International News 30 July 2025
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Key Economic Events Driving Forex Volatility on Wednesday, July 30, 2025
Wednesday, July 30, 2025, is packed with high-impact economic data releases that are expected to influence the major forex currency pairs, including USD, EUR, GBP, JPY, AUD, CAD, NZD, and CHF. From the United States, traders will closely watch the Core PCE Price Index and Q2 GDP data at 19:30 WIB—critical indicators of inflation and economic growth that may shape future Federal Reserve policy. Additionally, the ADP Nonfarm Employment report at 19:15 WIB and multiple housing and crude oil inventory reports throughout the day will provide deeper insight into the U.S. economy and may lead to significant USD volatility. Canada is also under the spotlight, with the Bank of Canada set to release its latest monetary policy report and interest rate decision at 20:45 WIB. These announcements are likely to drive movement in the CAD, particularly USD/CAD pairs. In the Eurozone, a series of confidence and sentiment surveys, along with GDP figures, will offer guidance on the region’s economic outlook, potentially impacting the EUR. Australia’s Q2 CPI at 08:30 WIB, New Zealand’s ANZ Business Confidence data, and Swiss indicators like the KOF Leading Index and ZEW Expectations are also on the radar. With no major releases expected from Japan and the UK, traders are advised to focus on North American and European data and manage risk carefully amid expected market volatility.
Oil Prices Surge Over 3% Amid Geopolitical Tensions and Trade Optimism
Oil prices surged more than 3% on Tuesday, as heightened geopolitical tensions and signs of easing trade disputes boosted market sentiment. Brent crude for September delivery rose $2.47 (3.53%) to $72.51 per barrel, while WTI crude climbed $2.50 (3.75%) to $69.21 per barrel—both reaching their highest levels since June 20. The rally followed remarks from U.S. President Donald Trump, who announced a 10-day ultimatum for Russia to make progress in ending its war on Ukraine or face new tariffs and penalties. In parallel, Treasury Secretary Scott Bessent warned China of possible secondary sanctions if it continues importing Russian oil, further escalating pressure on global supply channels. Meanwhile, hopes for de-escalation in trade tensions between the U.S. and its key partners also lifted oil markets. A trade agreement between the U.S. and the EU, though still imposing a 15% tariff on many goods, helped avert a broader trade war and included a pledge for the EU to purchase $750 billion worth of U.S. energy over the next three years. Additionally, American Petroleum Institute (API) data showed a 1.54 million barrel rise in U.S. crude inventories, while investors awaited the Federal Reserve’s policy meeting outcome, with expectations of steady rates and potential dovish signals amid cooling inflation.