Germany: Annual HICP declines to 8.2% in June vs. 8.8% expected
HICP inflation in Germany declined unexpectedly in June. EUR/USD continues to fluctuate above 1.0500 after
AUD/USD rebound eyes 0.6945 hurdle on strong Australia Retail Sales, Fed’s Powell in focus
AUD/USD picks up bids to extend corrective pullback from intraday low. Australia Retail Sales rose
USD/JPY consolidates around 135.00 mark, downside potential seems limited
USD/JPY gained some positive traction on Monday, though lacked any strong follow-through buying. The risk-on
USD/TRY slumps to three-week low under 16.50 as Turkiye restricts lending to companies
USD/TRY drops the most in 2022 as Turkish government takes step to curb lira selling.
Gold Price Forecast: XAU/USD advances to near $1,840 as G7 bans Russian gold imports
Gold price has given an upside break of $1821.25-1,831.87 as G7 bans Russian gold exports.
Singapore: Higher inflation opens the door to MAS tightening – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest inflation figures in Singapore. Key
Fed to tighten aggressively amid ‘key upside risk’ to inflation expectations – Goldman Sachs
Analysts at Goldman Sachs believe that the Fed could be forced to tighten aggressively, in
USD/JPY surpasses 135.00 firmly on steady Japan Inflation data
USD/JPY has refreshed its day’s high at 135.14 on unchanged Japan’s Inflation. The overall inflation
GBP/USD erases gains and retraces below 1.2300 post-Fed’s Powell appearance at the US Congress
UK inflation remains at 40-year highs and rose by 9.1% YoY. Fed Chief Powell commented
Canada: Broadly based price pressures makes a 75bp hike a near certainty – CIBC
Inflation in Canada reached in May levels not seen since 1983. Analysts at CIBC point