Market news
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RBI Holds Repo Rate at 5.25%, Slashes Inflation Forecast
The Reserve Bank of India kept its policy rate unchanged for a fourth straight meeting, trimming its inflation projection while upgrading growth.
EU Mid-Market: US Payrolls Awaited, AI Security Fears Spike
Markets brace for Friday's US employment report as earnings roll in, while a rise in AI agent hacking incidents and munition supply concerns add uncertainty.
ING: Dovish CNB Guidance Likely to Pressure Czech Koruna
ING strategist Frantisek Taborsky expects the Czech National Bank to hold rates at 3.75% but adopt a more dovish tone, which may weaken the koruna against the euro.
Silver Holds Steady Near $62.01, Market Looks for Direction
Silver prices were broadly unchanged on Thursday, with XAG/USD trading at $62.01 per troy ounce, down just 0.06% from the prior level.
DXY rebounds past 99.80 after Israeli airstrike in southern Lebanon
The US Dollar Index recovered on Monday, holding gains near 99.80 after two days of losses. The move followed reports of an Israeli airstrike in southern Lebanon, boosting safe-haven demand for the greenback.
AUD/JPY Slips as Fiscal Concerns Weigh on Yen, Capping Aussie Losses
The Australian dollar snapped a two-day rally against the yen on Thursday amid fiscal concerns that pressured the Japanese currency, limiting the pair’s downside.
Yen Holds Gains as Dollar Retreats on Geopolitical Easing and ‘Sell America’ Trade
The US dollar weakened further as geopolitical risks eased and the ‘sell America’ trade gained momentum, fuelling yen strength. Distrust in US policy added to the greenback’s decline.
Euro Holds Two-Day Gains Against Yen as Markets Eye Intervention Clarity
The euro clung to its two-day advance versus the yen, trading near 182.25 in European hours as investors awaited signals on possible US-Japan currency intervention.
Standard Chartered Sees RBA Holding Rate at 4.35% in August as Inflation Eases
Standard Chartered’s Nicholas Chia predicts the Reserve Bank of Australia will keep the cash rate at 4.35% at its August meeting and refrain from further hikes this year, citing easing core inflation.
EUR/GBP Edges Lower but Dips Remain Shallow Below 0.8580
The euro drifted lower against the pound after a three-day advance, but sellers failed to push prices meaningfully beneath the 0.8580 handle.
GBP/USD Gains Capped Below 1.3555, UOB Says
UOB analysts note sterling edged higher to 1.3469 but resistance at 1.3555 holds. The pair is expected to trade a 1.3445–1.3495 range with only slightly firmer momentum.
USD/CHF Eyes Gains Above 0.8100 on Bullish Setup
The USD/CHF pair rebounded from the 0.8060 area on Thursday, snapping a two-day losing streak, with bulls targeting a break above 0.8100.
Commerzbank: Lower Oil Prices Could Cap Euro Near-Term
Falling crude prices may initially restrain the euro by reducing ECB rate expectations, according to Commerzbank's Michael Pfister. The note also examines the potential impact of a Russia-Ukraine ceasefire on the common currency.
NZD/USD Falls to 0.5870 as Safe-Haven Dollar Strengthens
The New Zealand Dollar weakens to around 0.5870 against the US Dollar amid safe-haven flows following an Israeli airstrike in southern Lebanon.
GBP/USD gathers strength for VCP breakout
GBP/USD is trading slightly lower near 1.3460, but a volatility contraction pattern on the charts suggests the pair may be coiling for a directional move.
Pepperstone hires Block/Square alum Caitlin Walsh as Head of Corporate Affairs
Pepperstone has appointed Caitlin Walsh, formerly Block’s APAC head of corporate and policy communications, as its new Head of Corporate Affairs.
EUR/USD shows mild upside bias, resistance at 1.1565 ahead
UOB analysts note that EUR/USD closed at 1.1551 with mild upward momentum, eyeing a test of 1.1565 but unlikely to reach 1.1600 without stronger momentum.
USD/CAD Steady Near 1.4015 as Iran Deal Talks Loom
The Canadian Dollar traded flat against the US Dollar on Thursday, with USD/CAD holding near 1.4015 in early European hours as traders weighed a potential US-Iran deal and awaited US jobless claims data.
Euro Holds Near Three-Week Highs on Upbeat Data, Cheaper Oil
The euro traded flat against the dollar near 1.1550 on Thursday, supported by positive economic data and falling oil prices, after a 1.6% rally from last week.
XS.com hires FP Markets alum Andreas Achniotis as Head of Affiliates
Dubai-based retail FX and CFDs broker XS.com has appointed Andreas Achniotis, formerly of FP Markets, as Head of Affiliates.
German Factory Orders Climb 3.1% in June, Beat Estimates
Germany's factory orders increased by 3.1% month-over-month in June, exceeding expectations and signaling stronger manufacturing momentum.
Market Update: US-China Tensions Simmer, Hawkish Fed, Tech Weakness
Asian markets were mixed as investors assessed hawkish Fed remarks, ongoing US-China trade friction, tech sector weakness, and the upcoming US jobs report.
AUD/USD Pulls Back from June High, But Upside Still in Sight
The Australian dollar slipped below 0.7050 on Thursday after hitting its highest since June 17 at 0.7065, but the broader outlook remains tilted to the upside.
GBP/USD Slips to 1.3460 on US-Iran Deal Uncertainty
GBP/USD dipped to around 1.3460 in early European trading Thursday as conflicting US-Iran rhetoric raised market caution.