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GBP/JPY Price Forecast: Buyers defend 216.50 as bullish trend continues
GBP/JPY trades in a narrow range on Tuesday as market sentiment remains fragile amid escalating tensions between the US and Iran, which are driving Oil prices higher once again. At the time of writing, the cross trades around 217.10 as the Japanese Yen (JPY) remains broadly weak.
United States ADP Employment Change 4-week average fell from previous 21K to 19.75K in June 20
United States ADP Employment Change 4-week average fell from previous 21K to 19.75K in June 20
Japanese Yen: JGB outperformance and repatriation story – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/JPY is trading near a 40‑year high above 162.00 while Japanese Government Bonds are outperforming. Strong demand at the 20‑year auction and comments from Finance Minister Satsuki Katayama encouraging more domestic investment support JGBs.
New Zealand Dollar hits fresh three-month highs as central banks divergence hurts the Aussie
The New Zealand Dollar (NZD) extended gains against the Aussie Dollar (AUD) on Tuesday.
US Dollar: Inflation risks skewed to downside – Commerzbank
Commerzbank’s Michael Pfister argues recent US Dollar strength rests on increasingly hawkish Federal Reserve expectations that may be overdone.
United States Dollar Index holds correction near 101.10, eyes on inflation data
The US Dollar (USD) holds its early corrective move in Tuesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Brent: Refined products risk contrasts resilient crude – Rabobank
Rabobank strategists Joe DeLaura and Florence Schmit keep their Brent Oil forecasts broadly unchanged, projecting $80/bbl in Q3 2026 and $78/bbl in Q4 2026.
US Dollar: Residual strength as safe-haven returns – TD Securities
TD Securities strategists expect the US Dollar to retain some residual strength in Q3 as positioning normalizes and traditional safe-haven demand returns.
Copper: Physical demand supports prices – ING
ING’s Warren Patterson and Ewa Manthey highlight supportive fundamentals for Copper, with tightening LME warehouse dynamics and strong physical demand.
AUD/USD Price Forecast: 20-day EMA continues to be key barrier
The AUD/USD pair trades 0.35% higher to near 0.6945 during the European trading session on Tuesday. The Aussie pair gains as the US Dollar (USD) underperforms its peers ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
US Dollar: Fed pricing stays hawkish – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the rebound in Oil is lifting US inflation expectations and supporting the Dollar. Haddad highlights sticky US inflation, a resilient labor market and US economic outperformance as factors keeping Fed pricing hawkish.
Gold rises 2% as soft US CPI cools Fed rate-hike bets
Gold (XAU/USD) rebounds sharply on Tuesday, erasing losses recorded on the previous day after softer-than-expected US inflation data eased expectations of a near-term Federal Reserve (Fed) interest rate hike.
Fed: Data-driven path through summer – Commerzbank
Commerzbank’s Christoph Rieger argues that US CPI and Fed Chair Warsh’s testimony will shape Fed expectations over summer, with markets currently pricing roughly a 50/50 chance of a July hike and more than 25bp by September.