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Equities: Asia tech rebound and Europe records – Deutsche Bank
Deutsche Bank’s Jim Reid and team report a rebound in Asian equities, led by a sharp rise in the KOSPI and Samsung Electronics on AI chip news, alongside gains in Chinese and Australian indices.
Fri, Jul 3
US Dollar Index Price Forecast: Falls to near 100.50 despite prevailing bullish bias
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day, trading around 100.60 during the early European hours on Friday.
Fri, Jul 3
NZD/USD Price Forecast: Refreshes weekly high near 0.5725 as US Dollar weakens
The NZD/USD pair posts a fresh weekly high at around 0.5725 during the European trading session on Friday. The Kiwi pair reflects strength as risk-on market sentiment due to a slight cool down in hawkish Federal Reserve (Fed) expectations has improved the appeal of antipodeans.
Fri, Jul 3
France Industrial Output (MoM) registered at -0.1% above expectations (-0.4%) in May
France Industrial Output (MoM) registered at -0.1% above expectations (-0.4%) in May
Fri, Jul 3
Gold: Softer US data boosts safe-haven demand – ING
ING’s commodities strategists highlight that Gold rallied after weaker US jobs data reduced fears of further Federal Reserve rate hikes. Lower Treasury yields and a softer Dollar improved the appeal of non-yielding assets.
Fri, Jul 3
Turkish Lira: Limited relief from June inflation – Commerzbank
Commerzbank’s Tatha Ghose expects Turkey’s June Consumer Price Index (CPI) to show a modest disinflation surprise, with headline and core rates easing slightly and month-on-month inflation potentially below 1%.
Fri, Jul 3
AUD/USD Price Forecasts: Aussie approaches 0.6950 with bullish momentum building up
The Australian Dollar (AUD) appreciates for the second consecutive day against a weaker US Dollar (USD) on Friday, still weighed by Thursday’s US Nonfarm Payrolls’ disappointment.
Fri, Jul 3
Euro: Upside bias capped by resistance against US Dollar – UOB
UOB’s Quek Ser Leang highlights that EUR/USD failed to extend gains after spiking to 1.1472 and is now expected to consolidate between 1.1410 and 1.1455 intraday.
Fri, Jul 3
Japanese Yen steadies as intervention risks rise, Fed hike bets ease
USD/JPY holds its position after experiencing volatility, trading around 161.10 during the Asian hours on Friday. The pair may depreciate as the Japanese Yen (JPY) could strengthen on rising speculation that Japanese officials are preparing another round of currency intervention.
Fri, Jul 3
WTI holds gains above $69.00 on a weaker US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.10 during the early European trading hours on Friday. The WTI price recovers some lost ground on a weaker US Dollar (USD) ahead of a long holiday weekend in the United States (US).
Fri, Jul 3
Stellar Price Forecast: Record stablecoin growth fuels XLM recovery
Stellar (XLM) price holds above its 200-day Exponential Moving Average (EMA) at $0.197 on Friday after rallying more than 14% this week. The recovery is supported by robust on-chain activity, with Stellar’s stablecoin market capitalization climbing to a record high and TVL continuing to rise.
Fri, Jul 3
Russia S&P Global Services PMI dipped from previous 48.7 to 48.2 in June
Russia S&P Global Services PMI dipped from previous 48.7 to 48.2 in June
Fri, Jul 3
Asian stock markets rebound on weak US data, lower oil prices, KOSPI surges almost 6%
Asian stock markets reflect strong demand on Friday, as traders reconsidering hawkish Federal Reserve (Fed) bets and lower oil prices due to easing geopolitical woes have lifted demand for risk-sensitive assets.
Fri, Jul 3
EUR/JPY Price Forecast: Tests immediate barrier at VWAP of 185.50
EUR/JPY rises after two days of losses, trading around 184.50 during the Asian hours on Friday.
Fri, Jul 3
Canadian Dollar looks to extend recovery from YTD low on weaker USD, uptick in Oil prices
The USD/CAD pair struggles to capitalize on the previous day's modest bounce from a nearly two-week low and turns lower for the second straight day following a modest Asian session uptick to the 1.4200 neighborhood.
Fri, Jul 3
Indian Rupee gains ground as weak NFP data batters US Dollar
The Indian Rupee (INR) opens slightly higher against the US Dollar (USD) on Friday. The USD/INR pair drops to near 95.26 due to broader underperformance in the US Dollar, following the release of the weak United States (US) Nonfarm Payrolls (NFP) data for June on Thursday.
Fri, Jul 3
India's HSBC Composite PMI misses estimates in June: What 57.1 means for the Indian Rupee
The final reading of India's HSBC Composite Purchasing Managers Index (PMI) was revised down to 57.1 in June from the previous reading of 57.4, the latest data published by S&P Global and HSBC Bank showed on Friday. This figure came in worse than the estimates of 57.4.
Fri, Jul 3
Swiss Franc rises as US Dollar declines on easing Fed rate hike bets
USD/CHF extends its losses for the second successive day, trading around 0.8020 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) loses ground amid a disappointing set of domestic labor data released on Thursday, easing bets on a Fed rate hikes.
Fri, Jul 3
India HSBC Composite PMI registered at 57.1, below expectations (57.4) in June
India HSBC Composite PMI registered at 57.1, below expectations (57.4) in June
Fri, Jul 3
India HSBC Services PMI came in at 57.4, below expectations (58) in June
India HSBC Services PMI came in at 57.4, below expectations (58) in June
Fri, Jul 3