Market news
Crypto, stocks, forex and macro, aggregated for traders.
EUR/CAD edges higher as Canadian inflation accelerates to 3%
EUR/CAD traded around 1.6070 on Monday, up 0.11%, holding a positive bias even as Canadian inflation came in above expectations.
Markets Consolidate After July US CPI Comes In as Expected
The week of August 10–14 was subdued after US July CPI landed in line with or slightly below consensus, with no panic or capitulation and a slow drift higher in markets.
US stocks mixed at open: S&P 500 and Nasdaq edge up, Dow slips
Wall Street opened mixed, with modest gains for the S&P 500 and Nasdaq while the Dow Jones Industrial Average traded lower.
China fiscal support seen offsetting weak demand: Standard Chartered
Standard Chartered economists say China’s July activity data showed weaker momentum, with estimated monthly GDP growth slipping below 4.3%.
Canada Headline CPI Accelerates to 3% YoY in July
Canada's headline consumer inflation accelerated to 3% year-over-year in July, beating expectations and up from 2.8% in June.
Trump Threatens to Bomb Oman Over Strait of Hormuz Role
President Trump threatened military action against Oman if it obstructs U.S. efforts to reopen the Strait of Hormuz and end the war with Iran.
Austrian Regulator Issues First MiCA Fine to Bitpanda
Austria's FMA imposed a €70,000 penalty on crypto exchange Bitpanda, marking the first enforcement action under the EU's MiCA framework.
Fed Minutes in Focus Wednesday After Fresh Inflation Data
Wednesday's Federal Reserve policy meeting minutes are among the week's top scheduled releases, though recent inflation data may reduce how much weight markets give them.
Canada CPI accelerates to 3.0% y/y in July
Canada's headline CPI rose 3.0% year-over-year in July, above market expectations and up from 2.8% in June.
TD Securities Sees Sideways US Growth and Sticky Inflation in 2025
TD Securities economists expect US output growth to move sideways in 2025, with sticky inflation and stagflationary risks from the oil shock and Iran conflict.
Canada CPI Rises to 3.0% YoY in July, Above Forecasts
Canadian headline CPI accelerated to 3.0% year-over-year in July, exceeding market expectations and up from 2.8% in June.
GBP/USD bulls target 1.3600 as dollar weakens
GBP/USD pushed higher on Monday as fading expectations of an imminent Federal Reserve rate hike dragged the US dollar lower and lifted sterling to its strongest level since May.
payabl. Reportedly Agrees €100M+ Deal as ECM Partners Acquires 50% Stake
ECM Partners is set to acquire a 50% stake in Limassol-based payments firm payabl. for more than €100 million, with CEO Ugnė Buračienė retaining the remaining half.
US and Iran Reportedly Agree to Extend 60-Day Ceasefire
Al Arabiya reports that Washington and Tehran have agreed to prolong their 60-day ceasefire, which was scheduled to expire today, although there is no sign of an imminent broader deal.
Norwegian Krone Seen Extending Gains Versus Euro
Rabobank says the Norwegian krone is the strongest G10 currency over multiple timeframes and may extend gains against the euro, supported by oil prices, above-target inflation and a hawkish Norges Bank.
China's growth imbalance worsens as July domestic activity slows
China's July data disappointed across the board, with domestic activity falling short of forecasts and the statistics bureau citing weather effects amid broader softness since Q2.
Weak Japan GDP Raises Questions Over BoJ Path, SocGen Says
Societe Generale economists say Japan's second-quarter GDP came in below expectations, with soft consumption and capital expenditure clouding the Bank of Japan's policy outlook.
EUR/JPY Extends Gains as Bulls Target 185.00 Resistance
The euro rose against the yen for a third consecutive day on Monday, supported by yen weakness after downbeat Japanese GDP data. Bulls are eyeing the 185.00 resistance area.
Fed Expected to Keep Rates Unchanged This Year: Reuters Poll
A large majority of economists expect the Federal Reserve to hold interest rates steady in September and through the rest of the year, according to a Reuters poll.
Japanese Yen Intervention Risk Near 160 Highlighted by DBS
DBS Group Research's Philip Wee says markets remain focused on Japan's struggle to support the yen, with intervention risk highlighted near 160.
Gold holds near $4,400 as fading Fed rate hike bets weigh on dollar
Gold is holding modest gains near $4,400 while the US dollar remains under pressure as expectations fade that the Federal Reserve will raise rates in September.
USD/CAD Slips as Canadian Dollar Gains Ahead of Inflation Test
USD/CAD traded around 1.3860 on Monday, down 0.11%, as reduced Fed tightening expectations weighed on the US dollar against the Canadian dollar.
China July activity data undershoots expectations: Commerzbank
Commerzbank’s Henry Hao says China’s July industrial output, retail sales and fixed-asset investment all missed forecasts amid weather disruptions and property weakness.
Copper Nears Record High as London Supply Squeeze Tightens
Copper prices are climbing toward record territory as tightening London availability fuels a sharp rally, with spot supply commanding a premium.