Marketwatch EU & UK

Daily Insights
July 26, 2024

  • The US Dollar Index is holding just above the 104 level ahead of today’s US Core PCE, poised to finish the week gaining as little as 0.1%.
  • In Japan, inflation has accelerated for a third month in July, opening the doors to a possible interest rate hike at next week’s Bank of Japan meeting. The currency continues to gain ground versus the greenback, currently trading just below 154.
  • The euro continues to trade mid 1.08-1.09 with little data coming out of the region today that could potentially move us from this range. France and Italy consumer confidence are due to be released today but the focus for the pair remains on the Fed’s preferred inflation gauge.
  • Cable trades below 1.29, and it looks like it is set to finish the week around these levels – mid 1.28-1.29.

Economic Calendar

:
EUR - Spanish Unemployment Rate
:
USD - Core PCE Price Index m/m
:
USD - Personal Income m/m
:
USD - Personal Spending m/m
:
USD - Revised UoM Consumer Sentiment
:
USD - Revised UoM Inflation Expectations
:
All - G20 Meetings

Market Indicators

Currency Pairs
Pair High Low
eur/gbp 0.84432 0.84395
gbp/usd 1.28655 1.28539
gbp/aud 1.96558 1.96127
gbp/nzd 2.18582 2.18177
usd/jpy 154.146 153.383
eur/usd 1.08606 1.08513
gbp/jpy 198.181 197.227
eur/cnh 7.87927 7.8533
usd/cnh 7.25781 7.23792
Equities and Commodities
Nasdaq 100 18977.2
DOW 40147
S&P 500 5435.34
BRENT CRUDE 82.47
WTI 78.44
GOLD 2369.01

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.