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Gold Price Forecast: XAU/USD rebounds above $4,000 with US CPI in focus
Gold price (XAU/USD) is up 0.5% to near $4,020 during the European trading session on Tuesday. The precious metal gains as the US Dollar (USD) corrects ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Tue, Jul 14
Curve DAO Price Forecast: CRV tests breakout rally as bulls target over 15% upside
Curve DAO (CRV) price is up 4% on Tuesday, extending its 3% gains from the previous day to emerge as the best-performing altcoin over the last 24 hours.
Tue, Jul 14
Japanese Yen: Domestic savings shift aids JGBs and JPY – MUFG
MUFG’s Lee Hardman notes Japanese government bond yields have fallen despite higher global yields, with Japanese Government Bonds (JGBs) supported by verbal intervention from policymakers.
Tue, Jul 14
United States NFIB Business Optimism Index came in at 97.4, above forecasts (95.8) in June
United States NFIB Business Optimism Index came in at 97.4, above forecasts (95.8) in June
Tue, Jul 14
GBP/USD Price Forecast: Pound holds above 1.3350 with the 200-day SMA capping gains
The British Pound (GBP) appreciates against the US Dollar (USD) on Tuesday to trim previous losses and return to the 1.3375 area, aiming to retest resistance at the key 200-day Simple Moving Average (SMA).
Tue, Jul 14
US Dollar: Tailwinds build as oil and Fed reprice – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note the US Dollar (USD) has strengthened broadly on higher Oil prices, hawkish Federal Reserve (Fed) rhetoric and softer risk sentiment.
Tue, Jul 14
New Zealand Dollar: Gulf re-escalation favours Kiwi outperformance – ING
ING strategist Francesco Pesole notes that the New Zealand Dollar is the best-performing G10 currency since early week, boosted by last week’s RBNZ rate hike and hawkish repricing. He says FX markets are rewarding currencies with scope for further domestic tightening, beyond commodity exposure.
Tue, Jul 14
Fed: Guidance, reaction function and rates – BNY
BNY Markets strategists John Velis and David Tam discuss new Federal Reserve (Fed) task forces and focus on the Communications group led by Mervyn King, Arminio Fraga and Peter Fisher.
Tue, Jul 14
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $58.08 per troy ounce, up 0.76% from the $57.65 it cost on Monday.
Tue, Jul 14
Oil: Hormuz risk repricing lifts prices – Rabobank
Rabobank's Michael Every highlights a sharp Oil rally ahead of United States (US) Consumer Price Index (CPI) and Fed Chair Warsh’s testimony, with prices jumping 9% and then another 2.5% to $85.
Tue, Jul 14
Silver Price Forecast: XAG/USD holds above $58.00 despite ongoing bearish bias
XAG/USD gains ground after two days of losses, trading around $58.10 per troy ounce during the European hours on Tuesday. The technical analysis of the daily chart shows that the spot price is remaining within the descending channel pattern.
Tue, Jul 14
Indian Rupee: Oil rebound clouds INR gains against US Dollar – DBS
DBS Group Research economist Radhika Rao notes India’s onshore markets are closely watching global geopolitical risks as Oil prices rebound.
Tue, Jul 14
Turkish Lira: Structural external gaps keep TRY under pressure – Commerzbank
Commerzbank’s Tatha Ghose highlights that Turkey’s current-account deficit widened in May and remains structurally driven by savings-investment imbalances. Portfolio inflows are muted, with May showing renewed outflows and signs of capital flight.
Tue, Jul 14
BoE’s Bailey: Resumption of hostilities in Gulf underlines instability going forward
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that the “resumption of hostilities in the Gulf underlines instability going forward.”
Tue, Jul 14
Bitcoin Price Forecast: Geopolitical tensions, ETF outflows keep BTC under pressure
Bitcoin (BTC) remains under pressure, trading at $62,600 on Tuesday after slipping over 2% in the previous day. The bearish bias is further fueled by renewed geopolitical tensions between the US and Iran, which have dampened risk appetite.
Tue, Jul 14
USD/JPY Price Forecast: Slides to 162.00 as constructive setup favors bulls before US CPI
The USD/JPY pair remains on the back foot through the first half of the European session on Tuesday. Intervention risks support the Japanese Yen (JPY) and act as a headwind for spot prices amid a softer US Dollar (USD).
Tue, Jul 14
US Dollar Index: DXY could reach 102 as Gulf tensions persist - ING
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that higher Crude and Gulf tensions are not yet fully priced, leaving short-term upside risks for the US Dollar (USD).
Tue, Jul 14
New Zealand Dollar holds gains near 0.5800, unfazed by risk aversion
The New Zealand Dollar (NZD) appreciates against the US Dollar (USD) on Tuesday, hardly affected by the risk-averse scenario.
Tue, Jul 14
Euro declines against Canadian Dollar as oil prices rise
EUR/CAD extends its losing streak for the third consecutive day, trading around 1.6070 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains ground on higher oil prices.
Tue, Jul 14
Spain 9-Month Letras Auction rose from previous 2.518% to 2.623%
Spain 9-Month Letras Auction rose from previous 2.518% to 2.623%
Tue, Jul 14
