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ECB’s Kocher: Next decisions will be either hike or hold
European Central Bank (ECB) Governing Council member Martin Kocher said in the European trade on Wednesday that the next monetary policy move by the central bank will either be a hold or a hike, citing that higher wages could keep inflationary pressures elevated.
Wed, Jul 1
United States MBA Mortgage Applications: 0% (June 26) vs previous 1%
United States MBA Mortgage Applications: 0% (June 26) vs previous 1%
Wed, Jul 1
Pi Network Price Forecast: PI holds on thin ice with 76 million tokens ready to be unlocked
Pi Network (PI) is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.
Wed, Jul 1
Bitcoin Price Forecast: BTC sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty
Bitcoin (BTC) trades around $59,000 on Wednesday after plunging to a 21-month low of $57,800, the lowest level since mid-September 2024.
Wed, Jul 1
Euro extends its reversal below 1.1400 amid cooling Eurozone Inflation data
The Euro’s (EUR) mild recovery against the US Dollar (USD) seen earlier in the week has come to an end on Wednesday.
Wed, Jul 1
US Dollar: Labor data and confidence guide outlook – TD Securities
TD Securities strategists discuss several US indicators, expecting the June ISM Manufacturing index to edge down, while noting that JOLTS job openings remain elevated but likely overstated.
Wed, Jul 1
Japanese Yen: Gradual weakness risks with BoJ tightening – MUFG
MUFG’s Derek Halpenny notes that stronger Tankan data support the June BoJ rate hike and could justify faster tightening ahead, but markets still price only limited moves.
Wed, Jul 1
Hungarian Forint: Rally meets fiscal concerns – Societe Generale
Societe Generale strategists highlight that the HUF has delivered its strongest quarter since 2009, supported by a pro‑EU shift and expectations of renewed EU fund access. However, they warn that EUR/HUF is struggling to sustain breaks below 350 as fiscal risks emerge under PM Magyar.
Wed, Jul 1
Turkish Lira: Trade data fail to ease Lira pressure – Commerzbank
Commerzbank’s Tatha Ghose argues that Turkey’s seemingly improved trade data are largely optical, with seasonally-adjusted figures showing no real trend improvement and strong import momentum.
Wed, Jul 1
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $57.67 per troy ounce, down 1.40% from the $58.49 it cost on Tuesday.
Wed, Jul 1
United States Challenger Job Cuts: 45.849K (June) vs previous 97.006K
United States Challenger Job Cuts: 45.849K (June) vs previous 97.006K
Wed, Jul 1
Euro weakens vs Yen amid slower Eurozone inflation, Japan intervention fears
EUR/JPY trades around 185.40 at the time of writing, down 0.15% on Wednesday, as the Euro (EUR) weakens while the Japanese Yen (JPY) gains strength.
Wed, Jul 1
WTI Oil dips below $69 on reports of resuming US-Iran talks
Crude Oil prices keep drifting lower after having closed the second quarter with the sharpest decline since 2020.
Wed, Jul 1
Polish Zloty: Lower Polish inflation pressures PLN against Euro – ING
ING strategist Frantisek Taborsky notes Polish inflation fell to the National Bank of Poland’s 2.5% target, with broad price declines and stable core inflation. Markets have priced out hikes and begun to price cuts, which he says could pressure market rates and weaken the zloty.
Wed, Jul 1
Euro holds losses against Japanese Yen as Eurozone inflation cools
EUR/JPY halts its four-day winning streak, trading around 185.40 during the European hours on Wednesday. The currency cross holds losses as the Euro (EUR) remains subdued following the release of the Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data.
Wed, Jul 1
Gold: Range-bound near term, upside later – HSBC
HSBC’s Willem Sels and Lucia Ku observe that Gold failed to rally during the Middle East conflict and has traded lower despite hitting a record high earlier in the year.
Wed, Jul 1
United Kingdom NIESR GDP Estimate (3M) climbed from previous 0.8% to 0.933% in May
United Kingdom NIESR GDP Estimate (3M) climbed from previous 0.8% to 0.933% in May
Wed, Jul 1
Canadian Dollar weakens against firmer USD as bears eye YTD low amid falling Oil prices
The USD/CAD pair attracts fresh buyers following the previous day's modest pullback from the vicinity of mid-1.4200s, or the highest since April 2025, and maintains its bid tone through the first half of the European session on Wednesday.
Wed, Jul 1
Japanese Yen: Traders test intervention resolve – Societe Generale
Societe Generale strategists underline that USD/JPY upside remains intact despite strong Japanese data, with 165 cited as a new line in the sand. They recall July 2024’s painful squeeze for Japanese Yen (JPY) shorts and warn that markets are again challenging the Ministry of Finance.
Wed, Jul 1
Eurozone flash HICP cools faster-than-expected to 2.8% in June
Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for June arrives at 2.8% Year-on-Year (YoY), lower than estimates of 3% and the previous reading of 3.2%. On a monthly basis, the inflation data declined by 0.1% after rising at a similar pace in May.
Wed, Jul 1
