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The Bank of England is expected to hold its Bank Rate steady at 3.75%, with a possible 6-3 vote split emerging as policymakers assess economic conditions and inflation forecasts. Key attention will be on the accompanying statement and the quarterly Monetary Policy Report.
Read storyJuly data reveals a rebound in euro area economic sentiment, with consumer confidence and economic confidence readings improving. However, challenges remain due to geopolitical tensions and rising energy prices.
The Eurozone's preliminary GDP data for Q2 2026 indicates a 0.4% quarter-on-quarter growth, surpassing the expected 0.2%. Year-on-year, GDP rose by 1.0%, compared to a forecast of 0.5%. This positive performance may influence the European Central Bank's monetary policy stance.
Recent state-level CPI figures from Germany show an increase in inflation rates for July, suggesting a potential rise in the national inflation figure. The data may influence the European Central Bank's monetary policy decisions in the coming months.
Despite rising inflation, Spain's economy showed stronger-than-expected performance in Q2, driven primarily by domestic demand. The annual GDP growth rate remains steady at 2.7%.
Spain's preliminary Consumer Price Index (CPI) for July shows an increase of 3.5% year-on-year, surpassing expectations and marking the sixth consecutive monthly rise. Core inflation is also projected to rise, raising concerns about potential impacts on monetary policy.
Key FX option expiries for EUR/USD and USD/JPY are set for July 30, with notable levels that may influence market dynamics. The focus remains on dollar sentiment and upcoming euro area economic data.
The Federal Reserve opted to keep interest rates unchanged, with Chair Kevin Warsh emphasizing a shift away from forward guidance. This change has contributed to increased volatility in the markets, particularly affecting Treasury yields and stock valuations.
US stock indices closed lower as investors grappled with the Federal Reserve's recent shift towards a less transparent communication approach under Chair Warsh. This change has led to increased uncertainty in the markets, contributing to a significant drop in stock prices.
Federal Reserve Chair Kevin Warsh's recent comments suggest a hands-off approach from the Fed, allowing markets to dictate financial conditions. As a result, Treasury yields are rising, the yield curve is steepening, and equity markets are experiencing downward pressure.
The USDCAD has reached a session low of 1.4079, closely approaching its 200-hour moving average at 1.40792. This technical level has been pivotal in recent trading sessions, with buyers previously stepping in to support the pair. As the market anticipates the FOMC's rate decision, the outlook remains contingent on the pair's ability to maintain its position above this moving average.
The USD remains largely unchanged against the EURUSD, USDJPY, and GBPUSD as traders await the Federal Reserve's rate decision. The AUDUSD has seen a notable decline following disappointing Australian inflation data, while geopolitical tensions in the Middle East are also influencing market sentiment.
The EUR/USD currency pair is consolidating around the key resistance level of 1.14 as traders prepare for the Federal Open Market Committee (FOMC) meeting. The US dollar has remained rangebound due to hedging activities and escalating tensions in the Middle East, particularly involving Iran. The Fed is expected to maintain its current interest rate range, with potential surprises hinging on dissenting votes from committee members.
The AUDUSD currency pair experienced a decline during the Asian-Pacific trading session, finding support at a critical technical level. The interplay between buyers and sellers at these levels suggests a cautious outlook moving forward.
The AUD/USD currency pair has shown notable volatility during the Asian-Pacific trading session, with significant movements around established technical levels. The pair tested a critical support area at 0.6961, rebounding after a brief dip, while also facing resistance near the 100- and 200-hour moving averages.
Forget oil. A surging El Niño could kill Fed rate cuts — and these stocks stand to win.. Climate disruption could prolong inflation. Look to refiners, tanker operators and agricultural stocks.
The S&P 500 eyes relief rally if the Fed avoids hawkish surprise and US-Iran ceasefire holds. FUNDAMENTAL OVERVIEW The S&P 500 has been mostly rangebound this month as the US-Iran crisis brought back inflation and growth risks. This has als
Gold Traders Watch Two Key Catalysts: The Middle East and the Federal Reserve. While renewed tensions in the Middle East continue to influence investor sentiment, gold is also facing headwinds from elevated US Treasury yields, a resilient U
Japan core inflation estimated at 2.7% in June, similar to May - BOJ data. Japan June core CPI +2.7% y/y Prior +2.7% Japan June core-core CPI +2.0% y/y Prior +2.1% Just be wary though that in the case of the BOJ data set here, the core CPI
RBA's Bullock: I don't know what board will decide at the next meeting. Not even the Governor knows what's coming next. That points to a healthy debate. More comments: If board thinks inflation is not coming down, will have some difficult d
RBA's Bullock: Key question is whether tightening already delivered enough. Key question is whether tightening already delivered is enough to slow inflation Board ready to raise cash rate further if needed Policy operates with a lag, so ful
Japan finance minister: Mon pol has moved to world of interest rates. Don't think public-private investment target of 370 trillion yen is excessive Prices have been rising in a healthy manner Can't comment on source of funding food tax cut
South Korea June consumer sentiment 106.8 vs 106.6 prior. Prior was 106.6 12-month median inflation expectations 2.7% vs 2.8% prior I guess all the South Korean traders blowing up on SK Hynix haven't hit confidence yet. That's fair enough,
