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.

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.

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

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.

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

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

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.

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

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

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

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.

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

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

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

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

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

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.

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

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

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

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties following a sharp escalation of geopolitical hostilities in the Middle East.

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

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

Singapore Gross Domestic Product (YoY) registered at 5.7% above expectations (5.5%) in 2Q

Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term. 

Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence.

OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for the Malaysian Ringgit (MYR).

OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for the Malaysian Ringgit (MYR).

New Zealand NZIER Business Confidence (QoQ): 8% (2Q) vs -4%

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the next 1–3 weeks, they expect range trading between 6.7700 and 6.8100.