US Senate panel narrowly backs Trump nominee to be top US spy
Robert F Kennedy Jr, one of President Donald Trump's most controversial cabinet picks, has been sworn in as the next US Health and Human Services Secretary.
Markets
Chinese Yuan: Upside bias holds near 6.7600 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang notes that USD/CNH retains a downside bias in both the 24-hour and 1–3 week horizons, with key support around 6.7600 and strong resistance at 6.7820. Short-term momentum is building…
British Pound: Fiscal shield tests gilt and FX credibility – BNY
BNY’s Geoff Yu argues that Prime Minister Andy Burnham’s removal of Value Added Tax (VAT) on household electricity is a test of the United Kingdom’s (UK) fiscal protection strategy. While the measure offers modest relie…
Federal Reserve seen holding rates next week amid Oil shock ‒ Reuters
A Reuters poll revealed that the Federal Reserve is most likely to keep interest rates unchanged for the rest of the year as it battles stubbornly high inflation that has remained above the Fed’s 2% goal for at least 5 …
British Pound drops as geopolitical risk premium revives USD
The Pound Sterling loses some ground against the US Dollar, down by 0.48%, as risk appetite in the foreign exchange markets deteriorates, with the Greenback reclaiming key technical levels in the US Dollar Index (DXY) a…
Canadian Dollar: Tariff shock weighs as Trump raises duties – BNY
BNY’s Geoff Yu explains that new 50% U.S. tariffs on selected Canadian goods are a direct trade shock, with Washington citing unfair treatment of US exports and ruling out United States-Mexico-Canada Agreement (USMCA) e…
Canada's Loonie meets another 50% tariff
USD/CAD trades just above the 1.4100 handle into the North American afternoon, up around a fifth of one percent and on track for a second consecutive daily advance. The recovery follows the July slide from the year's hi…
Singapore Dollar: AI exports support SGD against US Dollar – Commerzbank
Commerzbank’s Moses Lim and Dr. Henry Hao note that Singapore’s June non-oil domestic exports (NODX) growth moderated to 20.7% year-on-year but remained strong, with electronics exports surging on AI-related semiconduct…
WTI Crude Oil advances on US-Iran supply disruption fears as traders await API report
West Texas Intermediate (WTI) trades around $84.40 at the time of writing on Tuesday, up 2.6% on the day, as concerns over global Oil supplies continue to support prices despite hopes for a diplomatic de-escalation in t…
Silver Price Forecast: XAG to break resistance trendline, eyes on $60
Silver price (XAG/USD) surges over 4.50% on Tuesday, reaching five-day highs, clearing $59.00 as buyers push the white metal to test a downslope resistance trendline near the $59.65/$50.75 range, about to surpass the $6…
Canadian Dollar: Mean reversion faces tariff headwinds – Societe Generale
Societe Generale strategists note that softer June inflation in Canada has stalled the Canadian Dollar’s (CAD) rebound from 1.4250 toward 1.40 against the US Dollar (USD). Failure to reclaim the 50-day moving average ar…
India: Weather-driven inflation risks – Standard Chartered
Standard Chartered Bank economist Saurav Anand highlights rising inflation risks for India as deficient monsoon rains and persistent El Niño threaten food output. The report notes sowing is down and reservoir levels are…
Gold price rallies amid Gulf war strikes, strong US Dollar
Gold price surges on Tuesday during the North American session, up by more than 1.50% amid continued missile strikes between the US and Iran despite mediators' efforts to end the war. The XAU/USD trades at $4,071
British Pound: Fiscal flexibility weighs on Pound – ING
ING’s Francesco Pesole notes that Gilts and the Pound saw turbulence as new UK Prime Minister Andy Burnham signalled flexibility on fiscal rules and appointed John Healey as Chancellor. Sterling’s initial reaction was l…
Meta adds Xbox Game Pass starter to Horizon+ subscription
Microsoft first started opening up access to Claude Code in December, inviting thousands of its own developers to use Anthropic’s AI coding tool daily. It was part of an effort to get project managers, designers, and ot…
Euro slips as Middle East tensions boost the US Dollar despite upbeat ZEW surveys
EUR/USD edges lower on Tuesday as the US Dollar (USD) strengthens amid heightened tensions in the Middle East. At the time of writing, the pair trades around 1.1405, hovering near one-week lows.
US President Trump: “We’re not finished at all with Iran”
United States (US) President Donald Trump said during a press conference at the White House on Tuesday that Washington could intensify its military campaign against Iran, including possible strikes on the underground Pi…
Why is Danaher stock tumbling today?
Danaher Corp. shares have fallen to a new 52-week low near $172, reflecting renewed pressure on the stock after recent analyst downgrades and mixed first?quarter 2026 results that beat earnings per share but missed reve…
Dow Jones Industrial Average rebounds on earnings as Trump trades one war for another
The Dow Jones Industrial Average (DJIA) climbs around 340 points, or 0.7%, on Tuesday, snapping a three-day slide that has pulled the index away from the early July record just above 53,300. The rebound runs out of stea…
US Dollar: Complacency risk supports Dollar – ING
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the Dollar is drawing broad-based support as markets slowly react to escalating tensions in the Gulf. They argue USD still has room to rall…
Euro: Range-bound against US Dollar ahead of ECB – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight the Euro (EUR) trading quietly against the US Dollar (USD) in a tight low-1.14 range, with limited reaction to stronger ZEW sentiment data. Short-term rate…
British Pound: Fiscal policy uncertainty and Sterling reaction – MUFG
Lee Hardman at MUFG highlights that the Pound has modestly recovered after losses following Andy Burnham’s appointment as UK Prime Minister, while long-dated gilts remain under pressure. Market focus is on Burnham’s use…
163.00: Why the Japanese Yen is close to year-to-date lows again
The Japanese Yen (JPY) continues to trade on the defensive against the US Dollar (USD), lingering near year-to-date highs just below the 163.00 handle. Driven by global energy price shocks stemming from Middle East supp…
Silver Price Forecast: XAG/USD surges as Middle East tensions boost safe-haven demand
Silver (XAG/USD) rallies to around $58.85 on Tuesday at the time of writing, up 4.31% on the day. The white metal is supported by strong safe-haven demand as investors continue to monitor escalating tensions between the…