Author: FX
After Friday’s NFP driven dollar surge, a cooler U.S. CPI print could put EUR/USD and XAU/USD back on traders’ anti-USD watchlists. Source link
Can another blowout U.S. report further stoke Fed tightening bets? Here’s what I’m looking at on USD/CHF and AUD/USD in this scenario. Source link
Silver price (XAG/USD) pares its recent gains from the previous day, trading around $67.90 per troy ounce during the Asian hours on Tuesday. Uncertainty in the Middle East and rising bets on a United States (US) interest rate hike continue to keep Silver on the defensive.Hopes for peace grew after Iran and Israel agreed to halt mutual attacks following an intervention by US President Donald Trump. However, long-term stability remains elusive. Israeli Prime Minister Benjamin Netanyahu declared that the war against Iran and Hezbollah “has not yet ended,” even as he claimed both adversaries are weaker than ever.While Iran’s military…
NZD/CAD is testing a key trend support as Kiwi stays firm and Loonie faces BOC decision risks later this week. Source link
USD/JPY shows a bearish Stochastic crossover in overbought territory, hinting at momentum cooling. Does price confirm a pullback, or does the trend absorb the signal and continue higher? Source link
The U.S. dollar finished the day mixed against the major currencies, with price action reflecting a tug-of-war between higher Treasury yields, resilient U.S. economic data, improving risk sentiment, and ongoing geopolitical uncertainty. The greenback posted gains against the Swiss franc and Canadian dollar, while losing ground against the Japanese yen, euro, and New Zealand dollar. The dollar was little changed against both the British pound and the Australian dollar.Notably, the moves were relatively modest across the board. All of the major currency pairs finished within 0.24% of unchanged on the day. The dollar’s strongest performance came against the Swiss franc,…
MUFG’s Hardman links a sharp correction in South Korean AI‑heavy equities to potential pressure on the Korean Won. USD/KRW hit a fresh high above 1,560 after strong US jobs data, but then fell about 1.5% as authorities unveiled emergency FX measures, including tighter oversight of offshore derivatives and enhanced scrutiny of suspected misconduct and illegal transactions.Equity selloff and emergency FX response”The sharp correction lower for South Korea’s equity market which is dominated by the AI tech stocks of Samsung Electronics and SK Hynic Inc, could add to selling pressure for the Korean won. Foreign investors have already been heavy sellers…
Sector OverviewToday’s market heatmap reveals a strong uptick in the semiconductor sector, with standout performances from industry giants. Micron Technology (MU) surged by a substantial 8.79%, while Intel (INTC) showed impressive strength, climbing 10.78%. This recovery suggests a renewed investor confidence possibly driven by promising earnings reports or advancements in technology.Consumer cyclicals also show positive movement, particularly in internet retail where Amazon (AMZN) rose by 0.42%, reflecting steady demand in the e-commerce realm. On the other hand, communication services are under pressure; notably, Google (GOOGL) fell by 1.84%, which may signal challenges or shifting dynamics within digital advertising or regulatory…
ING economists Peter Virovacz and Zoltán Homolya highlight that the Hungarian Forint (HUF) has sharply appreciated, with investors now treating Hungary as a quasi-eurozone economy. They argue that policymakers are likely to prioritise FX stability rather than further HUF gains, signalling a preference for EUR/HUF trading near an estimated fair value band instead of continued appreciation.Forint strength seen as overdone”Despite all the challenges, we believe that the most significant and shocking issue for an export-oriented economic structure is the substantial appreciation of the Hungarian forint. Despite geopolitical issues, the HUF has strengthened by 11-12% since mid-March. Over the past two…
Investor confidence -13.4 vs -14.6 expectedPrior -16.4Euro area investor morale picked up more than expected heading into June, as concerns about a deep economic slowdown eased compared to the previous month. That said, the overall reading remains relatively subdued following the steep drop since April.As things stand, the mood surrounding the euro area economic outlook is still rather poor compared to other major regions.Germany remains the biggest drag still, with the current conditions index there falling by another 0.2 points to its lowest since February 2025. The overall reading for the euro area with regards to the current situation index…