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Fed's Unclear Reaction Function Clouds Dollar Outlook, Says MUFG
The Federal Reserve's rate hold and Chair Warsh's failure to justify the pause have triggered a long-end Treasury sell-off and modest dollar weakness, clouding the US currency's outlook, according to MUFG.
Strong Eurozone GDP Backs ECB September Hike, EUR/USD Consolidates
Elias Haddad of BBH notes EUR/USD is consolidating following a rally sparked by stronger-than-expected 0.4% Eurozone Q2 GDP growth, which supports the case for a European Central Bank rate hike in September.
XTB Institutional Expands Commodity Offering and Extends Friday Trading Hours
XTB Institutional will expand its commodity CFD lineup with five new instruments and extend Friday trading to 23:00 CEST/CET from July 3, 2026.
XTB Institutional Expands Commodity Offering and Extends Friday Trading Hours
XTB Institutional will add five commodity instruments and extend Friday trading hours to 23:00 CEST/CET from July 3, 2026, expanding access for broker and bank clients.
BoE expected to hold rates with 7-2 vote as inflation undershoots
The Bank of England is forecast to keep rates unchanged in a 7-2 vote. Governor Bailey is unlikely to adopt hawkish rhetoric as recent inflation data fell below forecasts.
BoE Expected to Hold Rate at 3.75% with Hawkish Dissent, Says SocGen
Societe Generale expects the Bank of England to keep its Bank Rate at 3.75% at the upcoming meeting, with some policymakers likely to dissent in favor of a hike. Easing inflation and a loosening labour market are offset by higher energy prices.
TD Securities: Post-FOMC Dollar Losses Likely Limited
TD Securities strategists expect the US Dollar's decline after the July FOMC meeting to be contained, citing a lack of hawkish signals from the Fed Chair.
Bond Vigilantes May Be the Dollar’s Best Friend After FOMC
U.S. real yields and the dollar dipped following a confusing FOMC press conference, but a sell-off in long-dated Treasuries pushed mortgage rates to new highs, potentially keeping the Fed focused on tightening.
ING Sees BoE Holding Rates Steady Despite Hawkish Market Pricing
ING analysts expect the Bank of England to leave its policy rate unchanged at the upcoming meeting, contradicting market bets on further tightening.
ATFX client trading volumes decline 29% in slow Q2 2026
ATFX posted $777B in Q2 2026 trading volume, down 29% from Q1's record $1.09T, while its active client base grew 8.22% YoY.
BoE and BoJ Decisions, Peak Earnings, Ukraine Strikes Dominate Markets
The Bank of England and Bank of Japan rate decisions are in focus, alongside a peak in earnings season, heavy Russian strikes on Ukraine near the Polish border, and anticipated bond issuance from hyperscalers to fund AI.
Fiscal concerns may weigh on sterling, says Rabobank
Rabobank's Jane Foley sees GBP/USD trading around 1.32-1.33 over the next one to three months as fiscal concerns weigh on the British pound.
Silver Falls 0.25% on Thursday, Trades at $57.79
Silver prices declined on Thursday, with XAG/USD slipping 0.25% to $57.79 per troy ounce according to FXStreet data.
BoJ Rate Guidance May Strengthen Yen Against Dollar, Says Commerzbank
Commerzbank sees the Bank of Japan holding rates steady but forward guidance could lift the yen versus the U.S. dollar.
Bank of England Vote May Trigger GBP/USD Jump
An upcoming Bank of England vote could fuel a rise in GBP/USD, as the US dollar recently saw its sharpest drop in two weeks on comments from Kevin Warsh.
Japan's PM Takaichi Pledges No Debt for Tax Cuts to Preserve Market Trust
Prime Minister Sanae Takaichi stated the government will not fund temporary tax cuts through debt issuance, aiming to sustain market confidence.
Swiss Franc Undervaluation May Support APAC Recovery Trades, Says BNY
BNY’s Geoff Yu notes that the Swiss Franc is undervalued on both nominal and real effective exchange rate measures, hovering near one-year and 15-month lows, which could support recovery trades in the Asia-Pacific region.
GBP/USD Drops to 1.3350 as Markets Await BoE Rate Decision
The pound weakened against the dollar on Thursday, retreating from a weekly high near 1.3390 as traders brace for the Bank of England's policy meeting.
Euro Trims Daily Losses After German GDP Beats Estimates
The euro pared some of its earlier declines against the U.S. dollar on Wednesday after preliminary German GDP data surprised to the upside.
EUR/USD to Stay in Data-Driven Range Through Q3, ING Says
ING analyst Chris Turner sees EUR/USD trading in a range into Q3, with modest post-FOMC gains capped by higher long-dated U.S. yields and slowing U.S. growth.
Silver Price Slips as Soaring US Yields Pressure XAG/USD
Silver gave back early gains on Thursday, turning negative as surging US Treasury yields soured sentiment. XAG/USD fell 0.7% to around $57.25 in European trade.
Squared Financial’s Offshore Operation Goes Dark, Withdrawal-Related Complaints Mount
Squared Financial's Seychelles-regulated unit has stopped onboarding new clients, with traders complaining about withdrawal delays. The move follows the CFD broker's exit from Cyprus and regulatory settlements.
RBI Likely to Hold Rates as Growth Stays Solid, Commerzbank Says
India's industrial production unexpectedly rose in June while inflation remained within the central bank's target, reinforcing expectations that the Reserve Bank of India will keep policy rates unchanged, according to Commerzbank.
Fed Holds Rates at 3.50%-3.75% for Fifth Meeting; UOB Foresees 2027 Cuts
The Federal Reserve kept its key rate unchanged at 3.50%-3.75% for a fifth straight meeting, with three dissenting votes favoring a cut. UOB analysts expect an extended pause until 2027 before policy easing begins.