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British Pound edges up above 1.3200 after PM Keir Starmer’s resignation
The British Pound (GBP) nudged up above 1.3200 against the US Dollar (USD) on Monday and maintains a mild positive tone, despite news that Sir Keir Starmer resigned as Prime Minister of the United Kingdom and Leader of the Labour Party.
Mon, Jun 22
US Dollar: Stronger footing with higher yields – MUFG
MUFG’s Lee Hardman notes the US Dollar remains firm after last week’s breakout, driven by a hawkish repricing of Fed rate hike expectations and a rebound in US yields. Markets now see roughly even odds of a near-term Fed hike, even as Oil prices fall on progress in US-Iran talks.
Mon, Jun 22
Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash
Shiba Inu (SHIB), the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021.
Mon, Jun 22
Silver Price Forecast: XAG/USD holds gains near $66.00 on US-Iran peace progress
Silver price (XAG/USD) advances after three days of losses, hovering around $66.00 per troy ounce during the European hours on Monday. However, Silver price gains ground as oil prices and inflation concerns ease following a positive development regarding the United States (US)-Iran peace deal.
Mon, Jun 22
NZD/USD drops to fresh low since April vs bullish USD amid hawkish Fed, Iran uncertainty
The NZD/USD pair drifts lower for the fourth consecutive day – also marking the sixth day of a negative move in the previous seven – and drops to its lowest level since April 8 during the first half of the European session on Monday.
Mon, Jun 22
Canadian Dollar: Downtrend extends versus US Dollar – Societe Generale
Societe Generale highlights that USD/CAD has accelerated higher after breaking a descending trend line in place since last year, signalling a momentum shift and an attempted breakout from a broad multi-month range.
Mon, Jun 22
AUD/USD Price Forecast: Dips below 0.7000, nearing 11-week lows
The Australian Dollar (AUD) extends losses against the US Dollar (USD) for the fifth consecutive day on Monday, trading just below the psychological 0.7000 level and drifting towards the 11-week low of 0.6979.
Mon, Jun 22
Australian Dollar strengthens against Japanese Yen due to carry-trades
AUD/JPY holds gains after experiencing volatility, trading around 113.10 during the European hours on Monday. The currency cross remains heavily bid as the Japanese Yen (JPY) continues to lose ground to widespread carry-trade activity.
Mon, Jun 22
Breaking: UK PM Starmer resigns, says nominations will open July 9
United Kingdom (UK) Prime Minister Keir Starmer announces his resignation and says that nominations for new contender will open on July 9.
Mon, Jun 22
Australian Dollar: Downward bias toward 0.6980 versus US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a negative stance on AUD/USD after a period of quiet price action around 0.7020.
Mon, Jun 22
Euro weakens against US Dollar as hawkish Fed bets hog limelight
The Euro (EUR) trades 0.23% lower against the US Dollar (USD) at around 1.1444 during the European trading session on Monday.
Mon, Jun 22
USD/CHF Price Forecast: Looking overstretched at YTD highs near 0.8100
The US Dollar (USD) keeps marching higher against the Swiss Franc (CHF) on Monday, trading at year-to-date highs around 0.8085 at the time of writing and starting to look overstretched after having rallied nearly 2% over the last four trading days.The US Dollar is drawing support from monetary poli
Mon, Jun 22
Euro: Pressured as US Dollar stays firm – Danske Bank
Danske Research Team notes that EUR/USD extended its latest decline on Friday, breaking firmly below the 1.15 mark as European yields rose in a bearish steepening.
Mon, Jun 22
USD/JPY Price Forecast: Nears two year high, around 161.75 as intervention risks loom
The USD/JPY pair catches aggressive bids at the start of a new week and builds on its steady intraday ascent through the early European session.
Mon, Jun 22
British Pound: Political uncertainty and EUR/GBP upside – Commerzbank
Commerzbank’s Michael Pfister highlights rising political uncertainty around UK Prime Minister Keir Starmer and the potential succession of Andy Burnham, stressing implications for the Pound. He warns that a drawn-out leadership struggle or looser fiscal stance could weigh on Sterling.
Mon, Jun 22
Canada CPI expected to show rising inflation in May
The publication of Canada’s May Consumer Price Index (CPI) figures on Monday will be the focus of attention.
Mon, Jun 22
Indonesian Rupiah: Fiscal risks keep caution – MUFG
Michael Wan at MUFG stresses that local factors matter for Asia FX, focusing on current account deficit currencies reliant on external funding.
Mon, Jun 22
Dow Jones futures move little due to US-Iran uncertainty, Fed hawkish outlook
Dow Jones futures inch lower by nearly 0.05%, trading near 51,980 during the European hours on Monday. However, S&P 500 futures are down by 0.09% near 7,560, while Nasdaq 100 futures advance 0.14%, trading near 30,760 at the time of writing.
Mon, Jun 22
ECB’s Escrivá: We need to monitor for second-round effects on wages
European Central Bank (ECB) policymaker and Governor of the Bank of Spain, José Luis Escrivá, said during the European trading session on Monday that the central bank needs to monitor for second-round effects on wages.
Mon, Jun 22
Forex Today: Markets remain cautious despite news of US and Iran making progress in talks
Here is what you need to know on Monday, June 22:
Mon, Jun 22
