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Market News

Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

Updated 23 minutes ago

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11stories, 24h 31vetted sources Economic calendarnext high impact

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Currency

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Wednesday, Aug 5

21:30 Daily brief AUD

Sydney Open Briefing: Thursday, August 6, 2026

Sydney Open Briefing: Global equities declined amid a risk-off tone. Traders await Australia's Trade Balance data. 20:46 story USD

Fed Governor Cook Signals Readiness for Rate Hike Amid Persistent Inflation Concerns

Federal Reserve Governor Lisa Cook indicated readiness to raise interest rates if inflation does not cool, contributing to a hawkish sentiment among some Fed officials. 15:32 story USD

US Services Sector Expands Marginally in July, Missing Forecasts Amid Hiring Concerns

The U.S. services sector saw a slight expansion in July, with the ISM Services PMI rising to **54.1**, though this figure fell short of market expectations. 15:17 story USD

Minneapolis Fed’s Kashkari Advocates Gradual Rate Hikes to Combat Inflation

Minneapolis Federal Reserve President Neel Kashkari called for immediate, gradual interest rate increases to address persistent inflation, suggesting a potential start in September. 15:00 Event recap USD

EIA Cushing Crude Oil Stocks Change comes in at 2.356M against 0.417M consensus

EIA Cushing Crude Oil Stocks Change significantly exceeded expectations at 2.356M. Initial market reactions have been relatively small compared to historical averages. 15:00 Event recap USD

EIA Crude Oil Stocks Change comes in at 2.479M against -1.257M consensus

EIA Crude Oil Stocks Change rose by 2.479M barrels, significantly above the -1.257M consensus. Initial market reaction was relatively subdued for most pairs. 14:30 Event recap USD

ISM Non-Manufacturing Prices Paid comes in at 70.3 against 62 consensus

The latest ISM Non-Manufacturing Prices Paid index for the US registered 70.3, exceeding the 62 consensus. Markets saw varied reactions in the immediate aftermath. 14:30 Event recap USD

ISM Non-Manufacturing Employment comes in at 47.4 against 51.9 consensus

The US ISM Non-Manufacturing Employment index fell to 47.4, missing consensus. Initial market reactions show varied moves across major currency pairs and gold. 14:30 Event recap USD

ISM Non-Manufacturing PMI comes in at 54.1 against 54.3 consensus

The ISM Non-Manufacturing PMI for August 2026 printed at 54.1, below the 54.3 consensus. The US Dollar saw varied movements against major pairs following the release. 14:15 Event recap USD

S&P Global Composite PMI comes in at 53.6 against 53 consensus

The S&P Global Composite PMI for the USD was released at 53.6, exceeding the consensus of 53. Initial market reactions show varied movements across major pairs. 14:15 Event recap USD

S&P Global Services PMI comes in at 54.6 against 52.7 consensus

The S&P Global Services PMI for the United States was released today, printing at 54.6. This figure exceeded the consensus expectation of 52.7. 12:45 Event recap USD

ADP Nonfarm Employment Change comes in at 44K against -12K consensus

The ADP Nonfarm Employment Change reported an increase of 44K, significantly exceeding the -12K consensus. Early market reactions show varied movements across USD pairs. 12:32 story USD

US Private Sector Job Growth Slows Considerably in July, ADP Reports

The US private sector added significantly fewer jobs than expected in July, signaling a notable slowdown in hiring momentum. 12:30 Daily brief EUR

New York Open Briefing: Wednesday, August 5, 2026

New York forex traders prepare for key US services data after a significant ADP employment surprise. Gold and Japanese equities saw gains, while German stocks declined. 10:48 story CZK

Czech Inflation Accelerates to 1.7% in July, Reinforcing Rate Hold Expectations

Czech Republic's consumer price inflation rose to 1.7% in July, aligning with market expectations and strengthening views that the central bank will keep rates on hold. 10:15 Event recap EUR

Germany 10-Year Bond Auction comes in at 3.01%

Germany's 10-Year Bond Auction yield was reported at 3.01%, down from the previous 3.13%. The Euro showed limited movement against major pairs in the initial 15... 09:00 Event recap GBP

S&P Global/CIPS Composite PMI comes in at 52.2

The S&P Global/CIPS Composite PMI for the UK was released at 52.2. Initial market reaction shows limited movement across major GBP pairs. 09:00 Event recap GBP

S&P Global/CIPS Services PMI comes in at 52.1 against 51.8 consensus

The S&P Global/CIPS Services PMI for the UK was released, showing a reading of 52.1. This figure came in slightly above the market consensus. 08:30 Event recap EUR

