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British Pound sits near one-week top, above 215.00 vs weak Yen ahead of UK GDP
The GBP/JPY cross recovers a modest intraday dip and climbs above the 215.00 psychological mark during the first half of the European session on Tuesday.
Euro falls against Canadian Dollar as US-Iran tensions heighten oil supply concerns
EUR/CAD continues its losing streak for the fifth consecutive day, trading around 1.6080 during the European hours on Tuesday. The Euro (EUR) is under pressure as rising risk aversion, driven by escalating US-Iran tensions, weighs on the cross.
WTI and Brent Crude rising on Iran aggression, Gold rising on weaker USD and Iran [Video]
Both WTI and Brent have returned to inflated levels again as traffic in the Strait of Hormuz grinds to a halt.
Gold rallies: Long-awaited rise and growing safe-haven demand
Gold rose to 4,400 USD per ounce on Tuesday, reaching a two-month high. Demand for the precious metal is growing rapidly, even amid heightened inflation risks and expectations of higher interest rates driven by elevated oil prices.
Japanese Yen: Yield outlook fails to lift Yen – Societe Generale
Societe Generale strategists note the Japanese Yen (JPY) remains the main G10 laggard despite higher domestic yields and Bank of Japan (BoJ) tightening.
EUR/GBP Price Forecast: Under growing bearish pressure below 0.8550
The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, weighed by a cautious market mood as hopes of a swift end to Iran’s war wane and Oil prices climb. The EUR USD pair remains capped below 0.8550 after hitting two-week lows at 0.8536 on Monday.
Australian Dollar : Hawkish hold keeps risks alive – TD Securities
TD Securities’ Prashant Newnaha and Alex Loo note that the Reserve Bank of Australia left the cash rate at 4.35% in a unanimous decision, with the Statement and updated forecasts sounding less hawkish than expected.
Indian Rupee falls as oil prices extend rally, India-US CPI data awaited
The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) on Tuesday. The USD/INR pair rises further to near 95.40 as surging oil prices due to escalating fears of a prolonged global supply disruption have weakened the Indian currency.
United Kingdom BRC Like-For-Like Retail Sales (YoY) below expectations (1.5%) in July: Actual (1%)
Colombia Consumer Price Index (MoM) registered at 0.17%, below expectations (0.35%) in July
Gold needs one thing to hit $5,000 [Video]
Gold is ripping higher. Up nearly 10% this month, the breakout has officially invalidated the downtrend.
EUR/USD Price Forecast: 100-day SMA caps Euro recovery
The Euro is poised to end Monday’s session with losses of about 0.13% against the Greenback, as recent news points to a delay in talks between the US and Iran, while, from a technical perspective, EUR/USD stalled at the 100-day Simple Moving Average (SMA) near 1.1568.
Fed's Hammack calls for rate hikes, says policy not restrictive enough
Cleveland Fed President Beth Hammack crossed the wires on Monday and was hawkish, noting that the current rate is not “meaningfully restricting the economy” and that there is a need for some number of rate hikes.
US Treasury yields climb as Oil spike revives CPI jitters
US Treasury yields rose on Monday as traders braced for the release of US inflation figures this week, following a worse-than-expected Nonfarm Payrolls report last Friday.
Citi Mexico Survey expects Banxico hold, USD/MXN ending 2026 at 17.90
Citi Mexico released the Expectations Survey on Monday, in which the central bank polled 35 economists to gather their forecasts for monetary policy, the USD/MXN exchange Rate, inflation expectations, and economic growth.
New Zealand Dollar slips as firm US Dollar and Oil keep the Kiwi pinned
The New Zealand Dollar (NZD) trades near 0.5900 against the US Dollar (USD) on Monday, giving back a little ground after a run toward multi-day highs last week.
Bitcoin slips 2% as MARA, Strategy report BTC selling
Bitcoin (BTC) dropped below $64,000, down 2% on Monday, as it erased much of the momentum seen over the weekend. The decline follows reports of selling pressure from crypto-focused companies MARA Holdings (MARA) and Strategy (MSTR).
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