Market news
Crypto, stocks, forex and macro, aggregated for traders.
Euro Holds Steady Near Fair Value in 1.15-1.16 Range, Scotiabank Says
Scotiabank strategists note EUR/USD is trading close to fair value based on 2-year yield spreads, with constructive fundamentals supporting the recovery.
eToro Signs Formula One Driver Pierre Gasly Following Alpine Team Partnership
eToro has signed Formula One driver Pierre Gasly, extending its 2026 sponsorship of the BWT Alpine team with live events, podcasts and social media content.
Brazilian Real Inflows Near Post-COVID Highs, Supporting Carry Trade
BNY strategist Geoff Yu reports that portfolio inflows into Brazil are at their highest since the pandemic, driven by demand for equities and government bonds, underpinning the real’s carry appeal ahead of the Selic decision.
Euro Edges Higher After Weak US Labour Data, Cheaper Oil Dampen Rate-Hike Outlook
EUR/USD moved modestly higher on Wednesday as softer-than-expected US jobs figures and falling oil prices reduced the urgency for further Federal Reserve tightening.
RBI’s August Policy Neutral for INR, Seen Defending 97 Band: SocGen
Societe Generale says the Reserve Bank of India’s August policy outcome is neutral for the rupee, with the central bank seen defending the 97 level onshore.
TD Securities: USD/JPY Intervention Drop Capped Near 153; BoJ Hike in December
TD Securities expects the recent intervention-driven decline in USD/JPY to be temporary, with a floor around 153. The firm also sees the Bank of Japan's next rate hike likely in December.
Strategists Lower Euro Forecasts, Doubt Yen Intervention Impact
A Reuters poll shows currency strategists have modestly cut their euro forecasts while markets remain skeptical about the effectiveness of Japan’s yen intervention efforts.
Andy Biggs promoted to CEO of IG Securities
IG Group has promoted Andy Biggs to CEO of IG Securities, adding responsibility for core technology and IG Prime just months after he joined from Finalto.
ActivTrades Rewards Clients With Interest on Uninvested Cash, Paying Up to 3.3% on US Dollar Balances
ActivTrades has launched interest on uninvested free margin through its Mauritius entity, paying 3.3% on USD balances up to $100,000 and 2.4% on EUR, with monthly crediting.
Treasury Secretary Bessent Vows 'Whatever It Takes' to Support Yen Defense
Treasury Secretary Bessent pledged 'whatever it takes' to help Japan defend the yen, echoing Mario Draghi's 2012 commitment to the euro, as he works to expand a repo facility for Japan.
USD/INR Firms After Testing One-Month Low as RBI Holds Rate at 5.25%
USD/INR edged higher after touching a one-month low, while the Reserve Bank of India kept its policy rate unchanged at 5.25% and maintained a neutral stance, according to BBH.
Brazil's Real Rates to Stay Restrictive, Capping FX Impact: Commerzbank
Markets expect a 25 bps cut from the Brazilian Central Bank, but real rates will remain highly restrictive, limiting the impact on the Brazilian Real, according to Commerzbank’s Norman Liebke.
Canadian Dollar Strengthens as Oil Rebounds and USD Softens After Weak ADP Data
The Canadian dollar firmed against the US dollar on Wednesday, supported by a rebound in oil prices and a softer greenback following disappointing ADP employment figures.
Dollar Index to Consolidate in 96–100 Range as Rally Ends: BBH
The US Dollar's rally from May has likely ended, with the DXY expected to consolidate in a 96.00–100.00 range, according to Brown Brothers Harriman's Elias Haddad.
EUR/USD Edges Higher, Nears Key 1.1550 Level
The euro gains 0.15% against the dollar in European trading, approaching the crucial 1.1550 mark as the greenback softens ahead of busy North American data.
Silver Steady Near One-Month Highs, Capped Below $62
Silver meets resistance at $61.90, pulling back to $61.24, but holds above the four-week range top of $60.90.
Gold Hits One-Month High as Hormuz Hopes Ease Inflation Pressure
Gold climbed to its strongest level in a month on Wednesday, buoyed by renewed optimism over the reopening of the Strait of Hormuz that weighed on oil prices and tempered inflation fears.
Soft JOLTS, Firmer ISM Services Outlook: TD Securities on Dollar
TD Securities strategists note that US job openings fell more than expected in June, although they remain elevated compared to private indicators. They also project the ISM Services Index to rise to 55.0 in July, exceeding June's reading of 54.0.
Bessent lays out case for yen intervention as risk-on mood fails to weaken dollar
A market observer argues Japan has grounds to intervene in the yen, as rising risk appetite typically pressures the dollar but US policy uncertainty and economic strength keep the greenback supported.
Pound extends gains to 212.50 vs yen on strong UK services data
The British pound rose for a second day against the Japanese yen, reaching around 212.50 after rebounding from five-month lows. Upbeat UK services data supported the move.
USD/JPY Holds Steady After Intervention, Outlook Uncertain
USD/JPY traded near 157.47 on Wednesday as the yen paused its recent strengthening. US Treasury Secretary Scott Bessent reaffirmed support for Japan's currency intervention.
XTB Uses Chile as Testing Ground Again, Launches Spot Crypto with 46 Assets
XTB launched spot cryptocurrency trading in Chile with 46 assets, its first non-European rollout, and plans to expand the product to Europe. The Warsaw-listed broker sees Chile as a test market.
USD/JPY Muted Below 160; UOB Sees Range Trading
UOB analysts note muted price action in USD/JPY, with the pair confined to 157.15–157.95 and momentum flattening. They expect intraday range trading between 157.00 and an unspecified upper bound.
Gold Climbs to Weekly Highs as Dollar Softens, Rate Hike Bets Cool
Gold prices surged to fresh weekly highs, breaking above a triangle formation, as a softer US dollar and weak US data dampened expectations for further Fed rate hikes.