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EUR/USD squares up against near-term test again after Waller comments
EUR/USD squares up against near-term test again after Waller comments
The dollar is a little more on the backfoot in trading today
What are the main events for today?
What are the main events for today?
The University of Michigan Consumer Sentiment report is the only highlight
market overview
Citi also pulls call on the BOE cutting the bank rate in September
Citi also pulls call on the BOE cutting the bank rate in September
Citi takes on a similar view as Goldman Sachs with their latest forecast change
Germany June PPI +0.1% vs 0.0% m/m expected
Germany June PPI +0.1% vs 0.0% m/m expected
Latest data released by Destatis - 18 July 2025
Goldman Sachs pulls call on the BOE cutting the bank rate in September
Goldman Sachs pulls call on the BOE cutting the bank rate in September
The firm previously expected the BOE to cut by another 25 bps at the end of this quarter
US House passes Trump-backed bill of $9 billion in spending cuts
US House passes Trump-backed bill of $9 billion in spending cuts
This comes after the Senate approval yesterday
Politics
ForexLive Asia-Pacific FX news wrap: Fed's Waller laid out his case for 25bp FOMC rate cut
ForexLive Asia-Pacific FX news wrap: Fed's Waller laid out his case for 25bp FOMC rate cut
Forex news for Asian trading on Thursday, July 17, 2025
Session wrap
Wrap Asia
China's Commerce Minister: China-US economic and trade relations have gone through storms
China's Commerce Minister: China-US economic and trade relations have gone through storms
Geneva agreement, London framework effectively stabilised commercial ties, cooled down tensions
China threatens to block Panama Canal ports deal - want part ownership
China threatens to block Panama Canal ports deal - want part ownership
China presses for Cosco stake in $23 billion global port sale
China Stock Market
China
China’s Minister of Commerce says 2025 retail sales expected to exceed 50 trillion yuan
China’s Minister of Commerce says 2025 retail sales expected to exceed 50 trillion yuan
China’s consumer market remains the second largest globally
CNY
China Stock Market
China
CNH
Trump / Epstein cabal questions intensifying, Trump orders testimony release
Trump / Epstein cabal questions intensifying, Trump orders testimony release
Trump has requested Attorney General Pam Bondi to produce any and all pertinent Grand Jury testimony
Politics
Japan heads to the polls this weekend with markets watching fiscal signals
Japan heads to the polls this weekend with markets watching fiscal signals
JGBs and yen brace for political and policy implications
Bonds
JPY
US initial jobless claims 221K vs 235K expected
US initial jobless claims 221K vs 235K expected
The weekly initial and continuing claims data
US June import prices +0.1% vs +0.3% m/m expected
US June import prices +0.1% vs +0.3% m/m expected
Latest data released by the BLS - 17 July 2025
ForexLive European FX news wrap: Dollar shrugs off Trump-Powell drama to move higher
ForexLive European FX news wrap: Dollar shrugs off Trump-Powell drama to move higher
Forex news from the European morning session on Jul 17, 2025
Session wrap
Wrap Europe
How have interest rates expectations changed after the US inflation data?
How have interest rates expectations changed after the US inflation data?
Slight changes in market pricing as things stay mostly the same
market overview
Citi now sees the ECB cutting policy rates in September and December next
Citi now sees the ECB cutting policy rates in September and December next
The firm previously called had a rate cut for July penciled in
Eurozone June final CPI +2.0% vs +2.0% y/y prelim
Eurozone June final CPI +2.0% vs +2.0% y/y prelim
Latest data released by Eurostat - 17 July 2025
Trump's threat of firing Fed Chair Powell is just noise
Trump's threat of firing Fed Chair Powell is just noise
This is one of those "news" that continues to attract attention but it has almost zero chance of happening
market overview
European equities look to salvage the week with a stronger rebound today
European equities look to salvage the week with a stronger rebound today
It is in part a catch up to the recovery in Wall Street yesterday too
China says problem with fentanyl issue lies with the US itself
China says problem with fentanyl issue lies with the US itself
Beijing pushes back on Trump's comments about the fentanyl issue
Politics
What are the main events for today?
What are the main events for today?
The US Jobless Claims and Retail Sales figures are the main highlights
market overview
Eurostoxx futures +0.8% in early European trading
Eurostoxx futures +0.8% in early European trading
A catch up after the rebound in Wall Street yesterday
Japan trade negotiator Akazawa will be in Osaka to host US delegation this weekend
Japan trade negotiator Akazawa will be in Osaka to host US delegation this weekend
Akazawa will be meeting with Bessent in Tokyo tomorrow before heading over to Osaka
Politics
UK May ILO unemployment rate 4.7% vs 4.6% expected
UK May ILO unemployment rate 4.7% vs 4.6% expected
Latest data released by ONS - 17 July 2025
There's never a dull day with Trump in charge
There's never a dull day with Trump in charge
Trump stirred up markets overnight with chatter about firing Fed chair Powell
market overview
ForexLive Asia-Pacific FX news wrap: Yen very weak, AUd slides on poor jobs report
ForexLive Asia-Pacific FX news wrap: Yen very weak, AUd slides on poor jobs report
Forex news for Asian trading on Thursday, July 17, 2025
Session wrap
Wrap Asia