FXStreet
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FXStreet is made up of a team of approximately 60 people, 30 of them working from the head office in Barcelona. The rest of the staff is working from around the world.
Japanese Yen: Mixed range trade outlook against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY has seen a slight increase in downward momentum, pointing to a lower intraday range around 161.70–162.30.
Thu, Jul 16
US Dollar: Retail sales slowdown view – TD Securities
TD Securities’ macro team expects June US Retail Sales to stagnate at 0.0% month-on-month, versus the consensus 0.2%. They see weakness led by the control group, negative gasoline sales from falling prices, and a drop in food services, partly offset by strong auto sales.
Thu, Jul 16
Gold Price Forecast: XAU/USD stays below 20-day EMA, sees further downside below $3,940
Gold price (XAU/USD) is down 0.7% to near $4,030 during the European trading session on Thursday. The precious metal faces selling pressures as global inflation concerns remain intact amid elevated energy prices in the wake of widening military aggression between the United States (US) and Iran.
Thu, Jul 16
British Pound rallies to multi-month highs on reports of Mahmood appointment
The British Pound (GBP) has staged a broad-based rally across major currency pairs, hitting multi-month highs against both the US Dollar (USD) and the Euro (EUR).
Thu, Jul 16
Pyth Network Price Forecast: PYTH gains momentum amid extended Coinbase support
Pyth Network (PYTH) recovers nearly 5% on Thursday, approaching the $0.05000 psychological mark. The Wednesday release of SK Hynix and Lumentum perpetual futures on Coinbase, powered by Pyth Network, lifts retail demand.
Thu, Jul 16
Brazilian Real: Below 50dma opens move to 5.00 – Societe Generale
Societe Generale highlights that USD/BRL has retreated to 5.07 after threatening 5.20 earlier in July, with the Brazilian Real (BRL) retaining a firm tone following soft United States (US) Producer Price Index (PPI) and lower Treasury yields.
Thu, Jul 16
Euro rises vs British Pound amid hawkish ECB comments, mixed UK economic data
EUR/GBP trades around 0.8485 on Thursday, up 0.24% at the time of writing, as investors digest a mixed batch of UK economic data and continued hawkish comments from European Central Bank (ECB) policymakers.
Thu, Jul 16
Australian Dollar consolidates gains as dwindling Fed hiking hopes hurt the US Dollar
The Australian Dollar (AUD) trades practically flat against a weaker US Dollar (USD) on Thursday as investors pare back bets of immediate Fed tightening, following unexpectedly soft US inflation figures earlier in the week.
Thu, Jul 16
Crude oil loading suspended at all Iraqi terminals after drone incident – Reuters
Citing four Iraqi oil and security sources, Reuters reported on Thursday that a drone crashed into an oil tanker in Iraq's Basra terminal, although no damage or fire was caused.
Thu, Jul 16
British Pound: Fiscal reassurance supports gains – MUFG
Lee Hardman at MUFG highlights that the British Pound (GBP) has strengthened sharply, helped by reports that Shabana Mahmood is set to become the next UK chancellor, reinforcing expectations of “sound public finances” under Prime Minister in-waiting Andy Burnham.
Thu, Jul 16
US Dollar: Losing more ground – ING
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note the Dollar remains under pressure after softer US CPI and PPI data, with FX volatility declining and Brent around $85.
Thu, Jul 16
United Kingdom 10-y Bond Auction up to 5.04% from previous 4.858%
United Kingdom 10-y Bond Auction up to 5.04% from previous 4.858%
Thu, Jul 16
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $57.00 per troy ounce, down 1.34% from the $57.77 it cost on Wednesday.
Thu, Jul 16
Euro remains stronger against Canadian Dollar following Eurozone Trade Balance data
EUR/CAD extends its gains for the second successive day, trading around 1.6100 during the European hours on Thursday.
Thu, Jul 16
New Zealand Dollar: Kiwi vulnerable to softer data – Commerzbank
Commerzbank’s Volkmar Baur notes that the New Zealand Dollar has recovered about 2 cents since the latest rate hike, with markets now effectively pricing in nearly one additional hike by year-end.
Thu, Jul 16
Italy Trade Balance EU up to €0.845B in May from previous €0.316B
Italy Trade Balance EU up to €0.845B in May from previous €0.316B
Thu, Jul 16
GBP/USD Price Forecast: Dip-buying favored on pullbacks below 1.3500
The GBP/USD pair attracts some sellers on Thursday and erodes a part of the previous day's strong gains to an over two-month high, around the 1.3555-1.3560 region.
Thu, Jul 16
WTI remains broadly firm near $79 amid continued US-Iran aggression
West Texas Intermediate (WTI), futures on NYMEX, trade 0.9% lower to near $79.00 during the European trading session on Thursday, but is closer to its monthly high of $80.61 posted on Tuesday.
Thu, Jul 16
Italy Global Trade Balance above expectations (€4.5B) in May: Actual (€4.793B)
Italy Global Trade Balance above expectations (€4.5B) in May: Actual (€4.793B)
Thu, Jul 16
Eurozone Trade Balance s.a. declined to €-5B in May from previous €1.3B
Eurozone Trade Balance s.a. declined to €-5B in May from previous €1.3B
Thu, Jul 16
