EURUSD
- EUR/USD Price: EUR/USD is holding steady around the 1.1505 level during Tuesday's European session.
- Eurozone inflation: Eurozone annual inflation increased to 2.9% in July from 2.8% in June, matching market expectations. The persistent inflationary pressure strengthens the case for additional interest rate hikes from the European Central Bank, providing support for the Euro.
- ECB rate: Investors expect more than two additional ECB rate increases, with hikes fully priced in by October and April.
- Manufacturing activity: The Eurozone's final Manufacturing PMI came in at 51.9, just below expectations of 52.0 but remaining above the 50-point threshold that separates expansion from contraction.
- Labor market: Market participants are awaiting a series of important US employment reports, beginning with the JOLTS Job Openings Survey later today.
| SMA (20) | Slightly Falling |  |
|
| RSI (14) | Rising |  | |
| MACD (12, 26, 9) | Slightly Rising | |
Closing statement: EUR/USD remains stable as expectations of further ECB rate hikes support the Euro, but upcoming US labor market data are likely to be the key driver of the pair's next significant move.
GBPUSD
- GBP/USD Price: GBP/USD is trading below the 1.3450 level during Tuesday's European session, with price action remaining subdued.
- BoE rate: Bank of England Governor Andrew Bailey emphasized that recent comments should not be interpreted as a signal that the central bank is preparing to raise interest rates.
- Rabobank ourlook: According to Rabobank, speculative net short positions on the Pound increased ahead of the latest Bank of England meeting.
- UK manufacturing: The UK's final Manufacturing PMI came in at 51.9, well below the expected 52.8 and marking the weakest reading since March.
- Geopolitical news: Markets are closely monitoring the outcome of President Trump's proposed direct talks with Iran after he described them as the country's "last chance" to reach an agreement.
| SMA (20) | Rising | | |
| RSI (14) | Rising | | |
| MACD (12, 26, 9) | Slightly Rising | |
Closing statement: GBP/USD remains under pressure as the Bank of England maintains a cautious stance and UK manufacturing loses momentum, while geopolitical developments and upcoming market catalysts are likely to determine the pair's next direction.
XAUUSD
- XAU/USD Price: Gold is trading around $4,065 during Tuesday's European session, attempting a modest rebound after two consecutive days of declines.
- Fed's Warsh: Reports that Federal Reserve Chair Kevin Warsh is considering reducing the number of annual Fed policy meetings have helped maintain demand for the US Dollar.
- Amazon shares: Amazon shares fell nearly 2% after Jeff Bezos sold approximately $4 billion worth of his remaining founder shares.
- Fed rate: Markets now assign a 64.7% probability of a Federal Reserve rate hike in September, down from roughly 77% before the July policy meeting.
- US NFP: Investors are expected to remain cautious ahead of Friday's closely watched US Nonfarm Payrolls report.
| SMA (20) | Slightly Falling | |
| RSI (14) | Slightly Falling | |
| MACD (12, 26, 9) | Slightly Falling | |
Closing statement: Gold is attempting to stabilize after recent losses, but the US Dollar and expectations surrounding upcoming US labor market data are likely to determine whether the metal can extend its recovery or resume its downward trend.
CRUDE OIL
- Crude Oil Price: WTI crude oil is building on the previous session's rebound, rising further during Tuesday's European trading after recovering from levels below the mid-$77.00s.
- Strait of Hormuz: A senior adviser to Iran's Supreme Leader rejected claims that the Strait of Hormuz will soon reopen and warned that Iran would not allow unauthorized shipping through the strategic waterway.
- Major Oil: President Trump criticized major US oil producers, including Exxon and Chevron, arguing that they are generating excessive profits and should lower retail fuel prices.
- Tanker routes: Reports indicate that six Saudi-flagged supertankers altered their routes, choosing to sail around Southern Africa instead of using the Gulf region.
- Energy companies: Leading oil producers, including Shell, Exxon, and Chevron, have warned that fuel markets remain tight and that retail fuel prices are likely to stay elevated regardless of movements in crude oil prices.
| SMA (20) | Rising | | |
| RSI (14) | Slightly Rising | |
|
| MACD (12, 26, 9) | Rising | | |
Closing statement: WTI crude remains supported by persistent geopolitical tensions, shipping disruptions, and tight global fuel markets, with supply concerns likely to keep prices elevated despite political pressure on oil producers.
DAX
- DAX 40 Price: The DAX 40 extended its strong rally on Tuesday, climbing to around 26,240 points shortly after the market opened.
- Retail sales: German retail sales fell 1.1% month-on-month in July, significantly worse than the expected 0.3% decline, indicating softer consumer spending during the month.
- Manufacturing sector: Germany's final Manufacturing PMI was confirmed at 52.2, matching expectations and marking the sixth consecutive month of expansion.
- Bayer shares: Bayer shares gained after the company released better-than-expected quarterly results, with analysts highlighting strength across its pharmaceuticals and agrochemicals businesses.
- Adidas rating: UBS downgraded Adidas from "Buy" to "Neutral" and lowered its price target, citing a less favorable outlook for the sportswear company.
| SMA (20) | Rising | | |
| RSI (14) | Rising | | |
| MACD (12, 26, 9) | Rising | | |
Closing statement: The DAX 40 remains firmly in an uptrend, supported by resilient manufacturing activity and strong corporate earnings, with record highs reflecting continued investor confidence despite mixed consumer data and isolated analyst downgrades.
