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Euro: Upside bias held above strong support against US Dollar ā UOB
United Overseas Bankās (UOB) Quek Ser Leang reports EUR/USD holding near 1.1440 with a firmer underlying tone. The pair is expected to trade slightly higher in a 1.1425ā1.1470 range intraday.
NZD/USD Price Forecast: Faces pressure near 0.5700 in countdown to RBNZ policy
The NZD/USD pair is down 0.2% to near 0.5690 during the European trading session on Tuesday. The Kiwi pair faces selling pressure as the New Zealand Dollar (NZD) underperforms its peers ahead of the Reserve Bank of New Zealandās (RBNZ) monetary policy decision on Wednesday.
Federal Reserve: Trimmed inflation guides rate outlook ā Rabobank
RaboResearch Global Economics & Markets discusses how the Federal Reserveās new task force on inflation frameworks under Chair Warsh may elevate trimmed inflation in policy decisions.
European Central Bank: Cautious path to further hike ā BNP Paribas
BNP Paribas analysts assess recent European Central Bank (ECB) communication from Sintra, highlighting Christine Lagardeās cautious stance and shift toward āframework guidanceā in a volatile environment.
Canadian Dollar: Weakness extends against US Dollar ā Societe Generale
Societe Generaleās Kenneth Broux highlights that USD/CAD has broken out of a large consolidation and extended gains towards 1.4250, with the upper part of the prior range at 1.4130 now acting as key support.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $60.95 per troy ounce, down 1.79% from the $62.06 it cost on Monday.
Japanese Yen: High bar for hawkish BoJ repricing ā BBH
Brown Brothers Harrimanās (BBH) Elias Haddad reports USD/JPY is consolidating around 162.00 after touching a 40āyear high near 162.84.
United States Dollar Index firms as Hormuz tensions boost safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after two successive flat days and trading around 100.90 during the European hours on Tuesday.
China turns out Gold buyer again
According to data from the People's Bank of China (PBoC), worldās second-largest economy China increases its Gold reserves again.
Singapore Foreign Reserves (MoM) declined to 426.2B in June from previous 430.1B
Singapore Foreign Reserves (MoM) declined to 426.2B in June from previous 430.1B
Hungarian Forint: Dovish inflation path supports more cuts ā ING
Frantisek Taborsky at ING highlights Hungarian inflation falling to 1.7%, below market and National Bank of Hungary (NBH) forecasts, cementing rate cuts in July and August. Markets price around 150bp of easing and a 4.50% terminal rate, with scope for additional cuts.
WTI Price Forecast: More downside is likely if Oil falls below $67
West Texas Intermediate (WTI), futures on NYMEX, trades 1% higher to near $69.40 during the European trading session on Tuesday.
Silver Price Forecasts: XAG/USD drifts below $61.00 as markets turn cautiousĀ
Silver (XAG/USD) pulled lower from Mondayās peak and is testing levels below $61.00 at the time of writing, paring some of last weekās gains.