FXStreet
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Swiss Franc weakens against US Dollar, eyes on US JOLTS Job Openings data
The Swiss Franc (CHF) trades lower against the US Dollar (USD) as the latter outperforms amid firm expectations that the Federal Reserve (Fed) will raise interest rates at least once this year.
Tue, Jun 30
Gold Price Forecast: XAU/USD struggles around $4,000, near YTD lows
Gold (XAU/USD) trades right above the $4,000 psychology¡gicval level at the time of writing, after hitting fresh year-to-date (YTD) lows at $3,941 earlier on the day.
Tue, Jun 30
US Dollar: Momentum fading as data and Warsh loom – ING
ING’s Francesco Pesole notes that the Dollar has been giving back recent gains against G10 currencies as equities recover and risk sentiment improves. He highlights expectations for stronger US consumer confidence and softer JOLTS openings, which should still signal a healthy labour market.
Tue, Jun 30
Australian Dollar steadies as hawkish RBA minutes meet firm US Dollar ahead of labor data
AUD/USD trades around 0.6890 on Tuesday, holding steady on the day as investors digest the latest Reserve Bank of Australia (RBA) monetary policy meeting Minutes while remaining cautious ahead of key US labor market data.
Tue, Jun 30
Gold steadies after sliding to fresh seven-month low, Fed rate-hike bets weigh
Gold (XAU/USD) rebounds on Tuesday after falling to a fresh seven-month low of $3,941 in the Asian session, as dip buyers help the precious metal recover some of its losses. At the time of writing, XAU/USD trades around $4,028.
Tue, Jun 30
Euro: Fiscal strength and reserve status – BNP Paribas
BNP Paribas strategists highlight that despite weaker post-Covid productivity than the United States (US), the European Union retains stronger public finances and growing international use of the Euro (EUR).
Tue, Jun 30
Euro underperforms amid doubts over further ECB rate hikes through year-end
The Euro (EUR) is down against its major currency peers, trading 0.17% lower to near 1.1400 against the US Dollar (USD) during the European trading session on Tuesday.
Tue, Jun 30
Euro trims gains against British Pound despite positive Eurozone PMI figures
The Euro (EUR) trades lower against the British Pound (GBP) for the second consecutive day on Tuesday, with price action approaching 11-month lows at 0.8600.
Tue, Jun 30
Why a hawkish Bank of Japan could trigger the next Bitcoin sell-off
The Japanese Yen (JPY) recorded its lowest level in four decades, at 162.00 against the US Dollar (USD) on Tuesday, raising concerns that the Bank of Japan (BoJ) could intervene to protect the Yen.
Tue, Jun 30
WTI Oil steadies around $70.00 as markets bet on a negotiated end to Iran’s conflict
Crude Oil prices remain flat for the second consecutive day this week, with the price of the US benchmark West Texas Intermediate (WTI) barrel stuck at the $70.00 area.
Tue, Jun 30
Silver rebounds as Fed rate hike expectations cap gains before US labor data
Silver (XAG/USD) rebounds on Tuesday and trades around $58.80, up 0.96% at the time of writing, after finding support near $56.60 earlier in the day.
Tue, Jun 30
Bitcoin Price Forecast: BTC struggles near $59,500 amid persistent ETF outflows, US-Iran Doha talks in doubt
Bitcoin (BTC) struggles around $59,500 at the time of writing on Tuesday after suffering a steep correction over the past two weeks.
Tue, Jun 30
Danish Krone: Nationalbanken tolerance for weaker krone – Nordea
Nordea strategists examine EUR/DKK trading at its weakest level since the Euro’s introduction and argues Nationalbanken may have quietly shifted its de facto intervention band.
Tue, Jun 30
Brazilian Real: Rising rates signal currency risk – Commerzbank
Commerzbank FX analyst Michael Pfister examines why higher Brazilian interest rate expectations tend to weaken the Brazilian Real (BRL) rather than support it.
Tue, Jun 30
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $58.58 per troy ounce, up 0.54% from the $58.27 it cost on Monday.
Tue, Jun 30
British Pound: Sterling seen grinding lower against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses British Pound (GBP) performance around United Kingdom (UK) political developments, focusing on potential leadership by Burnham and adherence to existing fiscal rules.
Tue, Jun 30
New Zealand Dollar advances as ANZ outlook jumps
NZD/USD gains ground for the second successive day, trading around 0.5650 during the European hours on Tuesday. The New Zealand Dollar (NZD) maintains its upward momentum, drawing strong support from a sharp rebound in domestic sentiment.
Tue, Jun 30
Oil: Upside risks linger as recovery questioned – ING
ING strategists Michiel Tukker and Benjamin Schroeder note that Oil has returned to pre-war levels but argue the market is overly optimistic about the speed and durability of the supply recovery.
Tue, Jun 30
Japanese Yen hangs near four-decade low vs USD as carry trade counters intervention risks
The USD/JPY pair sticks to a bullish bias for the second consecutive day and trades around the 162.30 region during the first half of the European session, near a four-decade high touched earlier this Tuesday.
Tue, Jun 30
Italy Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June
Italy Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June
Tue, Jun 30
