Market news
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ATFX Launches World Trading Cup, Bringing Regional Trading Competitions to a Global Stage
ATFX launched the World Trading Cup, a multi-stage global trading competition with up to USD 210,000 in cash rewards, with pre-registration opening 20 July 2026.
Europe Questions CNY Undervaluation and Trade Gap – Rabobank
Rabobank reports that European politician Merz has called for dialogue with China on monetary and FX policy, arguing the yuan is 20–30% undervalued and should be allowed to float more.
Standard Chartered Sees China Fiscal Support Re-Accelerating After Q2 2026 Softening
Standard Chartered economists expect China's fiscal support to pick up again after a slowdown in Q2 2026, which weighed on infrastructure fixed asset investment.
NZD/USD Rally Stalls at SMA Clusters, Bulls Target 0.59
The New Zealand Dollar extended its rally against the US Dollar after a softer US inflation report reduced Fed rate hike expectations. NZD/USD traded at 0.5809, with bulls eyeing the 0.59 level despite resistance at SMA clusters.
GBP/USD Capped Under 200-Day EMA After Soft US Inflation Print
The British pound briefly rallied on the softest US inflation print in six years but remains capped under the 200-day EMA near 1.3400, which has resisted all recovery attempts.
Commerzbank: S&P Rating Support Offset by Rupiah Headwinds
Commerzbank analysts note S&P Global affirmed Indonesia's BBB sovereign rating with stable outlook, but caution that headwinds for the Indonesian Rupiah persist.
GBP/JPY Holds Above 217.00, Targets 218.00
The British Pound strengthened against the Japanese Yen on Tuesday, rising over 0.12% to 217.04 and positioning to challenge the year-to-date high.
USD/CNH Consolidation Holds, UOB Analysts Say
United Overseas Bank analysts note that USD/CNH remains in a consolidation phase with tight intraday price action.
USD/SGD Downward Bias Holds Within Tight Range – UOB
UOB analysts note that USD/SGD remained firm on Monday, closing at 1.2945 after trading between 1.2906 and 1.2950, with the SGD NEER standing 1.68% above its implied midpoint.
US Dollar Falls After Soft CPI, Oil and Gold Rally
The US Dollar Index dropped about 0.4% to 100.90 after weaker-than-expected inflation data, while oil and gold prices rallied.
Euro Strengthens as US Inflation Misses Expectations
EUR/USD rose to near 1.1420 on Tuesday after softer-than-expected US inflation data weighed on the US Dollar. The euro's recovery is primarily driven by broad dollar selling rather than Eurozone factors.
China’s Record Trade Surplus Supports Yuan, Commerzbank Says
Commerzbank’s Dr. Henry Hao highlights that China’s June trade surplus widened sharply as exports surged 27% and imports 36% year-on-year, driven by global AI infrastructure demand, providing a buffer for the yuan against the US dollar.
USD/CHF Drops 0.7% Below 0.8100 After US Inflation Report
USD/CHF fell 0.70% to 0.8091 on Tuesday as a cooler-than-expected US inflation report prompted traders to reduce hawkish Federal Reserve bets.
S&P Affirms Indonesia Ratings, Supports Rupiah but USD Caps Gains
S&P’s affirmation of Indonesia’s BBB/A-2 ratings with stable outlook is mildly supportive for the IDR, though gains remain limited against the US dollar.
US Dollar Index Slips as Soft CPI Dents Fed Rate-Hike Expectations
The US Dollar Index fell on Tuesday after weaker-than-expected inflation data led traders to reduce bets on an imminent Federal Reserve interest rate hike.
China Trade Data Surges on AI Demand, Deutsche Bank Says
China's trade data exceeded expectations in June, with exports and imports accelerating due to strong global AI and tech demand, according to Deutsche Bank strategists.
Aussie Dollar Price Forecast: Heading Toward 0.7000
The Australian Dollar has found tailwinds and appears to be resuming its move toward the 0.7000 level. The constructive outlook remains intact as long as it stays above the key 200-day moving average.
Yen Gains as Soft US CPI Dents Fed Hike Expectations
The Japanese Yen strengthened more than 0.31% against the US Dollar after a softer-than-expected US inflation report prompted traders to scale back hawkish Fed bets. USD/JPY traded at 161.93.
Silver Rises on Soft US Inflation Data, But Downside Risks Remain
Silver advanced on Tuesday after softer-than-expected US inflation data reduced expectations of a Fed rate hike, pushing the dollar lower. The metal trades near $58.50, up about 2%, though a downside bias persists.
AUD/USD Surges Above 0.6990 on Weak US Inflation
AUD/USD rallied sharply to near 0.6990, approaching the 0.7000 psychological level, after softer-than-expected US inflation data weighed on the US dollar.
Gold Recovers to $4,100 After Intraday Plunge
Gold rebounded sharply, recovering the $4,100 level after falling to a low of $3,983.85 as the US dollar reversed its earlier risk-aversion gains.
Canadian Dollar Hits Four-Week High on Soft US CPI and Higher Oil
The Canadian Dollar strengthened to its highest level in four weeks against the US Dollar, supported by softer US inflation data and rising oil prices amid heightened Middle East tensions.
NZD/USD Hits One-Month High as US CPI Misses Expectations
The New Zealand dollar surged to a one-month high against the US dollar after softer-than-expected US inflation data reduced the likelihood of a near-term Federal Reserve rate hike.
Japan’s Foreign Assets Could Be the Yen’s Long-Awaited Catalyst
The Japanese Yen remains weak near a 40-year high against the dollar, but a divergence in JGB yields from global rates may signal a turning point driven by Japan’s massive foreign asset holdings.