FXStreet
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FXStreet is made up of a team of approximately 60 people, 30 of them working from the head office in Barcelona. The rest of the staff is working from around the world.
US Dollar: Fed-driven strength and revised path – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that a more hawkish Federal Reserve and flatter US yield curve have replaced high Oil prices as the main support for the Dollar.
Mon, Jun 29
UK’s Burnham promises of Labour’s policy continuation
United Kingdom (UK) Greater Manchester Mayor Andy Burnham has stated during the European trading session on Monday that his plans after getting the leadership position would be consistent with Labour’s 2024 manifesto.
Mon, Jun 29
Gold: Central bank flows and real yields – Societe Generale
Societe Generale strategists Michael Haigh and Jeremy Sellem examine World Gold Council (WGC) survey data and market flows to gauge central bank demand for Gold.
Mon, Jun 29
Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead
Bitcoin (BTC) price continues to trend downward below the $60,000 support zone after losing over 50% of its value since the $126,199 high in October. Bitcoin’s four-year cycle, measured from cycle tops to bottoms, suggests that four months of a bear market are still ahead.
Mon, Jun 29
India Cumulative Industrial Output increased to 5.1% in May from previous 4.1%
India Cumulative Industrial Output increased to 5.1% in May from previous 4.1%
Mon, Jun 29
India Industrial Output rose from previous 4.9% to 5.1% in May
India Industrial Output rose from previous 4.9% to 5.1% in May
Mon, Jun 29
India Manufacturing Output declined to 5.5% in May from previous 6.2%
India Manufacturing Output declined to 5.5% in May from previous 6.2%
Mon, Jun 29
Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks
Bitcoin (BTC) reclaims $60,000 on Monday after a nearly 6% correction and closing below the key technical level. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.79 billion in net outflows last week, the highest for this period since the end of February.
Mon, Jun 29
CEE FX: Pressure returns with stronger Dollar – ING
ING strategist Frantisek Taborsky notes that a stronger Dollar and lower Oil have led markets to outprice most rate hikes in Poland and the Czech Republic, adding pressure on regional FX.
Mon, Jun 29
EUR/USD Price Forecasts: Struggling to regain 1.1400 amid geopolitical uncertainty
The Euro (EUR) ticks higher against the US Dollar (USD) on Monday but is struggling to confirm a move above 1.1400, with the 13-month low in the 1.1320 area still within relatively close reach.
Mon, Jun 29
Euro: Shifts from selloff to consolidation against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports EUR/USD briefly spiked to 1.1434 before retreating, leaving intraday momentum subdued and the pair expected to trade between 1.1360 and 1.1410.
Mon, Jun 29
Japanese Yen: Data and BoJ Tankan to guide policy – Deutsche Bank
Deutsche Bank Research points to a busy week for Japan, with strong May retail sales already released and industrial production data due.
Mon, Jun 29
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $58.18 per troy ounce, down 1.63% from the $59.14 it cost on Friday.
Mon, Jun 29
Belgium Consumer Price Index (YoY) down to 3.4% in June from previous 4.08%
Belgium Consumer Price Index (YoY) down to 3.4% in June from previous 4.08%
Mon, Jun 29
Belgium Consumer Price Index (MoM): 0.3% (June) vs -0.08%
Belgium Consumer Price Index (MoM): 0.3% (June) vs -0.08%
Mon, Jun 29
USD/CAD Price Forecast: Might correct further to near 1.4140 as oscillators start cooling down
The USD/CAD pair trades flat at around 1.14195 during the European trading session on Monday. The Loonie pair consolidates as investors shift focus to the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday.
Mon, Jun 29
Gold weakens on US-Iran de-escalation, expectations of Fed tightening
Gold (XAU/USD) trades around $4,050 at the time of writing on Monday, down 0.96% on the day, as investors slightly reduce their exposure to safe-haven assets following the latest developments surrounding tensions between the United States (US) and Iran.
Mon, Jun 29
Gold: Shallow rallies in two-way trading – OCBC
OCBC’s Sim Moh Siong and Christopher Wong argue Gold may struggle to attract a clear haven bid despite renewed US–Iran tensions, as markets focus more on Oil shock risks, Dollar rebound and broader de-risking.
Mon, Jun 29
Iran and Oman say they hold sovereignty over Strait of Hormuz
Iranian Deputy Foreign Minister Kazem Gharibabadi has stated in a post on X, formerly known as Twitter, that Tehran has concluded a meeting with Oman in which review current issues related to the Strait of Hormuz, a critical chokepoint to almost 20% of global energy supply.
Mon, Jun 29
US Dollar Index: Policy divergence supports stronger outlook – MUFG
MUFG’s Lee Hardman notes the US Dollar index (DXY) is trading just below year-to-date highs, with the US Dollar posting a second straight week of gains after the Fed’s hawkish update.
Mon, Jun 29
