Market news
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Norges Bank Hawkish Hold Bolsters Norwegian Krone, BBH Says
Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but reinforced guidance for a future hike, supporting the Norwegian Krone.
Only 16% of Americans Expect Positive AI Impact – Pew Survey
A Pew Research survey finds that just 16% of Americans expect artificial intelligence to have a positive effect on society, while 40% foresee negative consequences. Most respondents are skeptical of government regulation and distrust AI developers.
Societe Generale: EUR/USD Mirrors Dollar Index Movements
Societe Generale's Kit Juckes notes that EUR/USD closely tracks the Dollar Index, highlighting the dollar's past weakness under Trump and its current alignment with relative interest rates.
SNB Keeps Rates Unchanged at 0.00%, Franc Under Pressure – BBH
The Swiss National Bank held its policy rate at 0.00% for the fourth consecutive meeting. Brown Brothers Harriman notes the neutral stance continues to weigh on the Swiss Franc.
Rabobank: Dollar Support from Haven Demand and Fed Shift
Rabobank's FX Strategy team notes the U.S. Dollar has recently been supported by safe-haven demand and shifting expectations for Federal Reserve policy, testing its haven status.
Accenture Q3 revenue misses estimates, issues FY outlook
Accenture reported Q3 revenue of $18.7 billion, slightly below the $18.745 billion estimate. The company issued FY EPS outlook of $13.38-13.50 and adjusted EPS $13.78-13.90, with FY revenue growth of 3-4%.
EUR/GBP Breaks Out of Bullish Flag, Targets 0.8683 and Beyond
EUR/GBP has broken out of a bullish flag pattern, with traders eyeing a potential move higher against the Pound. Key levels include an initial target of 0.8683 and an extension zone near 0.8720.
EUR/GBP Breaks Out of Bullish Flag; Traders Eye 0.8683 First Target
EUR/GBP has broken out of a bullish flag pattern, signaling a potential move higher against the Pound. Key levels to watch include first target 0.8683 and extension zone 0.8720, with support at 0.8629 and invalidation at 0.8618.
Bar for Further USD Gains 'High' After Fed's Hawkish Turn
The dollar rallied after the Fed's hawkish turn, with policymakers emphasizing price stability and a more aggressive dot plot shift, reinforcing the case for higher rates.
SNB Holds Rates as Swiss Inflation Stays Benign
The Swiss National Bank kept interest rates unchanged at its June meeting, citing inflation that remains within its target range despite a recent uptick to 0.6% in May from 0.1% in February.
Markets Digest Warsh Comments and Trump Deal Ahead of BOE Meeting
Central bank rate decisions this session held no surprises. Focus shifts to the upcoming BOE MPC meeting as markets continue to digest Kevin Warsh's policy views and Trump's trade deal developments.
NZD/USD dips as hawkish Fed outweighs NZ growth data
The New Zealand Dollar edged lower against the USD on Thursday despite strong domestic economic data, as hawkish Fed expectations continued to support the greenback.
Silver Rises to $68.29 per Troy Ounce on Thursday
Silver (XAG/USD) rose to $68.29 per troy ounce on Thursday, up 1.34% from the previous day's $67.39, according to FXStreet data.
Job Vacancies Decline Across the Region
The job vacancy rate, measuring the share of vacant posts in total labor, has declined across the region, indicating a possible easing of labor market tightness.
ING Sees EUR/USD Summer Floor at 1.14-1.15 After Fed
ING FX strategist Chris Turner says EUR/USD's test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14-1.15 acting as the summer range floor based on the view that the Fed won't tighten further.
Grayscale Analysts Call AAVE 'Undervalued', Set $179 Target
Grayscale analysts consider AAVE token undervalued with a $179 price target for the next year, citing stablecoin-driven revenue growth.
AUD/USD Holds Gains Around 0.7010 on Hawkish RBA Sentiment
The Australian Dollar is trading higher against the US Dollar on Thursday, with AUD/USD hovering near 0.7010 as hawkish expectations around the Reserve Bank of Australia support the currency.
Euro stays capped below 1.1525 as post-Fed USD strength persists
The Euro is trading nearly flat against the US Dollar on Thursday at 1.1504, failing to break above the 1.1525 resistance as the Dollar remains supported after the latest Federal Reserve decisions.
Fed Hawkish Shift Lifts Dollar Above 100, MUFG Says
MUFG analyst Lee Hardman notes the Fed's latest policy update has lifted US rates and supported the Dollar, pushing the Dollar Index back above 100.00 as markets price in multiple rate hikes.
BoE Expected to Hold Rates, Hawkish Tone May Not Support Sterling – ING
ING's Chris Turner predicts the Bank of England will leave rates unchanged in a 7-2 vote with a hawkish bias, but sees UK inflation peaking near 3.5% without spurring further tightening, a view that keeps sterling under pressure.
BoE Expected to Hold Rates, No Cut Until 2027
The Bank of England is expected to keep rates unchanged at its meeting today, with markets pricing only one rate cut by April 2027 and virtually no chance of a hike.
GBP/USD Stays Near April Lows as Traders Eye BoE Meeting
The pound sterling showed little reaction to weaker-than-expected UK inflation data, with traders adopting a wait-and-see stance ahead of upcoming labour market statistics and the Bank of England meeting.
Dollar Holds Gains After Fed's Hawkish Shift – ING
The US Dollar is maintaining its gains following a hawkish turn by the Federal Reserve under Chair Kevin Warsh, with markets now pricing ~44 basis points of tightening by Q2, according to ING's Chris Turner.
Trump Defends Iran Policy, Cites Record Stock Market and Falling Oil Prices
President Donald Trump defended his administration's approach to Iran, pointing to a record-high stock market and declining oil prices as evidence of success.