Giuseppe Dellamotta
Italy July preliminary CPI (HICP) +1.7% vs +1.6% y/y expected
- Latest data released by Istat - 31 July 2025
Japanese Yen weakens across the board as Governor Ueda downplays inflation risk
- Lack of concern on inflation and FX rate pushed the JPY into new lows
Gold Technical Analysis – Hawkish repricing in rates expectations weighs on the market
- Gold extended the losses as we got further hawkish repricing in interest rates expectations on strong US data and less dovish than expected FOMC. What’s next?
What are the main events for today?
- The highlights include the Franch and German inflation figures, the Canadian GDP, the US PCE, the US ECI the US Jobless Claims data
US June pending home sales -0.8% vs +0.3% expected
- Pending US home sales for June 2025
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