European Central Bank: One more hike base case as data soften – OCBC

The post Euro trades flat despite soft European inflation appeared on BitcoinEthereumNews.com. EUR/USD trades in a muted fashion near the 1.1430 area on Friday, as a weaker US Dollar (USD) helps the pair hold onto modest Thursday gains. That was true even after inflation data from Germany and France showed limited price pressure. Germany’s Consumer Price Index (CPI) fell 0.3% MoM in June, while the annual rate remained unchanged at 2.3%. The Harmonized Index of Consumer Prices (HICP) declined 0.2% MoM and rose 2.4% YoY. In France, the EU-harmonized CPI fell 0.3% on the month and increased 2.0% from a year earlier. The readings suggest that inflation in two of the Eurozone’s largest economies remains relatively contained. This could reduce the need for the European Central Bank (ECB) to maintain an aggressively restrictive policy stance, limiting the Euro’s upside. Meanwhile, geopolitical uncertainty remains in focus. United States (US) President Donald Trump said on Truth Social that I

The post Mexico: Softer CPI backs dovish Banxico case – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale analysts Dev Ashish and Brendan McKenna note that Mexico’s June inflation data surprised to the downside, with headline and core measures moving close to Banxico’s target range. They argue that weak economic activity is weighing on services and core goods prices, reinforcing disinflation. The softer inflation profile strengthens the case for a more dovish Banxico stance, though the policy rate is still expected to stay at 6.50% near term. Disinflation bolsters easing expectations “June inflation surprised decisively to the downside, with headline CPI falling to 3.37% yoy and core inflation to 4.03% yoy. More importantly, the second bi-weekly reading showed headline at 3.18% yoy and core at 3.94% yoy, bringing both measures close to or within Banxico’s target range and providing the strongest evidence yet that underlying inflation pressures are easing.” “Service

The post New Zealand Dollar: Constructive outlook faces yield constraints – OCBC appeared on BitcoinEthereumNews.com. OCBC strategists Christopher Wong and Sim Moh Siong note that the New Zealand Dollar (NZD) outperformed after stronger manufacturing data and hawkish Reserve Bank of New Zealand (RBNZ) commentary reinforced expectations for further tightening. They remain constructive on NZD but highlights that upside from yield support may be constrained near term. Markets are pricing the RBNZ as the most hawkish G10 central bank, with around 80bp of additional tightening by mid-2027. NZD strength meets yield headwinds “NZD outperformed after stronger-than-expected manufacturing data and hawkish RBNZ commentary strengthened expectations for further policy tightening. New Zealand’s manufacturing PMI rose to 59.7 in June, its highest level since July 2021.” “We remain constructive on NZD. However, the scope for NZ yields to move materially higher in the near term may be limited until the

Heightened US-Iran tensions could destabilize global markets, impacting oil prices and increasing regulatory scrutiny on cryptocurrencies. The post Israel shares intelligence with US on Iranian plot against Trump, raising geopolitical risk for markets appeared first on Crypto Briefing.

The post Indian Rupee: Stabilisation but recovery hurdles against US Dollar – OCBC appeared on BitcoinEthereumNews.com. OCBC strategists Christopher Wong and Sim Moh Siong observe that the Indian Rupee (INR) faced depreciation pressure as Oil and geopolitics resurfaced, pushing USD/INR towards a one‑month high. He notes that some pressure has eased with Oil off its highs and RBI-linked Dollar sales helping limit losses. Near term, USD/INR should stay relatively contained, though a clean recovery likely needs lower Oil prices. USD/INR pressure easing with flows and RBI support “INR came under depreciation pressure as oil/geopolitics moved back into focus. Higher crude prices can pose downside pressure for INR, and USD/INR’s move towards one-month high yesterday suggests that market is again testing INR’s oil sensitivity.” “That said, some of the pressure has eased with oil prices back off highs and the INR is not without support. RBI-linked USD sales appear to have helped limit recent l

The post Euro retraces previous gains as Eurozone data paves the way for an ECB pause appeared on BitcoinEthereumNews.com. The Euro (EUR) has given away most of the daily gains against the US Dollar (USD) on Friday, returning to the 1.1430 area from session highs at 1.1475, which leaves the pair practically flat on the daily chart. Soft economic data from Eurozone countries, coupled with geopolitical uncertainty and higher Oil prices, is posing a significant weight on the Euro rallies. In Germany, June’s final Harmonized Index of Consumer Prices (HICP) confirmed previous estimations, showing that inflation slowed down to a 2.4% year-over-year (y-o-y) rate from 2.7% in May and from the April peak of 2.9%. Monthly inflation contracted 0.2%, also in line with preliminary estimations, and following a 0.1% contraction in May. At a later time, INSEE revealed that France’s Consumer Price Index (CPI) was also in line with the preliminary estimations. Yearly inflation eased to a 2% rate in June

The post Delta Air Lines (DAL) Q2 2026 earnings appeared on BitcoinEthereumNews.com. Delta Air Lines‘ profit goal is in reach this year as the carrier passes along higher fuel costs to customers, pricing power CEO Ed Bastian expects to last even as oil prices drop from multiyear highs. “I think it’s sustainable,” Bastian told CNBC in an interview. He said fares will likely stay strong thanks to robust demand, more diverse seat options, and a more disciplined airline industry that’s learned from the past and isn’t likely to expand capacity as soon oil falls. Delta on Friday forecast third-quarter per-share earnings of between $2.00 and $2.50, compared with analysts’ estimates of $2.02 a share for the period. The company also projected revenue would be up in the mid-teens compared with the July-through-September period of 2025. For the full-year, the carrier reaffirmed its January per-share earnings forecast of between $6.50 and $7.50. Here’s what Delta reported for the second quarter co

The post Gold: Tentative stabilisation on oil relief – OCBC appeared on BitcoinEthereumNews.com. OCBC strategists Christopher Wong and Sim Moh Siong highlight that Gold has rebounded as Oil prices eased, reducing inflation and Fed tightening concerns, while a softer US Dollar also supported the move. However, ETF holdings remain lower month-to-date, suggesting the recovery is more relief-driven than a decisive return of investor demand. Near term, Gold could trade with a better tone if Oil and yields stay contained. Relief-driven recovery in Gold “Gold. Tentative stabilisation on oil relief. Gold rebounded as oil prices eased from their recent spike, taking some pressure off inflation expectations, yields and Fed tightening concerns. A softer USD also helped the recovery, after the recent selloff across the precious metals complex.” “But ETF flows have yet to confirm a broader investor rebuild. Bloomberg data show total known gold ETF holdings remain lower month-to-date, even though ho