News
Important Only
USD/CAD gains traction above 1.3700 as US Dollar rebounds ahead of Fed’s Powell speech
ECB's Lane: June inflation data seems in line with our assessment
FxstreetJul 2, 2024
Forex Today: EU inflation data, Lagarde and Powell speeches to drive markets
EUR/GBP holds positive ground above 0.8450 ahead of Eurozone inflation data
India Gold price today: Gold steadies, according to FXStreet data
Investing.comJul 2, 2024
Bitcoin price today: flat at $62k amid Mt Gox fears, rate jitters
Cryptocurrencies
Bitcoin price today: flat at $62k amid Mt Gox fears, rate jitters
Investing.com-- Bitcoin price moved little on Tuesday as anticipation of token distributions from the now defunct exchange Mt Gox, along with closely-watched cues on interest rates, kept crypto marketInvesting.com
Jul 2, 2024
Economic Indicator
ECB’s Wunsch: Barring major negative surprises, ECB has room for second rate cut
European Central Bank (ECB) policymaker Pierre Wunsch said in a Reuters interview that “barring major negative surprises, ECB has room for a second rate cut.” Additional quotes "A small deviation from the projections would not change this view dramatically." “Subsequent moves should only come once ECB has confidence that inflation is moving towards 2%.” Market reaction As of writing, EUR/USD is losing 0.09% on the day to trade near 1.0730, awaiting the Eurozone preliminary inflation readings for a freshFxstreet
Jul 2, 2024
Commodities
Gold prices tick lower with Powell, payrolls in focus; copper weak
Investing.com-- Gold prices fell slightly in Asian trade on Tuesday, remaining in a tight trading range as anticipation of a slew of cues on U.S. interest rates kept traders largely averse towards metInvesting.com
Jul 2, 2024
Forex
Asia FX muted as dollar steadies ahead of rate cues; yen weakens further
Investing.com-- Most Asian currencies weakened slightly on Tuesday as the dollar recovered from recent losses before a barrage of cues on interest rates, while the Japanese yen weakened further into tInvesting.com
Jul 2, 2024
