul 29
South Korean Won nears four-month highs despite the KOSPI index selloff
The South Korean Won (KRW) extends gains for the second consecutive day against the US Dollar (USD), and is set for a 6.5% monthly rally. Strong South Korean macroeconomic data and market expectations of monetary tightening by the Bank of Korea have offset the KOSPI Index’s sell-off.
Wed, Jul 29
WTI Price Forecast: Likely revisit 50-day high above $92 on renewed US-Iran attacks
West Texas Intermediate (WTI), futures on NYMEX, trade 3.2% higher at around $81.00 during the early European trading session on Wednesday.
Wed, Jul 29
Euro: Softer Fed signals may lift EUR against US Dollar - Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a "hawkish hold", with markets already pricing at least one Fed rate hike by year-end.
Wed, Jul 29
Pi Network Price Forecast: Bullish RSI divergence adds to rebound odds
Pi Network (PI) holds steady above $0.0700 at press time on Wednesday, following a nearly 20% decline over the last seven days. PI faces firm selling pressure despite ongoing liquidity pool testing, including SLICE and Test-Pi tokens on Pi Launchpad.
Wed, Jul 29
AUD/USD Price Forecast: Seems vulnerable near 0.6950 after soft CPI-driven breakdown
The AUD/USD pair attracts sellers for the third straight day on Wednesday and dives to an over two-week trough following the release of softer Australian consumer inflation figures.
Wed, Jul 29
Indonesian Rupiah gains as Fed uncertainty weighs on US Dollar
USD/IDR depreciates after two days of gains, trading around 18,120 during the Asian hours on Wednesday. However, the pair has lost ground as the US Dollar (USD) struggles ahead of the Federal Reserve’s (Fed) upcoming policy decision.
Wed, Jul 29
Iran's IRGC confirms striking US base in Jordan
In European trade on Wednesday, the Iranian Islamic Revolutionary Guard Corps (IRGC) announces that it fired several ballistic missiles at a United States (US) air base and the military Central Command (CENTCOM) center in Jordan.
Wed, Jul 29
Hyperliquid Price Forecast: ETF outflows deepen slide toward $50
Hyperliquid (HYPE) continues to extend its losses, trading below $54.80 at the time of writing on Wednesday after falling over 8% so far this week. Weakening institutional demand supports this correction, and a deteriorating technical outlook suggests deeper losses ahead.
Wed, Jul 29
Indian Rupee fails to extend winning streak as oil prices bounce back
The Indian Rupee (INR) opens marginally lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR pair rebounds to near 95.85 as oil prices have rebounded strongly due to revived geopolitical risks.
Wed, Jul 29
