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Oil: US-Iran progress weighs on prices – Commerzbank
Commerzbank reports that diplomatic progress in US-Iran talks has pressured Oil, with Brent falling to USD 77.90 and WTI also lower. A 60‑day US license allows Iran to sell crude internationally, and more than 30 million barrels have already departed for Asia.
Tue, Jun 23
United States Dollar Index hovers around 101.00 ahead of US PMI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds gains near a 13-month high of 101.13, reached on June 19, during the early European hours on Tuesday. Traders await S&P Global US Purchasing Managers Index (PMI) data due later in the day.
Tue, Jun 23
Forex Today: US Dollar stays resilient ahead of key PMI data
Here is what you need to know on Tuesday, June 23:
Tue, Jun 23
Japanese Yen: Downside bias as BoJ lags Fed – MUFG
MUFG’s Michael Wan notes that the US Dollar (USD) is edging stronger, with USD/JPY moving closer to 162.00 as Asian currencies weaken in an orderly fashion. He highlights a sharp intraday move in the Japanese Yen (JPY) and possible policy discussions between US and Japanese officials.
Tue, Jun 23
WTI slumps below $73.00 as traders continue to watch US-Iran peace talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.75 during the early European trading hours on Tuesday. The WTI price falls to the lowest level since early March as traders continue to watch US-Iran moves.
Tue, Jun 23
NZD/USD Price Forecast: Kiwi tests YTD lows at 0.5683 in cautious markets
The New Zealand Dollar (NZD) extends losses against the US Dollar (USD) for the fifth consecutive day on Tuesday, reaching levels sub-0.5700, and approaching year-to date lows, at 0.5683.
Tue, Jun 23
France Business Climate in Manufacturing below expectations (101) in June: Actual (100)
France Business Climate in Manufacturing below expectations (101) in June: Actual (100)
Tue, Jun 23
Euro: Rate spread pressure EUR against US Dollar – Danske Bank
Danske Research Team notes that EUR/USD started the week under pressure as widening interest rate differentials favor the US Dollar over the Euro.
Tue, Jun 23
AUD/USD Price Forecast: Tests descending channel bottom around 0.6950
AUD/USD continues its losing streak for the sixth consecutive day, trading around 0.6960 during the Asian hours on Tuesday. The technical analysis of the daily chart shows the pair remaining within the descending channel pattern, suggesting a prevailing bearish bias.
Tue, Jun 23
Hyperliquid Price Forecast: Takes a breather after new all-time highs
Hyperliquid (HYPE) remains under pressure and is stabilizing around $66 on Tuesday after retreating from its record high of $76.9 reached last week.
Tue, Jun 23
GBP/USD Price Forecast: Bearish bias persists as pair tests Symmetrical Triangle breakdown zone
The British Pound (GBP) trades slightly lower against its major currency peers during the European trading session on Tuesday, but remains firm against Asia-Pacific currencies.
Tue, Jun 23
British Pound: Range trading with downside risk against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD closed little changed at 1.3250 after intraday swings, leaving momentum broadly flat and favoring near-term range trading between 1.3205 and 1.3275.
Tue, Jun 23
Euro: Services PMI reaction in focus – Commerzbank
Commerzbank’s Michael Pfister highlights persistent headwinds for the Euro after dovish comments from European Central Bank (ECB) President Christine Lagarde reduced market expectations to roughly 33 basis points of further tightening this year.
Tue, Jun 23
Japan’s core CPI, excluding special factors, climbs 2.7% in May vs. 2.8% rise in April
The Bank of Japan (BoJ) said on Tuesday that Japan's core consumer inflation rate excluding one-off factors, as measured by the Japanese central bank's new gauge, climbed 2.7% in May. This figure exceeded the BoJ’s 2% target and eased from 2.8% in April.
Tue, Jun 23
Euro declines below 1.1450 on US-Iran peace deal uncertainty
The EUR/USD pair trades with mild losses around 1.1425 during the early European session on Tuesday. The US Dollar (USD) edges higher against the Euro (EUR) amid risk-off sentiment and a hawkish Federal Reserve (Fed) stance.
Tue, Jun 23
Solana Price Forecast: Bears cap SOL below $75 as ETF, retail demand wanes
Solana (SOL) edges below $72 on Tuesday, risking a third consecutive day of losses that could erase the 5% gains from Friday. SOL-focused Exchange Traded Funds (ETFs) reflect muted demand from institutional investors following a minor recovery last week.
Tue, Jun 23
Indian Rupee grinds between firm US Dollar and lower oil prices
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday.
Tue, Jun 23
USD/JPY Price Forecast: Holds above 161.50; eyes multi-decade top despite intervention fears
The USD/JPY pair enters a bullish consolidation phase during the Asian session on Tuesday and currently trades just above 161.50 amid mixed fundamental cues.
Tue, Jun 23
India's HSBC Manufacturing PMI eases in June: What 54.5 means for the Indian Rupee
The preliminary reading of India's HSBC Manufacturing Purchasing Managers Index (PMI) eases to 54.5 in June versus 55.0 prior, the latest data published by S&P Global and HSBC Bank showed on Tuesday.
Tue, Jun 23
India HSBC Services PMI down to 57.3 in June from previous 59.8
India HSBC Services PMI down to 57.3 in June from previous 59.8
Tue, Jun 23
