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Canadian Dollar rises as US Dollar holds losses ahead of US NFP data
USD/CAD has lost its recent gains from the previous day, trading around 1.4190 during the European hours on Thursday. Traders adopt a cautious stance ahead of the highly anticipated June Nonfarm Payrolls (NFP) report.
Thu, Jul 2
Spain 5-y Bond Auction declined to 2.835% from previous 2.947%
Spain 5-y Bond Auction declined to 2.835% from previous 2.947%
Thu, Jul 2
Euro: Fed story caps upside against US Dollar – ING
Chris Turner at ING highlights softer Eurozone inflation and questions over a September ECB hike, with 15bp still priced but subsidies expiry possibly lifting prices later.
Thu, Jul 2
Spain 10-y Obligaciones Auction rose from previous 3.383% to 3.395%
Spain 10-y Obligaciones Auction rose from previous 3.383% to 3.395%
Thu, Jul 2
Australian Dollar licks its wounds around 0.6900 awaiting US Nonfarm Payrolls data
The Australian Dollar (AUD) remains practically flat against the US Dollar (USD) on Thursday, consolidating losses after having depreciated nearly 4% in June. The AUD/USD pair is trading within a broadly 65-pip range, with downside attempts contained at 0.6865 and bulls limited below 0.6930 so far.
Thu, Jul 2
Silver Price Forecast: XAG/USD rises to near $59.60 as US Dollar slumps ahead of US NFP data
Silver price (XAG/USD) trades 0.9% higher to near $59.65 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) slumps ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
Thu, Jul 2
Brent: Dovish momentum with geopolitical support – Deutsche Bank
Deutsche Bank’s Early Morning Reid, authored by Henry Allen and colleagues, highlights a sharp decline in Brent Oil as geopolitical developments ease inflation concerns. Brent crude has fallen to a four‑month low near $71.57/bbl and extended losses toward $70.81/bbl.
Thu, Jul 2
US Dollar: NFP risk to extend gains – MUFG
MUFG’s Lee Hardman notes Fed Chair Warsh struck a less hawkish tone, with inflation expectations and risks having come down, and policy assumptions now based on no further Fed hikes.
Thu, Jul 2
Dow Jones futures edge lower ahead of US Nonfarm Payrolls
The Dow Jones futures decline 0.15% to trade near 52,600, while S&P 500 futures fall 0.24%, trading near 7,520. Meanwhile, Nasdaq 100 futures lose 0.80% to trade near 29,850 during European trading hours on Thursday.
Thu, Jul 2
Euro climbs further beyond 1.1400 as USD weakens ahead of US NFP report
The EUR/USD pair builds on its intraday ascent and reclaims the 1.1400 mark during the early part of the European session on Thursday, reversing a major part of the overnight losses to the weekly low.
Thu, Jul 2
Indian Rupee: Softer PMI supports RBI hold – Commerzbank
Commerzbank analysts note India’s final June manufacturing Purchasing Managers' Index (PMI) was revised down to 54.2, marking the second-slowest expansion in four years, with broad moderation across output, orders and employment.
Thu, Jul 2
Forex Today: Japanese Yen experiences strong volatility, markets await US NFP data
Here is what you need to know on Thursday, July 2:
Thu, Jul 2
What is keeping the British Pound tied to fiscal risks as the BoE looks set to keep rates steady?
The British Pound (GBP) remains tightly bound to the UK’s evolving inflation outlook and impending fiscal policy choices.
Thu, Jul 2
Brazil Fipe's IPC Inflation: 0.18% (June) vs previous 0.45%
Brazil Fipe's IPC Inflation: 0.18% (June) vs previous 0.45%
Thu, Jul 2
Italy Unemployment below expectations (5.1%) in May: Actual (5%)
Italy Unemployment below expectations (5.1%) in May: Actual (5%)
Thu, Jul 2
Euro tumbles against Japanese Yen on suspected Japan’s intervention
The Euro (EUR) is down almost 0.5% to near 184.00 against the Japanese Yen (JPY) during the European trading session on Thursday. The EUR/JPY pair slumps as the Japanese Yen (JPY) delivers a sudden strong upside move, which appears to be the outcome of Japan’s intervention.
Thu, Jul 2
Australian Dollar: Neutral within broader downtrend against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes AUD/USD has slipped into a tight consolidation after a strong rebound to 0.6930, trading between 0.6883 and 0.6921 and closing at 0.6894. He expects intraday range trading between 0.6880 and 0.6915.
Thu, Jul 2
Hyperliquid Price Forecast: Easing ETF flows, retail demand edge HYPE to make-or-break stage
Hyperliquid (HYPE) price continues to coil, struggling to find direction as it edges higher on Thursday after two consecutive days of losses. Institutional demand, a key driver for altcoins in recent times, eases for HYPE with minimal inflows following a $108 million surge last week.
Thu, Jul 2
British Pound spikes down agains Yen triggering intervention concerns
The British Pound (GBP) has spiked lower against the Yen (JPY) in Thursday’s early European session, with no clear reason to explain the move, triggering speculation of some action by the Japanese Ministry of Finance.
Thu, Jul 2
British Pound: Sterling shorts unwind as EUR/GBP breaks support – ING
ING’s Chris Turner reports that EUR/GBP has broken below the 0.8600/8610 support, triggering liquidation of expensive, stale Sterling shorts, especially among asset managers.
Thu, Jul 2
