The post Euro: Moves with yields and energy prices against US Dollar – Danske Bank appeared on BitcoinEthereumNews.com.
Danske Research Team notes that EUR/USD ended last week around 1.1650 after a sharp drop in Oil prices, with US and Euro area yields both moving lower. They highlight upcoming United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI), labor data and the Euro area HICP as key drivers. Euro area unemployment and PMI figures are expected to confirm a still-soft but stable recovery. Labor data and oil-driven swings “EUR/USD ended the week around 1.1650 following the big drop in oil prices. US interest rates fell back last week with the 10Y Treasury yield falling to 4.43% down more than 20bp from the top in mid-May. The impact on EUR/USD FX swaps was limited as interest rates in the euro area also fell.” “In the euro area, May flash inflation data from Germany, France, Italy and Spain (around 75% of the aggregate print) showed headline inflation rising mainly o
The post Switzerland SVME – Purchasing Managers’ Index came in at 57.3, above expectations (54) in May appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/switzerland-svme-purchasing-managers-index-came-in-at-573-above-expectations-54-in-may-202606010730
The post Canadian Dollar weakens on risk-off mood, dovish BoC’s tone appeared on BitcoinEthereumNews.com.
USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. The geopolitical landscape remains fluid as diplomatic channels between Washington and Tehran experience ongoing activity. Iranian Foreign Minister Abbas Araghchi confirmed that talks and message exchanges with the United States are currently underway. However, Araghchi maintained a cautious stance, emphasizing that it remains impossible to properly evaluate the trajectory of these negotiations until a definitive and clear outcome is officially reached. Adding momentum to these diplomatic efforts, US President Donald Trump has requested specific r
The post Swiss Franc picks up from session lows following upbeat Swiss data releases appeared on BitcoinEthereumNews.com.
The Swiss Franc (CHF) holds moderate losses against the US Dollar (USD) on Monday, but has bounced up from daily lows, as Swiss Gross Domestic Product (GDP) and Retail Sales Figures pointed to a resilient economy in the face of the Iran war and the energy shock stemming from it. The USD/CHF pair trades at 0.7825 at the time of writing, after pulling back from session highs, near 0.7840. Data released by the Swiss Federal Statistics Office revealed that economic growth accelerated to 0.7% in the first three months of the year, beating expectations of a 0.5% gain, and following an upwardly revised 0.2% growth in Q4. Compared with the same quarter last year, however, economic growth slowed down to 0.5%, following a 1% advance in the previous quarter. Earlier on Monday, Swiss Retail Sales data also beat expectations with a 1.6% yearly growth in April, well above market
The post Forex Today: Markets shrug off escalating tensions in Middle East appeared on BitcoinEthereumNews.com.
Here is what you need to know on Monday, June 1: Major currency pairs struggle to pull away from the previous week’s closing levels as investors largley brush off news pointing to a fresh escalation of tensions in the Middle East. In the second half of the day, the US economic calendar will feature the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for May. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% -0.13% 0.14% 0.05% 0.04% 0.32% 0.24% EUR -0.04% -0.16% 0.07% 0.01% 0.04% 0.29% 0.17% GBP 0.13% 0.16% 0.26% 0.19% 0.13% 0.43% 0.32% JPY -0.14% -0.07% -0.26% -0.06% -0.08% 0.21% 0.08% CAD -0.05% -0.01% -0.19% 0.06% -0.02% 0.26% 0.16% AUD -0.04% -0.04% -0.13%
The post Switzerland Gross Domestic Product (YoY) fell from previous 0.7% to 0.5% in 1Q appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-yoy-fell-from-previous-07-to-05-in-1q-202606010700
The post Switzerland Gross Domestic Product (QoQ) came in at 0.7%, above forecasts (0.5%) in 1Q appeared on BitcoinEthereumNews.com.
GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data. Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-qoq-came-in-at-07-above-forecasts-05-in-1q-202606010700
The post Silver Price Forecast: XAG/USD rises to near $75.70 on US-Iran deal hopes appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) is up 0.5% to near $75.75 during the European trading session on Monday. The white metal trades higher amid hopes that the United States (US) and Iran will reach a permanent peace deal soon. In the late Asian trade, US President Donald Trump said through a post on Truth Social that Iran wants a deal badly, while warning that the option of military action remains on the table. Over the weekend, US President Trump said in an interview with Fox Business that the terms of the deal with Iran have been revised, adding that destroying Tehran’s nuclear dust and the reopening of the Strait of Hormuz remain key demands. Meanwhile, the oil price has rebounded, following the exchange of attacks between Israel and Lebanon. The Silver and oil prices have carried a negative relationship since the onset of the war, as elevated energy prices have prompted inflat
The post Australia RBA Commodity Index SDR (YoY) up to 16.8% in May from previous 15.7% appeared on BitcoinEthereumNews.com.
Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/australia-rba-commodity-index-sdr-yoy-up-to-168-in-may-from-previous-157-202606010630
