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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 30 minutes ago
Sydney Tokyo London New York
30stories, 24h 31vetted sources Economic calendarnext high impact
Thursday, Jul 16
13:01 Event recap USD

Core Retail Sales m/m comes in at -0.2% against 0.6% consensus

USD Core Retail Sales for July came in significantly below expectations. The market reaction saw varied movements across USD pairs.
13:01 Event recap USD

Retail Sales m/m comes in at 0.2% against -0.2% consensus

US Retail Sales for July exceeded expectations, posting a 0.2% increase. Market reactions were mixed across currency pairs.
13:01 Event recap USD

Philadelphia Fed Employment comes in at 10 against -7.5 consensus

The Philadelphia Fed Employment index registered 10, significantly above the -7.5 consensus. The US Dollar saw varied movement against major pairs in the immediate aftermath.
13:00 Event recap USD

Philadelphia Fed Manufacturing Index comes in at 41.4 against 10.3 consensus

The Philadelphia Fed Manufacturing Index for July 2026 printed at 41.4, significantly exceeding expectations. Initial market reactions show varied movements across major pairs.
13:00 Event recap USD

Unemployment Claims comes in at 215K against 222K consensus

US Unemployment Claims registered 215K, below the 222K consensus. Initial market reaction saw USD strengthen against several majors.
12:47 story USD

US Initial Jobless Claims Decline to 208,000, Surpassing Forecasts

First-time applications for U.S. unemployment benefits unexpectedly fell to 208,000 last week, significantly below economists' expectations and signaling continued labor market stability.
12:45 Event recap CAD

CMHC Housing Starts comes in at 238.971K against 259.178K consensus

Canada's CMHC Housing Starts for July 2026 missed consensus expectations. The actual figure was 238.971K, below the 259.178K forecast.
12:30 Event recap BRL

Retail Sales y/y (BRL) comes in at 0.4% against 1.8% consensus

Brazil's Retail Sales year over year came in at 0.4%, significantly below the 1.8% consensus. USDBRL reacted with a notable move.
12:30 Event recap BRL

Retail Sales m/m (BRL) comes in at 0.1% against -0.5% consensus

Brazil's Retail Sales m/m registered 0.1%, exceeding the consensus forecast. USDBRL moved significantly after the data release.
12:30 Daily brief BRL

New York Open Briefing: Thursday, July 16, 2026

New York Open Briefing: Equities decline, USD weakest, with Fed Governor speech and US retail inventories ahead.
09:30 Event recap EUR

Trade Balance n.s.a. (EUR) comes in at -7.8B against 6.3B consensus

Eurozone's unadjusted Trade Balance reported at -7.8B, significantly missing the 6.3B consensus. EUR pairs showed generally small reactions in the initial 15 minutes.
09:30 Event recap EUR

EUR Trade Balance comes in at -5B against 8.4B consensus

The latest Eurozone Trade Balance was reported at -5B, significantly missing the 8.4B consensus. The Euro's market reaction was generally muted.
07:33 story GBP

UK Economy Grows 0.1% in May, Offsetting April Decline Amid Resilience

The UK economy expanded by **0.1%** in **May**, driven by the **services sector** and surpassing some analyst forecasts for a flat reading, demonstrating resilience despite geopolitical...
07:30 Daily brief BRL

London Open Briefing: Thursday, July 16, 2026

London Open Briefing: Asian session saw JP225 decline, while USDCHF gained. Key data ahead includes EUR Trade Balance and US Philadelphia Fed Manufacturing Index.
06:00 Event preview EUR

CPI y/y (EUR) preview: Eurozone inflation data due

The Eurozone's annual Consumer Price Index data is set for release, with market consensus matching the previous reading at 3%. This high-impact event often generates notable...
06:00 Event preview USD

Philadelphia Fed Manufacturing Index preview: Consensus matches previous reading

The Philadelphia Fed Manufacturing Index is due on July 16, with market consensus at 10.3, matching the prior month's reading. This high-impact USD release offers insight...
05:34 story BRL

US Imposes 25% Tariffs on Select Brazilian Imports Effective July 22

The United States will implement **25% tariffs** on certain Brazilian goods starting **July 22**, citing unfair trade practices following a yearlong investigation.
01:31 story KRW

Bank of Korea Raises Benchmark Rate to 2.75% Amid Inflation and Won Weakness

The Bank of Korea increased its benchmark interest rate by 25 basis points to 2.75% on Thursday, a move widely anticipated by analysts.
Wednesday, Jul 15
21:47 story CAD

Bank of Canada Holds Key Rate at 2.25% Amid Improving Economic Outlook and Fading Inflation

The Bank of Canada maintained its benchmark interest rate at 2.25% for the sixth consecutive meeting, citing signs of economic improvement and an expectation for inflation...
21:30 Daily brief BRL

Sydney Open Briefing: Thursday, July 16, 2026

Sydney opens with GBP strength, USD weakness, and declining equities. BRL FX flows surprised positively. UK GDP m/m and BOK meeting are key events ahead.