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The minutes from the Reserve Bank of Australia’s (RBA) June meeting, released on 30 June, suggested that policymakers are not yet ready to rule out further policy tightening. Board members noted persistent excess demand and broad-based inflationary pressures a

June final CPI +1.8% vs +1.8% y/y prelim Prior +2.4% June final HICP +2.0% vs +2.0% y/y prelim Prior +2.8% French headline annual inflation is confirmed at 1.8% in June, marking a drop from 2.4% in May. The decline in price pressures owes much to a sharp slowd

Markets While upward pressure on oil prices eased throughout the day yesterday, (natural) gas prices kept adding to the recent gains. The Dutch TTF future hit the €50/MWh for the first time in a month, up 25% from their recent lows (which in turn were about a

When US president Trump earlier this week said the deal is "over", everyone feared the worst. However, he then toned things down by playing his go-to card in proclaiming that the other side wants to be making a deal. That tends to be his signal to de-escalate.

EUROPEAN SESSION In the European session, we don’t have much on the agenda other than a couple of low tier releases like the final French CPI and Italian industrial production. The data is not going to change anything for the ECB, so the market reaction will b

June final CPI +2.3% vs +2.3% y/y prelim Prior +2.6% June final HICP +2.4% vs +2.4% y/y prelim Prior +2.7% German headline annual inflation is confirmed at 2.3%, keeping unchanged from the preliminary estimate. This represents a slight slowdown from May (2.6%)

Despite US president Trump saying that the ceasefire deal is "over", things have not gone up in flames just yet. The US and Iran are still exchanging strikes but neither side appears to be very interested to take a step further to escalate things to a point wh

Asia rallies on chip rebound and Japan pension-flow hopes as Iran risk fades Japan to press GPIF on domestic assets as JGB selloff exposes BOJ independence fears Citi holds $75 Brent base case for Q3: US-Iran deal, Hormuz reopening seen Yen has continued to ga

Yen strengthened broadly today after Japanese Finance Minister Katayama said Tokyo wants to encourage pension funds, including the Government Pension Investment Fund (GPIF), to increase investment in domestic financial assets. While no formal policy changes we

Key Highlights USD/JPY started a fresh increase but struggled near 162.80. A major bullish trend line is forming with support at 161.60 on the 4-hour chart. Bitcoin could gain bullish momentum if it settles above $65,000. WTI Crude Oil prices recovered some lo

Japan’s producer inflation accelerated more than expected in June, highlighting mounting cost pressures from the Middle East conflict, robust AI-related demand and the persistent weakness of the Yen. Producer Price Index rose 0.4% month-on-month and 7.4% year-

Highlights The Loonie has lost substantial ground to the greenback this year, a fate it shares with several other major G10 currencies. Wider interest-rate gaps have made U.S. assets more attractive, adding pressure on CAD alongside other advanced-economy curr

Key insights from the week that was. Amid a sparse local data calendar, a speech from RBA Assistant Governor (Economic) Sarah Hunter was scrutinised but had little market impact. The speech focused on supply-side shocks, such as the Middle East conflict, and t

NZDUSD: ⬆️ Buy – NZDUSD reversed from support zone – Likely to rise to resistance level 0.5780 NZDUSD currency pair recently reversed up from the support zone between the long-term support level 0.5600 (which stopped the strong downtrend d in November) and the

Nasdaq-100: ⬆️ Buy – Nasdaq-100 reversed from support zone – Likely to rise to resistance level 30770.00 Nasdaq-100 recently reversed up from the support zone between the pivotal support level 28800.00 (which has been reversing the price from May), 38.2% Fibon

Nikkei 225: ⬆️ Buy – Nikkei 225 reversed from support zone – Likely to rise to resistance level 72575.00 Nikkei 225 index recently reversed up from the support zone between the support level 66000.00, lower daily Bollinger Band and the support trendline of the

The post Eco Data 7/10/26 appeared first on ActionForex.

