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Eurozone Sentix Investor Confidence Expected to Improve Slightly in June
The June Sentix investor confidence index for the euro area is forecast to rise to -14.6 from -16.4 in May, extending a modest rebound, though sentiment remains depressed amid high inflation and weak growth. Renewed Iran uncertainty and rising Fed rate hike expectations also weigh on the outlook.
EUR/USD Rebounds to 1.1550 After Hitting Channel Bottom
EUR/USD recovers from the lower boundary of a descending channel, trading near 1.1530 in Asian hours. Daily chart signals ongoing bearish bias despite the bounce.
NZD/USD Recovers from Two-Month Low, Retakes 0.5800 Amid Bearish Setup
The NZD/USD pair rebounds from a two-month low of 0.5780, reclaiming the 0.5800 level as the US Dollar consolidates in a bullish phase, though the broader bearish setup remains intact.
GBP/USD Holds Below 1.3350 Amid Middle East Turmoil
The British Pound traded with mild losses around 1.3340 during European hours on Monday, pressured by ongoing Middle East tensions and growing expectations of a US rate hike that boosted the dollar.
CEE May Inflation Data and ECB Meeting in Focus This Week
This week, markets are watching the release of detailed May inflation data for several Central and Eastern European countries, along with the ECB meeting. Analysts expect no major surprises as flash estimates already indicated benign price pressures.
Indian Rupee Declines on Hawkish Fed Bets, Middle East Tensions
The Indian Rupee opened the week lower against the US Dollar as renewed Middle East conflict and rising expectations of a hawkish Federal Reserve weighed on the currency.
Indonesian Rupiah Hits Historic Lows as Forex Reserves Plunge
The Indonesian rupiah weakened to an all-time low against the US dollar, reaching 18,210 during Asian trading, as foreign exchange reserves fell sharply.
AUD/JPY Strengthens Above 113.00 on Hawkish RBA Stance
The AUD/JPY cross rose above 113.00 during early European trading, supported by the Reserve Bank of Australia's hawkish policy stance.
Gold Slips to March Low Near $4,300 as USD Strengthens on Fed Hike Bets
Gold (XAU/USD) fell to its lowest since March 23, near $4,300, as a stronger US dollar on geopolitical tensions and Federal Reserve rate hike expectations weighed on the precious metal.
Euro May Bounce Back Above 1.1500 After USD Rally Stalls
The US Dollar Index surged to 100.109 after stronger-than-expected NFP data (172k) raised Fed rate hike odds, but a pullback between 100.10 and 100.50 is expected. EUR/USD could recover while holding above 1.1500.
Gold Nears Three-Month Low at $4,300 Amid Renewed Mideast Tensions and Hawkish Fed
XAU/USD hovers near a three-month low of $4,300 in Asian trade as escalating Middle East hostilities and a hawkish Federal Reserve weigh on the precious metal, with further downside risks remaining.
EUR/JPY Rebounds from Triangle Bottom, Trades Near 185.00
EUR/JPY recovered from the lower boundary of a triangle pattern and is trading around 184.90 during Asian hours, following a gain of over 0.5% in the previous session.
AUD/USD Flat Around Mid-0.7000s, Vulnerable Below 100-Day SMA
The AUD/USD pair attracts some buyers after hitting a nearly two-month low near 0.7025, but remains flat around the mid-0.7000s and appears vulnerable below the 100-day SMA.
US Dollar Index Holds Steady Near 100.00 on Middle East Tensions, Fed Hike Bets
The US Dollar Index (DXY) trades near 100.10 during Asian hours, supported by heightened Middle East tensions and increased expectations for further Federal Reserve rate hikes.
Silver Price Drops to Near $67.70 on Middle East Tensions
Silver (XAG/USD) declined for a second consecutive day, trading near $67.70 per troy ounce during Asian hours, as escalating Middle East tensions boosted oil prices and reignited inflation and interest-rate worries.
Canadian Dollar Hits Fresh Low Since Late March Despite Oil Rally
USD/CAD touched a new high since late March during Asian trading on Monday, as the Canadian dollar weakened even as oil prices rallied.
EUR/USD Breaks Below Contracting Triangle, Bearish Signs
EUR/USD slipped below a contracting triangle pattern with support at 1.1595 on the 4-hour chart, showing bearish signals as it trades under the 100- and 200-period simple moving averages.
NZD/USD rebounds to near 0.5800 as risk aversion eases
The New Zealand Dollar recovers from previous losses, trading around 0.5810 during Asian hours on Monday, as the US Dollar softens amid easing risk aversion after Trump criticized Israeli strikes.
EUR/USD Rises Above 1.1500 on ECB Rate Hike Expectations
The euro edged higher past 1.1500 early Monday, supported by bets on further ECB rate hikes, but gains may be limited by escalating Middle East tensions.
PBOC Sets USD/CNY Fix at 6.8198, Weaker vs. Previous 6.8157
The People’s Bank of China set the USD/CNY central parity rate at 6.8198 on Monday, weaker than Friday's fix of 6.8157.
GBP/USD Edges Higher from Three-Week Low as Dollar Rally Pauses
The British pound recovered slightly from a three-week low against the US dollar on Monday, climbing into the mid-1.3300s as the dollar rally took a breather.
USD/JPY Holds Above 160.00 After Japan Q1 GDP Data
USD/JPY trades near 160.30 during Asian hours Monday, holding above the key 160.00 level after Japan's Q1 GDP data. Market participants remain alert to potential government intervention.
AUD/USD Falls to 0.7035 on Middle East Tensions, Strong US Jobs Data
The AUD/USD pair weakened to near 0.7035 in early Asian trading as escalating Middle East tensions and a stronger-than-expected US jobs report boosted demand for the US dollar.
EUR/USD Technical Indicators Signal Bearish Shift Toward 1.1300
EUR/USD faces a bearish shift as multiple technical indicators align to target the 1.1300 level.