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.
MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU
The cryptocurrency market is losing momentum and liquidity due to the lack of a bullish catalyst, such as Artificial Intelligence (AI), which is reducing retail and institutional participation.
Tue, Jun 23
GBP/JPY Price Forecasts: Pound retreats to 213.20, lacking a clear bias
The British Pound (GBP) pares Monday’s gains against the Japanese Yen (JPY) on Tuesday, weighed down by higher intervention risks and downbeat UK business activity figures.
Tue, Jun 23
Canadian Dollar: BoC patience persists with firmer CPI – TD Securities
TD Securities strategists note that Canadian headline Consumer Price Index (CPI) for May surprised to the upside, driven by energy and seasonal factors, while core measures remained stable near 2%.
Tue, Jun 23
Iran signals no early nuclear talks as it rules out missile negotiations
Iran reaffirmed its red line on military issues on Tuesday, as markets continue to monitor geopolitical developments in the Middle East.
Tue, Jun 23
Euro: Inflation scare questioned as 1.13 level eyed – Societe Generale
Societe Generale’s Kenneth Broux and colleagues highlight softer Eurozone PMI price data and a dovish tone from European Central Bank (ECB) President Lagarde as key drivers for EUR/USD. They see the 1.13-handle as in focus, with support around 1.1390 and 1.1350.
Tue, Jun 23
Japanese Yen edges up from long-term lows amid higher intervention risks
The Japanese Yen (JPY) is picking up against the US Dollar (USD) on Tuesday after hitting lows a few pips above the 40-year low of 161.95 on Monday.
Tue, Jun 23
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $62.18 per troy ounce, down 4.47% from the $65.09 it cost on Monday.
Tue, Jun 23
Fed: Warsh era brings quieter guidance – BNY
BNY’s John Velis and David Tam argue that Chair Kevin Warsh is steering Federal Reserve communications toward less forward guidance and a stronger emphasis on price stability.
Tue, Jun 23
Indian Rupee: Support from flows and policy backdrop – DBS
DBS Group Research economist Radhika Rao notes that India’s 10Y government bond yield has remained confined between 6.90% and 7.05% as domestic and global drivers offset each other.
Tue, Jun 23
British Pound sticks to intraday losses vs bullish USD after downbeat UK PMIs
The GBP/USD pair adds to its modest intraday losses and touches a fresh daily low, around the 1.3215-1.3210 region during the first half of the European session.
Tue, Jun 23
WTI rebounds toward $73.50 as Iran's nuclear program uncertainty prevails
West Texas Intermediate (WTI) oil price extends losses for the second consecutive day, trading around $73.40 per barrel during the European hours on Tuesday. However, Crude oil prices pare its daily losses over persisting uncertainty surrounding Iran's nuclear program.
Tue, Jun 23
Gold price extends losses into fourth consecutive week: Is the safe-haven bid finally cracking?
Gold has fallen for a third consecutive week, dropping to its lowest level since mid-June as a stronger US Dollar and hawkish Federal Reserve expectations erode the metal's appeal.
Tue, Jun 23
US S&P Global PMI expected to show steady business growth in June
S&P Global will release the June flash Purchasing Managers' Indices (PMIs) for most major economies, with the United States (US) data scheduled on Tuesday. These surveys of top private-sector executives are seen as an early indicator of the country’s economic health.
Tue, Jun 23
ECB’s Lane: A range of forward-looking signals point to inflationary pressures in coming months
European Central Bank (ECB) Chief Economist Philip Lane said at the European Parliament in Brussels that inflationary pressures in the Eurozone economy could remain above 2% for quite some time despite peace prospects between the United States (US) and Iran.
Tue, Jun 23
Brent: Hormuz risk premium fades, forecast steady – OCBC
OCBC’s Christopher Wong notes that easing US–Iran tensions have pushed Brent below USD80 as markets price a high probability of normalised Strait of Hormuz flows.
Tue, Jun 23
Dow Jones futures slip as Iran denies IAEA inspection claims
Dow Jones futures fall by 0.72%, trading near 51,750 during the European hours on Tuesday. However, S&P 500 futures are down by 1.4% near 7,430, while Nasdaq 100 futures decline 2.29%, trading near 29,950 at the time of writing.
Tue, Jun 23
Japanese Yen: Hovers near multi‑decade lows against US Dollar – Deutsche Bank
Deutsche Bank’s Early Morning Reid highlights that the Japanese Yen remains under pressure, trading close to 40‑year lows versus the US Dollar.
Tue, Jun 23
United Kingdom flash S&P Global Services PMI unexpectedly arrives lower at 48.7 in June vs. 50.0 estimates
Preliminary United Kingdom flash S&P Global Services Purchasing Managers’ Index (PMI) declines at a faster pace to 48.7 in June from 49.3 in May. The Services PMI was expected to arrive higher at 50.0, a figure that separates expansion from contraction.
Tue, Jun 23
The Canadian Dollar hits 14-month lows: Why higher inflation is unlikely to support the Loonie for now
The Canadian Dollar (CAD) is facing renewed pressure as USD/CAD extends its rally to 14-month highs, with Societe Generale noting a decisive shift in momentum and RBC highlighting that domestic inflation remains skewed by volatile energy costs.
Tue, Jun 23
United Kingdom S&P Global Manufacturing PMI came in at 53.1, below expectations (53.6) in June
United Kingdom S&P Global Manufacturing PMI came in at 53.1, below expectations (53.6) in June
Tue, Jun 23