The U.S. Treasury auctioned off $22 billion of 30 year bonds to complete the coupon auctions for the week. Below are the details from the auction results. High yield 5.058% WI level at the time of the auction 5.061% Tail -0.3 basis points vs average of -0.2 ba

Markets Oil remained at the center of attention today, if only because there was little else to inspire markets. The collapse of the ceasefire is not particularly suggesting that the US and Iran are close to a permanent agreement which settles, amongst others,

US June existing home sales highlights: Prior was 4.17m Sales pace -2.4% vs +3.2% prior (revised to +3.7%) Inventory at 4.6 months vs 4.5 month prior Median sale price +1.8% vs +1.3% y/y prior The Fed is fighting an inflation battle but housing has been a mate

Investors are once again anticipating an ECB rate rise. TACO has been the main driver behind the EURUSD growth. The US dollar failed to capitalise on Brent crude’s rise to two-week highs and the Fed’s concerns about high prices becoming entrenched in the US ec

New Zealand Dollar outperformed across the board today after a much stronger-than-expected manufacturing survey reinforced confidence that the economy is gaining momentum following the Reserve Bank of New Zealand’s rate hike. At the other end of the spectrum,

The minutes of the ECB’s June meeting reinforced the Governing Council’s conviction that inflationary pressures had become too broad and persistent to justify waiting any longer before tightening policy. While all members unanimously backed a 25 basis point ra

Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 10-11 June 2026 9 July 2026 1. Review of financial, economic and monetary developments and policy options Financia

EURGBP holds within narrow consolidation on Thursday after hitting new over one year low in strong bearish acceleration in past couple of sessions. The pair is also on track for the third consecutive strong weekly loss, as Sterling continues to benefit from ca

Range trading continues in EUR/USD and intraday bias stays neutral. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume the fall from 1.2081 to 100% projection of 1.2081 to 1.1408 from 1.1848

Range trading continues in USD/JPY and intraday bias stays neutral. More consolidations could be seen below 162.83. In case of another fall, downside should be contained by 38.2% retracement of 155.01 to 162.83 at 159.84. On the upside, firm break of 162.83 wi

GBP/USD’s rally from 1.3139 resumed after brief consolidations and intraday bias is back on the upside. Firm break of 1.3459 will argue that whole correction from 1.3867 has completed, and target 1.3657 resistance for confirmation. On the downside, below 1.332

USD/CHF is staying in consolidations below 0.8139 and intraday bias remains neutral. Further rally is expected as long as 0.8009 support holds. Above 0.8139 will extend the rally from 0.7760 to 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198 next. Howev

AUD/USD is staying in consolidations from 0.6864 ad intraday bias remains neutral. Further fall is expected as long as 0.6977 support turned resistance holds. Below 0.6864 will target 0.6832 support. Firm break there will target 0.6756 fibonacci level. However

Consolidation continues below 1.4247 and intraday bias remains neutral in USD/CAD. Deeper pullback cannot be ruled out. But downside should be contained above 1.3965 resistance turned support. Above 1.4247 will resume the rally from 1.3480 to 61.8% retracement

GBP/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Current up trend should target 220.90 fibonacci projection level next. On the downside, below 216.34 minor support will turn intraday bias neutral again and bring conso

EUR/JPY is still bounded in range trading and intraday bias stays neutral at this point. On the upside, break of 186.30 will resume the rebound from 182.01 to retest 187.93 high. On the downside, break of 183.14 will target 182.10 support next. In the bigger p

EUR/GBP’s fall resumed after brief consolidations. Intraday bias is back on the downside for 61.8% retracement of 0.8221 to 0.8863 at 0.8466. On the upside, above 0.8554 resistance will turn intraday bias neutral again. But recovery should be limited by 0.8601

Headlines: US president Trump reaffirms that Iran called a while ago and that they want to make a deal Oil prices continue to surge amid heightened US-Iran tensions and renewed supply fears Dollar holds lower after Trump says that Iran wants to make a deal aga

Intraday bias in EUR/AUD remains neutral and more consolidations could be seen. But further rise is in favor as long as 1.6306 support holds. Above 1.6617 will extend the rebound from 1.6108 towards 1.6842 key structural resistance. However, firm break of 1.63

Intraday bias in EUR/CHF stays neutral and outlook is unchanged. With 0.9176 support intact, further rally is expected. On the upside, above 0.9234 will bring retest of 0.9265 resistance first. Firm break there will resume the rally from 0.8979 to 100% project

GBP/CAD climbed to its highest level in a decade this week, reflecting an increasingly powerful divergence between a Pound supported by fading domestic political risks and a Canadian Dollar facing mounting structural headwinds. Sterling continues to benefit fr

European currencies are showing mixed performance as they attempt to stabilise following their recent decline and the release of the Federal Reserve’s latest meeting minutes. The minutes revealed growing concern over persistent inflationary pressures, with sev

