Recent headlines from the sources AlphaScala monitors. AlphaScala analysis is published in the main market section.
The rupee strengthened 21 paise to 96.24 against the dollar, helped by lower oil prices and foreign inflows. Dealers see near-term resistance at 96.20.
Canadian PM Carney said the 50% tariff under Section 338 violates the USMCA. He and Trump later agreed to intensify talks. USDCAD holds above the 200-hour MA at 1.4085.
Swaps markets price a 75% probability of a September ECB hike. If Lagarde validates the path, the euro gets a modest lift. If she pushes back, the downside risk is larger.
Crude oil pushed higher Tuesday as WTI bounced off its 50-day EMA and Brent cleared $91, with traders citing persistent supply disruption fears from the Middle East.
US 10-year yield at 4.6% keeps the dollar range-bound; carry trade favors MXN and ZAR while PLN remains dollar-supportive with key support at 3.75.
Trump scuttles a 10-day Iran cease-fire, sending crude above $84 and targeting $86.13. A VLCC turns back in the Red Sea after Houthi warnings.
Crude oil tests the 85.50-87.50 resistance zone as Middle East tensions lift the risk premium. A break above 87.50 opens 92.50; rejection targets a pullback to 80.00.
Treasury Secretary Scott Bessent told Fox Business that 3% annual growth is achievable, while also covering Iran, China, and AI policy in the same interview.
ADP's weekly hiring estimate fell for a fourth straight period, averaging 16,500 new private-sector jobs in the final weeks of June, down from 19,750.
UK employment rose 147k, wage growth eased to 4.3%. Iran keeps Strait of Hormuz closed. German ZEW sentiment surged. US ADP release due at 8:30 a.m. ET.
Brent crude pushes toward $91 a barrel as Houthi threats and record low stockpiles squeeze supply. Bank of America sees three Fed hikes ahead, shifting the dollar's path.
Crude below $72, steady inflows, and likely RBI dollar buying keep the rupee in a tight band near 83.50. The Fed and domestic CPI data are the next catalysts.
Germany's ZEW sentiment index hit a seven-month high of 26.3 in July, far exceeding forecasts, as reforms and sectoral gains offset persistent automotive weakness and geopolitical risks.
Germany's July ZEW current conditions missed consensus at -77.6, as the Iran conflict and oil uncertainty keep the recovery fragile. The ECB meets this week.
ECB survey shows eurozone banks tightened lending standards in Q2, driven by geopolitical risks and weaker risk tolerance. Corporate loan demand edged higher while housing demand fell sharply.
Andy Burnham took office as UK PM, gilts sold off, and sterling slipped. Canada and New Zealand CPI prints surprised. The focus turns to UK inflation Wednesday.
Labour's Darren Jones says the digital ID scheme was unfunded, challenging the government's claim that scrapping it covers the £850 million VAT cut.
Strait of Hormuz traffic has fallen to its lowest since the conflict peak, with oil and LNG shipments at a standstill. Iran says any reopening depends on security.
Median pay growth eased to 4.3% in June, while regular earnings held at 3.4% for a third month, the weakest since 2020. The BOE's next rate decision is August 1.
UK ILO unemployment rate held at 4.9% in May, in line with expectations, while regular pay growth slowed to 3.4%, adding to mixed signals for the BOE.
U.S. crude inventories fell 1.7 million barrels last week, with WTI testing the 61.8% Fibonacci retracement at $83.48. Natural gas consolidates below key EMAs.
Burnham's VAT cut shaves 0.1% off CPI, reduces household bills by £45, and is funded by scrapping the £1.8 billion digital ID scheme.
WTI crude near $82.30 and the 10-year yield at 4.59% kept the dollar firm and equities under pressure. Traders say any rally is vulnerable until a clear de-escalation emerges.
Trump nears Iran decision as Hormuz blockade tightens. Goldman Sachs warns Brent could hit $120. NZD rises on inflation, LSE plans night trading.
New Zealand's annual inflation hit 4.1% in Q2, driven by a 20% surge in petrol prices. The RBNZ's 3.9% forecast was exceeded, with the detail showing external cost shocks.
The dollar hit a one-week high as Gulf tensions drove safe-haven bids. The euro slipped below $1.08. Focus turns to the Fed's preferred inflation gauge due Friday.
The new US tariffs on Canadian alcohol and autos land during the USMCA review, targeting politically sensitive sectors. Here's what it means for the Canadian dollar and auto supply chains.
A US official says President Trump is focused on making Iran pay for MOU violations and recent US soldier deaths, keeping geopolitical risk elevated for crude and shipping.
The dollar confirmed a bearish breakdown below 100.84, while palladium failed to hold above the 1296.50 breakout level. Both markets are consolidating ahead of the next catalyst.
John Healey named UK chancellor as gilt yields spike on fiscal concerns. The former defence secretary must convince investors Burnham’s spending plan won’t blow out borrowing.