Market news
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Risk-on rally loses steam as equities correct and dollar eyes rebound
Early signs of a market turn are emerging, with equities correcting and the US Dollar potentially rebounding from the 99.40 support zone.
UK Jobs Data Gives BoE Little Reason to Hike as Sterling Lags
Soft UK labour market figures suggest the Bank of England is unlikely to raise rates soon, keeping the pound under pressure.
AUD/USD Holds Breakout Near 0.7100
AUD/USD is nearly flat around 0.7100 in European trade, staying close to a more than two-month high of 0.7130.
NAGA Group: Lessons from a Nine-Year Struggle for Profitability
NAGA Group swung to a €0.9M H1 net profit after a €2.6M loss a year earlier, as marketing spend fell 25% and CLV/CAC hit 2.5x. Revenue dropped 12% to €27.7M amid a high-value client pivot.
Dollar Index Extends Rebound Above 99.50 After Two-Month Low
The US Dollar Index built on an overnight bounce from the 99.30 area, its lowest since June 5, and traded above 99.50.
GBP/JPY Steadies Below 216.35 Resistance as Pound Extends Gains
The British pound edged higher against the Japanese yen for a third straight session, holding below the 216.35 resistance area despite mixed UK labor market data.
AUD/USD upside risk targets 0.7150 after jump: UOB
UOB sees AUD/USD strength intact after a move to 0.7129, with upside risk toward 0.7150 though overbought conditions may limit intraday gains.
Euro Holds Gains Against Pound as UK Jobs Data Disappoints
EUR/GBP traded with a modest bid near 0.8550 in early European hours after UK employment data weighed on the British pound.
British Pound Dips to Fresh Lows Near 1.3520 After Mixed UK Employment Data
GBP/USD extends its decline toward the 1.3520 area after UK employment data fails to lift sentiment in a risk-off market.
RBI recalibrates rupee inflow strategy as liquidity rises, Commerzbank says
Commerzbank analysts say the Reserve Bank of India's early closure of the FCNR(B) swap window follows strong FX inflows and rising liquidity.
Sterling Slides Against Yen After UK Labour Market Data
GBP/JPY came under pressure after the UK released jobs figures for the three months to June, sending the pound lower against the yen.
Euro Needs Confirmation Above 1.1615 Against Dollar, UOB Says
EUR/USD briefly cleared major resistance around 1.1610-1.1614 but faded, keeping the near-term consolidation intact, according to UOB.
Swiss Franc slips as US Dollar rebounds before FOMC minutes
The Swiss franc traded marginally lower against a rebounding US dollar in early European trading on Tuesday, with USD/CHF edging higher as markets looked ahead to FOMC minutes.
USD/INR Pulls Back as Possible RBI Intervention Supports Rupee
USD/INR eased toward 95.67 after touching a three-week high at 95.85, with the rupee supported by the potential for Reserve Bank of India intervention.
Euro slips below 1.1600 as US-Iran worries weigh on EUR/USD
EUR/USD drops to around 1.1575 in early European trading, snapping a three-day winning streak as US-Iran tensions sap demand for the euro.
AUD/USD Turns Lower Near 0.7100 as Dollar Recovers
AUD/USD faded an early Asian-session uptick on Tuesday and is back near 0.7100 as the US dollar recovers from a two-month low.
EUR/JPY pushes toward 185.00 after clearing 50-day EMA
EUR/JPY extends its winning streak to a fourth day, trading around 184.80 in Asian hours after breaking above its 50-day EMA.
AUD/JPY Strengthens Toward 113.50; Near-Term Outlook Constructive
AUD/JPY trades near 113.40 in early European trading on Tuesday, with the Japanese yen weakening against the Australian dollar.
UKMTO Reports Incident in Strait of Hormuz
UK Maritime Trade Operations said it received a report of an incident in the Strait of Hormuz, according to Reuters.
Yen Holds Near Two-Week Low vs Dollar Despite BoJ Rate-Hike Bets
USD/JPY traded around 159.50 in Asian hours Tuesday, keeping the yen near its weakest level in two weeks as market participants remained confident about a Bank of Japan September hike.
Dollar Index Steadies Near 99.60 on Safe-Haven Demand
The US Dollar Index is edging higher around 99.60 in Asian trading, supported by safe-haven demand after three sessions of declines.
NZD/USD slips below 0.5900 as weak China data weighs
NZD/USD traded near 0.5895 in Asian hours Tuesday after Chinese retail sales and industrial production missed expectations.
Canadian Dollar Holds Near Early June High as Oil Prices Offset Modest USD Strength
USD/CAD consolidates in Asian trading after bouncing from its 200-day SMA near 1.3845, the lowest level since June 3, as oil gains support the Canadian dollar.
Pound Strengthens Toward 1.3550 as Fed Rate-Hike Bets Fade
GBP/USD climbed near 1.3550 in early Asian trading as cooler US inflation data reduced expectations for Federal Reserve tightening, with UK jobs data in focus.