Gold fell to 4,032 USD per ounce on Thursday, marking its second consecutive day of decline. Pressure on the market intensified amid fears that a new escalation of conflict in the Middle East could disrupt energy supplies and accelerate inflation. The US milit

Government is watching markets with very high sense of urgency Long-term interest rates are decided by markets based on various factors Want to secure market trust by stably lowering government debt-to-GDP ratio It's not direct verbal intervention and jawbonin

Markets Oil prices yesterday peaked at north of $80 in the wake of renewed attacks between the US and Iran. The recovery from +/- $70 levels seen earlier this month isn’t markets betting on full-blown out-of-control war. But at the very least it serves as a re

EUROPEAN SESSION In the European session, we don't have much on the agenda other than the ECB accounts. This is never a market moving report as the information is outdated by the time it's released. At the moment, the markets are just extending the pullbacks f

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Silver Commodity XAGUSD . As our members know, both Silver and Gold are showing incomplete bearish sequences in the daily cycles. Recently SILVER mad

Hello traders. In this technical article we’re going to look at the Elliott Wave charts of GOLD commodity published in members area of the website. As our members know, GOLD is shoing incomplete bearish sequences in the daily cycle and we have been calling for

There's no change to the overall assessment for all 9 Japanese regions, as per the BOJ's latest quarterly report. Most regional economies are seen as "recovering moderately" still. Besides that, many regions did note a risk of a sharp drop in exports while fir

Bank of Korea's Shin flags rate hike as inflation runs hottest in years China factory-gate inflation hits 4-year high as CPI cools Chipmaker rally lifts Kospi, Nikkei as oil risk lingers China June 2026 CPI +1% y/y (expected 1.2%, prior 1.2%) Oil has moved a l

Gold and silver have lost the momentum generated by their recent rebounds, but sellers have yet to secure the decisive breakdown they are looking for. Gold’s recovery stalled at 4202.87, while silver turned lower after reaching 63.25. The next move now appears

The divergence between rising producer prices and cooling consumer inflation captures China's two-track economy in a single data set: upstream and export-linked sectors are seeing genuine pricing power return as global AI-driven demand lifts advanced manufactu

China’s consumer inflation eased further in June, highlighting subdued domestic price pressures even as producer inflation climbed to its highest level in nearly three years. Consumer prices fell -0.3% mom, steeper than the expected -0.2% decline, while annual

China inflation data, June 2026. I'll have more to come on this separately. CPI 1.0% y/y expected 1.2%, prior 1.2% CPI -0.3% m/m expected -0.2%, prior -0.1% Core CPI 1% y/y expected 1.1%, prior 1.1% PPI 4.1% y/y, a 4-year high expected 4.1%, prior 3.9% for the

New Zealand’s manufacturing sector posted a powerful recovery in June, with the BusinessNZ Performance of Manufacturing Index (PMI) jumping from 51.3 to 59.7, well above its long-run average of 52.5. The reading marked the strongest expansion since July 2021,

The minutes of the Federal Reserve’s June 16-17 meeting revealed that the unanimous decision to leave interest rates unchanged masked a noticeably more hawkish debate beneath the surface. While all policymakers ultimately supported keeping the federal funds ta

June 16–17, 2026 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June 16, 2026, at 10:00 a.m. and continued on Wednesday, June 17, 2026,

The New Zealand dollar rose 0.75% in immediate reaction to (expected) action of the RBNZ to raise interest rates by 25 basis points to 2.5%, earlier today. This was the first rate hike in almost three years, with comments from the policymakers pointing to pote

Spot Gold (XAUUSD) continues to exhibit an incomplete bearish sequence from the January 29 peak, with potential downside extending toward the $3400 area. The decline from the April 17 peak is unfolding as a double three Elliott Wave structure. Within this form

The post Eco Data 7/9/26 appeared first on ActionForex.

The additional A$500 million commitment lifts AustralianSuper's total Indian exposure to A$3.3 billion and signals continued institutional confidence in India's infrastructure buildout even as global allocators remain cautious on emerging markets more broadly.

The focus for the session is the CPI and PPI data from China. This article was written by fl6553e4b45d84486a91658a8b3f02bf22 at investinglive.com.

