US Dollar, USD/JPY, EUR/USD, USD/CAD, Oil Weekly Technical Outlook
In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open.
ECB's Lagarde Highlights Renminbi Underappreciation Amid G7 Imbalance Talks
European Central Bank President Christine Lagarde stated that the renminbi's underappreciation justifies discussions about excessive imbalances at the upcoming G7 meeting. Her remarks signal growing concern over currency valuations and their impact on global economic stability.
Euro languishes near three-month lows against US Dollar despite progress in US-Iran talks
Euro languishes near three-month lows against US Dollar despite progress in US-Iran talks
RBI sold net $8.9 billion in April, gold holdings unchanged
The Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee from plunging to record lows caused by the U.S.-Iran crisis and increasing oil costs. While gold stocks stayed stable, improving geopolitical conditions have bolstered the rupee's prospects, even as forex reserves fell to the lowest level in a year.
Silver price rises on US-Iran diplomatic progress, upside capped by hawkish Fed
Silver price rises on US-Iran diplomatic progress, upside capped by hawkish Fed
Eurozone Consumer Confidence Improves Slightly in June
Eurozone consumer confidence rose to -17.7 in June, better than the estimated -17 and an improvement from the previous -19. This indicates a modest increase in consumer optimism within the region.
ECB’s Lagarde: Euro Economy Positioned Between Baseline and Milder Scenarios
European Central Bank President Christine Lagarde stated that the eurozone economy is currently performing between the ECB’s baseline forecast and a milder economic scenario, indicating cautious optimism about growth prospects. This assessment influences expectations on monetary policy and economic outlook within the Eurozone.
EUR/USD Price Forecast: Danske Bank Targets 1.13 Within Six Months
The Euro to Dollar (EUR/USD) exchange rate has fallen below the 1.15 level this month as investors continue to favour the US Dollar following a hawkish shift in Federal Reserve expectations. Danske Bank remains bearish on EUR/USD and has extended its forecast for further weakness, targeting 1.13 over the next six months and 1.12 on a.
Credit Agricole Euro to Dollar Forecast: Rate Differentials Continue to Favour USD
The Euro to Dollar (EUR/USD) exchange rate has fallen to multi-month lows near 1.1440 after losing ground steadily through June. Credit Agricole believes interest-rate differentials remain a more important driver than improving risk sentiment and expects the Dollar to stay supported in the near term.
ECB’s Lagarde Says Neutral Rate Not Guiding Policy Decisions
European Central Bank President Christine Lagarde stated that the ECB is not relying on the neutral interest rate range to guide its monetary policy decisions. This suggests a flexible approach amid evolving economic conditions.