Market News
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Dow Jones futures slip as US-Iran tensions, rate hike fears weigh on sentiment
Dow Jones futures decline by 0.11% to trade around 54,000 during European hours on Tuesday. Meanwhile, S&P 500 futures are steady around 7,770 and Nasdaq 100 futures gain 0.12%, trading near 29,770.
US Dollar Index Price Forecast: Supported by rising Oil prices
The US Dollar (USD) extends its Monday recovery move on Tuesday, as rising Oil prices due to prolonged fears of energy supply disruption keep global inflation expectations de-anchored.
Hungarian Forint: Near-term gains against Euro before renewed pressure - Commerzbank
Commerzbank’s Tatha Ghose describes recent Forint weakness as a high-beta correction that only partly erases post-election outperformance.
New Zealand Dollar declines as US Dollar rebounds on safe-haven demand
NZD/USD extends its losses for the second successive day, trading around 0.5880 during the European hours on Tuesday. The pair depreciates as the US Dollar (USD) gains on increased safe-haven demand amid heightened geopolitical tensions.
Italy Trade Balance EU: €1.577B (June) vs €0.845B
Italy Trade Balance EU: €1.577B (June) vs €0.845B
Italy Global Trade Balance registered at €4.232B, below expectations (€4.74B) in June
Italy Global Trade Balance registered at €4.232B, below expectations (€4.74B) in June
Japanese Yen struggles below 159.00 vs USD amid fiscal woes, US-Japan rate gap
The USD/JPY pair reverses an intraday dip to sub-159.00 levels and climbs to the top end of its daily range during the early part of the European session on Tuesday.
Equities: Risk sentiment holds despite oil and rates – Deutsche Bank
Deutsche Bank strategists report that US equities saw modest losses as Oil extended gains, with the S&P 500 easing slightly from record highs and chipmakers leading declines. Energy and health care outperformed.
Silver Price Forecasts: XAG/USD corrects lower from $67.00 resistance area
Silver (XAG/USD) trades lower on Tuesday, retreating to levels below $64.50, after rejection at seven-week highs around $66.60 on Monday.
British Pound: Upside tests but capped near 1.3555 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that GBP/USD extended last week’s rally, but overbought conditions should confine intraday moves to a 1.3490–1.3535 band.
Swiss Franc weakens as market caution lifts US Dollar
USD/CHF extends its gains for the second successive day, trading around 0.8110 during the early European hours on Tuesday. The currency pair has pushed higher as the US Dollar (USD) erased its intraday losses, fueled by a sharp rally in crude oil driven by heightened geopolitical tensions.
Japanese Yen: BoJ tightening key to recovery against US Dollar - OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that Japan’s recent FX intervention, backed by United States (US) involvement, has not fully reversed Japanese Yen (JPY) weakness, with USD/JPY near 159 after retracing much of its post-intervention drop.
Oil: Upside risks persist as deal optimism fades – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices are firmer as optimism over a potential US–Iran deal fades, keeping supply risks elevated.