British Pound: Poised to fall toward 1.3100 against US Dollar – BBH
Brown Brothers Harriman’s Elias Haddad says GBP/USD has given back part of its US-Iran-related gains and is expected to fall to 1.3100 as United States (US) growth outpaces the United…
US energy rig count falls for first time in eight weeks
US energy rig count falls for first time in eight weeks Source link
Economics Week Ahead – ActionForex
Next week’s calendar is dominated by central bank decisions, with policy paths still shaped by sticky inflation, softer growth and energy-driven uncertainty. We expect the FOMC to strike a neutral…
United States Michigan Consumer Sentiment Index rises to 48.9 in June
Consumer confidence in the United States (US) improved slightly in June, with the University of Michigan's (UoM) Consumer Sentiment Index rising to 48.9 in the flash estimate from 44.8 in…
Brent hits lowest level in over two months as oil prices slide on Iran peace hopes
Brent hits lowest level in over two months as oil prices slide on Iran peace hopes Source link
US Iran strikes focus is navy bases and air defences to force deal – update
A second consecutive day of US strikes, now extending to more naval assets used to threaten shipping lanes, points to a sustained campaign rather than a one off action, likely…
Bank of England: Hold stance extended as inflation risks linger – TD Securities
TD Securities economists expect the Bank of England (BoE) to keep Bank Rate at 3.75% with a 7-2 vote as Greene joins Pill in calling for a hike. They highlight…
European Central Bank: Hawkish forecasts point to higher terminal rate – Nomura
Nomura’s European Economics team, led by Andrzej Szczepaniak and colleagues, notes that the ECB delivered a 25bp hike to a 2.25% depo rate and unveiled more hawkish forecasts. Despite a…
New Zealand Dollar slips as strong US data bolster US Dollar gains
NZD/USD trades around 0.5830 on Friday at the time of writing, down 0.15% on the day as the US Dollar (USD) maintains a firm tone following a series of strong…
Canadian Dollar: Overbought Dollar holds near 1.40 ceiling – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Canadian Dollar (CAD) is weighed down by weaker Oil prices linked to Iran peace hopes, even as improved risk appetite…
