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Copper: Physical demand supports prices – ING
ING’s Warren Patterson and Ewa Manthey highlight supportive fundamentals for Copper, with tightening LME warehouse dynamics and strong physical demand.
AUD/USD Price Forecast: 20-day EMA continues to be key barrier
The AUD/USD pair trades 0.35% higher to near 0.6945 during the European trading session on Tuesday. The Aussie pair gains as the US Dollar (USD) underperforms its peers ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Fed: Data-driven path through summer – Commerzbank
Commerzbank’s Christoph Rieger argues that US CPI and Fed Chair Warsh’s testimony will shape Fed expectations over summer, with markets currently pricing roughly a 50/50 chance of a July hike and more than 25bp by September.
Japanese Yen: Domestic savings shift aids JGBs and JPY – MUFG
MUFG’s Lee Hardman notes Japanese government bond yields have fallen despite higher global yields, with Japanese Government Bonds (JGBs) supported by verbal intervention from policymakers.
美国 NFIB 6 月份商业乐观指数为 97.4，高于预期（95.8）
美国 NFIB 6 月份商业乐观指数为 97.4，高于预期（95.8）
GBP/USD Price Forecast: Pound holds above 1.3350 with the 200-day SMA capping gains
The British Pound (GBP) appreciates against the US Dollar (USD) on Tuesday to trim previous losses and return to the 1.3375 area, aiming to retest resistance at the key 200-day Simple Moving Average (SMA).
New Zealand Dollar: Gulf re-escalation favours Kiwi outperformance – ING
ING strategist Francesco Pesole notes that the New Zealand Dollar is the best-performing G10 currency since early week, boosted by last week’s RBNZ rate hike and hawkish repricing. He says FX markets are rewarding currencies with scope for further domestic tightening, beyond commodity exposure.
Fed: Guidance, reaction function and rates – BNY
BNY Markets strategists John Velis and David Tam discuss new Federal Reserve (Fed) task forces and focus on the Communications group led by Mervyn King, Arminio Fraga and Peter Fisher.
土耳其里拉：结构性外部缺口使土耳其里拉面临压力——德国商业银行
德国商业银行的 Tatha Ghose 强调，土耳其的经常项目赤字在 5 月份扩大，并且在结构上仍然受到储蓄投资失衡的驱动。投资组合流入乏力，5 月份出现新的资金外流和资本外逃迹象。
BoE’s Bailey: Resumption of hostilities in Gulf underlines instability going forward
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that the “resumption of hostilities in the Gulf underlines instability going forward.”
USD/JPY Price Forecast: Slides to 162.00 as constructive setup favors bulls before US CPI
The USD/JPY pair remains on the back foot through the first half of the European session on Tuesday. Intervention risks support the Japanese Yen (JPY) and act as a headwind for spot prices amid a softer US Dollar (USD).
New Zealand Dollar holds gains near 0.5800, unfazed by risk aversion
The New Zealand Dollar (NZD) appreciates against the US Dollar (USD) on Tuesday, hardly affected by the risk-averse scenario.
Spain 9-Month Letras Auction rose from previous 2.518% to 2.623%
Spain 9-Month Letras Auction rose from previous 2.518% to 2.623%