News

WTI holds gains near $71.50 after cargo vessel hits near Oman

West Texas Intermediate (WTI) gains ground for the second successive day, trading around $71.50 per barrel during the Asian hours on Friday.

Source  Fxstreet1782435397

Australia National Australia Bank's Business Confidence (QoQ) dipped from previous -4 to -19 in 2Q

Source  Fxstreet1782430603

Japan Tokyo CPI ex Food, Energy (YoY) up to 1.9% in June from previous 1.6%

Source  Fxstreet1782430331
Japan’s Tokyo CPI inflation rises in June: What 1.7% means for Japanese Yen

The headline Tokyo Consumer Price Index (CPI) for June rose 1.7% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.

Source  Fxstreet1782430249

Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June

Source  Fxstreet1782430204

Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%

Source  Fxstreet1782430203
Fed’s Williams: “Imperative” to return inflation to 2% target

Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take longer to return to the Fed’s 2% target than previously expected.

Source  Fxstreet1782418726
Chinese Yuan: Weakness extends after breakout against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH spike to 6.8195, now seen consolidating between 6.8030 and 6.8185 on an intraday basis after an overdone rise.

Source  Fxstreet1782416700
Fed’s Goolsbee: “Inflation side of mandate is clearly the problem”

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Thursday that inflation remains the central challenge for policymakers, warning that price pressure is still moving in the wrong direction despite some signs of improvement in services.

Source  Fxstreet1782415687
Banxico leaves interest rates unchanged at 6.50% as expected

The Bank of Mexico held its main reference rate unchanged at 6.50% as expected, unanimously, yet kept the balance of risks of inflation tilted to the upside…

Source  Fxstreet1782414144

Mexico Banxico Interest Rate Decision in line with forecasts (6.5%)

Source  Fxstreet1782414002
Thailand: BoT steady stance backs fragile growth – DBS

DBS Group Research economist Chua Han Teng expects the Bank of Thailand (BoT) to keep its policy rate unchanged at 1.00% through 2026, after a second consecutive on-hold decision.

Source  Fxstreet1782411780
Singapore Dollar: Weakens against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on USD/SGD after the pair briefly touched 1.2991 before closing near 1.2980.

Source  Fxstreet1782407460

United States 7-Year Note Auction down to 4.26% from previous 4.29%

Source  Fxstreet1782407039

United States 4-Week Bill Auction rose from previous 3.58% to 3.61%

Source  Fxstreet1782401693
Thai Baht: Long policy hold supports fragile recovery – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Bank of Thailand (BoT) kept its policy rate at 1.00% and is expected to hold this level through 2027.

Source  Fxstreet1782401379
Equities: Micron earnings lift Korean equities – MUFG

MUFG highlights that strong earnings guidance from Micron Technology, a key AI memory supplier, has boosted sentiment in AI and tech stocks.

Source  Fxstreet1782400368

United States Kansas Fed Manufacturing Activity climbed from previous 9 to 19 in June

Source  Fxstreet1782399736
US May PCE Rises to 4.1% YoY, Hitting New High Since March 2023. Fed Rate Hike Expectations for the Year Heat Up

TradingKey - On Thursday Eastern Time, May inflation data released by the U.S. Bureau of Economic Analysis (BEA) showed that the year-over-year PCE price index was 4.1% in May, in line with market exp

Source  Tradingkey1782398761

United States EIA Natural Gas Storage Change registered at 76B above expectations (67B) in June 19

Source  Fxstreet1782397802
United States: Long-run growth and China challenge – Commerzbank

Commerzbank’s Bernd Weidensteiner and Christoph Balz describe the United States as a long‑term growth success, driven by population gains, immigration and productivity, but now facing a serious challenge from China.

Source  Fxstreet1782397311

Russia Central Bank Reserves $: $743.8B vs $729.3B

Source  Fxstreet1782392480
US Dollar: Long-run erosion and debt risks – Commerzbank

Commerzbank economists Bernd Weidensteiner and Christoph Balz review 250 years of US economic history, highlighting how persistent inflation has eroded the value of the Dollar and how federal debt has surged back to World War II highs.

Source  Fxstreet1782391389
United States Q1 GDP Growth Rate came in at 2.1%

According to the Commerce Department’s Bureau of Economic Analysis (BEA), the final GDP Growth Rate showed the economy expanded by 2.1% in the January-March period. The readings show a marked increase from the prior quarter’s 0.5% expansion.

Source  Fxstreet1782391366
United States Durable Goods Orders decline 4.5% in May as expected

Durable Goods Orders in the United States (US) declined by 4.5%, or $15.6 billion, in May to $332.1 billion, the US Census Bureau reported on Thursday. This reading followed the 8.5% increase recorded in April and came in line with the market expectation.

Source  Fxstreet1782391180

United States Gross Domestic Product Price Index above expectations (3.5%) in 1Q: Actual (3.6%)

Source  Fxstreet1782390886
United States Initial Jobless Claims dropped to 215K last week

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 215K for the week ending June 20.

Source  Fxstreet1782390843

United States Continuing Jobless Claims came in at 1.821M, above expectations (1.8M) in June 12

Source  Fxstreet1782390658

United States Personal Consumption Expenditures - Price Index (YoY) in line with forecasts (4.1%) in May

Source  Fxstreet1782390619

United States Personal Spending above forecasts (0.6%) in May: Actual (0.7%)

Source  Fxstreet1782390619
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