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Eurozone Sentix Investor Confidence increased to -3.1 in July from previous -13.4
Eurozone Sentix Investor Confidence increased to -3.1 in July from previous -13.4
Mon, Jul 6
US Dollar: Services data guide Fed expectations – BNY
BNY’s Geoff Yu highlights that softer U.S. labor data and easing inflation have reduced pressure for further Federal Reserve (Fed) tightening, but upcoming US Services Purchasing Managers' Index (PMI) and ISM Services will be crucial for rate expectations.
Mon, Jul 6
Australian Dollar drifts away from highs amid cooler inflation, weak employment data
The Australian Dollar (AUD) is trading moderately lower against the US Dollar (USD) on Monday, as cooler Australian inflation figures have eased pressure on the Reserve Bank of Australia (RBA) to hike interest rates further.
Mon, Jul 6
British Pound rallies back closer to multi-year top as carry trade and fiscal woes hit JPY
The GBP/JPY cross gains strong follow-through positive traction for the second successive day and rallies to mid-216.00s during the early European session on Monday, back closer to a multi-year peak set in late April.
Mon, Jul 6
British Pound: Sterling gains against Euro face political test – ING
ING’s Chris Turner highlights a sizeable downside breakout in EUR/GBP driven by stale Sterling shorts and lower FX volatility reducing appetite to pay carry.
Mon, Jul 6
Switzerland Unemployment Rate s.a (MoM) registered at 3.1% above expectations (3%) in June
Switzerland Unemployment Rate s.a (MoM) registered at 3.1% above expectations (3%) in June
Mon, Jul 6
Silver Price Forecast: XAG/USD holds losses below $62.50 on Fed hike bets
Silver price (XAG/USD) halts its four-day winning streak, trading around $62.30 per troy ounce during the European hours on Monday. The white metal edges lower as market expectations solidify around a Federal Reserve (Fed) interest rate hike later this year.
Mon, Jul 6
Pi Network: Steady decline risks a record low despite easing market drag
Pi Network (PI) price edges below $0.1150 on Monday, extending its losses for the third straight day. Data shows an intense bearish bias among traders holding short-sided positions, reflecting weak retail support despite easing downside pressure across the crypto market.
Mon, Jul 6
Indian Rupee: Holds within 94–96 range against US Dollar – Commerzbank
Commerzbank notes that USD/INR eased 0.2% on Friday to 95.20 but still gained 0.9% over the week, remaining within a 94–96 range.
Mon, Jul 6
Analysts agree: Oil prices likely to fall further even after returning to pre-war levels
Brent Crude Oil trade flat near $71.90 during the European trading session on Monday.
Mon, Jul 6
Forex Today: US Dollar stabilizes after long weekend
Here is what you need to know on Monday, July 6:
Mon, Jul 6
Australian Dollar: Downside bias within broader neutral band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports AUD/USD has stalled after last week’s sharp rise, with a tentative build-up in downside momentum pointing to a limited dip toward 0.6910 intraday. For the next 1–3 weeks, the bank stays neutral, expecting consolidation between 0.6870 and 0.6980.
Mon, Jul 6
Oil: Diverging market paths under geopolitical camps – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton highlights that Brent has turned lower as OPEC+ eases production cuts and tanker flows through the Strait of Hormuz resume, but stresses that shipping risks remain crucial for Oil prices.
Mon, Jul 6
New Zealand Dollar: RBNZ set for further tightening – BNY
BNY’s Geoff Yu expects the Reserve Bank of New Zealand (RBNZ) to raise the Official Cash Rate (OCR) by 25bp to 2.50%, supported by stronger Gross Domestic Product (GDP), resilient labor markets and firm inflation near the top of target.
Mon, Jul 6
USD/CAD Price Forecast: Retakes 1.4200 and beyond as bulls await trading range breakout
The USD/CAD pair is seen building on last week's bounce from the vicinity of mid-1.4100s and gaining positive traction for the second consecutive day on Monday.
Mon, Jul 6
USD/JPY Price Forecast: Eyes 40-year highs near 163.00 after breaking above nine-day EMA
USD/JPY gains ground for the second successive day, trading around 162.20 during the early European hours on Monday. The currency pair is maintaining a bullish near-term bias as it holds comfortably above both the nine-day and 50-day Exponential Moving Averages (EMAs).
Mon, Jul 6
US Dollar Index: Upside risks stay supported – ING
ING’s Chris Turner notes the Dollar (USD) has held up after soft June jobs data, with G7 FX volatility low and carry trades attractive as one-week Dollar deposit rates sit in the upper G10 range.
Mon, Jul 6
Equities: Risk tone improves with dovish repricing – Deutsche Bank
Deutsche Bank strategists note that the S&P 500 delivered its strongest weekly gain since early May, supported by a softer US payrolls print and a dovish repricing of Fed expectations.
Mon, Jul 6
Japanese Yen: Intervention risks shape Dollar pullback – MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 161.78 and briefly tested the 162.84 area before reversing. The report highlights Dollar weakness after comments from Fed Chair Kevin Warsh and a softer US employment report.
Mon, Jul 6
GBP/USD Price Forecast: Pound dips below 1.3350 with bullish momentum losing steam
The British Pound (GBP) ticks lower against the US Dollar (USD) Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran.
Mon, Jul 6
