USD/CAD slipped below 1.3750 amid waning chances of a July BoC rate cut. Strong Canadian employment data and steady inflation have reduced market expectations for further easing, while modest US dollar softness adds pressure. Investors await fresh economic data to clarify the next move.
ASX is set for a lower open following Wall Street’s mixed signals and concerns over global growth. Rio Tinto reported record iron ore output in Pilbara, driven by automation and efficiency gains, but shares fell amid softening iron ore prices and uncertain Chinese demand. Investors await how these dynamics will shape commodity markets and earnings ahead.
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Original article: https://www.ig.com/en-ch/news-and-trade-ideas/test3-250715
EUR/USD recovers from recent lows as markets await key U.S. CPI inflation data and potential tariff announcements. Traders weigh mixed Fed signals, trade tensions, and Eurozone stabilization amid cautious optimism shaping near-term currency movements. More details in analysis originally from FXStreet.
Elliott Wave update on S&P 500 (July 16, 2025): The index may have completed a five-wave impulse from the March 2020 low, signaling a major cycle top. Technical signals point to a potential deep corrective phase ahead, possibly lasting months or years. Investors should prepare for heightened volatility and trend reversal. Full analysis from Ewminteractive.com. #ElliottWave #SP500 #MarketAnalysis
USD/CAD consolidates below key resistance near 1.3750 as markets weigh BoC’s cautious stance against Fed’s hawkish signals. Oil prices steady above $80/barrel support the loonie, but persistent U.S. economic strength keeps the dollar on firm footing. Watch inflation and jobs data from both sides for clues on the next move.
ASX set to open lower, following Wall Street’s mixed lead as tech shares rally behind Nvidia and AI optimism. Investors focus on Federal Reserve signals and Jerome Powell’s comments ahead of key economic data, with interest rate cut speculation intensifying. Markets remain cautious amid resource and banking sector pressure.
— Credit: Sarah Turner, Australian Financial Review
GBP/USD drops to multi-week lows amid rising UK inflation fears and Fed’s hawkish stance. Renewed US-UK tariff tensions and risk-off sentiment deepen pressure on sterling, signaling potential for further declines. Markets watch BoE’s next move closely as sterling breaks critical support levels.
EUR/USD remains subdued below 1.1700 as traders await clarity from US-EU trade talks amid scarce economic data and cautious market sentiment. The pair consolidates within a narrow range, pressured by moderate US dollar demand and geopolitical uncertainties. More updates expected soon. #FXStreet
The Elliott Wave update from EWM Interactive (July 16, 2025) signals the S&P 500 may have completed a decade-long five-wave impulse cycle post-COVID rally. Bearish divergences and technical exhaustion hint at an imminent larger corrective phase, potentially an A-B-C pattern ahead. Stay informed.
Read more: https://ewminteractive.com/elliott-wave-update-sp500-july-16th-2025
