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Euro: Bid tone with defined ranges – Societe Generale
Societe Generale reports EUR/USD trading between 1.1569 and 1.1622 overnight, with the Euro bid above the 1.16 handle on the US–Iran MoU and lower Oil prices.
Eurozone Trade Balance s.a. dipped from previous €3.5B to €1.3B in April
Eurozone Trade Balance s.a. dipped from previous €3.5B to €1.3B in April
Eurozone Trade Balance n.s.a. came in at €-1B below forecasts (€7.8B) in April
Eurozone Trade Balance n.s.a. came in at €-1B below forecasts (€7.8B) in April
Eurozone Industrial Production w.d.a. (YoY) climbed from previous -2.1% to 0.3% in April
Eurozone Industrial Production w.d.a. (YoY) climbed from previous -2.1% to 0.3% in April
Eurozone Industrial Production s.a. (MoM) came in at 0.1%, below expectations (0.3%) in April
Eurozone Industrial Production s.a. (MoM) came in at 0.1%, below expectations (0.3%) in April
USD/CHF Price Forecast: Slips below 0.7950, nine-day EMA
USD/CHF depreciates nearly 0.5%, trading around 0.7930 during the European hours on Monday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, signaling an ongoing bullish bias.
EUR/GBP Price Forecasts: Bulls push against 0.8644 highs amid higher risk appetite
The Euro (EUR) shows a positive stance against the British Pound (GBP) on Monday, with bulls pushing toward one-week highs in the 0.8645 area.
British Pound: Faces policy and political risks – ING
ING’s Chris Turner highlights several risks for the Pound this week, centred on the Bank of England meeting and a key Labour by-election.
Euro gains against Japanese Yen on US-Iran deal, eyes on BoJ policy
The Euro (EUR) outperforms its major currency peers during the European trading session on Monday, trading 0.26% higher to near 185.85 against the Japanese Yen (JPY).
Japanese Yen: BoJ hike offers limited Yen relief – BBH
Brown Brothers Harriman expects the Bank of Japan to resume tightening with a 25 bps hike to 1.00%, but sees limited scope for a sustained Japanese Yen rally.
Dow Jones futures rise on US-Iran peace deal
Dow Jones futures gain over 1%, trading near 51,750 during the European hours on Monday, ahead of the US regular opening. However, S&P 500 futures rise 1.24% to near 7,530, and Nasdaq 100 futures advance 1.97%, trading near 30,250 at the time of writing.
Italy Trade Balance EU increased to €0.316B in April from previous €-1.08B
Italy Trade Balance EU increased to €0.316B in April from previous €-1.08B
Qatar to hold separate meetings with US-Iran officials before deal signing – AFP
According to a diplomatic source who told AFP, Qatar will hold separate meetings with officials from both the United States (US) and Iran in Doha to resolve any critical differences between nations before the deal signing on Friday, The Economic Times (ET) reported.
Turkey Budget Balance increased to -298.2B in May from previous -338.7B
Turkey Budget Balance increased to -298.2B in May from previous -338.7B
Italy Global Trade Balance below forecasts (€5.19B) in April: Actual (€4.293B)
Italy Global Trade Balance below forecasts (€5.19B) in April: Actual (€4.293B)
United States Dollar: Dollar explores downside risks – ING
ING analysts Chris Turner, Frantisek Taborsky and Francesco Pesole note that confirmation of a US-Iran ceasefire and the reopening of the Strait of Hormuz have pressured the Dollar as energy prices fall and risk assets rally.
Forex Today: Risk flows command markets on US-Iran peace deal yet to be signed
Here is what you need to know on Monday, June 15:
British Pound picks up amid peace hopes with central banks coming into focus
The British Pound (GBP) has drawn support from the US Dollar’s (USD) weakness, amid a brighter market mood on Monday, to hit a fresh 10-day high at 1.3460. The pair, however, remains trapped within the trading range from the last four weeks, as investors' focus shifts to monetary policy.
ECB’s Nagel: It will take months for oil supply to return to normal
European Central Bank (ECB) Governing Council Member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Monday that there seems to be no relief from high inflation in the foreseeable future, despite the finalization of the United States (US)-Iran pea
ECB’s Kazaks: Warned that upside inflation risks remain intact
European Central Bank (ECB) Governing Council member Martins Kazaks said during the European trading session on Monday that the central bank would be ready to raise interest rates, while warning of upside inflation risks despite the finalization of a deal between the United States (US) and Iran.
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