News
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FxstreetJul 2, 2024
FX option expiries for July 2 NY cut
ECB’s Wunsch: Barring major negative surprises, ECB has room for second rate cut
NZD/USD seems vulnerable near mid-0.6000s, lowest since May 15 amid stronger USD
USD/CHF attracts some buyers near 0.9040, eyes on Fed’s Powell speech
Investing.comJul 2, 2024
Gold prices tick lower with Powell, payrolls in focus; copper weak
EUR/USD Price Analysis: Hovers around 1.0750 within the consolidative range
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
