EURUSD
- EUR/USD Price: EUR/USD is trading slightly lower around 1.1450 during Thursday's European session after posting strong gains following the Federal Reserve's latest policy decision.
- Fed rates: The Federal Reserve left interest rates unchanged at 3.50%-3.75% for the fifth consecutive meeting, providing support for risk sentiment.
- ECB's Kazimir: ECB policymaker Peter Kazimir stated that at least one more interest rate hike will likely be needed to control inflation, while warning that further deterioration in economic conditions could require even more tightening.
- ECB rate: Investors continue to price in at least two more ECB rate increases, with the first expected by October and another by March. Expectations of higher Eurozone interest rates could help maintain support for the Euro against the Dollar.
- Upcoming data: Attention now shifts to the upcoming Eurozone and German GDP releases, with forecasts pointing to a modest 0.2% quarterly expansion after the previous contraction.
| SMA (20) | Slightly Falling |  |
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| RSI (14) | Rising |  | |
| MACD (12, 26, 9) | Slightly Falling | |
Closing statement: EUR/USD remains supported by expectations of further ECB tightening and a steady Fed, but upcoming Eurozone GDP data will likely determine whether the pair can resume its recent upward momentum or extend its short-term pullback.
GBPUSD
- GBP/USD Price: GBP/USD is trading slightly lower around the mid-1.3300s after reaching a weekly high in the previous session.
- Geopolitical news: The US launched military strikes against Iranian targets in response to missile attacks on American forces, escalating tensions in the region.
- UK data: UK consumer credit, net lending, and mortgage approvals all exceeded market expectations, indicating that borrowing activity remains resilient. These figures point to continued strength in domestic demand and provide a supportive backdrop for the British Pound.
- Money supply: The UK's M4 money supply expanded at a faster pace in both monthly and annual terms, reflecting increased liquidity in the economy. While stronger money supply growth can support economic activity, it may also reinforce inflation concerns that the Bank of England continues to monitor.
- BoE decision: The Bank of England is widely expected to keep interest rates unchanged at 3.75% as policymakers assess the inflationary effects of the prolonged US-Iran conflict and the disruption to global energy markets.
| SMA (20) | Slightly Rising | |
| RSI (14) | Slightly Rising | |
| MACD (12, 26, 9) | Slightly Falling | |
Closing statement: GBP/USD remains supported by resilient UK economic data, but geopolitical risks and expectations surrounding the Bank of England's policy decision are likely to determine whether the pair resumes its recovery or faces further downside pressure.
XAUUSD
- XAU/USD Price: Gold has extended its intraday decline after failing to sustain gains above the $4,100 level, moving further away from the one-week high reached in the previous session.
- Fed decision: Three Federal Reserve officials voted in favor of a 25-basis-point interest rate hike, highlighting that some policymakers remain concerned about persistent inflation.
- Fed's Warsh: Fed Chairman Kevin Warsh reiterated that the central bank will not provide forward guidance on future rate decisions but remains committed to achieving its 2% inflation target.
- China-Iran: Reports that China may supply Iran with 400 rocket launchers ahead of President Xi’s planned visit to Washington have raised concerns about escalating geopolitical tensions.
- US signals: President Trump stated that the US would respond forcefully to Iranian attacks on American targets, reinforcing fears of a broader regional conflict.
| SMA (20) | Slightly Falling | |
| RSI (14) | Slightly Falling | |
| MACD (12, 26, 9) | Slightly Falling | |
Closing statement: Gold is facing pressure from hawkish Federal Reserve signals, but escalating geopolitical tensions in the Middle East continue to provide safe-haven support, leaving the metal vulnerable to heightened volatility in the near term.
CRUDE OIL
- Crude Oil Price: WTI crude oil has gained around 7% over the past two days, climbing above $85.90 per barrel.
- US inventories: The latest EIA data showed US crude oil inventories fell by 7.167 million barrels, significantly exceeding market expectations for a 2.5 million-barrel draw.
- Supply risks: Renewed military strikes between the US and Iran, combined with ongoing Houthi threats to Saudi energy infrastructure, continue to disrupt shipping through the Strait of Hormuz and Bab el-Mandeb.
- Japan imports: Japan's largest refiner, Eneos, has purchased a rare shipment of Canadian crude oil as part of efforts to reduce reliance on Middle Eastern supplies.
- US Senate: The US Senate voted overwhelmingly to advance new legislation aimed at strengthening economic sanctions on Russia and Iran.
| SMA (20) | Rising | | |
| RSI (14) | Rising | | |
| MACD (12, 26, 9) | Rising | | |
Closing statement: WTI crude remains firmly supported by tightening US inventories, escalating geopolitical tensions, and persistent supply risks, with further upside possible as long as disruptions to global energy markets continue.
DAX
- DAX 40 Price: DAX Opens Lower in Early Trading Germany’s DAX 40 is trading around 25,350 points, reflecting a weaker start to Thursday's session.
- German inflation: Preliminary estimates show German headline HICP rising 2.8% year-on-year, up from 2.4%, while monthly inflation is expected to increase by 0.8% after a 0.2% decline in June.
- Import prices: Germany’s import price index fell 0.7% month-on-month, matching expectations, but annual import prices increased 6.1%, slightly above forecasts.
- Adidas sales: Adidas lifted its full-year sales outlook after a strong second quarter driven by World Cup-related demand and popular retro-style products. However, profits came in below expectations, triggering a sharp share price decline of more than 17% and putting significant pressure on the DAX.
- BMW report: BMW announced a substantial drop in second-quarter profit due to weaker sales in China, tariffs, and unfavorable currency movements.
| SMA (20) | Slightly Rising | |
| RSI (14) | Slightly Rising | |
| MACD (12, 26, 9) | Slightly Rising | |
Closing statement: The DAX 40 is under pressure from rising inflation expectations and disappointing earnings from key heavyweight companies, leaving the index vulnerable to further short-term weakness despite pockets of strength in consumer demand and electric vehicle sales.
