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Germany IFO – Business Climate in line with forecasts (85.6) in June
Germany IFO – Business Climate in line with forecasts (85.6) in June
EUR/USD
Fxstreet
Wed, Jun 24
Switzerland ZEW Survey – Expectations: -25 (June) vs previous -11.1
Switzerland ZEW Survey – Expectations: -25 (June) vs previous -11.1
USD/CHF
Fxstreet
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.
Fxstreet
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:
Fxstreet
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.
USD/JPY
Fxstreet
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.
USD/CHF
US Dollar Index
Fxstreet
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.
GBP/USD
Fxstreet
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.
USD/CAD
US Dollar Index
Fxstreet
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.
Fxstreet
Wed, Jun 24
EUR/GBP Price Forecasts: Testing 10-month lows at 0.8611 in risk-off markets
The Euro (EUR) extends losses for the fourth consecutive day against the British Pound (GBP) on Wednesday. The EUR/GBP pair has lost about 0.6% so far this week and is testing the 0.8610 area at the time of writing, its lowest level in the last 10 months.
EUR/GBP
Fxstreet
Wed, Jun 24
New Zealand Dollar weakens to near 0.5650 on hawkish Fed stance
The NZD/USD pair trades in negative territory for the sixth consecutive day near 0.5655 during the early European trading hours on Wednesday.
NZD/USD
Fxstreet
Wed, Jun 24
Japanese Yen: Bears eye 2024 low at 162.00 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY remains in a range-trading phase intraday, projected between 161.20 and 161.80 after a narrow 161.25–161.73 session.
USD/JPY
Fxstreet
Wed, Jun 24
USD/JPY Price Forecast: Range tightens further at around 161.60
The USD/JPY pair trades in a limited range around 161.60 during the European trading session on Wednesday. The pair consolidates as hawkish Bank of Japan (BoJ) bets are supporting the Japanese Yen (JPY) against the US Dollar’s (USD) continued outperformance.
USD/JPY
Fxstreet
Wed, Jun 24
Indian Rupee declines further against US Dollar as hawkish Fed bets remain firm
The Indian Rupee (INR) opens lower, as expected, against the US Dollar (USD) on Wednesday, with the USD/INR pair rising to near 94.85.
Fxstreet
Wed, Jun 24
AUD/JPY Price Forecast: Weakens below 112.00 on intervention fears, bearish bias below 100-day SMA
The AUD/JPY cross trades in negative territory around 111.70 during the early European trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders are on high alert for currency intervention from Japanese authorities.
AUD/JPY
Fxstreet
Wed, Jun 24
British Pound extends the decline below 1.3200 on UK political instability concerns
The GBP/USD pair loses traction to around 1.3195 during the early European trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid political instability following Keir Starmer’s resignation as Prime Minister.
GBP/USD
Fxstreet
Wed, Jun 24
Australian Dollar struggles near April lows vs firmer USD as bears await 0.6900 break
The AUD/USD pair turns lower for the third straight day following a modest Asian session uptick to the 0.6920-0.6925 area and drops to a fresh low since April 7 on Wednesday.
AUD/USD
Fxstreet
Wed, Jun 24
EUR/JPY Price Forecast: Tests symmetrical triangle bottom near 183.50
EUR/JPY extends its losses for the third successive day, trading around 183.60 during the Asian hours on Wednesday.
EUR/JPY
Fxstreet
Wed, Jun 24
EUR/USD Price Forecast: Hits one-year low, eyes 1.1350 as bullish USD offsets oversold RSI
The EUR/USD pair drifts lower for the third straight day – also marking the fifth day of a negative move in the previous six – and drops to over a one-year low during the Asian session on Wednesday.
EUR/USD
Fxstreet
Wed, Jun 24
Swiss Franc slips to seven-month lows ahead of ZEW Survey Expectations
USD/CHF extends its gains for the sixth successive day, reaching a seven-month high of 0.8107 during the Asian hours on Wednesday. The pair rises as the Greenback strengthens on the complex Middle East situation.
USD/CHF
Fxstreet
Wed, Jun 24
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