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Canadian Dollar extends pullback from two-month high as oil-driven Fed hike bets lift USD
The USD/CAD pair builds on the previous day's bounce from the 1.3900 neighborhood, or a two-month low, and gains follow-through positive traction for the second straight day on Thursday.
Spain Harmonized Index of Consumer Prices (MoM) came in at 0%, above expectations (-0.1%) in July
Spain Harmonized Index of Consumer Prices (YoY) came in at 3.9%, above expectations (3.8%) in July
Equities: AI rally and CPI relief lift US stocks – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 closed just below its record high as US CPI data reduced urgency for further Federal Reserve hikes. Front-end Treasuries rallied and semiconductor strength supported equities, while volatility fell to its lowest level since January.
Euro holds gains against British Pound as UK GDP slows in Q2
The EUR/GBP cross holds positive ground near 0.8540 during the early European trading hours on Thursday. The British Pound (GBP) remains weak against the Euro (EUR) following the UK economic data.
US treasury yields modestly bull-steepened
Overnight developments in the Middle East show that a breakthrough remains elusive.
Monolith Market introduces four account types for different trading profiles
Monolith Market has structured its offering into four account types — Standard, Advanced, Professional and Corporate/Institutional — each with distinct conditions and service levels, designed for different operating profiles.
Indian Rupee: Contained inflation supports RBI pause – Commerzbank
Commerzbank’s FX team notes India’s July CPI rose slightly to 4.5% year-on-year but stayed within the Reserve Bank of India’s target band, with core inflation steady at 3.9%.
British Pound drifts away from 1.3500 as UK GDP slows down and Industrial Production falls
The British Pound (GBP) treads water against the US Dollar (USD), trading practically flat, a few pips below the 1.3500 level on Thursday's early London session.
Oil: Supply disruptions raise deficit risks – ING
ING analysts Warren Patterson and Ewa Manthey note Oil prices have eased, with Brent crude ending largely flat as US-Iran talks remain in deadlock and Russian port infrastructure escapes major damage.
Switzerland Producer and Import Prices (MoM) came in at -0.1% below forecasts (0.2%) in July
CEE: Recovery gathers pace in industry sector
While retail sector has lost momentum over the second quarter, situation in industry is quite different. Average industrial output growth shows a clear improvement in Poland, Czechia and Hungary as well as Slovenia and Serbia.
Euro: Range phase after failed upside break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD briefly spiked to 1.1562 on the US CPI release before reversing to 1.1524.
British Pound attracts bids against Japanese Yen after UK Q2 GDP data
The British Pound (GBP) attracts slight bids against the Japanese Yen (JPY) during the European trading session on Wednesday, following the release of the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data.
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