West Texas Intermediate (WTI) Oil spent Thursday's European morning grinding down to 78.37 before ripping nearly two dollars to 80.29 when the Houthis threatened to target all Saudi Oil sites and key facilities should S…
The CEO of fintech Klarna said the rise of agentic shopping wonât destroy brand loyalty, an outcome feared by e-commerce players who worry that it will be harder to woo bots than the humans whose errands they are runn…
Societe Generale highlights that USD/BRL has retreated to 5.07 after threatening 5.20 earlier in July, with the Brazilian Real (BRL) retaining a firm tone following soft United States (US) Producer Price Index (PPI) and…
The Canadian Dollar (CAD) has entered a consolidation phase against the US Dollar (USD) following a volatile week. While a soft US inflation report initially put the Greenback on the back foot, the Bank of Canada's (BoC…
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that United Kingdom (UK) May Gross Domestic Product (GDP) slightly beat expectations, driven by services, but underlying details disappointed as production and con…
Rabobank’s Bas van Geffen expects the ECB to keep the deposit rate at 2.25% in July, judging a hike as a tail risk that would require a much stronger energy shock. The re-escalation of the Iran war shifts risks toward h…
ING’s Warren Patterson and Ewa Manthey highlight that investment funds have sharply increased net long positions in TTF natural gas, driven by fresh longs. LNG and European gas markets are seen as vulnerable with height…
Gold price (XAU/USD) is down 0.7% to near $4,030 during the European trading session on Thursday. The precious metal faces selling pressures as global inflation concerns remain intact amid elevated energy prices in the …
The Australian Dollar (AUD) trades practically flat against a weaker US Dollar (USD) on Thursday as investors pare back bets of immediate Fed tightening, following unexpectedly soft US inflation figures earlier in the w…
According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 208K for the week ending July 11. The latest p…
GBP/JPY trades with a mild negative bias on Thursday, taking a breather after climbing to its highest level since December 2007 the previous day, as the British Pound benefited from easing political uncertainty and expe…
The British Pound (GBP) has staged a broad-based rally across major currency pairs, hitting multi-month highs against both the US Dollar (USD) and the Euro (EUR). This surge is powered by a mix of diminishing domestic p…
The Indian Rupee (INR) trades 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…
Home to leading manufacturers, robotics pioneers, infrastructure builders and iconic gaming companies, of course, Japan is one of the world’s centers of AI — building across the full stack with NVIDIA technologies. This…
Lee Hardman at MUFG highlights that the British Pound (GBP) has strengthened sharply, helped by reports that Shabana Mahmood is set to become the next UK chancellor, reinforcing expectations of “sound public finances” u…
TD Securities notes the Bank of Canada (BoC) kept its policy rate at 2.25% and softened guidance by removing references to both rate-cut risks and consecutive hikes. Markets interpreted the statement as mildly dovish, b…
The US Dollar (USD) remains under pressure as traders have repriced the Federal Reserve’s (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six m…
Retail Sales in the United States (US) rose by 0.2% on a monthly basis in June to $768.6 billion, the US Census Bureau reported on Thursday. This print followed the 1% increase recorded in May and came in line with the …
BMW is preparing workforce discussions and accelerating efficiency measures after lowering its profit outlook, with around 7,700 positions expected to be affected through natural attrition by the end of the year.
Citing four Iraqi oil and security sources, Reuters reported on Thursday that a drone crashed into an oil tanker in Iraq's Basra terminal, although no damage or fire was caused.
EUR/GBP trades around 0.8485 on Thursday, up 0.24% at the time of writing, as investors digest a mixed batch of UK economic data and continued hawkish comments from European Central Bank (ECB) policymakers.
Commerzbank’s Michael Pfister argues that recent Canadian labour data and the Bank of Canada’s latest decision suggest domestic monetary policy is unlikely to reverse the downtrend in USD/CAD. Markets have largely price…
The Bank of Japan (BoJ) quarterly survey in June showed on Thursday that 90.4% of Japanese households expect prices to rise a year from now, compared with 83.7% in the previous survey.
The GBP/JPY cross enters a bullish consolidation phase following the previous day's blowout rally and oscillates in a range near mid-219.00s through the early European session on Thursday. Meanwhile, the constructive fu…
