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Japanese Yen: Holds near multi-year lows against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang sees USD/JPY continuing to consolidate just below the 2024 high of 162.00, with intraday trading expected between 161.45 and 161.95.
Mon, Jun 29
United States Dollar Index declines as US-Iran attacks halt
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues its losing streak for the third consecutive day and is trading around 101.20 during the European hours on Monday.
Mon, Jun 29
S&P 500: Tech-led correction after chip rout – Deutsche Bank
Deutsche Bank Research reports that the S&P 500 and Nasdaq fell last week in a global tech sell-off, with the Magnificent 7 entering correction territory. Chipmakers led the weakness as the Philly Semiconductor Index slumped despite Micron’s revenue beat.
Mon, Jun 29
Indian Rupee: Lower oil prices supports against US Dollar – Commerzbank
Commerzbank’s Charlie Lay and Dr. Henry Hao note that the outlook for the Indian Rupee (INR) has brightened as lower Oil prices and renewed foreign capital inflows ease balance-of-payments pressures.
Mon, Jun 29
USD/CAD Price Forecast: Holds losses below 1.4200 within overbought zone
USD/CAD loses ground for the third successive day, trading around 1.4180 during the early European hours on Monday. The pair continues its losing streak after pulling back from 14-month highs.
Mon, Jun 29
USD/JPY Price Forecast: Remains sideways below 162.00 despite Japan intervention fears
The USD/JPY pair trades in a tight range around 161.80 during the European trading session on Monday. The pair struggles for a direction while market experts remain confident of Tokyo’s intervention to support the Japanese Yen (JPY).
Mon, Jun 29
Oil: downside momentum persists as risks linger – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil has posted only modest gains despite renewed US–Iran tensions and elevated risks in the Strait of Hormuz.
Mon, Jun 29
Spain Harmonized Index of Consumer Prices (MoM) up to 0.6% in June from previous 0.1%
Spain Harmonized Index of Consumer Prices (MoM) up to 0.6% in June from previous 0.1%
Mon, Jun 29
Spain Retail Sales (YoY) rose from previous 0.8% to 1.3% in May
Spain Retail Sales (YoY) rose from previous 0.8% to 1.3% in May
Mon, Jun 29
Spain Consumer Price Index (MoM) rose from previous 0.1% to 0.6% in June
Spain Consumer Price Index (MoM) rose from previous 0.1% to 0.6% in June
Mon, Jun 29
Spain Consumer Price Index (YoY) meets forecasts (3.2%) in June
Spain Consumer Price Index (YoY) meets forecasts (3.2%) in June
Mon, Jun 29
Turkey Economic Confidence Index climbed from previous 97.2 to 98.9 in May
Turkey Economic Confidence Index climbed from previous 97.2 to 98.9 in May
Mon, Jun 29
Spain Harmonized Index of Consumer Prices (YoY) remains at 3.6% in June
Spain Harmonized Index of Consumer Prices (YoY) remains at 3.6% in June
Mon, Jun 29
WTI falls below $70.00 on US-Iran ceasefire talks uncertainty
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.80 during the early European trading hours on Monday. The WTI price declines amid uncertainty surrounding US-Iran talks.
Mon, Jun 29
Forex Today: Cautious start to week as markets assess latest on US-Iran conflict
Here is what you need to know on Monday, June 29:
Mon, Jun 29
US Dollar: Supported with elevated real yields – MUFG
MUFG’s Lloyd Chan highlights that US Treasury yields have eased only slightly, leaving the broader rates backdrop supportive for the Dollar. Elevated real yields and a “high-for-longer” US rate narrative keep USD demand firm and Asia FX under pressure.
Mon, Jun 29
GBP/USD Price Forecast: Pound keeps looking for direction around 1.3200
The British Pound (GBP) is practically flat against the US Dollar (USD) on Monday, with Pound bulls subdued amid rising geopolitical tensions and the UK’s political impasse, while the safe-haven USD treads water, awaiting an array of US employment indicators.
Mon, Jun 29
British Pound: Pound capped as bearish bias lingers against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that GBP/USD continues to lack clear momentum, with intraday action expected between 1.3175 and 1.3225. The bank maintains a negative 1–3 week view, seeing scope for a drop toward 1.3110 while strong resistance at 1.3245 caps upside.
Mon, Jun 29
Dogecoin Price Forecast: DOGE in a clear bearish spiral risks losing another battle for survival
Dogecoin (DOGE) price remains in an extended downward trend, as the broader market risk-off sentiment weighs down on DOGE derivatives. From a technical viewpoint, DOGE risks deeper corrections as bearish momentum remains dominant despite indicators flashing oversold conditions.
Mon, Jun 29
Solana Price Forecast: Improving on-chain and derivatives metrics boost SOL rebound
Solana (SOL) is attempting to build on its recovery, trading above $71 on Monday after a modest loss in the previous week. Improving derivatives sentiment and strengthening on-chain activity back the rebound thesis for SOL.
Mon, Jun 29