Markets The US-Iranian ceasefire is not only under pressure, it is over. At least as far as president Trump is concerned. He told reporters during his trip to Ankara for a NATO summit that he wasted time dealing with the Iranians. Trump said his negotiators ma

Silver: ⬇️ Sell – Silver reversed from resistance zone – Likely to fall to support level 55.00 Silver recently reversed from the resistance zone between the key resistance level 62.60 (former strong support from February and June), 20-day moving average and th

Markets were driven by two competing sources of uncertainty today as Brent crude surged toward the $80 mark while investors awaited the release of the June FOMC minutes for the first real insight into Chair Kevin Warsh’s policy thinking. Dollar traded firmer a

Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1323. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume the fall from 1.2081 to 100% projection of 1.2081 to 1.140

Intraday bias in USD/JPY stays neutral at this point. More consolidations could be seen below 162.83. In case of another fall, downside should be contained by 38.2% retracement of 155.01 to 162.83 at 159.84. On the upside, firm break of 162.83 will resume larg

Intraday bias in GBP/USD is turned neutral with current retreat, and some consolidations would be seen first. Above 1.3400 will target 1.3459 resistance. Firm break there will argue that whole correction from 1.3867 has completed, and target 1.3657 resistance

Intraday bias in USD/CHF stays neutral and further rally is expected as long as 0.8009 support holds. Above 0.8139 will extend the rally from 0.7760 to 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198 next. However, sustained break of 0.8009 support will

Intraday bias in AUD/USD remains neutral and consolidations could continue above 0.6864. Further fall is expected as long as 0.6977 support turned resistance holds. Below 0.6864 will target 0.6832 support. Firm break there will target 0.6756 fibonacci level. H

USD/CAD is still bounded in consolidations below 1.4247 and intraday bias remains neutral. Deeper pullback cannot be ruled out. But downside should be contained above 1.3965 resistance turned support. Above 1.4247 will resume the rally from 1.3480 to 61.8% ret

Intraday bias in GBP/JPY is turned neutral first with current retreat. Some consolidations would be seen but downside should be contained above 214.61 support. On the upside, firm break of 217.19 will extend larger up trend and target 220.90 fibonacci projecti

Sideway trading continues in EUR/JPY and intraday bias remains neutral for the moment. On the upside, break of 186.30 will resume the rebound from 182.01 to retest 187.93 high. On the downside, break of 183.14 will target 182.10 support next. In the bigger pic

Intraday bias in EUR/GBP is turned neutral first with current recovery. Some consolidations would be seen but upside should be limited by 0.8601 support turned resistance to bring another fall. On the downside, break of 0.8531 temporary will resume the down tr

More consolidations could still be seen in EUR/AUD and intraday bias remains neutral. But further rise is in favor as long as 1.6306 support holds. Above 1.6617 will extend the rebound from 1.6108 towards 1.6842 key structural resistance. However, firm break o

Intraday bias in EUR/CHF remains neutral for the moment. Further rally is expected with 0.9176 support intact. On the upside, above 0.9234 will bring retest of 0.9265 resistance first. Firm break there will resume the rally from 0.8979 to 100% projection of 0.

Brent price jumped over 4% on Wednesday morning, extending recovery leg from temporary base at $70 zone. Fresh acceleration was sparked by the latest comment from President Trump that deal with Iran is over, following the latest fire exchange between US and Ir

Headlines: Trump says Memorandum of Understanding with Iran is over, don't want to engage with them US President Trump: Iran are dirty players, they are 'scum' Iran issues statement in condemning blatant violation to ceasefire deal by the US Oil prices jump as

It was never going to be that simple and straightforward. However, this week was supposed to be a calmer one where both the US and Iran take a step back to regather their composure ahead of another round of negotiations next week. Instead, the deal/memorandum

GBP/USD declined to 1.3352 on Wednesday amid a general deterioration in the external environment and a decline in risk appetite. The escalation of tensions in the Strait of Hormuz and Iran’s attacks on facilities in Kuwait and Bahrain have prompted investors t

The DAX 40 has shed more than 2% over the past several sessions, breaking a rally that had pushed the index to record highs on the back of Germany’s fiscal pivot toward defence, infrastructure and climate spending. The pullback raises a legitimate question: is

The escalation of the conflict in the Middle East has allowed oil prices to recover. The US dollar has gained favour as a safe-haven asset. The US dollar quickly regained ground amid the escalation of the conflict in the Middle East. The US responded to attack

Fresh US airstrikes against Iranian targets finally gave oil bears a reason to blink. Brent crude rallied back above $76 after Washington retaliated for attacks on commercial shipping in the Strait of Hormuz, but the move was notable less for its direction tha