Recovery seen shallow without USD fade – OCBC
Christopher Wong at OCBC notes USD/THB’s recent rebound is running into interim resistance around 33.40 after a sharp move higher. Bank of Thailand officials attribute THB weakness mainly to broad USD strength and Thai equity outflows, while signalling readiness to manage excessive FX moves. Softer Oil may slow USD/THB upside, but THB recovery could stay […]
US House committee opens investigation into Merck, AbbVie China drug trials
US House committee opens investigation into Merck, AbbVie China drug trials Source link
Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move? – FXEmpire
Gold (XAUUSD) Price Forecast: Will Warsh and NFP Trigger Gold’s Next Major Move? FXEmpire Source link
Australian Dollar advances as hawkish RBA Minutes meet firmer US confidence data
AUD/USD trades higher near 0.6915 on Tuesday as investors digest the latest Reserve Bank of Australia (RBA) Meeting Minutes and a modest improvement in United States (US) Consumer Confidence. The Australian Dollar (AUD) found some support from the RBA’s hawkish tone, although the US Dollar (USD) remained neutral after falling partially due to end-of-quarter profit-taking. […]
S&P 500, Nasdaq hold on to gains after strong job openings data for May
S&P 500, Nasdaq hold on to gains after strong job openings data for May Source link
Gold (XAUUSD) & Silver Price Forecast: Gold Defends $4,024 Double Bottom as Silver Holds Channel Floor — Next Move? – FXEmpire
Gold (XAUUSD) & Silver Price Forecast: Gold Defends $4,024 Double Bottom as Silver Holds Channel Floor — Next Move? FXEmpire Source link
Upside risks linger as recovery questioned – ING
ING strategists Michiel Tukker and Benjamin Schroeder note that Oil has returned to pre-war levels but argue the market is overly optimistic about the speed and durability of the supply recovery. They highlight an unstable balance between demand, physical buying and strategic reserves, and stress that second-round inflation risks and Oil’s future trajectory will only […]
Europe’s STOXX 600 heads for biggest quarterly gain in over five years on AI boost
Europe’s STOXX 600 heads for biggest quarterly gain in over five years on AI boost Source link
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Focus On Rate Outlook – FXEmpire
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Focus On Rate Outlook FXEmpire Source link
Why is the DXY US Dollar Index declining despite hawkish Fed expectations?
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues its losing streak for the third consecutive day and is trading around 101.20 during the European hours on Monday. The US Dollar remains subdued on easing safe-haven demand following reports that Washington and Tehran have agreed […]
