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Bitcoin Price Forecast: BTC faces rejection at $64,000 amid persistent ETF outflows
Bitcoin (BTC) is struggling below $64,000 on Monday after recovering more than 6% over the previous week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million last week, marking the eighth consecutive week of withdrawals.
Mon, Jul 6
New Zealand Dollar declines on weaker commodity prices, RBNZ policy uncertainty
NZD/USD trades around 0.5680 at the time of writing, down 0.50% on the day as the New Zealand Dollar (NZD) remains under pressure against a stronger US Dollar (USD).
Mon, Jul 6
Japanese Yen: Policy risks support higher yields – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has weakened again, pushing USD/JPY back above 162.00 and coinciding with further selling at the long end of the JGB curve.
Mon, Jul 6
CEE FX: Dovish signals challenge gains – ING
ING’s Frantisek Taborsky notes weaker US data and a softer Dollar helped Central and Eastern European (CEE) currencies, but focus now shifts to local inflation and central banks.
Mon, Jul 6
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $62.02 per troy ounce, down 0.64% from the $62.42 it cost on Friday.
Mon, Jul 6
Euro: Fiscal questions with disinflation progress – BNY
BNY’s Geoff Yu argues that European disinflation is allowing focus to shift from emergency inflation control toward growth and fiscal credibility.
Mon, Jul 6
Euro holds gains against Japanese Yen following Eurozone Retail Sales
EUR/JPY continues to gain ground for the second successive day, trading around 185.30 during the European hours on Monday. The currency cross remains stronger as the Euro (EUR) holds ground following the release of key economic data from the Eurozone and Germany.
Mon, Jul 6
Oil: Supply rebound and glut concerns – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay highlight a structural shift in Oil as a US–Iran interim peace deal boosts crude supply and restores shipping through the Strait of Hormuz. Seven OPEC+ members will lift output again in August, raising fears of a global crude glut.
Mon, Jul 6
United States Dollar Index (DXY) Price Forecast: Retakes 101.00 amid bullish setup
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains positive traction at the start of a new week and, for now, seems to have snapped a two-day losing streak.
Mon, Jul 6
Eurozone Retail Sales rises 0.2% MoM in May, misses 0.3% estimates
Eurozone Retail Sales rise at a moderate pace of 0.2% Month-on-Month (MoM) in May against the estimates of 0.3%. In April, Retail Sales, a key measure of consumer spending, declined by 0.4%.
Mon, Jul 6
Eurozone Retail Sales (MoM) registered at 0.2%, below expectations (0.3%) in May
Eurozone Retail Sales (MoM) registered at 0.2%, below expectations (0.3%) in May
Mon, Jul 6
Eurozone Producer Price Index (YoY) above forecasts (5.7%) in May: Actual (5.9%)
Eurozone Producer Price Index (YoY) above forecasts (5.7%) in May: Actual (5.9%)
Mon, Jul 6
Eurozone Retail Sales (YoY) meets expectations (1.6%) in May
Eurozone Retail Sales (YoY) meets expectations (1.6%) in May
Mon, Jul 6
Eurozone Producer Price Index (MoM) meets forecasts (0.2%) in May
Eurozone Producer Price Index (MoM) meets forecasts (0.2%) in May
Mon, Jul 6
Japanese Yen: New lows risk against US Dollar – Societe Generale
Societe Generale strategists note USD/JPY has pulled back after testing resistance near 162.80 but is still holding above the March peak around 160.40.
Mon, Jul 6
Euro drifts lower as investors’ cautiousness offsets upbeat German factory data
The Euro (EUR) shows a moderately negative stance against the US Dollar (USD) on Monday, in a calm start of the week.
Mon, Jul 6
Canadian: Business Outlook Survey to gauge confidence with energy shock – RBC
Royal Bank of Canada (RBC) economists Nathan Janzen and Abbey Xu note the Bank of Canada’s (BoC) Q2 Business Outlook Survey will show how firms reacted to recent energy price volatility, with West Texas Intermediate (WTI) previously near US$100.
Mon, Jul 6
Dow Jones futures advance ahead of ISM Services PMI
The Dow Jones futures gain 0.18% to trade above 53,280, while S&P 500 futures rise 0.46%, trading near 7,560. Meanwhile, Nasdaq 100 futures advance 1.03% to trade near 29,860 during European trading hours on Monday.
Mon, Jul 6
Euro: Upside bias capped by nearby resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD remains in a short-term range, with flat momentum indicators pointing to intraday consolidation between 1.1415 and 1.1455.
Mon, Jul 6
United Kingdom S&P Global Construction PMI below expectations (40) in June: Actual (38.4)
United Kingdom S&P Global Construction PMI below expectations (40) in June: Actual (38.4)
Mon, Jul 6
