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EUR/JPY Price Forecast: Trades above 185.00 after rebounding from ascending channel bottom
EUR/JPY gains ground after registering modest losses in the previous day, trading around 185.10 during the early European hours on Thursday. The currency cross holds a capped tone as spot has slipped just under the nine-period and 50-period Exponential Moving Averages (EMAs).
Thu, Jun 18
USD/CAD Price Forecast: Gains ground above 1.4100, but overbought signals flag pullback risk
The USD/CAD pair trades on a positive note near 1.4105 during the early European trading hours on Thursday. The US Dollar (USD edges higher against the Canadian Dollar (CAD) after a hawkish hold by the Federal Reserve (Fed) triggered rate-hike bets despite a US-Iran deal.
Thu, Jun 18
Forex Today: US Dollar rallies on hawkish Fed, focus shifts to BoE
Here is what you need to know on Thursday, June 18:
Thu, Jun 18
United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank
Deutsche Bank’s Early Morning Reid team notes that Kevin Warsh’s hawkish debut as Fed Chair and a more aggressive dot plot pushed markets to fully price a Fed hike by October.
Thu, Jun 18
Gold: Higher yields and stronger Dollar weigh – Deutsche Bank
Deutsche Bank notes that the hawkish Fed repricing and stronger Dollar pressured Gold prices. The bank points out that risk assets sold off after the FOMC, with Gold declining alongside Bitcoin as 2‑year Treasury yields surged.
Thu, Jun 18
Euro trims gains against the British Pound after UK jobs data, BoE rate decision looms
The EUR/GBP cross pares gains near 0.8650 during the early European trading hours on Thursday. The British Pound (GBP) trades flat against the Euro (EUR) following the UK employment report. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.
Thu, Jun 18
Switzerland Exports (MoM) increased to 25128M in May from previous 22286M
Switzerland Exports (MoM) increased to 25128M in May from previous 22286M
Thu, Jun 18
Switzerland Imports (MoM) fell from previous 19188M to 19018M in May
Switzerland Imports (MoM) fell from previous 19188M to 19018M in May
Thu, Jun 18
Dogecoin Price Forecast: DOGE risks a steeper decline, discounting ETF inflow
Dogecoin (DOGE) is trading in the red below $0.08500 for the fourth straight day as broader market interest shifts toward real-world utility tokens. The meme coin is losing retail strength despite a mild institutional inflow on Wednesday after 10 days of silence.
Thu, Jun 18
United Kingdom Claimant Count Rate climbed from previous 4.4% to 4.5% in May
United Kingdom Claimant Count Rate climbed from previous 4.4% to 4.5% in May
Thu, Jun 18
United Kingdom Unemployment Rate falls to 4.9% in April: What it means for the British Pound
The United Kingdom’s (UK) ILO Unemployment Rate fell to 4.9% in the three months to April after reporting 5.0% in the previous reading, data published by the Office for National Statistics (ONS) showed on Thursday. The data came in below the market consensus of 5.0%.
Thu, Jun 18
Switzerland Trade Balance increased to 6110M in May from previous 3098M
Switzerland Trade Balance increased to 6110M in May from previous 3098M
Thu, Jun 18
United Kingdom Employment Change (3M) came in at 100K, above forecasts (80K) in April
United Kingdom Employment Change (3M) came in at 100K, above forecasts (80K) in April
Thu, Jun 18
United Kingdom Average Earnings Including Bonus (3Mo/Yr) came in at 4.4%, above expectations (4%) in April
United Kingdom Average Earnings Including Bonus (3Mo/Yr) came in at 4.4%, above expectations (4%) in April
Thu, Jun 18
United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5%) in April
United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5%) in April
Thu, Jun 18
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) registered at 3.4% above expectations (3.2%) in April
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) registered at 3.4% above expectations (3.2%) in April
Thu, Jun 18
United Kingdom Claimant Count Change registered at 31.2K above expectations (25.8K) in May
United Kingdom Claimant Count Change registered at 31.2K above expectations (25.8K) in May
Thu, Jun 18
BoE expected to keep interest rate unchanged as inflation pressures abate
The Bank of England (BoE) is on track to leave the benchmark Bank Rate unchanged at 3.75% for the fourth consecutive time on Thursday, as the US-Iran peace deal and the softer-than-expected consumer inflation figures seen earlier in the week have eased pressures to tighten its monetary policy.
Thu, Jun 18
Solana Price Forecast: Mixed sentiment caps upside move
Solana (SOL) extends its decline, trading below $72 on Thursday after losing over 2.5% in the last two days. Institutional demand shows mild optimism as spot Exchange Traded Funds (ETFs) recorded an inflow of $1.06 million on Wednesday, marking the third consecutive day of inflow so far this week.
Thu, Jun 18
160.80: Japanese Yen remains close to nearly two-year lows
USD/JPY inches lower after four days of gains, trading around 160.60 during the Asian hours on Thursday.
Thu, Jun 18
