Author: FX

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, shifting the short-term bias to neutral. In the near term, the pair is expected to hold within 1.2920–1.2950, while over the next 1–3 weeks UOB sees a broader 1.2870–1.2970 range. Longer term, strong weekly momentum still favors a push above 1.3000 toward 1.3095.Dollar-Singapore Dollar holds neutral bias”24-HOUR VIEW: Yesterday, we indicated that USD “is likely to trade between 1.2930 and 1.2960.” However, USD edged to a low of 1.2922. The decline did not result in any clear increase in downward…

Stocks closed the quarter at a record while Bitcoin broke below $60,000, both before jobs. Updated scenarios, fresh levels, and the Thursday NFP event plan inside. Source link

What a half-year for memory.The theme of this group writes itself: nine of the ten are semis/hardware, and the leaders are a memory-and-storage cohort. SanDisk, Micron, Western Digital and Seagate are all riding the NAND/HBM/DRAM shortage colliding with AI data-center demand — SanDisk had already nearly +570% in 2025 as a pure-play flash name leveraged to a global NAND shortage, and the move has only extended. Dell is the AI-server proxy in the group; Corning is the optical/glass infrastructure play. AMD and Applied Materials round it out as the GPU and wafer-fab-equipment exposure.What’s equally remarkable is that this isn’t about…

Canada’s GDP rose 0.5% in April 2026, beating forecasts, but an oil-driven rebound and a weak May estimate raise doubts about momentum. Source link

The Euro (EUR) stages a rebound against the US Dollar (USD) on Tuesday as month-end repositioning weighs modestly on the Greenback, limiting support from upbeat US economic data. At the time of writing, EUR/USD trades around 1.1415 after hitting an intraday low of 1.1382.US JOLTS Job Openings rose to 7.594 million in May from April’s revised 7.585 million, beating market expectations of 7.3 million.Meanwhile, the Conference Board’s Consumer Confidence Index rose to 91.2 in June from a downwardly revised 90.6 in May. The reading fell short of economists’ expectations of 94.7, according to a Reuters poll.The US Dollar Index (DXY),…

Justin Sullivan/Getty Images NewsFord (F) issued a new recall of nearly three-quarters of a million vehicles over a transmission defect that could enable the car to roll while in park, according to a notice with the U.S. National Highway Traffic Safety Administration. The recall Source link

Prior +2.6%HICP +2.4% vs +2.5% y/y expectedPrior +2.7%Core CPI Y/Y +2.5% vs 2.5% priorFull report hereThe inflation rate in Germany is expected to be +2.3% in June 2026. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices decreased by 0.3% on May 2026. The inflation rate excluding food and energy, often referred to as core inflation, is expected to stand at +2.5% in June 2026 vs 2.5% the prior month. Energy prices are expected to be up 3.4% on the same month of the previous year. The rise in energy prices therefore…

Crude Oil prices remain flat for the second consecutive day this week, with the price of the US benchmark West Texas Intermediate (WTI) barrel stuck at the $70.00 area. The uncertainty surrounding the US-Iran conflict and this weekend’s skirmishes have failed to deter investors from betting on a negotiated end of it, which is keeping Crude Oil at pre-war levels.News from Iran, however, remains confusing. US President Donald Trump said on Monday that Tehran requested a meeting, following a round of reciprocal attacks over the weekend. Iran’s Foreign Ministry has denied any plan to meet US negotiators this week but…

Jun 30, 2026, 5:56 AM ETiShares Bitcoin Trust ETF (IBIT), GBTC, FBTC, ARKB, BITB, HODL, BTCO, EZBC, BTCW, BRRR, BLOK, BITQ, BKCH, DAPP, CRPT, IBLC, BTC-USD CryptoMSTRBy: Preeti Singh, SA News EditorVelishchuk/iStock via Getty ImagesU.S. spot bitcoin ETFs recorded net outflows of approximately $231.1M on Monday, according to data from SoSoValue. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the withdrawals with $300.4M in outflows, partially offset by inflows of ~$50M into ARK 21Shares Bitcoin ETF ( Source link

The Japanese yen just sank to its weakest level against the U.S. dollar since December 1986! USD/JPY pushed through 162.00 during Tuesday’s Asian session, reaching a level last seen when the Cold War was still in its final stretch. For traders, the real question now isn’t why the yen is this weak. It’s when Japan steps back in, and what that could do to USD/JPY if it does. Source link