News

S&P 500: Dovish repricing lifts breadth – Deutsche Bank

Deutsche Bank strategists Jim Reid and colleagues note that a softer US jobs report reduced expectations for further Federal Reserve tightening in 2026, with just 30 bps of hikes priced by December.

Source  Fxstreet1783066470

Italy Retail Sales n.s.a (YoY) increased to 2.2% in May from previous 1.6%

Source  Fxstreet1783065612

Italy Retail Sales s.a. (MoM) came in at 0.2%, above expectations (0.1%) in May

Source  Fxstreet1783065608
Euro advances against Canadian Dollar ahead of HCOB PMI data

EUR/CAD gains ground for the second successive day, trading around 1.6230 during the European hours on Friday. The currency cross appreciates as the Euro (EUR) rises ahead of the release of HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone later in the day.

Source  Fxstreet1783064819
Federal Reserve: Minutes watched as Fed holds – Wells Fargo

Wells Fargo Economics, led by Tom Porcelli and colleagues, expects the June FOMC minutes to clarify what might push a divided Committee toward further tightening, but still sees the Federal Reserve keeping the funds rate unchanged.

Source  Fxstreet1783064685
Japan’s Kihara: Closely monitoring market movements with high sense of urgency

Japan's Chief Cabinet Secretary Minoru Kihara reiterates, during the European session on Friday, that the administration is closely monitoring FX moves and is ready to intervene when needed. Kihara also said on Tuesday that officials are always ready to take the necessary action on forex.

Source  Fxstreet1783063470

Spain HCOB Services PMI came in at 54.2, above expectations (50.9) in June

Source  Fxstreet1783062901

Turkey Exports up to $24.94B in June from previous $22.5B

Source  Fxstreet1783062242

Turkey Consumer Price Index (MoM) in line with expectations (0.99%) in June

Source  Fxstreet1783062033

Turkey Consumer Price Index (YoY) came in at 32.11%, above forecasts (32.1%) in June

Source  Fxstreet1783062031

Spain Industrial Output Cal Adjusted (YoY): 3.4% (May) vs 2%

Source  Fxstreet1783062000
Equities: Asia tech rebound and Europe records – Deutsche Bank

Deutsche Bank’s Jim Reid and team report a rebound in Asian equities, led by a sharp rise in the KOSPI and Samsung Electronics on AI chip news, alongside gains in Chinese and Australian indices.

Source  Fxstreet1783061439

France Industrial Output (MoM) registered at -0.1% above expectations (-0.4%) in May

Source  Fxstreet1783061100
Japanese Yen steadies as intervention risks rise, Fed hike bets ease

USD/JPY holds its position after experiencing volatility, trading around 161.10 during the Asian hours on Friday. The pair may depreciate as the Japanese Yen (JPY) could strengthen on rising speculation that Japanese officials are preparing another round of currency intervention.

Source  Fxstreet1783058973

Russia S&P Global Services PMI dipped from previous 48.7 to 48.2 in June

Source  Fxstreet1783058402
Asian stock markets rebound on weak US data, lower oil prices, KOSPI surges almost 6%

Asian stock markets reflect strong demand on Friday, as traders reconsidering hawkish Federal Reserve (Fed) bets and lower oil prices due to easing geopolitical woes have lifted demand for risk-sensitive assets.

Source  Fxstreet1783057903
India's HSBC Composite PMI misses estimates in June: What 57.1 means for the Indian Rupee

The final reading of India's HSBC Composite Purchasing Managers Index (PMI) was revised down to 57.1 in June from the previous reading of 57.4, the latest data published by S&P Global and HSBC Bank showed on Friday. This figure came in worse than the estimates of 57.4.

Source  Fxstreet1783055022

India HSBC Composite PMI registered at 57.1, below expectations (57.4) in June

Source  Fxstreet1783054890

India HSBC Services PMI came in at 57.4, below expectations (58) in June

Source  Fxstreet1783054882
India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Friday, according to data compiled by FXStreet.

Source  Fxstreet1783053313
Indonesian Rupiah declines as May's trade deficit suggests economic concerns

USD/IDR gains ground after registering minor losses in the previous day, trading around 18,000 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) holds its position despite a disappointing set of domestic labor data released on Thursday.

Source  Fxstreet1783050940
China’s RatingDog Services PMI eases in June: What 54.1 means for Australian Dollar

China's Services Purchasing Managers' Index (PMI) declined to 54.1 in June from 54.4 in May, the latest data published by RatingDog showed on Wednesday.  

Source  Fxstreet1783043150

China RatingDog Services PMI fell from previous 54.4 to 54.1 in June

Source  Fxstreet1783043101
Japan's Katayama: Ready to act appropriately on currency fluctuations

Japan’s Finance Minister Satsuki Katayama said on Friday that officials are ready to act appropriately on currency fluctuations. However, Katayama decllined to comment on specific currency levels.

Source  Fxstreet1783041962

Japan Jibun Bank Services PMI came in at 52.2, above expectations (51.8) in June

Source  Fxstreet1783038601

Ireland AIB Services PMI: 54.2 (June) vs 50.8

Source  Fxstreet1783036861

Australia S&P Global Composite PMI came in at 50.4, above expectations (49.8) in June

Source  Fxstreet1783033201

Australia S&P Global Services PMI came in at 50.5, above forecasts (49.9) in June

Source  Fxstreet1783033201

New Zealand ANZ – Roy Morgan Consumer Confidence: 91.3 (June) vs 86.5

Source  Fxstreet1783031587
Chinese Yuan: Renminbi gains weaken undervaluation claims – BNY

BNY’s Geoff Yu argues that current CNY strength has strategic value as China boosts imports of semiconductors from Japan, South Korea and Taiwan. He notes that renminbi gains versus NA-3 (JPY, KRW ve TWD), USD and EUR weaken any U.S./EU case on Chinese currency undervaluation.

Source  Fxstreet1783030500
goTop
quote