The eurozone’s latest PMI reading of 49.5 indicates slowing contraction but remains below the 50 threshold for growth. The eurozone’s purchasing managers’ index climbed to 49.5 in the latest survey, up from previous levels but still below the 50 mark that separates expansi
The New Zealand Dollar declines against major peers ahead of US PMI data, pressured by rising US interest rate expectations. The New Zealand Dollar (NZD) dropped 0.4% to 0.5690 during Tuesday’s European session, extending losses against major currencies. The decline follow
June data shows Eurozone economic activity remains weak but improves slightly as inflation concerns ease. Eurozone composite PMI climbed to 49.5 in June from 48.5 in May, signaling persistent but moderating economic weakness. The reading remains below the 50 threshold, ind
FUNDAMENTAL OVERVIEW USD: The US dollar continues to be supported following the hawkish Fed dot plot last week as the central bank’s tightening bias led to a hawkish repricing in interest rate expectations. As a reminder, the Fed delivered a hawkish surprise by projecting
Softer Eurozone PMI price data and ECB President Lagarde’s dovish tone drive EUR/USD toward 1.13 support levels. EUR/USD is eyeing the 1.13 level as softer Eurozone PMI price data and a dovish shift from European Central Bank President Christine Lagarde pressure the euro.
Societe Generale’s Kenneth Broux and colleagues highlight softer Eurozone PMI price data and a dovish tone from European Central Bank (ECB) President Lagarde as key drivers for EUR/USD. They see the 1.13-handle as in focus, with support around 1.1390 and 1.1350 The
The Japanese Yen (JPY) is picking up against the US Dollar (USD) on Tuesday after hitting lows a few pips above the 40-year low of 161.95 on Monday. The USD/JPY pair edges down by less than 0.1% on the day but remains within Monday’s trading range, with bears struggling to
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $62.18 per troy ounce, down 4.47% from the $65.09 it cost on Monday Silver prices have decreased by 12.53% since the beginning of the year. The Gold/Silver ratio, which shows the n
UK central bank relaxes proposed limits on sterling stablecoins, allowing £40bn total issuance per provider after industry feedback. The Bank of England has revised its draft rules for sterling stablecoins, replacing individual holding restrictions with a £40bn cap on tota
Dow, S&P 500, and Nasdaq 100 futures retreat as geopolitical uncertainty weighs on investor sentiment early Tuesday. US stock futures fell during European trading hours Tuesday amid rising geopolitical tensions after Iran denied International Atomic Energy Agency inspectio
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