Polish Zloty: Dovish NBP tone risks downside – ING

The post Euro: Upside bias against US Dollar as ECB repriced – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the US Dollar (USD) but supported by a sharp recovery in yield spreads and stronger German industrial production. Renewed hawkishness from European Central Bank (ECB) policymakers is lifting Euro area rate expectations. They see near-term upside for EUR/USD, with technicals pointing to a drift toward 1.15 within a 1.1400–1.1500 range and limited resistance before 1.1580. Hawkish ECB supports Euro “Bearish/neutral – the recovery in the RSI is important, reflecting a clear fade in bearish momentum and a drift back toward the neutral threshold around 50. The near-term balance of risk appears to favor gains and a drift toward 1.15 and we note the absence of any material resistance ahead of 1.1580. The medium-term trend is flat, and we look to a near-term range bound between 1.1400

The post Australian Dollar falls amid cautious Fedspeak appeared on BitcoinEthereumNews.com. AUD/USD declines toward 0.6940 as the Australian Dollar (AUD) loses momentum, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed) and lingering uncertainty over inflation. The latest United States (US) labor data showed that the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to a softer pace of private hiring. The figure suggests that labor market momentum is cooling, which could normally weigh on the Greenback. However, the USD held firm as investors remained cautious ahead of more important US data and continued to price in a data-dependent Fed stance. New York Fed President John Williams said the US economy is showing steady trend-like growth and that the job market remains stable. However, he warned that inflation is still quite high, keeping pressure on the Fed to maintain a restrictive policy stance. Williams added that m

The widening trade deficit may pressure GDP growth, influencing Federal Reserve rate decisions and impacting tech and crypto market dynamics. The post US trade deficit widens sharply as AI-fueled capital goods imports hit record highs appeared first on Crypto Briefing.

The post Silver falls below $61 as markets await FOMC minutes appeared on BitcoinEthereumNews.com. Silver (XAG/USD) extends its decline for a second consecutive day on Tuesday, trading around $60.70 at the time of writing, down 2.21% on the day. The precious metal is giving back part of last week’s gains as investors adopt a cautious stance ahead of the release of the Federal Reserve (Fed) meeting minutes. Higher US Treasury yields continue to reduce the appeal of non-yielding assets, while the US Dollar (USD) remains broadly supported by expectations that the Fed will maintain a restrictive monetary policy. According to the CME FedWatch tool, markets largely expect the Fed to leave interest rates unchanged at its upcoming meeting, and expectations for a rate hike later this year have eased slightly following the latest US labor market data. Recent US employment indicators continue to point to a gradual slowdown in the labor market. Job growth has recently fallen short of expectations,

The post Swiss Franc eases as hawkish Fed outlook supports US Dollar appeared on BitcoinEthereumNews.com. USD/CHF holds modest gains on Tuesday as traders balance softer US labor market data against hawkish Federal Reserve (Fed) expectations, keeping the US Dollar (USD) range-bound. At the time of writing, the pair is trading around 0.8066, remaining on the front foot for a second consecutive day. Recent US labor market data have come in softer than expected, pointing to a gradual cooling after showing signs of improvement earlier this year. The four-week average of the ADP Employment Change eased to 21K from 24.25K. This follows last week’s disappointing June Nonfarm Payrolls (NFP) report, which showed the US economy added just 57K jobs, well below market expectations of 110K. The softer labor market data have prompted traders to scale back expectations of a near-term Fed rate hike. However, Fed officials continue to stress that inflation remains a concern. New York Fed President John

The post National Bank of Poland: Wait-and-see stance holds – ING appeared on BitcoinEthereumNews.com. ING economists Rafal Benecki and Adam Antoniak expect the National Bank of Poland (NBP) to keep interest rates unchanged at 3.75% on 9 July and through year-end, with hikes ruled out and cuts seen as unlikely in the near term. They argue the easing cycle, interrupted by the Persian Gulf turmoil, will only resume once policymakers gain more confidence in the inflation outlook. NBP seen holding rates steady “With inflation back at the 2.5% target in June, we think the Polish central bank is likely to maintain its wait-and-see stance on 9 July. Rate hikes are off the table, while cuts remain unlikely in the near term. Rates should stay unchanged through year-end, although easing discussions may re-emerge later this year.” “At the beginning of June, rate forwards were pricing in more than three rate hikes, whereas by the start of this month some investors had already begun betting on rate

The post Euro: ECB cautious as euro area outlook stays fragile – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu cites European Central Bank (ECB) Governing Council member Fabio Panetta, who describes a fragile Euro area outlook with upside inflation risks and downside growth risks. Panetta stresses that policy should not follow a preset path, frames the latest rate hike as recalibration after oil-driven inflation, and says recurring supply shocks may force further adaptation to meet the 2% target. Panetta flags balanced risks for Euro “ECB Governing Council member Fabio Panetta said in Rome that the euro area faces a fragile outlook, with upside risks to inflation still coexisting with downside risks to growth.” “He argued that recent peace talks between the U.S. and Iran could eventually ease energy prices but warned that monetary policy should not follow a preset path.” “Panetta said policymakers must keep a close watch on geopolitical developments, energy markets, supply ch

The post Fed’s Williams: “Monetary policy is in a good place” appeared on BitcoinEthereumNews.com. Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that the United States (US) economy continues to show steady, trend-like growth, while the labor market remains stable. Speaking in an interview with Fox Business, Williams noted that monetary policy is well positioned to achieve the Fed’s goals, although future decisions will depend on incoming data and risks. Key takeaways: Williams said he sees steady trend-like growth for the US economy. The job market is showing stability, with risks looking pretty balanced. The retreat in energy prices is good news and should continue to cool inflation. Inflation is still quite high, but Williams feels more positive about the near-term outlook due to lower energy prices. The Fed is likely near the peak impact of tariffs. Monetary policy is well positioned to achieve the Fed’s goals. What happens next with monetary policy