FXStreet
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GBP/USD Price Forecast: Resumes downside after testing Triangle breakdown zone
The British Pound (GBP) trades 0.38% lower at around 1.3150 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces intense selling pressure as the US Dollar outperforms due to hawkish Federal Reserve (Fed) bets.
Wed, Jun 24
US Dollar: Fed guidance and PCE risks – DBS
DBS Group Research’s Philip Wee notes that the US Dollar (USD) has strengthened, with the US Dollar Index (DXY) at its highest since May 2025 after a hawkish Federal Open Market Committee (FOMC).
Wed, Jun 24
Gold bears target $4,000 as stronger US Dollar and Fed rate-hike bets weigh
Gold (XAU/USD) falls on Wednesday, revisiting the seven-month low touched earlier this month as hawkish Federal Reserve (Fed) expectations and the resulting strength in the US Dollar (USD) keep the precious metal under pressure.
Wed, Jun 24
Euro: Testing 1.1300 risk grows against US Dollar – ING
ING’s Francesco Pesole highlights that EUR/USD has been pressured by an equity sell-off and weak German PMIs, reinforcing a US-EU growth divergence narrative. He notes a wider EUR:USD two-year swap differential and a renewed Dollar risk premium.
Wed, Jun 24
Gold Price Forecast: XAU/USD heads for the $4,000 level as US Dollar marches higher
Gold (XAU/USD) extends losses for the second consecutive day on Wednesday as the US Dollar Index (DXY) surges to 13-month highs near 102.00. The precious metal has breached the 4,100 line and is heading to retest Year-to-date lows, at $4,023, and probably also the $4,000 psychological level.
Wed, Jun 24
United States MBA Mortgage Applications: 1% (June 19) vs -3.8%
United States MBA Mortgage Applications: 1% (June 19) vs -3.8%
Wed, Jun 24
SNB’s Tschudin: Ready to intervene in FX market if necessary
The comments from Swiss National Bank (SNB) policymaker Petra Tschudin released during the European trading session on Wednesday indicate that medium-term inflation pressures remain unchanged and the central bank is ready to intervene in the FX market if necessary.
Wed, Jun 24
Cardano Price Forecast: ADA vulnerable to deeper losses amid SecondFi exploit
Cardano (ADA) price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days.
Wed, Jun 24
Bitcoin Price Forecast: BTC struggles as institutional demand remains weak
Bitcoin (BTC) remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.
Wed, Jun 24
Strait of Hormuz talks begin as Gulf states oppose transit fees
Discussions on the future of the Strait of Hormuz could soon gain momentum. According to Reuters, Qatar's Prime Minister is in Muscat on Wednesday to initiate, alongside Oman, a dialogue process involving Iran, the Gulf states and Iraq on the reopening and future operation of the strategic waterway.
Wed, Jun 24
NZD/USD Price Forecast: Kiwi hits fresh YTD lows below 0.5650 as the US Dollar soars
The New Zealand Dollar (NZD) is failing to find a bottom as rising hopes of monetary tightening by the US Federal Reserve (Fed) and dismal market mood are boosting the safe-haven US Dollar (USD) on Wednesday.
Wed, Jun 24
Euro edges lower vs Yen as German sentiment, ECB caution meet Japan intervention fears
EUR/JPY edges lower on Wednesday, trading around 183.55 at the time of writing, down 0.17%, as investors assess the impact of improving economic sentiment in Germany against rising intervention risks in Japan’s foreign exchange market.
Wed, Jun 24
Australian Dollar: Valuation gap and downside risks – Societe Generale
Societe Generale analysts note AUD/USD remains under pressure, converging on the 0.69 area and the March–April trough near 0.6833, despite a sharp tightening in the 2‑year spread to 39bp.
Wed, Jun 24
Euro: Yield gap drives downside risk against US Dollar – MUFG
MUFG’s Lee Hardman notes that EUR/USD has broken below its long-held 1.1400–1.1800 range as diverging ECB and Fed policy expectations weigh on the Euro. Softer Euro-zone data and easing energy prices are reducing pressure on the ECB to hike further, while the Fed is priced for multiple hikes.
Wed, Jun 24
Silver Price Forecasts: XAG/USD licks its wounds above $61.00 amid a strong US Dollar
Silver (XAG/USD) nurses marginal losses, trading a few cents above the $61.00 level on Wednesday’s European trading session.
Wed, Jun 24
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $61.15 per troy ounce, down 0.72% from the $61.60 it cost on Tuesday.
Wed, Jun 24
US Dollar: Strength reflected in year-end forecast revisions – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that recent AI-related equity weakness has boosted safe-haven demand and supported the Dollar.
Wed, Jun 24
AUD/USD Price Forecast: More downside looks likely towards 0.6830
The AUD/USD pair is down 0.28% to near 0.6900 during the European trading session on Wednesday, the lowest level seen in over two months.
Wed, Jun 24
Oil: Market questions pace of Gulf supply recovery – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices are grinding lower as flows from the Persian Gulf gradually recover, with ICE Brent down over 1%. They argue the sell-off looks overdone given a still-tightening market and limited recovery in Strait of Hormuz volumes.
Wed, Jun 24
United States Dollar Index holds above 101.50 on hawkish Fed bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues its winning streak for the third successive day and is reaching a fresh 13-month high of 101.60 during the European hours on Wednesday.
Wed, Jun 24
