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European Central Bank (ECB) Governing Council member Gediminas Šimkus commented on the inflation outlook, following the central bank’s no interest rate change decision on Thursday. Šimkus said that “inflation is expected to stay at 2% level in the medium term.” Market reaction EUR/USD was last seen

On the radarIn Poland, industrial output growth disappointed in June as industry contracted by -0.1% y/y. Producer prices declined by -1.8% y/y.Growth of wages in Poland remained strong at 9.0% y/y in June. Employment contracted by -0.8% y/y.In Slovenia, producer prices grew by 1.3% y/y in June.Unem

US Dollar gains on solid labor and retail figures, while Trump denies Powell firing rumors, calming market nerves.US jobless claims and retail sales beat forecasts, boosting the Greenback.Fed officials are cautious on cuts, citing inflation and tariff-driven uncertainty.Euro is pressured as ECB infl

Euro (EUR) consolidated overnight in absence of fresh catalyst while markets wait and see US CPI data for any tariff-related implications. EUR was last at 1.1675, OCBC's FX analysts Frances Cheung and Christopher Wong note. Risks remain skewed to the downside "Bearish momentum on daily chart intact

The Euro bounces up and trims some of the previous losses as the focus shifts to the US CPI releaseHopes of a EU-US trade deal and upbeat data from China are contributing to easing risk aversionEUR/USD is likely to find significant resistance at the 1.1700 area. The EUR/USD pair is trading higher on

EUR/JPY extends gains on Friday, rebounding from a two-day losing streak.The cross is trading around 172.40, its highest level since July 17, 2024.The technical structure remains bullish, with the RSI at 72.85 signaling overbought conditions, but no signs of a reversal. The Euro (EUR) extends its ad

Weekly market wrap – Major breakouts, Fed shifts, and what’s next This week’s market action was packed with pivotal moves across the board, and we broke them all down in our latest live webinar. The US Dollar surged toward its bullish 98.00 target, with USD/JPY breaking higher on renewed trade war h

Adjusting for seasonality and prices, spending excluding energy fell 2.2% in June compared to May, driven by declines in both retail and service spending. The drop follows a period of volatile months, largely reflecting the effect of spring holidays. After services spending rebounded in May followin

Market express exhaustion, stocks decline.Tariffs and TSLA weakness being blamed.Oil up, Gold down, Bonds down, Yields up.Earnings start next week.Try the Pasta Primavera. “A look at the chart screams overbot and the RSI (Relative Strength Index) is confirming that… The RSI closed at 75.5728 – Well

Welcome to TACO Tuesday( Or turnaround Tuesday) —but at this point, it feels like every day is a TACO. The calendar says Tuesday, but the market has long stopped waiting for a definitive outcome. What began as a snarky acronym for Trump Always Chickens Out has morphed into a standing operating assum

With the U.S. Senate passing the trillion-dollar tax cut bill by the Trump administration, capital markets have once again experienced significant volatility. This legislation has intensified pressure on the U.S. fiscal deficit and is profoundly reshaping the flow and allocation logic of global capi

The US Dollar (USD) is steady to slightly lower at the start of what may be a relatively quiet and somewhat disjointed week, given holidays in North America, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. USD steady but weak undertone persists on trade "The USD retains a we