Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Tuesday that the June Consumer Price Index (CPI) report was encouraging but cautioned against overreacting to a single month of data. Goolsbee spoke during a fireside chat at the … [Continue reading]
XRP recovery may stall above support as weak on-chain metrics reinforce bearish outlook
Ripple (XRP) shows subtle signs of recovery above $1.05 on Tuesday, with the move to around $1.07 ending three straight days of losses amid a pressured broader cryptocurrency market.Escalating war between the United States (US) and Iran has weighed … [Continue reading]
Oil: Hormuz risk repricing lifts prices – Rabobank
Rabobank's Michael Every highlights a sharp Oil rally ahead of United States (US) Consumer Price Index (CPI) and Fed Chair Warsh’s testimony, with prices jumping 9% and then another 2.5% to $85. The move is linked to escalating tensions around … [Continue reading]
NZD/USD Price Forecast: Hits four-week top on hawkish RBNZ; eyes 0.5810-0.5820 confluence
The NZD/USD pair catches aggressive bids during the Asian session on Tuesday and jumps to a nearly four-week top in the last hour amid a combination of supporting factors.The New Zealand Dollar (NZD) strengthens as hawkish comments from Reserve Bank … [Continue reading]
Australian Dollar weakens to near 0.6900 as US launches more strikes against Iran
The AUD/USD pair trades with mild losses around 0.6915 during the early Asian session on Tuesday. Ongoing geopolitical tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) against the Australian Dollar … [Continue reading]
Taiwan: AI cycle and 2H outlook – DBS
DBS Group Research, led by Ma Tieying, assesses Taiwan’s AI-driven expansion and its implications for the 2H26 outlook. The bank notes that AI remains central for Taiwan’s technology-oriented economy and that the AI supercycle is nearing a peak. DBS … [Continue reading]
Gold eyes $4,000 as renewed US-Iran hostilities boost Oil prices, Fed rate hike bets
Gold (XAU/USD) starts the week on the back foot as renewed tensions in the Middle East lift Oil prices and bring inflation concerns back into focus, reinforcing expectations of a Federal Reserve (Fed) interest rate hike later this year.At the time of … [Continue reading]
Indian Rupee weakens amid surging Oil prices, India’s CPI rises strongly
The Indian Rupee (INR) trades significantly lower against the US Dollar (USD) on Monday. The USD/INR jumps to over a six-week high around 95.70 as renewed Middle East hostilities have strengthened oil prices.In India's afternoon trading session, the … [Continue reading]
Euro: Range trading with downside risks against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has slipped after testing 1.1460, with increasing downward momentum but major support at 1.1360 seen as difficult to reach near term. For the coming 1–3 weeks, they expect EUR/USD to remain … [Continue reading]
Silver Price Forecast: XAG/USD falls to near $59.00 amid rising US-Iran strikes
Silver price (XAG/USD) extends its gains for the second successive day, trading around $59.00 per troy ounce during the Asian hours on Monday. The price of the non-yielding white metal falls as escalating United States (US)-Iran missile strikes push … [Continue reading]