Forex Market News .. collected from serval sources, all in one place for you to review.
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Trump is posting on TruthSocial:
There has been some speculation that the success of the Iranian missiles at targeting bases and such, as well aa the supply given the annihilation of there defense, suggests some nafarious help from the likes of China and Russia.
I do not know but Trump gives both leaders the benefit of the doubt.
What do you think?
This article was written by Greg Michalowski at investinglive.com.The price of gold traded at its low for the week on Monday, but sellers could not sustain the downside momentum. The bearish bias began to deteriorate as the price moved back above its 100-hour moving average, a downward-sloping trendline, and its 200-hour moving average. Holding those levels as support during Tuesday's trade gave buyers the confidence to extend higher, with the price reaching its high for the week at $4,166 on Wednesday. However, that rally stalled below the key July swing highs at $4,180 and $4,203, allowing sellers to regain control.
The price then rotated lower, breaking back below both the 100-hour moving average (near $4,072) and the 200-hour moving average (near $4,047) on Thursday. However, the decline found…
The USDCAD found a bottom on Monday, just above Friday's low and key psychological support at 1.4000. The low reached 1.4003, attracting buyers who pushed the pair back above the falling 100-hour moving average. The rally extended into Tuesday, initially stalling ahead of the 200-hour moving average before buyers gained enough momentum later in the day to break above it. That move carried the pair toward the July 10 swing low at 1.4116, where the advance began to lose steam.
From there, the pair has been on a bit of a roller coaster. A corrective pullback brought the price back toward the 100- and 200-hour moving averages, but buyers stepped in and defended those levels on Thursday. Today, the pair briefly slipped below the 100-hour moving…
Israel PMs office is reporting that Israeli Prime Minister Netanyahu will be traveling to Washington to meet with Pres. Trump on Tuesday. Israel has recently been saying that they would not be an aggressor in the US Iranian war.
President Trump has continued to strongly back Israel and Prime Minister Benjamin Netanyahu, reaffirming the close U.S.-Israel alliance while signaling that the United States is prepared to take an even tougher stance against Iran if necessary. He recently said he is "close to making a decision" on potential military action against Iran larger than previous operations and indicated Israel would quickly participate if asked, though the U.S. could also act independently. At the same time, Trump has reportedly…
Details on Inventories and Prices
Sales Prices
Chris Williamson, Chief Business Economist at S&P Global Market Intelligence:
“US businesses reported a good start to the third quarter, the ‘flash’ PMI survey data broadly consistent with GDP growing at an annualized 2.0% against a 1.2% pace signalled for the second quarter. The month saw an encouraging return to hiring by companies, with employment rising for the…
The USDCHF has been grinding steadily higher throughout July, adding another modest gain today. The pair is up about 0.21% after recovering from an early European-session dip, with the rebound lifting the price to fresh 2026 highs and its highest level since June 2025. The session high reached 0.8184 so far.
That advance has carried the pair into an important resistance zone defined by swing highs from June and August 2025 between 0.8170 and 0.8214 (see yellow area on the daily chart above). Also within that zone sits the 38.2% retracement of the decline from the January 2025 high to the January 2026 low, which comes in at 0.82116. Buyers are now testing this cluster of technical resistance. A sustained move above 0.8214 would strengthen…
Reports from Iranian state-affiliated news agencies Fars and Tasnim said explosions were heard in Saudi Arabia early Friday. Fars claimed a drone struck logistics warehouses used by the U.S. Army, while Tasnim separately reported explosions in the kingdom without providing additional details. As of now, there has been no confirmation from Saudi officials, the U.S. military, or other independent sources regarding the reported attack or any resulting damage.
If confirmed, the incident would mark another escalation in the regional conflict, highlighting the continued vulnerability of U.S. military logistics and infrastructure across the Middle East. Market participants will likely be watching closely for official confirmation and any signs…
Details of the PPI data:
Key price changes
The latest reading suggests that price pressures in the new home market remain subdued, although the pace of declines has eased. Elevated borrowing costs, affordability challenges, and softer housing demand continue to weigh on builders' pricing power, despite the gradual stabilization seen in recent months.
While the smaller monthly decline points to some resilience in the sector, the data indicate that Canada's new home market remains under pressure as developers navigate a cautious demand environment and buyers continue to adjust to higher financing costs.
For background, the New Housing Price Index (NHPI) is a monthly series that measures changes over time in the builders' selling prices of new residential houses, where…
The USD is little changed to kickstart the last trading day of the week in the North American session. The three major currency pairs - the EURUSD, USDJPY and GBPUSD - are all withing 0.06% of the closing level from yesterday with moves lower generally initially leading to USD buyers. In the video, I take a look at those currency pairs from a technical perspective and outline the bias, the risks and the targets for each. Be aware. Be Prepared. Understand the roadmap for your trading.
In the markets, US stocks are mixed with the futures implying Dow up 141 points, the S&P unchanged and the Nasdaq -46 points. Intel shares are up after beating expectations and increasing forward guidance. However, they are also well off the highs from…
ECB's Simkus:
ECB's Rehn:
ECB's Makhlouf:
Several ECB policymakers struck a cautious but hawkish tone, reinforcing the message delivered after yesterday's policy meeting that the Governing Council remains prepared to tighten policy further if the inflation outlook were to deteriorate.
ECB's…