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Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh
Gold (XAU/USD) consolidates modest gains on Thursday, although upside remains limited as renewed hostilities in the Middle East revive concerns over energy-driven inflation and reinforce expectations that the Federal Reserve (Fed) may need to raise interest rates.
Thu, Jul 9
Mexican Peso: Gains seen limited against US Dollar – Commerzbank
Commerzbank’s Michael Pfister observes that markets expect substantial tightening by Banxico over the next year, but he questions whether conditions justify 75 basis points of hikes.
Thu, Jul 9
CEE FX: Forint longs face geopolitical test – ING
ING’s Frantisek Taborsky reports that the National Bank of Poland kept a neutral stance, with elevated uncertainty from Middle East tensions and CPI projections above expectations. US–Iran headlines triggered a sell-off in CEE rates and FX, with EUR/HUF jumping 1.2%.
Thu, Jul 9
New Zealand Dollar extends rebound after RBNZ rate hike, US-Iran tensions cap gains
NZD/USD advances on Thursday and trades around 0.5730 at the time of writing, up 0.56% on the day.
Thu, Jul 9
British Pound hits fresh three-week highs past 1.3400 as US Dollar pulls back
The British Pound (GBP) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, to hit fresh three–week highs right above 1.3400.
Thu, Jul 9
South Africa Manufacturing Production Index (YoY) declined to -4.3% in May from previous -2.9%
South Africa Manufacturing Production Index (YoY) declined to -4.3% in May from previous -2.9%
Thu, Jul 9
Bitcoin Price Forecast: BTC stalls as mixed ETF flows, renewed US-Iran tensions cap upside
Bitcoin (BTC) recovers slightly, trading above $63,000 on Thursday after facing rejection near the $64,000 resistance zone earlier this week.
Thu, Jul 9
Gold Price Forecast: Recoveries likely be capped as 20-day EMA slopes lower
Gold price (XAU/USD) trades 0.8% higher to near $4,110 during the European trading session on Thursday. The precious metal gains as the US Dollar (USD) is down despite a slight improvement in expectations that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.
Thu, Jul 9
Ripple Price Forecast: XRP mildly rebounds amid steady retail interest
Ripple (XRP) exhibits a subtle rebound outlook, trading near $1.10 at the time of writing on Thursday. The headwinds in the crypto market are largely attributable to mounting investor uncertainty amid renewed tensions in the Middle East.
Thu, Jul 9
Silver Price Forecasts: XAG/USD picks up above $59.00 as US Dollar softens
Silver (XAG/USD) is trimming losses on Thursday, and hitting session highs just above $59.00 after bouncing from $57.22 lows on Wednesday.
Thu, Jul 9
WTI slips below $74 after recent rally, Middle East tensions limit the downside
West Texas Intermediate (WTI) trades lower on Thursday and hovers around $73.10 at the time of writing, down 1.95% on the day as investors take profits following two consecutive days of strong gains.
Thu, Jul 9
Ireland Consumer Price Index (YoY) declined to 3.4% in June from previous 3.6%
Ireland Consumer Price Index (YoY) declined to 3.4% in June from previous 3.6%
Thu, Jul 9
Ireland HICP (YoY) below forecasts (3.3%) in June: Actual (3.2%)
Ireland HICP (YoY) below forecasts (3.3%) in June: Actual (3.2%)
Thu, Jul 9
Ireland Consumer Price Index (MoM) rose from previous -0.1% to 0.3% in June
Ireland Consumer Price Index (MoM) rose from previous -0.1% to 0.3% in June
Thu, Jul 9
Ireland HICP (MoM) meets forecasts (0.3%) in June
Ireland HICP (MoM) meets forecasts (0.3%) in June
Thu, Jul 9
US Dollar Index: Slips despite yield support – DBS
DBS Group Research economist Philip Wee notes the US Dollar Index (DXY) slipped from 101.28 to 101 late in the US session, even as the US Treasury 2Y yield rose and crude Oil stayed supported by Middle East tensions.
Thu, Jul 9
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $59.17 per troy ounce, up 1.45% from the $58.32 it cost on Wednesday.
Thu, Jul 9
Aptos Price Forecast: APT recovery eyes a breakout rally after crucial blockchain bug fix
Aptos (APT) price is up 3% at press time on Thursday after three consecutive days of weakness earlier this week. The recovery is likely linked to a crucial blockchain bug fix that exposed its entire Total Value Locked (TVL) of over $100 million at risk.
Thu, Jul 9
Euro advances against Canadian Dollar on strong German trade, weak oil
EUR/CAD gains ground after two days of losses, trading around 1.6210 during the European hours on Thursday. The currency cross remains stronger following stronger-than-expected trade data from Germany.
Thu, Jul 9
Euro: ECB hawkish repricing with bond selloff – Deutsche Bank
Deutsche Bank Research’s Early Morning Reid notes that European assets are sensitive to the renewed energy shock. Market pricing for ECB hikes by December rose sharply, implying a chance of three hikes this year after June’s move.
Thu, Jul 9