S&P Global Services PMI (EUR) comes in at 51.7 against 51.6 consensus

The Eurozone S&P Global Services PMI printed at 51.7, slightly above the 51.6 consensus. EUR pairs showed varied, generally modest reactions. 08:30 Event recap EUR

S&P Global Composite PMI (EUR) comes in at 52 against 51.9 consensus

The Eurozone S&P Global Composite PMI printed at **52**, slightly above the **51.9** consensus. Initial market reaction saw varied moves across EUR pairs. 08:30 Event recap EUR

Germany Services PMI comes in at 49.8 against 49.6 consensus

Germany's S&P Global Services PMI printed at 49.8, slightly above the 49.6 consensus. Initial market reaction in EUR pairs has been limited compared to historical moves. 08:15 Event recap EUR

France S&P Global Services PMI comes in at 49.6 against 49.8 consensus

France's S&P Global Services PMI registered 49.6, falling short of the 49.8 consensus. Initial market reaction shows limited movement across major EUR pairs. 08:15 Event recap EUR

Italy S&P Global Services PMI comes in at 52.5 against 50.8 consensus

Italy's S&P Global Services PMI for August was reported at 52.5, exceeding the consensus of 50.8. Initial market reactions in EUR pairs were varied. 07:45 Event recap EUR

Spain S&P Global Composite PMI comes in at 56.5

Spain's S&P Global Composite PMI was released at **56.5**, up from the previous **53.3**. Initial market reaction saw varied movements for the euro. 07:45 Event recap EUR

Spain Services PMI comes in at 58.3 against 52.2 consensus

Spain's S&P Global Services PMI for August 2026 was reported at 58.3, significantly exceeding the consensus estimate of 52.2. Initial market reactions show varied movements across... 07:30 Daily brief EUR

London Open Briefing: Wednesday, August 5, 2026

London opens with XAUUSD and JP225 gains, while NZDUSD dips. Eurozone PMIs surprise positively, with key US employment and services data ahead. 06:01 Event preview USD

EIA Crude Oil Stocks Change preview: Consensus points to smaller inventory draw

Traders await the EIA Crude Oil Stocks Change on August 5, 2026, at 14:30 UTC. The market consensus forecasts a significantly smaller inventory draw compared to... 06:01 Event preview USD

ISM Non-Manufacturing Prices Paid preview: Consensus points to easing price growth

The upcoming ISM Non-Manufacturing Prices Paid report is expected to show a moderation in service sector inflation pressures. This high-impact release often triggers significant movements in... 06:00 Event preview USD

ISM Non-Manufacturing PMI preview: Consensus points to slight improvement

The upcoming ISM Non-Manufacturing PMI for August 2026 is expected to show a slight increase from the previous month. This high-impact release often leads to significant... 06:00 Event preview USD

S&P Global Services PMI preview: Market anticipates growth acceleration

The upcoming S&P Global Services PMI for the US is expected to show an acceleration in growth, with market consensus at 52.7. This high-impact release provides... 06:00 Event preview USD

ADP Nonfarm Employment Change preview: Consensus points to job contraction

Ahead of the August 5 ADP Nonfarm Employment Change, market consensus forecasts a contraction of 12,000 jobs, a notable shift from the previous 98,000 gain. 02:15 Event recap CNY

Caixin Composite PMI comes in at 50.8

China's Caixin Composite PMI was released at 50.8. USDCNH reacted with a move of -7.8 pips after 15 minutes. 02:15 Event recap CNY

Caixin Services PMI comes in at 50.4 against 53.9 consensus

China's Caixin Services PMI was reported at 50.4, missing the 53.9 consensus. USDCNH saw a move of -7.8 pips after 15 minutes. 01:00 Event recap JPY

au Jibun Bank Services PMI comes in at 51.2 against 52.6 consensus

Japan's au Jibun Bank Services PMI printed at 51.2, missing the 52.6 consensus. Initial market reaction saw varied, relatively small moves for JPY pairs. 00:46 story USD

Kansas City Fed President Schmid Calls for Tighter Policy Amid Persistent Inflation Concerns

Federal Reserve Bank of Kansas City President Jeff Schmid stated that tighter monetary policy is necessary to achieve the Fed's 2% inflation target, viewing current policy... 00:31 story INR

RBI Holds Benchmark Rate at 5.25% for Fifth Consecutive Review Amidst Inflation Watch

The Reserve Bank of India (RBI) has confirmed market expectations by maintaining its benchmark interest rate at **5.25%** for the **fifth consecutive review**. The central bank...

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