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European Central Bank: September hike risk builds – ING
ING’s Michiel Tukker expects the European Central Bank (ECB) to keep the deposit rate at 2.25% at the upcoming meeting, with a September hike seen as likely as Oil prices rise and markets already price in around 23bp.
Brent
Fxstreet
Thu, Jul 23
US Secretary of State Rubio warns of intensifying military attacks on Iran
United States (US) Secretary of State Marco Rubio warns that military attacks on Iran could intensify further, as the nation is not ready to make a deal.
Fxstreet
Thu, Jul 23
China FDI - Foreign Direct Investment (YTD) (YoY) up to -5% in June from previous -8.6%
Fxstreet
Thu, Jul 23
British Pound: Sterling to hand back gains – ING
ING analysts Chris Turner, Francesco Pesole and James Smith argue Sterling’s summer strength is driven by positioning, carry and possible M&A flows rather than UK fundamentals.
GBP/USD
EUR/GBP
Fxstreet
Thu, Jul 23
Forex Today: Focus shifts to ECB rate call, while tensions remain high in Middle East
Here is what you need to know on Thursday, July 23:
Fxstreet
Thu, Jul 23
European Central Bank set to hold interest rates amid cooling inflation and weaker growth
The European Central Bank (ECB) is expected to hold the interest rate on the main refinancing operations and the deposit facility steady at 2.4% and 2.25%, respectively. The decision will be announced on Thursday at 12:15 GMT.
EUR/USD
Fxstreet
Thu, Jul 23
Brent: Energy risk premium rises – RaboResearch
Rabobank strategist Michael Every warns that escalating conflict around Hormuz and the Red Sea could push Brent above its current USD 95.5 level and widen crack spreads further.
Brent
Fxstreet
Thu, Jul 23
Japanese Yen: Further losses toward 163.50 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note after USD/JPY hit a 40‑year high above 163, now expect intraday consolidation between 162.80 and 163.30 as recent price action offers few fresh clues.
USD/JPY
Fxstreet
Thu, Jul 23
Equities: Mixed global performance following earnings – Deutsche Bank
Deutsche Bank strategists highlight a mixed performance across global equities over the last 24 hours. United States (US) stocks were softer, with the S&P 500 slightly lower, while Asian indices such as KOSPI, Hang Seng and Nikkei advanced and European equities saw gains led by STOXX 600.
Fxstreet
Thu, Jul 23
Turkey Consumer Confidence rose from previous 87.9 to 89.8 in July
Turkey Consumer Confidence rose from previous 87.9 to 89.8 in July
USD/TRY
Fxstreet
Thu, Jul 23
France Business Climate in Manufacturing in line with expectations (101) in July
France Business Climate in Manufacturing in line with expectations (101) in July
Fxstreet
Thu, Jul 23
Canadian Dollar gains traction on rising oil prices as US-Iran war escalates
The USD/CAD pair attracts some sellers to near 1.4060 during the early European trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
USD/CAD
Brent
Fxstreet
Thu, Jul 23
Indonesian Rupiah steadies as traders weigh BI’s decision of holding rates
USD/IDR moves little after posting minor gains in the previous day, trading around 17,960 during the Asian hours on Thursday. The pair steadies as the Indonesian Rupiah (IDR) strengthens following Bank Indonesia's (BI) surprise decision to hold benchmark rates at 5.75%.
Fxstreet
Thu, Jul 23
Singapore Consumer Price Index (YoY) below expectations (2) in June: Actual (1.9)
Singapore Consumer Price Index (YoY) below expectations (2) in June: Actual (1.9)
Fxstreet
Thu, Jul 23
BoJ to raise rates again by December — Reuters poll
According to a majority of economists in a Reuters poll, the Bank of Japan (BoJ) will raise its interest rate again by the end of December and possibly as soon as October, keeping further rate rises in view through next year.
USD/JPY
Fxstreet
Thu, Jul 23
Netherlands, The Consumer Confidence Adj rose from previous -39 to -35 in July
Netherlands, The Consumer Confidence Adj rose from previous -39 to -35 in July
Fxstreet
Thu, Jul 23
Australian Dollar gains against Japanese Yen following employment data
AUD/JPY gains ground after recovering daily losses, trading around 114.30 during the Asian hour on Thursday. The currency cross receives support as the Australian Dollar (AUD) gains ground following the release of improved Australian employment data.
AUD/JPY
Fxstreet
Thu, Jul 23
Japan’s Katayama: Ready to take decisive action on foreign exchange as needed
Japanese Finance Minister Satsuki Katayama reiterated on Thursday that his government was “ready to take decisive action on foreign exchange as needed.”
USD/JPY
Fxstreet
Thu, Jul 23
Australia Part-Time Employment: 47K (June) vs 35.2K
Australia Part-Time Employment: 47K (June) vs 35.2K
Fxstreet
Thu, Jul 23
Australia Employment Change s.a. came in at 76.3K, above expectations (15K) in June
Australia Employment Change s.a. came in at 76.3K, above expectations (15K) in June
Fxstreet
Thu, Jul 23
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