The US Dollar (USD) extended near-term bearish momentum, falling sharply and extending into a four-day decline as investors settle into a comfortable risk-on stance, stepping out of the safe-haven Greenback and into riskier assets as investors bank … [Continue reading]
Bailey speech: Trade tariff impact on inflation is more ambiguous than impact on economic growth
While testifying before the Lords Economic Affairs Committee on Tuesday, Bank of England (BoE) Governor Andrew Bailey said the impact of trade tariffs on inflation is more ambiguous than the impact on economic growth, per Reuters.Key quotes"Big … [Continue reading]
Meme coins DOGE, SHIB and PEPE recover as Iran-Israel ceasefire holds
Dogecoin, Shiba Inu, and Pepe meme coins extend their gains on Tuesday after recovering more than 8%, 9% and 11%, respectively, on Monday.Derivatives data for DOGE, SHIB, and PEPE show a bullish bias as funding rates turn positive.The technical … [Continue reading]
Japanese Yen remains on the front foot against a weaker USD amid divergent BoJ-Fed expectations
The Japanese Yen builds on the overnight recovery from over a one-month low against the USD.The divergent BoJ-Fed policy expectations provide a goodish boost to the lower-yielding JPY.A broadly weaker USD exerts additional pressure and contributes to … [Continue reading]
Bitcoin, crypto market begin recovery as Israel and Iran agree to a ceasefire
The cryptocurrency market rebounded from a weekend dip, with Bitcoin, Ethereum, and XRP rising by 5%, 9%, and 7%, respectively. The recovery comes as President Donald Trump announced that Israel and Iran have agreed to a complete ceasefire.Iran … [Continue reading]
Ethereum Price Forecast: ETH eyes recovery as Israel-Iran conflict spills into US military base
Ethereum price today: $2,300Ethereum experienced a surge in volatility following the US involvement in the Israel-Iran conflict over the weekend.Ethereum investors have booked $750 million in combined realized profits and losses since the market … [Continue reading]
Gold recovers as markets monitor Iran’s potential retaliation and await Fed Powell’s Testimony
Gold prices recover as safe-haven flows increase amid potential retaliation from Iran, with the Fed Chair's Testimony on Tuesday in focus.Tensions between Iran and the US intensify, triggering a flight to safety and supporting a recovery in Gold … [Continue reading]
USD/CHF is struggling to return above 0.8200 despite the overall Dollar strength
The US Dollar remains capped below 0.8200 with the CHF buoyed by risk aversion.Investors are wary of risk, awaiting Iran's response to this weekend's attack.Later today, the US PMIs are expected to show that business activity growth moderated in … [Continue reading]
Japanese Yen retains intraday bearish bias; USD/JPY jumps closer to mid-147.00s
The Japanese Yen continues to be weighed down by diminishing odds for a BoJ rate hike in 2025.Strong CPI prints from Japan and the upbeat PMIs do little to provide any respite to the JPY bulls.A modest US Dollar uptick also contributes to the USD/JPY … [Continue reading]
GBP/USD extends downside to near 1.3400 as US enters Israel-Iran war
GBP/USD trades in negative territory for the second consecutive day near 1.3405 in Monday’s Asian session. The US Dollar gains traction after the US attacked Iran over the weekend. Retail Sales fell by 2.7% MoM in May, weighing on the … [Continue reading]