News

United States NFIB Business Optimism Index came in at 97.4, above forecasts (95.8) in June

Source  Fxstreet1784023203
US Dollar: Tailwinds build as oil and Fed reprice – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note the US Dollar (USD) has strengthened broadly on higher Oil prices, hawkish Federal Reserve (Fed) rhetoric and softer risk sentiment.

Source  Fxstreet1784022831
Fed: Guidance, reaction function and rates – BNY

BNY Markets strategists John Velis and David Tam discuss new Federal Reserve (Fed) task forces and focus on the Communications group led by Mervyn King, Arminio Fraga and Peter Fisher.

Source  Fxstreet1784021625
BoE’s Bailey: Resumption of hostilities in Gulf underlines instability going forward

Bank of England (BoE) Governor Andrew Bailey said on Tuesday that the “resumption of hostilities in the Gulf underlines instability going forward.”

Source  Fxstreet1784019665
US Dollar Index: DXY could reach 102 as Gulf tensions persist - ING

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that higher Crude and Gulf tensions are not yet fully priced, leaving short-term upside risks for the US Dollar (USD).

Source  Fxstreet1784019072
Euro declines against Canadian Dollar as oil prices rise

EUR/CAD extends its losing streak for the third consecutive day, trading around 1.6070 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains ground on higher oil prices.

Source  Fxstreet1784018978

Spain 9-Month Letras Auction rose from previous 2.518% to 2.623%

Source  Fxstreet1784018496

Spain 3-Month Letras Auction rose from previous 2.239% to 2.366%

Source  Fxstreet1784018488
Swiss Franc: Weakens as Euro tests triangle resistance – Societe Generale

Societe Generale technical analysts note that EUR/CHF has moved above its 200-DMA and is challenging resistance defined by the March and April highs.

Source  Fxstreet1784016351
WTI rises above $80.00 as US launches strikes, Iran disrupts shipping

West Texas Intermediate (WTI) oil price continues to gain ground, trading around $80.20 per barrel during the European hours on Tuesday. Crude oil prices rise due to rising supply concerns, which could be attributed to the escalating United States (US)-Iran tensions.

Source  Fxstreet1784014708
Forex Today: Eyes on US inflation data and Fed Chair Warsh testimony as Oil prices surge

Here is what you need to know on Tuesday, July 14:

Source  Fxstreet1784014049
Japanese Yen: Asset flows and valuation support – DBS

DBS Group Research economist Chang Wei Liang analyses long-term Japanese Yen valuation using DBS’s DEER framework, highlighting that JPY remains significantly undervalued near historically weak levels.

Source  Fxstreet1784011916

India WPI Inflation increased to 9.87% in June from previous 9.68%

Source  Fxstreet1784010693

Switzerland Producer and Import Prices (YoY) fell from previous -1.8% to -2.1% in June

Source  Fxstreet1784010601
Indonesian Rupiah gains as S&P’s stable ‘BBB’ rating boosts investor confidence

USD/IDR depreciates after registering gains in the previous day, trading around 18,140 during the Asian hours on Tuesday. The Indonesian Rupiah (IDR) stabilizes against the US Dollar (USD), buoyed by a rally in domestic equities.

Source  Fxstreet1784008033

Japan Capacity Utilization rose from previous -0.8% to 0.1% in May

Source  Fxstreet1784003444

Japan Industrial Production (YoY) declined to -2.1% in May from previous -1.7%

Source  Fxstreet1784003444

Japan Industrial Production (MoM) below forecasts (0.5%) in May: Actual (0.1%)

Source  Fxstreet1784003433
China’s June Trade Balance: Surplus widens sharply amid strong exports

China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrived at CNY859.05 billion, widen from the previous figure of CNY723.98 billion.Exports surge 20.8% year-over-year (YoY) in June from a 13.8% increase seen in May.

Source  Fxstreet1783998478

China Trade Balance CNY climbed from previous 723.98B to 859.05B in June

Source  Fxstreet1783998061

China Trade Balance USD above forecasts ($121B) in June: Actual ($125.62B)

Source  Fxstreet1783998057

China Exports (YoY) CNY increased to 20.8% in June from previous 13.8%

Source  Fxstreet1783998043

China Imports (YoY) came in at 36%, above expectations (24%) in June

Source  Fxstreet1783998025

China Exports (YoY) above expectations (18.2%) in June: Actual (27%)

Source  Fxstreet1783998016
US CENTCOM says US forces complete new strikes on Iranian military targets

The United States Central Command (CENTCOM) said on Tuesday that US forces complete new strikes on Iranian military targets, adding that more than 50,000 US service members are currently deployed across the Middle East, Reuters reported.

Source  Fxstreet1783996252
Japan’s Katayama: Sharp shift in asset management environment could prompt review of GPIF portfolio

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the government may consider a pension asset allocation tweak if the environment changes.

Source  Fxstreet1783993435

Australia National Australia Bank's Business Conditions remains unchanged at 3 in June

Source  Fxstreet1783992601

Australia National Australia Bank's Business Confidence up to -5 in June from previous -14

Source  Fxstreet1783992600

Australia Westpac Consumer Confidence rose from previous -2.9% to 83.9% in July

Source  Fxstreet1783989351

Singapore Gross Domestic Product (QoQ) in line with expectations (1.1%) in 2Q

Source  Fxstreet1783987554
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