Author: FX
The UK economy grew 0.4% in the second quarter of 2026, matching what economists expected. June alone jumped 0.3%, beating forecasts for zero growth, thanks to World Cup fever and a summer heatwave. Both effects likely faded fast. The quarter wrapped up before the ceasefire between the US and Iran collapsed and fighting over the Strait of Hormuz picked back up. UK GDP Q2 2026: Key Takeaways Q2 2026 GDP: Output rose 0.4% quarter-on-quarter (April to June), matching forecasts and down from Q1’s 0.6% pace. June monthly GDP: Grew 0.3%, beating forecasts for flat growth; May was revised down to…
Kickstart for August 12: USD steady as PPI takes center stage today in NA !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD trading directionless near 1.3500 as United Kingdom (UK) Q2 and June Gross Domestic Product (GDP) data show encouraging activity. Growth was driven by investment and consumption, with government spending a drag. Source link
Gary Yeowell/DigitalVision via Getty ImagesStock index futures were mixed on Thursday as investors awaited another inflation report after Wednesday’s CPI. Here are five news items that broke overnight: Michael Burry adds to semiconductor and AI shorts: Michael Burry disclosed increased short positions in Nebius ( Source link
Spain inflation nudges higher in July as both headline and core prices push up !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD briefly spiked to 1.1562 on the US CPI release before reversing to 1.1524. They now see further pullback risks contained within 1.1510–1.1545 intraday and judge that upward momentum has faded, with the pair likely to range-trade between 1.1480 and 1.1580 over the coming 1–3 weeks.Euro-Dollar momentum fades into consolidation”24-HOUR VIEW: After EUR traded in a quiet manner two days ago and closed largely unchanged at 1.1540, we highlighted the following yesterday: “The price action provides no fresh clues, and we continue to expect EUR to trade…
AbCellera Biologics prices oversubscribed $200M offering at $9.75/share Source link
Trend retracement traders huddle up! NZD/USD is closing in on a key support zone that could bring buyers back and keep the pair’s uptrend alive. Let’s take a closer look at the 4-hour chart! NZD/USD 4-hour Forex Chart Faster with TradingView The New Zealand dollar was the biggest loser against the dollar on Wednesday, sliding roughly 0.39% as the dollar staged a sharp intraday comeback. An in-line July CPI report briefly cooled Fed rate hike bets, but renewed uncertainty around the Strait of Hormuz standoff put a safe haven bid back under the greenback. Thursday brings another inflation test, with…
GBP/USD tests a key resistance as traders weigh U.K. inflation, Fed minutes, and shifting rate expectations ahead of Jackson Hole symposium. Source link
Recap: RBA’s Kent: policy is restrictive and working, but risks still skew higher !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link