Markets have been quiet yesterday due to the US Independence Day holiday. The direction of the USD will be key for most other currencies. Friday’s Nonfarm Payrolls data from the US is a key event that could impact all the currencies mentioned above.

The dollar’s direction will likely depend on the outcome of the FOMC minutes and Friday’s US jobs report. Positive data could strengthen the dollar and put pressure on commodity prices like gold. GBP and EUR may benefit from disappointing US data. Keep an eye on potential Bank of Japan intervention in the USD/JPY pair.

Market sentiment cautious ahead of Powell’s speech. US data releases this week will be key for currency movements. Currencies like EUR, GBP, and JPY could weaken on hawkish Fed signals. AUD expected to strengthen in the long term. USD/CAD remains rangebound but a breakout is possible. Geopolitical tensions and inflation remain major risks.

The markets are currently digesting mixed economic data and ongoing geopolitical tensions. The US dollar remains strong, putting pressure on other currencies. The euro, pound, and gold could see downside pressure in the near term. Gold prices are finding some support but could face a correction in the near future. This week’s key data points, particularly US ISM manufacturing data and the US NFP report, could provide further direction for […]

Last Week’s Recap: Stocks and the dollar took a small hit after the US PCE data met expectations. This Week’s Agenda: Get ready for a data deluge as important economic indicators are coming from around the world. Central bankers gather in Sintra for the ECB Forum.

The US dollar is likely to remain strong in the near term due to hawkish Fed expectations and weak economic data in other regions. Currencies like EUR, GBP, and AUD face headwinds due to domestic uncertainties and potential delays in rate cuts. The Japanese Yen is under pressure due to the widening interest rate differential with the US. Gold may experience short-term volatility but could see upside potential if PCE […]

The US dollar is strengthening due to hawkish comments from Fed officials and upcoming economic data. Commodity currencies (AUD, CAD) are under pressure. Gold is struggling due to rising yields. Bitcoin is finding some support but the overall trend for June remains negative.

The US dollar weakness is supporting commodity prices like oil and gold. Geopolitical tensions and summer demand are also contributing to the rise in oil prices. Major currencies like EUR, GBP, AUD, NZD are expected to see short-term corrections before resuming their trends. Investors are watching geopolitical risks and economic data for further direction.

Market Caution Despite Quiet Close: Financial markets ended the week on a subdued note, but traders anticipate increased volatility ahead. Key inflation data releases and central bank pronouncements are likely to stir things up.

The US dollar may strengthen in the short term on expectations of strong US economic data. The Bank of England’s dovish stance and the ECB’s dovish stance may weigh on the EUR and GBP respectively. USD/JPY is in an uptrend, and strong US data could further strengthen USD. Gold may benefit from expectations of lower US interest rates.