Policy

31 July 2026
Portugal’s July CPI Eases to 3.0%, Bolstering Bets on ECB Autumn Rate Cuts

Portugal inflation eased to 3% in July, boosting dovish ECB rate-cut bets, bonds, and euro shorts.

31 July 2026
BoE holds Bank Rate at 3.75% as Bailey downplays hike odds; markets reprice September increase

BoE holds Bank Rate at 3.75%; dovish split curbs hike bets, favoring SONIA longs, gilts, GBP puts, oil hedges.

31 July 2026
AUD/USD Hits Mid-June High as RBA Tightening Bets Offset Softer US Data, Geopolitical Risks

AUD/USD hits 0.7035 on RBA hike bets, weak US GDP; Middle East tensions may strengthen dollar.

31 July 2026
Norway’s credit growth eases to 4.4% in June, bolstering rate-cut expectations at Norges Bank

Norway’s credit indicator slipped to 4.4% in June, signaling slowing credit demand and a potential dovish shift.

31 July 2026
Singapore Q2 Unemployment Holds at 2%, Reinforcing Tight Labour Market and Supporting SGD Outlook

Singapore’s Q2 unemployment held at 2%, signaling tight labour, supporting SGD strength and higher SORA rates.

31 July 2026
Japan June Retail Sales Slump Hits Dovish Bets, Weighing on Yen and Supporting JGBs

Japan retail sales plunged 4.1% in June, pressuring BOJ tightening hopes, weakening yen; trades: long USD/JPY.

31 July 2026
Japan Industrial Output Rebounds in June, Bolstering BOJ Tightening Bets and Yen Strength Outlook

Japan’s industrial production jumped 4.25% in June, boosting BoJ hike odds, sparking yen strength and volatility.

31 July 2026
Tokyo Core-Core Inflation Rises to 2% in July, Fueling Bank of Japan Rate-Hike Bets

Tokyo core-core CPI hit 2% in July, boosting BOJ hike odds; yen up, JGBs and Nikkei pressured.

31 July 2026
Japan Jobless Rate Holds at 2.5%, Keeping Bank of Japan on Course for Policy Normalisation

Japan’s unemployment stayed at 2.5% in June, supporting BoJ normalization and fueling bearish JGB, stronger yen trades.

31 July 2026
Fed holds rates as three dissent, long maturities sell off amid quieter guidance and balance sheet rise

Fed holds rates despite dissent; Warsh’s sparse guidance, rising yields and balance-sheet growth fuel volatility strategies.

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