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Oil: Hormuz risks and US-Iran MoU tensions – Rabobank
Rabobank strategist Michael Every describes how US efforts to secure Hormuz Oil flows under an emerging US-Iran MoU were reportedly blocked by Saudi Arabia, raising regional security risks.
Thu, Jul 2
Spain Unemployment Change above expectations (-40.8K) in June: Actual (-28.7K)
Spain Unemployment Change above expectations (-40.8K) in June: Actual (-28.7K)
Thu, Jul 2
Equities: Tech slump contrasts broader resilience – Deutsche Bank
Deutsche Bank’s Early Morning Reid describes a mixed picture for US equities. The S&P 500 index slipped 0.22% as chip stocks sold off sharply, yet the equal‑weighted S&P 500 rose 0.24% to a new record.
Thu, Jul 2
US Dollar Index Price Forecast: Weakens below 101.50, but keeps bullish tone ahead of NFP
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.20 in the early European trading hours on Thursday.
Thu, Jul 2
Japanese Yen: Higher Japanese rates and intervention risks – MUFG
MUFG strategist Michael Wan argues Japanese rates "clearly have to head higher" after a positive Tankan survey, strong capital investment appetite and rising inflation expectations.
Thu, Jul 2
USD/CAD Price Forecast: Remains in tight range near 1.4200, eyes on US NFP
The USD/CAD pair trades flat around 1.4210 during the European trading session on Thursday. The Loonie pair has remained sideways for over a week, with investors seeking fresh cues regarding the United States (US) interest rate outlook.
Thu, Jul 2
France Budget Balance dipped from previous €-69.6B to €-93.3B in May
France Budget Balance dipped from previous €-69.6B to €-93.3B in May
Thu, Jul 2
Australian Dollar: Further RBA hike doubted – Commerzbank
Commerzbank’s Volkmar Baur sees only a 50% market-implied probability for another Reserve Bank of Australia (RBA) hike this year and disagrees with that pricing.
Thu, Jul 2
Switzerland’ CPI inflation meets expectation in June: What 0.5% means for Swiss Franc
Switzerland’s Consumer Price Index (CPI) rose by 0.5% year-over-year (YoY) in June, compared to a rise of 0.6% in May, the latest data published by the Swiss Federal Statistical Office showed on Wednesday. The market consensus was for 0.5% growth in the reported period.
Thu, Jul 2
Switzerland Consumer Price Index (YoY) meets forecasts (0.5%) in June
Switzerland Consumer Price Index (YoY) meets forecasts (0.5%) in June
Thu, Jul 2
Switzerland Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June
Switzerland Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June
Thu, Jul 2
WTI Oil dips below $68.00 amid news of progress in the US-Iran peace talks
Crude Oil prices extended their decline on Thursday, as Qatari mediators reported “positive progress” on the indirect talks between the US and Iran held in Doha on Tuesday.
Thu, Jul 2
Japan’s Nagahama expects BoJ to raise interest rates again at the end of the year
Toshihiro Nagahama, a key private-sector member on Japanese Prime Minister Takaichi's Council on Economic and Fiscal Policy, comments on the Bank of Japan’s (BoJ) monetary policy decision.
Thu, Jul 2
Euro: Downside risk toward key supports against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD closed softer at 1.1376 after choppy trading between 1.1361 and 1.1423. Short-term momentum is turning lower, with scope to test 1.1360 while keeping the major 1.1335 support intact.
Thu, Jul 2
GBP/USD Price Forecast: Extends recovery to near 20-day EMA amid hopes of commitment to fiscal rules
The British Pound (GBP) trades higher against its major currency peers, rising 0.1% to near 1.3290 against the US Dollar (USD) during the European trading session on Thursday.
Thu, Jul 2
Euro weakens against British Pound as softer Eurozone inflation curb pressure on ECB to hike rates
The EUR/GBP cross loses ground to around 0.8565 during the early European trading hours on Thursday. Fading expectation that the European Central Bank (ECB) will raise the interest rates this year weweighsn the Euro (EUR) against the British Pound (GBP).
Thu, Jul 2
Solana Price Forecast: Bullish bets, ETF inflows drive SOL recovery
Solana (SOL) extends its recovery, trading above $78 on Thursday, having gained nearly 10% so far this week. The rebound is supported by strengthening derivatives metrics, modest institutional demand and improving technical momentum, all suggesting SOL could extend its gains in the near term.
Thu, Jul 2
Indian Rupee gains at open, supported by further decline in oil prices
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Thursday after a sharp decline the previous day. The USD/INR pair declines to near 95.00 as lower oil prices due to progress in talks between the United States (US) and Iran have improved the appeal of the Indian Rupee.
Thu, Jul 2
Zcash Price Forecast: ZEC pares minor losses as broader market retail sentiment recovers
Zcash (ZEC) maintains a mild recovery trend this week, extending gains on Thursday following a 4% surge the previous day. The privacy coin regains retail demand, with leveraged positions rising 11% over 24 hours, supported by a 17% surge in volume.
Thu, Jul 2
Japanese Yen receives support from stealth intervention risks
USD/JPY continues its downside after pulling back from 40-year highs, trading around 162.40 during the Asian hours on Thursday. The pair loses ground as the Japanese Yen (JPY) captures support from growing trader expectations of government intervention.
Thu, Jul 2
