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ING Sees Cyclical Drivers Fuelling US Dollar Strength into Coming Months
ING strategists say cyclical factors have reasserted themselves in FX markets, supporting a stronger US dollar over the next several months.
UK Food Inflation Benign, CPI Below 3% Despite Middle East Risks
UK food inflation remained remarkably benign in May, keeping the consumer price index below 3%. However, the Middle East crisis poses a risk of pushing costs higher later this year, with energy prices potentially driving inflation to a peak of around 3.5%.
Gold Awaits Fed Decision as USD Retreats on Geopolitical Easing
The US Dollar continues to decline amid easing geopolitical risks and fading concerns over Kevin Warsh's dovish stance. Trump claims the Iran agreement is finalized, pushing Brent below $80 and boosting US stocks, while gold markets await the Fed's next move.
Warsh Guidance Shapes Dollar Outlook, MUFG Says
MUFG analyst Derek Halpenny notes that Fed Chair Kevin Warsh's first post-FOMC press conference is key for the dollar outlook, as a sharp drop in Brent oil eases near-term inflation risks.
Silver Dips as Fed Decision and US-Iran Truce Weigh on Sentiment
Silver (XAG/USD) edged lower on Wednesday, trading near $69.85, down 0.25%, as traders await the Federal Reserve's policy decision and monitor a potential US-Iran truce.
Euro Struggles as ECB Rate Hike Fully Priced – ING
ING’s FX team notes that a fully priced ECB rate hike limits Euro upside, and further hawkishness may not boost EUR/USD.
Silver Falls to $69.70, Down 0.47% on Wednesday
Silver prices declined on Wednesday, trading at $69.70 per troy ounce, a drop of 0.47% from the previous close of $70.03, according to FXStreet data.
Oil Plunge Below $80 Reshapes Fed Inflation Risk View – MUFG
MUFG’s Derek Halpenny notes that Brent crude falling below $80 and a 30% monthly drop have significantly lowered near-term inflation risks for the Fed.
Bitcoin Sharpe Ratio Hits -20, Historically Marking Price Bottom
Bitcoin's Sharpe ratio dropped to -20 on June 11, a level that historically signals a price bottom and the start of accumulation. Exchange reserves fell by 80,000 BTC since February, while long-term investors doubled their buying pace.
Slovak Economy Enters 2026 with Subdued Growth
The Slovak economy started 2026 with weak growth, as household consumption increased only moderately and investment posted a sharp decline. Full-year economic expansion is expected to remain subdued.
WTI Holds Losses Near $75.60 on Easing Supply Concerns
West Texas Intermediate crude oil prices remain subdued for a fifth consecutive session, trading around $75.60 per barrel as easing supply concerns weigh on the market.
AUD/USD Faces Deeper Pullback After RBA Pauses Rate Hikes
The Australian Dollar weakened against the US Dollar after the Reserve Bank of Australia held its cash rate steady, ending a streak of rate hikes and triggering a corrective decline from near the 0.7000 level.
US-Iran Peace Agreement Hopes and Fed Day in Focus
Expectations that the US and Iran will sign a peace agreement on Friday have boosted market sentiment, with 60 days of talks planned. Markets also await the Federal Reserve's latest decision.
Dow Jones Futures Flat Ahead of Fed Decision, S&P and Nasdaq Edge Higher
Dow Jones futures were little changed near 52,040 during European trading on Wednesday, while S&P 500 and Nasdaq 100 futures rose 0.26% and 0.8% respectively, as markets awaited the Federal Reserve's interest rate decision.
WTI Crude Extends Losses, Closes Below 200-Day EMA
WTI crude oil continued its decline on Tuesday, falling below the 200-day exponential moving average for the first time since February as geopolitical risk premiums diminish.
EUR/USD Rebound Eyes 200-DMA Hurdle – Societe Generale
Societe Generale notes EUR/USD has bounced after defending the April low near 1.1500, but the rally now faces a key test at the 200-day moving average with no clear breakout signal yet.
Brent Breaks Below 200-Day Moving Average – SocGen
Societe Generale notes Brent crude has broken below its 200-day moving average near $78.4, with prices now 38% off their peak yet still 10% above pre-war levels.
DXY Consolidates Near 99.50 Ahead of Fed Decision
The US Dollar Index is trading in a narrow range around mid-99.00s as traders await the outcome of the FOMC meeting.
RBA Hawkish Hold, BOJ Cautious Hike, Fed's Defining Moment
The RBA left rates unchanged but signaled possible hikes due to energy costs, the BOJ raised rates cautiously, and the Fed faces a key decision.
Gold Surges 2% at Week Start on Geopolitical Shifts and Fed Bets
Spot gold (XAUUSD) rose over 2% since the week opened, reaching near $4,342 per ounce on Wednesday, driven by geopolitical changes and expectations around the Federal Reserve.
ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation
European Central Bank policymaker Gediminas Šimkus stated that additional rate hikes are likely needed to contain inflation risks.
NZD/USD Falls as Markets Await Fed Decision
The New Zealand Dollar slipped against the US Dollar on Wednesday, trading near 0.5820 as caution prevailed ahead of the Federal Reserve's policy decision.
GBP/JPY Drops Below 215 on UK Inflation Miss, Intervention Fears
The British pound weakened sharply against the Japanese yen, falling below 215.00 after softer-than-expected UK consumer inflation data. The move snapped a three-day winning streak for GBP/JPY and revived speculation about possible Japanese intervention.
Kevin Warsh Key to Dollar Resilience as Brent Drops on US-Iran Deal
Kevin Warsh's stance is crucial for dollar strength, while Brent crude falls below $80 after US-Iran deal details, providing a dovish argument before the FOMC announcement.