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British Pound weakens below 1.3550 on renewed US strikes on Iran
The GBP/USD pair declines to near 1.3530 during the early Asian session on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) as renewed conflict and shipping disruptions in the Strait of Hormuz have reignited energy-driven inflation risks.
Thu, Jul 16
South Korea BoK Interest Rate Decision meets forecasts (2.75%)
South Korea BoK Interest Rate Decision meets forecasts (2.75%)
Thu, Jul 16
Canadian Dollar consolidates near four-week top vs USD; elevated oil prices favor bulls
The USD/CAD pair is seen oscillating in a range during the Asian session on Thursday and consolidating its recent losses to a four-week low, touched the previous day.
Thu, Jul 16
PBOC sets USD/CNY reference rate at 6.7909 vs. 6.7910 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7909 compared to the previous day's fix of 6.7910 and 6.7577 Reuters estimate.
Thu, Jul 16
Australian Dollar remains subdued as Consumer Inflation Expectations fall in July
AUD/USD loses ground after two days of gains, trading around 0.7000 during the Asian hours on Thursday.
Thu, Jul 16
Australia Consumer Inflation Expectations down to 4.7% in July from previous 5.5%
Australia Consumer Inflation Expectations down to 4.7% in July from previous 5.5%
Thu, Jul 16
Bitcoin bottom may be taking shape as selling pressure eases — Glassnode
Bitcoin's (BTC) recent recovery may mark the early stages of a bottoming process as macroeconomic data continues to boost investor confidence, according to a Glassnode report on Wednesday.
Thu, Jul 16
New Zealand Dollar drops as Middle East conflict escalates
NZD/USD inches lower after two days of gains, trading around 0.5840 during the Asian hours on Thursday. Traders are adopting a highly cautious stance ahead of Friday’s looming June food inflation data, which follows a sharp acceleration in figures back in May.
Thu, Jul 16
WTI gains traction to near $79.50 after US strikes on Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.50 during the early Asian trading hours on Thursday.
Thu, Jul 16
Chinese Yuan: Upside bias against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH drop to 6.7691, shifting the short-term bias to the downside. They see scope for further weakness, though the 6.7600 support is unlikely to be reached immediately.
Wed, Jul 15
Ethereum Price Forecast: ETH rises above $1,900 as BitMine sees improved staking revenue
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) saw over $45.7 million in staking and validation revenue in the quarter that ended May 31, according to a 10-Q filing with the Securities and Exchange Commission (SEC).
Wed, Jul 15
Japan Foreign Investment in Japan Stocks climbed from previous ¥-22.2B to ¥745.6B in July 10
Japan Foreign Investment in Japan Stocks climbed from previous ¥-22.2B to ¥745.6B in July 10
Wed, Jul 15
Singapore Dollar: Range trading persists with strong performance against US Dollar – Commerzbank
Commerzbank’s Moses Lim highlights that USD/SGD fell 0.3% to 1.2910 on Dollar weakness, with the pair consolidating in a 1.29–1.30 range since mid-June. Singapore’s strong growth backdrop and benign inflation support the Singapore Dollar, which is the third-strongest Asian currency this year.
Wed, Jul 15
US military carries out another wave of strikes against Iran
The US Central Command (CENTCOM) said that it has launched another wave of strikes against Iran in a further effort to keep the Strait of Hormuz open, the Guardian reported on Wednesday.
Wed, Jul 15
Gold drifts higher above $4,050 as US PPI unexpectedly fell in June
Gold price (XAU/USD) edges higher to around $4,060 during the early Asian session on Thursday. The precious metal rebounds as softer US inflation has fueled hopes that the US Federal Reserve (Fed) will hold rates steady at the upcoming July policy meeting.
Wed, Jul 15
China: Growth slows as policy support eyed – ING
ING’s Chief Economist for Greater China, Lynn Song, notes that China’s second-quarter GDP growth slowed to 4.3% year-on-year from 5.0% in the first quarter, the weakest pace since late 2022.
Wed, Jul 15
EUR/USD Price Forecast: Approaches 1.1600 as RSI shifts bullish
The EUR/USD advances some 0.41% on Wednesday, trading at 1.1466 after US inflation data was softer than expected, weighing on the Greenback, as market participants expect a less hawkish Federal Reserve. Towards the end of the year.
Wed, Jul 15
The Japanese Yen gets a gift from American inflation and hands it straight back
USD/JPY has spent Wednesday doing an impression of volatility without any of the substance. The pair climbed to 162.42 through the London morning, was knocked down to 161.90 by the New York afternoon, bounced back to 162.28, and trades at 162.11 at writing, which is precisely where it opened.
Wed, Jul 15
The Australian Dollar reclaims a big figure and immediately loses its nerve
The Australian Dollar opened near 0.6975, ground higher through every session of the day, and poked above 0.7000 for the first time since mid-June before the momentum quietly left the room.
Wed, Jul 15
The British Pound Sterling breaks out on the strength of someone else's weakness
Cable spent the London morning drifting, printed the session low at 1.3381 shortly after 10:00 GMT, and then spent the New York afternoon repricing the entire Dollar complex.
Wed, Jul 15
