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Spain 3-Month Letras Auction rose from previous 2.239% to 2.366%
Spain 3-Month Letras Auction rose from previous 2.239% to 2.366%
Tue, Jul 14
Japanese Yen: Stays weak within broad band against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann report USD/JPY rebounded from 161.26 to trade between 161.55 and 162.48, closing firm at 162.42. They see scope for a test of 162.70 while keeping 163.00 out of view, with support at 162.20/162.00.
Tue, Jul 14
Euro rises against US Dollar as latter corrects ahead of US CPI data
The Euro (EUR) trades slightly higher to near 1.1395 against the US Dollar (USD) during the European trading session on Tuesday. The major currency pair gains as the US Dollar corrects ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Tue, Jul 14
US CPI data set to show inflation cooled in June due to tumbling fuel prices
The US Bureau of Labor Statistics (BLS) will publish the June Consumer Price Index (CPI) data on Tuesday. The report is expected to show a decline in consumer inflation, driven by the easing of crude Oil prices following the ceasefire announcement between the United States (USD) and Iran.
Tue, Jul 14
Dow Jones futures fall ahead of results from Wall Street lenders
Dow Jones futures lose 0.26% to trade around 52,620 during European trading hours on Tuesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.03% and 0.42%, trading near 7,560 and 29,600, respectively.
Tue, Jul 14
Oil: Stagflation fears rise with Middle East tensions – Deutsche Bank
Deutsche Bank strategists highlight a sharp jump in Oil prices driven by escalating tensions between the US and Iran and renewed rhetoric from President Trump on the Strait of Hormuz.
Tue, Jul 14
USD/CHF Price Forecast: Consolidates gains above 0.8130 with US CPI, Fed Warsh in focus
The US Dollar (USD) is trading practically flat against the Swiss Franc (CHF) on Tuesday, consolidating gains after a 0.7% rally on Monday, boosted by rising geopolitical tensions and hawkish Comments by Federal Reserve (Fed) Governor Christopher Waller.
Tue, Jul 14
Swiss Franc: Weakens as Euro tests triangle resistance – Societe Generale
Societe Generale technical analysts note that EUR/CHF has moved above its 200-DMA and is challenging resistance defined by the March and April highs.
Tue, Jul 14
USD/CAD Price Forecast: Surging Oil prices back further downside
The Canadian Dollar (CAD) trades higher against its major currency peers, except antipodeans, during the European trading session on Tuesday.
Tue, Jul 14
US Dollar: Fed reaction focus after Waller – MUFG
MUFG’s Michael Wan notes the Dollar strengthened as US Treasury yields rose and equities sold off, helped by renewed US–Iran tensions and higher Oil prices.
Tue, Jul 14
British Pound flat below 217.00 as JPY intervention risks cap gains; bullish bias intact
The GBP/JPY cross struggles to gain any meaningful traction and seesaws between tepid gains/minor losses through the early part of the European session on Tuesday.
Tue, Jul 14
Gold: Oil spike weighs on prices – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Gold has dropped toward 4000 as renewed US–Iran tensions pushed Oil sharply higher, reviving inflation concerns and lifting US yields.
Tue, Jul 14
WTI rises above $80.00 as US launches strikes, Iran disrupts shipping
West Texas Intermediate (WTI) oil price continues to gain ground, trading around $80.20 per barrel during the European hours on Tuesday. Crude oil prices rise due to rising supply concerns, which could be attributed to the escalating United States (US)-Iran tensions.
Tue, Jul 14
Australian Dollar: Waiting for Australian data before RBA – Commerzbank
Volkmar Baur at Commerzbank notes the Australian Dollar (AUD) has traded largely sideways, with markets waiting for clarity on Middle East developments and upcoming Australian labor and inflation data ahead of the August 11 Reserve Bank of Australia (RBA) meeting.
Tue, Jul 14
NEAR Protocol Price Forecast: Revenue-backed buybacks fuel recovery momentum
NEAR Protocol (NEAR) price is up 2% on Tuesday, testing the breakout of its 50-day Exponential Moving Average (EMA) at $1.95. On-chain data show early signs of a deflationary mechanism, with the capture rate rising to 30% over 30 days and 24% of revenue being shifted toward buybacks.
Tue, Jul 14
Forex Today: Eyes on US inflation data and Fed Chair Warsh testimony as Oil prices surge
Here is what you need to know on Tuesday, July 14:
Tue, Jul 14
Oil: Hormuz tensions drive price surge – ING
ING strategists Warren Patterson and Ewa Manthey highlight sharply higher Oil prices as US–Iran tensions escalate and vessel traffic through the Strait of Hormuz slows.
Tue, Jul 14
Australian Dollar treads water above 0.6900, amid the risk-off market mood
The Australian Dollar (AUD) posts moderate gains against the US Dollar on Tuesday, bouncing to the 0.6930 area from session lows near 0.6910.
Tue, Jul 14
British Pound: Advance has ended with range trade likely against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that GBP/USD gapped lower, dropping to 1.3343 and closing at 1.3346 as the Dollar firmed.
Tue, Jul 14
United States Dollar Index Price Forecast: Holds above 101.00 ahead of US CPI, Fed's Warsh
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, sticks to modest intraday losses through the early European session on Tuesday as bulls seem hesitant ahead of the latest US consumer inflation figures.
Tue, Jul 14
