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Germany IFO – Expectations registered at 84.1, below expectations (85) in June
Germany IFO – Expectations registered at 84.1, below expectations (85) in June
Wed, Jun 24
Germany IFO – Current Assessment came in at 87, above expectations (86.4) in June
Germany IFO – Current Assessment came in at 87, above expectations (86.4) in June
Wed, Jun 24
Germany IFO – Business Climate in line with forecasts (85.6) in June
Germany IFO – Business Climate in line with forecasts (85.6) in June
Wed, Jun 24
Switzerland ZEW Survey – Expectations: -25 (June) vs previous -11.1
Switzerland ZEW Survey – Expectations: -25 (June) vs previous -11.1
Wed, Jun 24
Chainlink Price Forecast: Global FX infrastructure partnership fails to lift sentiment
Chainlink (LINK) trades near $7.68 at the time of writing on Wednesday, falling nearly 2% so far this week. LINK remains under pressure despite announcing a strategic working group with several multinational organizations across Europe and South Korea to modernize foreign exchange infrastructure.
Wed, Jun 24
US equities: Tech-led setback weighs on indexes – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities experienced a classic risk-off session, with major indexes pressured by a sharp sell-off in chipmakers. The NASDAQ dropped more than the S&P 500 as semiconductor weakness dragged broader benchmarks lower.
Wed, Jun 24
Silver Price Forecast: XAG/USD rebounds toward $62.00 after hitting fresh six-month lows
XAG/USD holds ground after registering over 5% losses in the previous day, trading around $61.70 per troy ounce during the European hours on Wednesday.
Wed, Jun 24
Forex Today: US Dollar extends rally to fresh 13-month high
Here is what you need to know on Wednesday, June 24:
Wed, Jun 24
Singapore Dollar: Pressured with stronger US Dollar – Commerzbank
Commerzbank notes USD/SGD rose 0.3% to 1.2970 and has been grinding higher since mid-June on broader Dollar strength.
Wed, Jun 24
Japanese Yen: Intervention risk cushioned losses against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/JPY has broken back above 160, but intervention fears and official warnings are limiting upside relative to other G10 pairs.
Wed, Jun 24
USD/CHF Price Forecast: Nearing seven-month highs at 0.8125 amid wide US Dollar strength
The US Dollar (USD) extends its rally against the Swiss Franc (CHF) for the sixth consecutive day on Wednesday, as a tech rout in stock markets and the first cracks in the US-Iran peace deal have boosted demand for the safe-haven USD.
Wed, Jun 24
Euro: Dollar strength pushes EUR/USD below 1.1400 – Danske Bank
Danske Research Team notes that the US Dollar (USD) strengthened across G10, driving EUR/USD below 1.1400. The move came alongside a broader risk-off tone, with equities lower, VIX higher and Oil prices retreating.
Wed, Jun 24
Indonesian Rupiah weakens as hawkish Fed tone lifts US Dollar
USD/IDR gains ground for the third successive day, trading around 17,980 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) strengthens on expectations of further Fed tightening.
Wed, Jun 24
BoJ’s Ueda: Expect to continue raising interest rate as underlying inflation approaches 2%
In a speech prepared by Bank of Japan (BoJ) Governor Kazuo Ueda and read out by Deputy Governor Ryozo Himino during the European trading session on Wednesday, Ueda stated that the monetary policy path will remain on the upside, citing risks to inflation overshooting the 2% target.
Wed, Jun 24
British Pound: Pressure builds on 1.3160 support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann stay bearish on GBP/USD after the pair slipped to 1.3183, with downside momentum modest but building. Intraday, he sees scope for a test of the major 1.3160 support, while resistance is at 1.3235.
Wed, Jun 24
USD/CAD Price Forecast: Rally extends beyond 1.4200 on US Dollar’s continued outperformance
The USD/CAD pair posts a fresh over-a-year high at around 1.4225 during the European trading session on Wednesday.
Wed, Jun 24
United States Dollar Index Price Forecast: Gains ground above 101.50 amid overbought RSI signals
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.50 during the early European trading hours on Wednesday.
Wed, Jun 24
Gold: Fed expectations keep prices vulnerable – ING
ING analysts Warren Patterson and Ewa Manthey note that Gold has fallen toward $4,000 per ounce alongside a broader market sell-off, pressured by a stronger US Dollar and expectations of higher-for-longer Federal Reserve policy. Silver slumped 5%.
Wed, Jun 24
Indian Rupee: Supported by policy measures against US Dollar – Commerzbank
Commerzbank highlights that USD/INR has stabilised between 94.00 and 95.00 since mid-June, trading near 94.74.
Wed, Jun 24
RBA’s Hauser: Still have work to do to reduce inflation, which remains far too high
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said that the central bank still has work to do to reduce inflation, which remains far too high, Reuters reported on Wednesday.
Wed, Jun 24
