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In focus today In the euro area, we receive data on credit growth for July. Growth has picked up significantly this year in a sign of the easing monetary policy working though the economy. Yet, most recently credit growth has lost some momentum, and it will be interesting to see if that continued in July. … Read more

Nvidia revealed its Q2 results yesterday after the closing bell and the numbers were, again, very impressive. The company made $46.7bn in revenue last quarter, broadly in line with expectations – and that without selling any H20 chips to China due to export restrictions. The profit margin climbed back above the 70% mark, and the … Read more

Markets Markets continued digesting this week’s mainly political event risk coming from the US and France. The US yield curve bull steepened with yields around 5 bps lower at the front end of the curve and broadly flat at the very long end. Apart from Fed Powell’s dovish pivot in Jackson Hole, markets start pricing … Read more

The short-term Elliott Wave outlook for Gold (XAUUSD) indicates a sustained upward impulse from the July 31, 2025 low. The rally began with wave 1 peaking at 3409.4, followed by a wave 2 pullback concluding at 3311.26. This wave 2 correction formed a double three Elliott Wave pattern. Specifically, wave ((w)) declined to 3340.81, wave … Read more

The major European currencies held their ground near key levels on Thursday. Following Jerome Powell’s dovish remarks at the Jackson Hole symposium, the US dollar first fell sharply, then corrected higher on Monday, only to weaken again by midweek. Market reaction, however, remains uncertain: investors have yet to form a consensus on whether the dollar’s … Read more

The EUR/USD pair today is moving under the influence of several factors: Donald Trump’s decision to dismiss Lisa Cook, a member of the Federal Reserve Board of Governors, raising concerns over the Fed’s independence; expectations of a Fed rate cut in September; anticipation of US GDP and jobless claims data (due today at 15:30 GMT+3); … Read more

The GBP/USD pair advanced to 1.3509 on Thursday. The primary catalyst for traders was the latest UK Producer Price Index (PPI) data. UK producer inflation accelerated to a two-year high, reaching 1.9% year-on-year (y/y) in June. This follows a previous report showing that consumer price inflation (CPI) rose to 3.8% y/y in July, an 18-month … Read more

Currency markets were largely subdued in Asian session, with majors holding tight ranges despite some volatility in equities. U.S. stocks attempted a rebound overnight but momentum was weak, while Asian bourses traded softer. The absence of major economic data left political and policy headlines to set the tone. At the center of focus remains the … Read more

Dollar firmed again today in what remains a subdued week for markets, with no top-tier European economic data releases so far and little central bank commentary on the docket. The summer lull has left trading ranges tight, and with nothing scheduled during the US session, conditions are expected to remain muted. For the week so … Read more

U.S. equities closed higher overnight, but Asian markets turned mixed on Thursday as risk sentiment remained muted. Nvidia’s stronger-than-expected earnings beat on both revenue and profit dominated headlines but failed to deliver a sustained boost to risk appetite. In currency markets, Dollar softened as this week’s rebound lost steam. Overall trading remained subdued with no … Read more