July 24, 2026 10:18 am
Key Moments The Central Bank of the Republic of Türkiye (CBRT) held its one-week repo rate at 37.0% and kept the interest rate corridor at 35.5%-40.0%. With the weekly repo window closed since the Iran shock, effective funding has stayed close to 40%, which is seen as marginally supportive for the Lira. Rising oil prices, […]
Read moreJuly 24, 2026 9:42 am
Key Moments The South African Reserve Bank kept its policy (repurchase) rate unchanged at 7%, contrary to market expectations of a hike. The decision coincided with Brent crude oil moving above USD 100 per barrel and followed a rise in June inflation. The rand weakened by more than 2% against the US Dollar, marking its […]
Read moreJuly 24, 2026 9:29 am
Key Moments USD/IDR trades near 18,020 in Asian hours after giving back more than 0.5% of the prior session’s gains. Bank Indonesia unexpectedly keeps its benchmark rate at 5.75% in July, favoring targeted FX measures over further hikes. Fed funds futures imply a 35.8% chance of a July rate hike and an 82.1% probability of […]
Read moreJuly 24, 2026 9:23 am
Key Moments USD/INR slips toward 96.50 on Friday as the Reserve Bank of India is seen selling dollars around the 96.80 level. Higher oil prices amid renewed US-Iran tensions and a key Red Sea shipping chokepoint closure are expected to weigh on the Rupee. US Treasury yields near 4.70% and a jump in Fed hike […]
Read moreJuly 24, 2026 9:11 am
Key Moments USD/INR retreats toward 96.50 as the Reserve Bank of India is seen intervening through spot and NDF markets. Oil prices remain elevated amid US-Iran tensions and disruptions around the Bab el-Mandeb Strait, pressuring oil-importing currencies like the Rupee. India’s flash HSBC Composite PMI eases to 54.3 in July from 57.1 in June, reflecting […]
Read moreJuly 24, 2026 8:53 am
Key Moments EUR/GBP climbed toward 0.8550 during Friday’s European session, reaching a two-week high. UK Retail Sales rose 1% MoM in June, beating expectations for a 0.3% decline. Annual growth reached 4.2%. Traders turned their attention to upcoming UK, German, and Eurozone preliminary PMI releases for July. Euro Strengthens Despite Strong UK Consumer Data The […]
Read moreJuly 24, 2026 8:38 am
Key Moments NZD/USD edged higher off a one-and-a-half-week low near 0.5760 but stayed capped below 0.5800 amid persistent US Dollar strength. Energy-related inflation concerns, driven by supply disruptions and higher crude prices, reinforced expectations for a Fed rate hike by year-end. Stronger New Zealand inflation data supported RBNZ rate-hike expectations, while markets awaited US flash […]
Read moreJuly 24, 2026 8:34 am
Key Moments USD/CHF extends gains for a fifth straight session, trading around 0.8170 during Asian hours on Friday. Oil-driven inflation concerns have pushed money market pricing to roughly a 35.8% chance of a Fed hike this month and an 82.1% probability of at least a quarter-point move in September. Switzerland’s 10-year government bond yield climbed […]
Read moreJuly 24, 2026 8:19 am
Key Moments AUD/JPY trades around 114.25 in early European hours on Friday, supported by robust Australian employment data for June. Australia’s June Employment Change printed at 76.3K, well above the 15K forecast and a revised 44K gain in May, while the Unemployment Rate remained at 4.4%. Despite the bullish technical setup, Japanese authorities’ warnings about […]
Read moreJuly 24, 2026 7:56 am
Key Moments EUR/JPY has risen for a fourth straight session, trading near 186.50 during Asian hours on Friday. The pair is trading above its nine-period and 50-period EMAs, with a 14-day RSI around 60 signaling ongoing but not overextended upside momentum. Price action is confined within a rising wedge pattern, with resistance near 186.80 and […]
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