News
Important Only
FxstreetJul 29, 2024
DXY: Busy data week – OCBC
Ripple gears for showdown with SEC, final ruling in lawsuit likely this week
More unwinding of JPY carry trades at the BOJ meeting – DBS
FxstreetJul 29, 2024
DXY: Weak US Dollar on FOMC – DBS
GBP/USD: Likely to fall towards 1.2775 – Scotiabank
EUR/USD: More weakness to the 1.0725/75 range in the short run – Scotiabank
Forex
USD/CAD: Bulls push towards 1.39 – Scotiabank
The Canadian Dollar (CAD) is little changed on the day and, with little domestic data of note out in the coming days, is likely to remain a bit of a sideshow for markets focusing more intently on developments elsewhere, Scotiabank’s chief FX strategist Shaun Osborne notes.
Fxstreet
Jul 29, 2024
Stocks
Stellantis: Disappointing earnings, Deutsche Bank cuts rating from Buy to Hold
Investing.com – The stock of Stellantis NV (BIT:STLAM) fell by 10% after missing second-quarter estimates and continues to lose ground on the FTSE MIB Monday, with a -2.49% decline in the early afternInvesting.com
Jul 29, 2024
Indices
USD: Downside risks this week – ING
Central banks and macro data have taken an unusual secondary role for FX markets as US politics, stock markets turmoil and some sizeable positioning adjustments generated volatility in some pairs inconsistent with macro developments, ING’s FX strategist Francesco Pesole notes.Fxstreet
Jul 29, 2024
