Market news
Crypto, stocks, forex and macro, aggregated for traders.
MPC Minutes Key for Forint Support Against Euro, Says Commerzbank
Commerzbank’s Tatha Ghose notes that the Hungarian forint has erased recent gains as external shocks and the MNB’s easing cycle weigh on the currency. Traders now look to the upcoming MPC minutes for potential support.
New Zealand Dollar Slides as Weak Jobs Data Rattle Rate Outlook
NZD/USD dropped 0.54% to around 0.5860 after softer-than-expected employment figures, prompting traders to reassess RBNZ policy expectations.
Joint US-Japan FX Intervention Caps Euro Gains; Hormuz Reopening Eyed
The New York Fed reportedly sold euros instead of dollars to fund yen purchases, limiting the common currency's upside. A potential Strait of Hormuz reopening could add further headwinds.
GBP/USD Rally a By-Product of Weaker Dollar as Burnham Questions Persist
Last week’s GBP/USD gains were fueled by broad dollar softness, not sterling strength, while the pound slipped against the euro. Questions over Burnham funding remain unresolved.
Nordea: Danish Krone Weakness vs Euro Is Structural
Nationalbanken did not intervene in July to support the krone, following a small purchase in the prior month, according to Nordea’s Jan Størup Nielsen.
VT Markets Joins Broker Rush Into 24/7 Gold CFDs
VT Markets introduced XAUUSD247, a round-the-clock gold CFD with one-ounce contracts and leverage up to 100:1, joining rivals offering weekend gold trading.
Capital.com Hires a Government Relations Specialist as Chief Strategy Officer
Capital.com has appointed Mamoon Sbeith, a former World Bank official and APCO MENA chairman, as chief strategy officer to support Middle East expansion.
CFD Brokers Add Faster Withdrawals, but "Instant" Means Different Things
Fusion Markets, Trade Nation, DuraMarkets and Mitrade added faster withdrawal services since June, but definitions of instant vary by processing stage and payment rail.
US Dollar Index Faces Negative Bias Amid Policy Headwinds
The US Dollar Index struggles to hold above 100 as European currencies better reflect dollar weakness, according to DBS strategist Philip Wee.
Japan’s Finance Minister Says Tax Cuts Will Cool Inflation
Japan's Finance Minister Satsuki Katayama said on Wednesday that the government's tax policy would help ease elevated inflation.
AUD/USD steady near 0.7050 as traders await US ADP jobs data
The Australian Dollar held flat against the US Dollar around 0.7050 in European trade, with investors looking ahead to the US ADP employment report for July.
BNY Says Coordinated Intervention Did Little to Lift Yen Exposure
BNY's Geoff Yu notes that joint FX intervention has not significantly increased foreign investors' exposure to the Japanese yen, with net long positions well below first-half levels.
Euro Holds Gains After Upward Revision to Eurozone Services PMI
EUR/USD trades near 1.1530, just off seven-week highs, following an improved reading in the bloc's services activity gauge.
Capital.com appoints Mamoon Sbeih as Chief Strategy Officer
Capital.com has appointed Mamoon Sbeih as chief strategy officer, tasking him with corporate strategy, government relations and communications as the broker enters new markets.
USD/CAD Gains for Fourth Day as Oil Slide Weighs on Loonie
The US dollar extended its advance against the Canadian dollar on Wednesday, pushing toward weekly highs as falling crude prices dampened demand for the commodity-linked loonie.
Rabobank: Disinflation, Fiscal Risks Drive Weaker BRL Outlook
Rabobank notes the Brazilian Real recently strengthened to 5.0587 per dollar, but disinflation and fiscal concerns point to a weaker trajectory ahead.
Silver Surges to One-Month High, Targets $62.00 on Breakout
XAG/USD extends its rally for a second day, reaching the highest level since July 7 and setting sights on the $62.00 mark following a technical breakout.
TD Securities: Dollar's Post-FOMC Dip a Blip, Q3 Uptrend Intact
TD Securities’ macro team views the recent US dollar weakness after the July FOMC meeting as a temporary pullback, reaffirming the Q3 2026 uptrend.
Experts Say US-Japan Yen Intervention Short-Lived; GBP/JPY Recovers
Analysts say coordinated US-Japan action to prop up the yen will likely be fleeting, while the pound rebounds against the yen to trade near 212.25.
GBP/USD Consolidates Near 1.3450, Upside Scope Limited – UOB
Sterling traded quietly after failing to hold above 1.35, with UOB analysts seeing consolidation in a 1.3425–1.3470 range and limited near-term upside against the dollar.
Euro Steady vs Pound Ahead of Eurozone, UK Services PMI Data
EUR/GBP trades near 0.8573, holding earlier gains as markets brace for Services PMI releases from the Eurozone and UK.
Joint Intervention Unlikely to Secure Lasting Yen Gains: Commerzbank
Commerzbank analyst Thu Lan Nguyen argues that the recent historic USD/JPY intervention, backed by the US Treasury, may not lead to sustained strengthening of the Japanese yen.
NAGA Books First Profitable Half, but Q2 Couldn't Match Q1's Pace
NAGA Group reported a €0.9 million H1 net profit versus a €2.6 million loss a year earlier, though Q2 revenue and profit edged below Q1. The broker kept full-year guidance unchanged.
IC joins Bahamas Institute of FX & CFD Issuers (BIFCI)
IC Markets has become the latest member of BIFCI, the Bahamas-based industry group launched earlier this year by Pepperstone, Capital.com and Trade Nation.