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Lido DAO Price Forecast: LDO extends rally as bulls eye further 10% upside
Lido DAO (LDO) extends a four-day rally with nearly 4% gains on Thursday, emerging as a top performer so far this week.
Thu, Jul 16
US Dollar: Disinflation meets Oil – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that softer United States (US) inflation data has reduced expectations of near-term Fed tightening, weighing on front-end US yields and the US Dollar (USD) while supporting risk-sensitive assets.
Thu, Jul 16
Canadian Dollar weakens as traders brace for US Retail Sales data
The USD/CAD pair recovers some lost ground to around 1.4045, snapping the seven-day losing streak during the early European session on Thursday. Markets turn cautious amid heightened tensions in the Middle East and ahead of the US June Retail Sales data later on Thursday.
Thu, Jul 16
Forex Today: Majors stabilize as USD selloff loses steam
Here is what you need to know on Thursday, July 16:
Thu, Jul 16
New Zealand Dollar holds gains around 0.5850, favoured by a softer US Dollar
The New Zealand Dollar (NZD) has retraced previous losses and extends gains for the third consecutive day against the US Dollar (USD) on Thursday. The NZD/USD pair has reached the 0.5850 area, supported by a weakening Greenback, as markets dial down hopes of a Federal Reserve rate hike in July.
Thu, Jul 16
India: Semiconductor push and INR funding dynamics – Commerzbank
Commerzbank’s economists highlight India’s new USD13.3bn India Semiconductor Mission 2.0, aimed at building a full-stack semiconductor ecosystem, though they judge near-term growth impact as limited.
Thu, Jul 16
Oil: Physical market tightens with Persian Gulf risks – ING
ING analysts Warren Patterson and Ewa Manthey note Oil prices have extended gains as US–Iran tensions escalate and tanker flows through the Strait of Hormuz remain under pressure. Large second-quarter inventory drawdowns and the imminent end of global SPR releases leave the market more exposed.
Thu, Jul 16
Silver Price Forecast: XAG/USD tumbles to near $57 as inflation projections remain de-anchored
Silver price (XAG/USD) trades 1.33% lower to near $58.00 during the European trading session on Thursday. The white metal faces selling pressure as elevated energy prices due to renewed aggression between the United States (US) and Iran have de-anchored inflation expectations again.
Thu, Jul 16
British Pound remains muted as UK monthly GDP rises 0.1%, as expected
The British Pound (GBP) remains almost muted against its major currency peers after the release of the monthly United Kingdom (UK) Gross Domestic Product (GDP) data for May.
Thu, Jul 16
Euro: Bullish bias builds above key support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken above prior resistance, with rapid gains seen up to 1.1482. Intraday, the pair is seen capable of testing 1.1490 while staying below significant resistance at 1.1520.
Thu, Jul 16
USD/JPY Price Forecast: Dollar eases to 162.00, forming a triangle pattern
The US Dollar (USD) holds marginal losses against the Japanese Yen (JPY) at Thursday’s European session opening, and approaches the 162.00 area at the time of writing. Recent price action shows a sequence of lower highs and higher lows, forming a triangle pattern.
Thu, Jul 16
Euro remains firm against British Pound after UK growth data
The EUR/GBP cross holds positive ground near 0.8475 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the Euro (EUR) following the UK economic data.
Thu, Jul 16
United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B
United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B
Thu, Jul 16
United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)
United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)
Thu, Jul 16
United Kingdom GDP grows by 0.1% MoM in May, as expected
The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
Thu, Jul 16
United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May
United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May
Thu, Jul 16
United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B
United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B
Thu, Jul 16
United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)
United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)
Thu, Jul 16
United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)
United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)
Thu, Jul 16
United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)
United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)
Thu, Jul 16
