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ECB survey: Eurozone Consumer Inflation Expectations fall to 2.6% over next 12 months in June
The latest monthly Consumer Expectations Survey by the European Central Bank showed on Tuesday that Eurozone inflation is expected to extend its downtrend for the year ahead in June.
GBP: Out-sized move in EUR/GBP - ING
We saw a huge move lower in EUR/GBP yesterday, ING's FX analyst Chris Turner notes.
DXY eyes key resistance at 99/99.40 after trendline rebound - Scotiabank
The Dollar Index is staging a recovery after defending its long-term uptrend near 96.40. A higher low at 97.10 and bullish MACD divergence point to fading downside momentum, with focus now shifting to key resistance near 99/99.40, Standard Chartered's economist report.
China: Fiscal room remains sizeable in H2 - Standard Chartered
Fiscal measures were front-loaded, contributing to higher-than-expected GDP growth in H1. If broad budget is fully implemented, fiscal impulse would be 1.2% of GDP in H2, reducing downside risk. Broad spending can maintain the H1 pace under prudent assumptions of tax and land sale revenues.
DXY. Risks skewed to the upside for now - OCBC
USD traded better bid overnight. The sell-off in European equities overnight and most Asian equities also weighed on sentiments. DXY was last at 98.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Double-top bearish reversal is at play - OCBC
Euro (EUR) began the week near its recent highs but then eased slightly lower.
US Dollar Index Price Forecast: Advances to near 99.00 after rebounding from 50-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the fourth consecutive session and trading around 98.80 during the European hours on Tuesday.
EUR: Not a great deal - ING
This time yesterday, we were all focusing on how the US-EU trade deal would remove uncertainty and allow EU businesses to move on, ING's FX analyst Chris Turner notes.
USD/CHF maintains position above 0.8050 as US Dollar advances due to trade optimism
USD/CHF extends its gains for the second successive session, trading around 0.8060 during the European hours on Tuesday. The pair appreciates as the US Dollar (USD) receives support from trade optimism, driven by the recent trade developments between the United States (US) and its trading partners.
US JOLTS Job Openings expected to decline in June
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in June, alongside the number of layoffs and quits.
Pound Sterling slumps against the US Dollar, focus shifts to Fed monetary policy
The Pound Sterling (GBP) holds onto losses near its two-month low around 1.3350 against the US Dollar (USD) during the European session on Tuesday.
NZD/USD Price Forecast: Extends losing streak for fourth day as US Dollar gains further
The NZD/USD pair extends its losing streak for the fourth trading day against the US Dollar (USD) on Tuesday, sliding to near 0.5950.
USD/CAD advances to nearly two-week high, above mid-1.3700s ahead of US data
The USD/CAD pair prolongs its uptrend for the fourth straight day on Tuesday and climbs to a one-and-a-half-week top, above mid-1.3700s during the early European session. The momentum is sponsored by sustained US Dollar (USD) buying.
Forex Today: US Dollar rally loses steam as focus shifts to US data, trade talks
Here is what you need to know on Tuesday, July 29:
FX option expiries for Jul 29 NY cut
FX option expiries for Jul 29 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/JPY Price Forecast: Rising 20-day EMA suggests a strong upside trend
The USD/JPY pair ticks down to near 148.35 during the late Asian trading session on Tuesday, struggling to extend its three-day winning streak.
USD/CNH holds steady around 7.1800 as US-China negotiations enter second day
USD/CNH inches lower after registering gains in the previous three sessions, trading around 7.1790 during the Asian hours on Tuesday. The offshore Chinese Yuan (CNH) holds ground against the US Dollar (USD) ahead of the United States (US)-China negotiations entering the second day.
USD/INR refreshes four-month high as Indian Rupee faces multiple headwinds
The Indian Rupee (INR) posts a fresh four-month high against the US Dollar (USD) at open on Tuesday. The USD/INR pair slides to near 87.08 as the Indian Rupee continues to face headwinds from the outflow of foreign funds by institutional investors and a decent recovery in the Oil price.
GBP/JPY slides below 192.00 as JPY benefits from reviving safe-haven demand
The GBP/JPY cross extends the previous day's retracement slide from the 199.20 region and attracts some follow-through selling during the Asian session on Tuesday.
US Dollar Index surges to near 99.00 due to trade optimism, eyes on US-China trade talks
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing to gain ground for the fourth successive session and trading around 98.70 during the Asian hours on Tuesday.
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