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Spain Consumer Price Index (YoY) meets expectations (3.2%) in June
Spain Consumer Price Index (YoY) meets expectations (3.2%) in June
Wed, Jul 15
Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June
Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June
Wed, Jul 15
Euro snaps three-day losing streak against Canadian Dollar, BoC policy eyed
The Euro (EUR) bounces back against the Canadian Dollar (CAD) after a three-day losing streak, trading 0.13% higher to near 1.6078 during the European trading session on Wednesday.
Wed, Jul 15
British Pound: Advance stalled with neutral range view against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that GBP/USD’s late-month advance has stalled, with the pair rebounding to 1.3442 before closing at 1.3387. Intraday, the British Pound (GBP) is expected to trade between 1.3360 and 1.3430.
Wed, Jul 15
US Dollar: Long positioning faces reality check – DBS
DBS Group Research economist Philip Wee warns that speculative long positions in the US Dollar (USD) look vulnerable after June US CPI surprised on the downside.
Wed, Jul 15
Gold: Rebound needs softer Oil and data – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that Gold has rebounded from sub-4000 levels after softer United States (US) Consumer Price Index (CPI) prompted markets to pare Fed hike expectations and pushed USD and front-end US Treasury yields lower.
Wed, Jul 15
Silver Price Forecasts: XAG/USD holds below $59.00 despite US Dollar’s weakness
Silver (XAG/USD) ticks lower on Wednesday, trading at $58.50 at the time of writing, after rejection at the $59.00 area on Tuesday. The sour market sentiment amid rising hostilities in Iran continues to weigh on the precious metal, offsetting the positive impact of a weaker US Dollar Index (DXY).
Wed, Jul 15
Equities: CPI-driven gains and tech dispersion – Deutsche Bank
Deutsche Bank strategists note that softer United States (US) Consumer Price Index (CPI), gains in chipmakers and strong bank earnings supported US equities despite sharp weakness in software stocks.
Wed, Jul 15
Japan's Takaichi: Food inflation has decelerated slightly, but still remains high
Japan’s Prime Minister Sanae Takaichi said on Wednesday that food inflation has decelerated slightly but still remains high.
Wed, Jul 15
Chinese Yuan: Appreciation scope seen limited against US Dollar – Commerzbank
Volkmar Baur at Commerzbank highlights that China’s weak domestic economy and reliance on exports constrain upside for the Chinese Yuan. Despite solid export growth and sizeable trade surpluses, investment and real retail sales remain soft.
Wed, Jul 15
USD/JPY Price Forecast: Reflects volatility contraction amid triangle formation
The USD/JPY pair trades slightly lower at around 162.20 during the European trading session on Wednesday. The pair edges down as the US Dollar (USD) underperforms due to easing fears of interest rate hikes by the Federal Reserve (Fed) this year.
Wed, Jul 15
Canadian Dollar edges higher ahead of BoC rate decision
The USD/CAD pair loses traction to near 1.4050 during the early European trading hours on Wednesday. Traders expect the US Federal Reserve (Fed) to skip the July rate hike as inflation cools, weighing on the US Dollar (USD) against the Canadian Dollar (CAD).
Wed, Jul 15
Euro: Range-trading bias around recent highs against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann report EUR/USD briefly spiked to 1.1462 after weaker United States (US) Consumer Price Index (CPI) before retreating to 1.1419.
Wed, Jul 15
Jupiter Price Forecast: JUP extends gains as derivatives sentiment improves
Jupiter (JUP) extends its recovery, trading above $0.210 on Wednesday after finding support near $0.200 earlier this week.
Wed, Jul 15
Indian Rupee attracts bids as traders trim Fed interest rate hike bets
The Indian Rupee (INR) gains ground against the US Dollar (USD) on Wednesday after rising significantly in the last three trading days.
Wed, Jul 15
Euro edges higher against British Pound as oil surge lifts ECB rate expectations
The EUR/GBP cross gains momentum to near 0.8535 during the early European trading hours on Wednesday. Traders ramp up bets on the Bank of England (BoE) and European Central Bank (ECB) rate hikes as oil price surge reignites inflation fears.
Wed, Jul 15
ECB's Kocher: Ready to take monetary policy action at any time if needed
European Central Bank (ECB) Governing Council member Martin Kocher said on Wednesday that the central bank prepared to implement monetary policy measures whenever necessary.
Wed, Jul 15
Pi Network Price Forecast: PI eyes a rebound as broader market recovers
Pi Network (PI) hovers above $0.07500 on Wednesday, showing early signs of a rebound from a key support zone after over two weeks of steady decline.
Wed, Jul 15
WTI Price Forecast: Consolidates around $79.00, above 200-day EMA and 23.6% Fibo.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a narrow band during the Asian session on Wednesday, consolidating its weekly gains to a nearly one-month peak set the previous day.
Wed, Jul 15
British Pound advances as US Dollar remains subdued following inflation data
GBP/USD rises for the second consecutive day, trading around 1.3400 during the Asian hours on Wednesday.
Wed, Jul 15
