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United States Industrial Production (MoM) came in at 0.1% below forecasts (0.3%) in May
United States Industrial Production (MoM) came in at 0.1% below forecasts (0.3%) in May
Platinum Elliott Wave view: Double three correction in play
Platinum (PL) surged to fresh record highs in late January, marking a potential inflection point toward a long‑term secular bull market. This article explores the metal’s extended outlook and the evolving Elliott Wave framework that underpins its advance.
US VP Vance: We expect Strait of Hormuz to be open toll-free long term
In an interview with CNBC on Monday, United States (US) Vice President JD Vance said that they expect the Strait of Hormuz to be "open toll-free in the long term," per Reuters.
Canada Wholesale Sales (MoM) above expectations (0.1%) in April: Actual (0.6%)
Canada Wholesale Sales (MoM) above expectations (0.1%) in April: Actual (0.6%)
United States NY Empire State Manufacturing Index below expectations (14) in June: Actual (5.7)
United States NY Empire State Manufacturing Index below expectations (14) in June: Actual (5.7)
Silver rallies as US Dollar slips on US-Iran framework, Fed decision looms
Silver (XAG/USD) trades around $70.70 at the time of writing on Monday, up 3.94% on the day. The white metal is extending its rebound and benefiting from a backdrop marked by a weaker US Dollar (USD) and expectations surrounding the upcoming Federal Reserve (Fed) meeting.
Iran's Baghaei: Sovereignty and territorial integrity of Lebanon part of agreement with US
Esmail Baghaei Hamaneh, the Spokesperson for the Ministry of Foreign Affairs of Iran, said on Monday that respecting sovereignty and territorial integrity of Lebanon is a part of the interim agreement with the United States (US).
Canada Housing Starts s.a (YoY) came in at 261.4K, above forecasts (255.1K) in May
Canada Housing Starts s.a (YoY) came in at 261.4K, above forecasts (255.1K) in May
Brent: Prices retreat toward $80 on supply optimism – MUFG
MUFG’s Lee Hardman highlights that Oil prices have fallen back toward USD80 per barrel as markets anticipate normalized flows through the Strait of Hormuz after the US-Iran agreement.
Japanese Yen: Risk flows and policy focus – BNY
BNY’s Bob Savage notes that the Japanese Yen is in focus as FX markets react to geopolitical de-escalation and shifting risk sentiment. The reopening of the Strait of Hormuz has supported risk assets, but investors remain attentive to policy divergence involving JPY, KRW and USD.
USD/JPY Price Forecast: Yen underperforms amid BoJ rate outlook uncertainty
The Japanese Yen (JPY) trades lower against its major currency peers during the European trading session on Monday, while the USD/JPY pair is marginally lower at around 160.15 after recovering its early losses.
Australian Dollar advances as US-Iran framework boosts risk appetite ahead of RBA decision
AUD/USD trades around 0.7070 at the time of writing on Monday, up 0.35% on the day, benefiting from renewed risk appetite after the United States (US) and Iran announced a framework agreement aimed at ending their conflict.
Indian Rupee holds strength on US-Iran deal finalization
The Indian Rupee (INR) trades strongly against the US Dollar (USD) in India's afternoon trading hours on Monday. The USD/INR pair plunges to near 94.60 as oil prices have nosedived, following the announcement that the United States (US) and Iran have reached a permanent peace deal.
US Dollar: Weaker path after US-Iran deal – MUFG
MUFG’s Lee Hardman notes that the US Dollar has extended losses after the US and Iran reached an interim agreement to end conflict and reopen the Strait of Hormuz.
Swedish Krona: Riksbank caution weighs on Krona – BBH
Brown Brothers Harriman (BBH) expects the Riksbank to keep its policy rate at 1.75% for a sixth consecutive meeting and to lean against market pricing for a 25 bps hike by year-end.
British Pound: BoE hikes and politics cap Pound – BBH
Brown Brothers Harriman expects the Bank of England to hold at 3.75% with a 7–2 vote and sees the first fully priced 25 bps hike in November.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $70.69 per troy ounce, up 3.91% from the $68.03 it cost on Friday.
WTI falls below $79.00 to three-month lows
West Texas Intermediate (WTI) crude falls around 5%, reaching a three-month low of $78.60 per barrel on Monday. Crude oil prices declined to three-month lows on easing supply concerns following reports that the United States (US) and Iran had reached a deal to end their conflict.
Japanese Yen: High stakes around BoJ and Fed – Societe Generale
Societe Generale highlights USD/JPY trading near 160, with dips bought despite lower Oil and expectations of a 25 bp BoJ hike.
Eurozone Industrial Production rises moderately by 0.1% in April, misses 0.3% estimates
The Eurozone industrial sector activity rises at a moderate pace of 0.1% in April, slower than 0.3% estimates, according to data published by Eurostat. March’s Industrial Production data was revised higher to 0.4% from 0.2%.
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