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EU mid-market update: China swings anti-trust hammer at Nvidia, knocks stock down 2%; Fitch sovereign downgrade on France fails to impact French assets. Notes/observations - French assets unfazed by Fitch downgrade that cut its rating to A+ from AA-, citing high debt, weak fiscal record and 2025 def

European Central Bank (ECB) policymaker Madis Muller said on Friday that the interest rates are supportive of economic recovery. Key quotes Rates supportive of economic recovery. Rates in the right place right now. Market reaction At the time of press, the EUR/USD pair was down 0.05% on the day at 1

The US Dollar finds itself at a crossroads during a rather dangerous season, when markets often form trends for the coming months. The short-term outlook for the DXY is quite alarming. At the end of last week, the trade-weighted basket of developed currencies broke the upward trend that had been gra

Retail sales showed a healthy increase of 0.5 percent in July. At the time, analysts claimed this was a sign of a resilient consumer. Turns out, they charged that shopping spree to their credit cards. After contracting for two straight months, revolving credit, primarily reflecting credit card balan

Gold continues to hit record highs as US economic uncertainty resurfaces. EUR/USD constrained near key resistance as ECB rate decision, French politics eyed. Bitcoin flatlines but rising ETF inflows reflect demand for safer crypto options. Gold – Focus on US CPI inflation A surprise double-digit inc

Yesterday's US labour market figures showed that the labour market is cooling down slowly: job vacancies fell more sharply than expected in July, while layoffs increased more than anticipated, Commerzbank's FX analyst Michael Pfister notes. Interest rate cuts ahead "While this fits in with the overa

The UK is facing some serious financial trouble, and it's putting a big strain on both the economy and the British Pound. Think about it this way: the amount of public debt has ballooned to a level that the country hasn’t seen since the 1960s. It’s sitting at nearly the same value as everything the

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AUD/NZD pulled back from a six-month high at 1.1131, reached on Thursday.Australia’s Private Capital Expenditure climbed 0.2% in Q2, against the expected 0.7% rise.The New Zealand Dollar struggles as the RBNZ officials indicated further reductions in the coming months. AUD/NZD retreats after reachin

Partner Center If you thought reality TV was spicy, wait until you see U.S. politics colliding with the Federal Reserve. Late Monday, Donald Trump posted a letter on Truth Social saying he had “sufficient cause” to fire Federal Reserve Governor Lisa Cook. The alleged reason? Claims that she falsifie

One of the main developments at the start of this week has been the announcement from French Prime Minister Francois Bayrou that he has agreed with President Emmanuel Macron to call parliament back into session early in order to allow the government to present its budget plan and hold a confidence m

The Pound Sterling (GBP) is entering Friday’s NA session flat vs. the US Dollar (USD) and showing some signs of near-term stability following a bounce off of support at 1.34, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note. Spreads remain supportive "Domestic releases have been