The USD/CAD pair recovers some lost ground to around 1.4045, snapping the seven-day losing streak during the early European session on Thursday. Markets turn cautious amid heightened tensions in the Middle East and ahead of the US June Retail Sales data later on Thursday. 

Here is what you need to know on Thursday, July 16:

TradingKey - 일본과 한국 증시가 급락하며 이전의 상승분을 반납했다. 코스피 지수가 6% 이상 폭락하고 닛케이 225 지수가 2% 이상 하락한 가운데, 키옥시아는 15% 폭락했고 SK하이닉스는 11% 밀렸다. 삼성전자와 소프트뱅크도 동반 하락세를 보였다.7월 16일 아시아 거래 시간 동안 일본과 한국 증시 모두 급락세를 보였다. 특히 코스피(KOS

The New Zealand Dollar (NZD) has retraced previous losses and extends gains for the third consecutive day against the US Dollar (USD) on Thursday. The NZD/USD pair has reached the 0.5850 area, supported by a weakening Greenback, as markets dial down hopes of a Federal Reserve rate hike in July.

Commerzbank’s economists highlight India’s new USD13.3bn India Semiconductor Mission 2.0, aimed at building a full-stack semiconductor ecosystem, though they judge near-term growth impact as limited.

ING analysts Warren Patterson and Ewa Manthey note Oil prices have extended gains as US–Iran tensions escalate and tanker flows through the Strait of Hormuz remain under pressure. Large second-quarter inventory drawdowns and the imminent end of global SPR releases leave the market more exposed.

TradingKey - 동부 시간 기준 7월 16일, TSMC( TSM)는 2026년 2분기 실적을 발표했다. 이 회사의 분기 매출은 1조 2,700억 대만달러(NT$)로 전년 동기 대비 36.0%, 전분기 대비 12.0% 증가했다. 달러화 기준 매출은 402억 달러로 전년 동기 대비 33.7% 늘어나며, 기존 가이드라인 범위인 390억~402억 달러의 상

Silver price (XAG/USD) trades 1.33% lower to near $58.00 during the European trading session on Thursday. The white metal faces selling pressure as elevated energy prices due to renewed aggression between the United States (US) and Iran have de-anchored inflation expectations again.

The British Pound (GBP) remains almost muted against its major currency peers after the release of the monthly United Kingdom (UK) Gross Domestic Product (GDP) data for May.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken above prior resistance, with rapid gains seen up to 1.1482. Intraday, the pair is seen capable of testing 1.1490 while staying below significant resistance at 1.1520.

The US Dollar (USD) holds marginal losses against the Japanese Yen (JPY) at Thursday’s European session opening, and approaches the 162.00 area at the time of writing. Recent price action shows a sequence of lower highs and higher lows, forming a triangle pattern.

The EUR/GBP cross holds positive ground near 0.8475 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the Euro (EUR) following the UK economic data. 

United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B

United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)

The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.

United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B

United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May

United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)

United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)

United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May

United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)

United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May

The Indian Rupee (INR) opens lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows.

The GBP/USD pair trades with mild losses around 1.3535 during the early European trading hours on Thursday.

Asian stocks face downward pressure on Thursday, delivering mixed results as a renewed sell-off in semiconductor shares dragged down the tech sector. The retreat stems from persistent investor skepticism over whether the artificial intelligence rally can sustain its current valuations.

Pi Network (PI) price continues to maintain a consolidative tone on Thursday, halting the prevailing declining trend near a descending support trendline around $0.0730. The announcement of the upcoming mainnet upgrade to the Stellar Protocol version 25 helps limit the selling pressure.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – ticks lower during the Asian session on Thursday, though it lacks bearish conviction and remains close to an over one-month high touched earlier this week.