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New York (CNN) — Anthropic just launched a new AI tool that could replace dozens of software tools. And Wall Street is panicked.
FX
US PCE inflation data confirm steady disinflation
The United States (US) Personal Consumption Expenditures (PCE) Price Index pointed to a further moderation in inflation in June. The headline index fell by 0.1% MoM after a revised 0.5% increase in May, while the annual…
British Pound: Fiscal concerns may weigh on Sterling – Rabobank
Rabobank Senior FX Strategist Jane Foley discusses GBP/USD following the latest Federal Reserve (Fed) decision and ahead of the Bank of England (BoE) meeting. She expects GBP/USD to trade around 1.32–1.33 over the next …
British Pound: Rally against EUR and USD unlikely to last – TD Securities
TD Securities FX strategist Howard Du highlights that GBP/USD initially rose 0.3% on the hawkish 6-3 BoE vote split, with Mann joining the hike camp. However, the rest of the committee appears comfortable holding rates …
British Pound: BoE hike pricing supports Sterling against US Dollar – MUFG
MUFG's Derek Halpenny notes that the British Pound (GBP) has been the strongest G10 currency after the US Dollar (USD) since the Middle East conflict began, with attention now on the Bank of England’s (BoE) July decisio…
Japanese Yen: BoJ tone could lift JPY against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur expects the Bank of Japan to keep its overnight call rate unchanged, as fully priced by markets. The focus is on guidance, with inflation around 2% and leading indicators pointing higher. A sl…
Euro steadies near weekly highs following bright Eurozone growth numbers
The Euro (EUR) is retracing previous losses against the US Dollar (USD) on Wednesday, fuelled by upbeat Eurozone Gross Domestic Product (GDP) and economic confidence data. The EUR/USD has returned to levels just above 1…
WTI Oil extends gains beyond $84.00 as US resumes strikes in Iran
Oil prices have risen about 7% over the last two days, pushing the price of the US benchmark West Texas Intermediate (WTI) barrel to levels above $84.00 on Thursday, up from the $77.16 lows seen earlier in the week. The…
US Dollar Index Price Forecast: Rebounds to near 101.00 as bullish bias prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 101.00 during the European hours on Thursday. The DX…
Australian Dollar stays on the defensive against a broadly firmer USD, ahead of US data
The AUD/USD pair struggles to capitalize on the previous day's late rebound from the 0.6920 region, or an over two-week low, and seesaws between tepid gains/minor losses through the early European session on Thursday. S…
US Dollar: Post-FOMC losses likely to remain limited – TD Securities
TD Securities strategists note that the US Dollar (USD) weakened after the July Federal Open Market Committee (FOMC) rate hold and Chair Warsh’s lack of hawkish guidance. However, they expect the post-FOMC selloff to re…
BoE interest rate expected to stay unchanged as focus shifts to policy outlook, vote split
The Bank of England (BoE) is on track to keep the benchmark Bank Rate steady at 3.75% for the fifth straight meeting on Thursday, despite the renewed surge in Oil prices in July and a leadership change in the United Kin…
Bank of England: Market pricing stays hawkish – ING
ING’s Michiel Tukker and Padhraic Garvey expect no change in the Bank of England (BoE) policy rate at the upcoming meeting, despite markets pricing in substantial tightening. They stress that United Kingdom (UK) rates a…
Breaking: US GDP expands 1.5% in Q2 vs 2.1% expected
The United States' (US) Gross Domestic Product expanded at an annual rate of 1.5% in the second quarter, the US Bureau of Economic Analysis' (BEA) first estimate showed on Thursday. This print followed the 2.1% growth r…
New Zealand Dollar gains ground above 0.5800 as Fed hold mutes US Dollar
The NZD/USD pair gathers strength to near 0.5810 during early European trading hours on Thursday, bolstered by the Reserve Bank of New Zealand (RBNZ) rate hike bets. Traders brace for the preliminary reading of the US G…
SK Hynix swings in whipsaw trade as AI spending worries persist after earnings
Shares of SK Hynix's American depositary receipts tumbled 7.94% Thursday morning, falling $14.01 to $162.44, extending one of the more volatile stretches Wall Street has seen from a newly listed stock as the South Korea…
AUD/USD Price Forecast: Struggles near 0.6950 as bears retain control below 100-EMA on H4
The AUD/USD pair turns lower following a modest Asian session uptick to the 0.6965 region on Thursday amid the emergence of some US Dollar (USD) dip-buying. Spot prices, however, hold above an over two-week low, touched…
Japan quake survivors battle thirst, heat as toll rises to 17
The death toll from the earthquake that struck south-western Japan on Tuesday has risen to 28, as rescuers raced to find survivors before the point at which hope of pulling anyone out alive begins to fade.
Indian Rupee drops amid surging US Treasury Yields
The Indian Rupee (INR) drops against the US Dollar (USD) on Thursday. The USD/INR pair edges down to near 95.60, with the Indian currency facing a tough fight against higher United States (US) Treasury Yields.
US Dollar: Real yields drive correction risk – ING
ING’s Chris Turner notes that US real yields and the US Dollar (USD) fell after a confusing FOMC press conference, as markets sensed the Federal Reserve (Fed) may avoid further tightening. He highlights upcoming United …
Australian Dollar weakens against Japanese Yen as chances of RBA rate hikes fall
The AUD/JPY cross declines to around 113.65 during the early European session on Thursday. The pair currently trades 0.65% lower on the week as the likelihood of the Reserve Bank of Australia (RBA) raising interest rate…
Equities: Fed-driven yield spike pressures equities – Deutsche Bank
Deutsche Bank notes that the Federal Reserve’s (Fed) on-hold decision and limited detail from Chair Warsh sparked a sharp steepening in the Treasury curve, pushing the 30-year yield to 5.20% and weighing on equities. Th…
EUR/JPY Price Forecast: Trades near 187.00 after pulling back from ascending channel top
EUR/JPY depreciates after two days of gains, trading around 187.20 during the Asian hours on Thursday. The currency cross is maintaining a bullish near-term bias as it holds above both the nine-day and 50-day Exponentia…
Swiss Franc erodes part of Wednesday's gains to one-week top amid reviving USD demand
The USD/CHF pair regains positive traction on Thursday, rebounding from a one-week low and stalling its retracement slide from over a one-year high – levels just above the 0.8200 mark. Spot prices climb back above mid-0…