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Canadian Dollar: Consolidation against US Dollar with limited gains – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret describe USD/CAD around 1.4215 as consolidating, with the Canadian Dollar retaining a soft undertone despite narrower US–Canada front-end spreads.
Mon, Jul 6
United States S&P Global Composite PMI registered at 51.9, below expectations (52.2) in June
United States S&P Global Composite PMI registered at 51.9, below expectations (52.2) in June
Mon, Jul 6
United States S&P Global Services PMI came in at 51.2, below expectations (51.4) in June
United States S&P Global Services PMI came in at 51.2, below expectations (51.4) in June
Mon, Jul 6
British Pound climbs to January 2008 high against Japanese Yen despite intervention risk
GBP/JPY edges higher on Monday, climbing to levels last seen in January 2008 as the Japanese Yen (JPY) remains under pressure across the board. The Yen resumed its decline after a brief pullback last week, with USD/JPY climbing back to its highest level in four decades.
Mon, Jul 6
Australian Dollar: Testing major support with rebound risk against US Dollar – Societe Generale
Societe Generale analysts describe AUD/USD extending its pullback after breaking below the May trough around 0.7070 and retesting the 200-DMA near 0.6870/0.6830, aligned with March lows. They stress this zone as key support, noting November 2025’s correction also held there.
Mon, Jul 6
Oil: Supply normalization pressures prices – BNY
BNY’s Geoff Yu notes that OPEC+ has ratified another production quota increase, extending gradual supply normalization and adding pressure on Brent and WTI.
Mon, Jul 6
Euro: Resilient data backs range rebound against US Dollar – MUFG
MUFG’s Lee Hardman highlights that EUR/USD is trading just above 1.1400, testing the bottom of its 1.1400–1.1800 range. The Euro has faced selling on weaker data and reduced ECB hike expectations, but recent indicators show resilience.
Mon, Jul 6
Fed: Data-dependent hold stance – TD Securities
TD Securities’ Oscar Munoz and Eli Nir expect the Federal Reserve to keep the Fed funds rate on hold throughout 2026 as US growth moves sideways and inflation stays elevated.
Mon, Jul 6
Reserve Bank of New Zealand: Insurance hike risk balance – ING
ING’s Francesco Pesole expects the Reserve Bank of New Zealand (RBNZ) to deliver a 25bp ‘insurance’ hike in July, taking the policy rate to 2.50%, despite the sharp drop in Oil prices.
Mon, Jul 6
Crypto Today: Bitcoin, Ethereum, XRP pull back amid persistent ETF outflows
The cryptocurrency market is experiencing widespread weakness on Monday, with Bitcoin (BTC) sliding under the $63,000 mark amid ongoing risk aversion.
Mon, Jul 6
Turkish Lira: Inflation momentum still too strong – Commerzbank
Commerzbank’s Tatha Ghose notes that June Turkish Consumer Price Index (CPI) and Producer Price Index (PPI) data were better than expected as the energy shock faded, with headline CPI slowing to 32.1% year-on-year and PPI to 28.1%.
Mon, Jul 6
Australian Dollar: Softer inflation challenges RBA stance – BNY
BNY’s Geoff Yu reports that Australia’s Melbourne Institute inflation gauge fell again in June, with both headline and trimmed mean measures easing.
Mon, Jul 6
US Dollar: Rally pause seen as temporary – Societe Generale
Societe Generale strategists Kit Juckes and Olivier Korber argue that Dollar strength remains underpinned by robust US growth, sticky inflation and a favourable terms of trade shock versus Europe and Asia.
Mon, Jul 6
Gold edges lower as firmer US Dollar caps recovery
Gold (XAU/USD) edges lower on Monday as a firmer US Dollar (USD) and mild profit-taking cap gains following last week's rebound from a more than seven-month low of $3,941.
Mon, Jul 6
Euro: Range-bound against US Dollar under Fed support – ING
ING’s Chris Turner says EUR/USD is consolidating above 1.1400 as markets reassess European Central Bank (ECB) and Fed paths, with a September ECB hike priced below 50% probability.
Mon, Jul 6
162.30: Japanese Yen falls back to near 40-year lows as intervention risks loom
The Japanese Yen (JPY) has resumed its broader downtrend against the US Dollar (USD) on Monday following a mild relief last week.
Mon, Jul 6
Japanese Yen: Weakness and intervention risks persist against US Dollar – HSBC
HSBC strategists argue that the USD/JPY pair is trading near its highest level in around 40 years and may have shifted into a new, higher range.
Mon, Jul 6
WTI Oil falls as oversupply concerns outweigh recent rebound
West Texas Intermediate (WTI) US Oil trades around $68.30 at the time of writing on Monday, down 0.64% on the day, as investors continue to assess the global supply outlook following the latest production decisions by the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
Mon, Jul 6
NEAR Protocol Price Forecast: NEAR loses steam near key resistance, raising downside risks
NEAR Protocol (NEAR) faces weakness on Monday, reversing from a key overhead trendline near $2.00. Retail demand is easing, with NEAR futures Open Interest and funding rates waning, which sparked the previous week’s rebound.
Mon, Jul 6
Euro remains depressed against British Pound despite positive Eurozone data
The Euro (EUR) remains depressed near one-year lows against the British Pound (GBP) on Monday, hitting session lows below 0.8560 after pulling back from Friday’s highs at 0.8575.
Mon, Jul 6
