Forex Analysis

DAX completes wave 4 at 24,651 and confirms wave 5 uptrend. Initial target is 26,702 with room for further gains.

Interactive Brokers users reported login failures during US trading hours on Wednesday. The company later confirmed a technical issue affected a fraction of cli

Euro area inflation came in hotter than expected in July, keeping pressure on the ECB. A suspected second round of yen intervention rattled USD/JPY during the s

BNY expects the Fed to hold rates in July but flags September as likely. Inflation data and Middle East energy risks are key drivers.

Commerzbank expects Russia's CBR to hold its key rate at 14.25%. Rising inflation and commodity prices make easing difficult to justify.

Iran says it has received proposals from several mediators for resumed negotiations, though key red lines on both sides remain firmly in place.

TSMC holds a dominant position in AI chip manufacturing. Elliott Wave analysis points to a $700 price target within the Grand Super Cycle.

The PBOC sets its daily USD/CNY midpoint at 0115 GMT, a key signal for Asian FX markets. The yuan trades within a 2% band around this rate.

Japan's producer inflation surged 7.4% year-on-year in June, beating forecasts. Energy costs, AI demand, and a weak Yen drove the acceleration.

Eurozone retail sales matched expectations with a 0.2% monthly gain in May. Food, drinks and tobacco led growth while automotive fuel dragged.

The CFTC fined offshore firms Netrios and Red Acre a combined $2.5 million for facilitating unregistered off-exchange trades for US retail clients.