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Banks

Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank
Commerzbank’s Tatha Ghose notes that Russia’s central bank has shifted EUR/RUB pricing to derive from USD/RUB, despite thin hard-currency trading.…
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Forex

Australian Dollar picks up amid easing geopolitical tensions, bright data from China
AUD/USD hits session highs at 0.7070, although it remains near eight-week lows. Bright Trade Balance data from China has provided…
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Markets

Euro remains stronger against Japanese Yen following German Industrial Production data
EUR/JPY holds gains as a stronger Euro is supported by robust Germany’s Industrial Production. Germany’s seasonally adjusted industrial output rebounded…
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Banks

US Dollar Index: Consolidation phase before data – ING
ING’s Chris Turner notes that risk assets and Asian currencies have stabilised, but expects the US Dollar (USD) to stay…
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Markets

Why is the British Pound struggling when the BoE is considering rate hikes?
The British Pound (GBP) is struggling as mounting political uncertainty and deteriorating economic indicators complicate the United Kingdom’s outlook. Ahead of the key…
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Markets

Trade of The Day: USD/SEK
Facts: USDSEK is testing the support at 9.3990 The main trend from the end of May remains upward The pair…
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Markets

OpenAI joins the IPO train, as US markets get more dominant
We start trading on Tuesday with another IPO story, OpenAI has confidentially filed for an IPO, alongside SpaceX and Anthropic.…
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Metals

Gold draws support from weaker USD; bulls seem hesitant amid Fed hike bets
Gold steadies following the overnight bounce from its lowest level since March 23. Israel and Iran halt hostilities, undermining the…
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Forex

NZD/USD Price – New Zealand Dollar steadies above 0.5800 as neutral bias prevails
NZD/USD may find initial support at the rectangle’s lower boundary near 0.5790. The 14-day Relative Strength Index around 43 suggests…
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Forex

EUR/JPY Price Strengthens above 184.50 with bullish tone despite intervention risks
EUR/JPY gathers strength near 184.85 in Tuesday’s early European session. The cross keeps the bullish vibe, but further consolidation cannot…
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