Germany HCOB Services PMI below forecasts (48.7) in June: Actual (46.8)
Germany HCOB Services PMI below forecasts (48.7) in June: Actual (46.8)
Silver Price Forecasts: XAG/USD nears seven-month lows at $61.00 as US yields jump
Silver (XAG/USD) has resumed its downtrend on Tuesday, following a tame recovery attempt on Monday, and trades in the mid-range of $62.00, drawing closer to year-to-date lows in the $61.00 area.
United States Dollar Index hovers around 101.00 ahead of US PMI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds gains near a 13-month high of 101.13, reached on June 19, during the early European hours on Tuesday. Traders await S&P Global US Purchasing Managers Index (PMI) data due later in the day.
Oil: US-Iran progress weighs on prices – Commerzbank
Commerzbank reports that diplomatic progress in US-Iran talks has pressured Oil, with Brent falling to USD 77.90 and WTI also lower. A 60‑day US license allows Iran to sell crude internationally, and more than 30 million barrels have already departed for Asia.
France HCOB Composite PMI increased to 47.6 in June from previous 44.9
France HCOB Composite PMI increased to 47.6 in June from previous 44.9
France HCOB Manufacturing PMI above forecasts (50.4) in June: Actual (50.7)
France HCOB Manufacturing PMI above forecasts (50.4) in June: Actual (50.7)
France HCOB Services PMI registered at 47.4 above expectations (45.9) in June
France HCOB Services PMI registered at 47.4 above expectations (45.9) in June
Canadian Dollar falls back against US Dollar ahead of US flash PMI data
The Canadian Dollar (CAD) retreats against the US Dollar (USD) on Tuesday after a short-lived pullback move the previous day.
Copper: Prices supported by tightening stocks – ING
ING’s Warren Patterson and Ewa Manthey report that Copper prices edged higher on progress in US-Iran talks, which eased transit and inflation concerns. They note that falling SHFE and LME inventories underpin fundamentals, while Chinese refined Copper output rose in May on better smelter margins.
Silver: Consolidation expected below key resistance – OCBC
OCBC’s Christopher Wong sees Silver showing tentative stabilisation after heavy trading and persistent ETF outflows, with year‑to‑date ETF holdings down 9.2%.
NZD/USD Price Forecast: Kiwi tests YTD lows at 0.5683 in cautious markets
The New Zealand Dollar (NZD) extends losses against the US Dollar (USD) for the fifth consecutive day on Tuesday, reaching levels sub-0.5700, and approaching year-to date lows, at 0.5683.
WTI slumps below $73.00 as traders continue to watch US-Iran peace talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.75 during the early European trading hours on Tuesday. The WTI price falls to the lowest level since early March as traders continue to watch US-Iran moves.