Daily Brief
Wednesday, 15 July 2026
Market snapshot · last 24h
Gold -0.92%
$4,032.3
Nasdaq +0.83%
30,037
EUR/USD +0.18%
1.1446
Bitcoin -0.06%
$64,934
Likely market impact typical directional bias under each outcome · not a forecast
rises little change falls
Today 13:30 8:30AM ET US

Core PPI m/m

also covers: PPI m/m
Better than expectedAs expectedWorse than expected
DXY
EUR/USD
GBP/USD
XAU/USD
NQ
  • DXY A stronger-than-expected Core PPI suggests higher inflation, which can lead to expectations of tighter US monetary policy, strengthening the US dollar.
  • EUR/USD If the US dollar strengthens due to higher-than-expected Core PPI, the euro tends to weaken against it.
  • GBP/USD A stronger US dollar from higher-than-expected Core PPI typically leads to a weaker British pound against the dollar.
  • XAU/USD Gold tends to weaken when the US dollar strengthens, and rallies when real US rates fall.
  • NQ Higher-than-expected Core PPI can lead to expectations of tighter monetary policy, which may negatively impact US equities.
Today 15:00 10:00AM ET US

Fed Chairman Warsh Testifies

Better than expectedAs expectedWorse than expected
DXY
EUR/USD
GBP/USD
XAU/USD
NQ
BTC/USD
  • DXY A tougher tone from the Fed Chairman can lead to expectations of tighter US monetary policy, strengthening the US dollar.
  • EUR/USD If the US dollar strengthens due to a tougher tone from the Fed Chairman, the euro tends to weaken against it.
  • GBP/USD A stronger US dollar from a tougher tone by the Fed Chairman typically leads to a weaker British pound against the dollar.
  • XAU/USD Gold tends to weaken when the US dollar strengthens, and rallies when real US rates fall.
  • NQ A tougher tone from the Fed Chairman can lead to expectations of tighter monetary policy, which may negatively impact US equities.
  • BTC/USD Cryptocurrencies like Bitcoin may weaken if the US dollar strengthens due to expectations of tighter monetary policy.

Market Brief for July 15, 2026

Today's market activity is shaped by a mix of economic data releases and corporate news. Key economic indicators from the U.S. are on the horizon, while global markets react to recent developments in inflation and corporate earnings.

What's on the calendar

Today, investors are closely watching the U.S. Producer Price Index (PPI) data, which is set to be released at 12:30 PM UTC. The Core PPI, which excludes food and energy, is forecasted to rise by 0.3%, slightly down from the previous month's 0.4%. The overall PPI is expected to remain flat, a significant drop from the previous 1.1% increase. Additionally, Federal Reserve Chairman Kevin Warsh is scheduled to testify at 2:00 PM UTC, which could provide further insights into the central bank's monetary policy direction.

What's moving

In Asia, Taiwan's stock market closed lower, with the Taiwan Weighted Index down by 1.42%. This decline comes amid broader market reactions to softer U.S. inflation data, which has influenced currency movements. The U.S. Dollar has been underperforming against major currencies as traders adjust their expectations for future interest rate hikes by the Federal Reserve. Meanwhile, the Euro has gained against the British Pound, buoyed by rising oil prices that have reignited inflation concerns and increased expectations for rate hikes by the European Central Bank.

Bottom line

Today's market focus is on U.S. economic data and Federal Reserve commentary, which could influence future interest rate expectations. Global markets are also reacting to recent inflation data, impacting currency and stock movements.

This brief is a snapshot of public commentary at the time of writing — not financial advice.