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Lagarde speech: Risks to growth outlook remain tilted to downside
Lagarde speech: Risks to growth outlook remain tilted to downside
While testifying before the European Parliament on Monday, European Central Bank (ECB) President Christine Lagarde said that survey data point to some weaker prospects for economic activity in the near term, per Reuters.
ECB
CentralBanks
WH Economic Adviser Hassett: No reason for Fed to not cut rates now
WH Economic Adviser Hassett: No reason for Fed to not cut rates now
Kevin Hassett, Director of the United States (US) National Economic Council (NEC), said on Monday that there is no reason for the Federal Reserve to not cut rates now.
UnitedStates
Macroeconomics
Fed
CentralBanks
Spotware Concludes iFX EXPO International with Best Trading Platform Global 2025 Award
Spotware Concludes iFX EXPO International with Best Trading Platform Global 2025 Award
News Discussion Forum
By Finance Magnates
Spotware Concludes iFX EXPO International with Best Trading Platform Global 2025 Award
Spotware showcases WebView plugins, cTrader Invite and cTrader Store, and scoops Best Trading Platform Global award at iFX Expo International 2025.
Spotware
Indian Rupee weakens amid US–Iran conflict, but strong PMI and moderating Oil price offer support
Indian Rupee weakens amid US–Iran conflict, but strong PMI and moderating Oil price offer support
The Indian Rupee (INR) kicked off the week on a softer note, weakening against the US Dollar (USD) on Monday as investors flocked to the Greenback after the United States (US) launched airstrikes targeting Iranian nuclear facilities over the weekend.
USDINR
India
PMI
Oil
Equities
USD: Safe-haven sentiment is pulling the strings – Rabobank
USD: Safe-haven sentiment is pulling the strings – Rabobank
The direction of oil prices this morning reflects the market’s cumulative view on what it deems to be the current level of risk regarding the Middle East crisis.  Brent oil spiked higher at the open only to fall back to below levels traded towards the end of last week.
Banks
DollarIndex
Technical Analysis
Gold pulls back as market digests US strikes on Iran, Strait of Hormuz risks linger
Gold pulls back as market digests US strikes on Iran, Strait of Hormuz risks linger
Gold (XAU/USD) is trading in a tight range on Monday after the United States (US) carried out coordinated strikes on Iran’s nuclear infrastructure over the weekend.
XAUUSD
Gold
Technical Analysis
Fundamental Analysis
JPY is unexpectedly underperforming on the day – Scotiabank
JPY is unexpectedly underperforming on the day – Scotiabank
The Japanese Yen (JPY) is weak, down a sizeable 1.2% vs. the US Dollar (USD) and hitting fresh local lows while threatening a push to levels last seen in early April, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDJPY
Banks
BOJ
Crude oil remains rangebound despite hightened tensions following US strikes
Crude oil remains rangebound despite hightened tensions following US strikes
The market is still betting on de-escalation and assigns low probability of a closure of the Strait of Hormuz
GBP a mid-performer vs. G10 – Scotiabank
GBP a mid-performer vs. G10 – Scotiabank
Pound Sterling (GBP) is weak and down 0.5% against the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBPUSD
Banks
Technical Analysis
EUR soft, a mid-performer – Scotiabank
EUR soft, a mid-performer – Scotiabank
The Euro (EUR) is weak, down 0.5% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EURUSD
Banks
Technical Analysis
ECB
ForexLive European FX news wrap: Dollar up, markets weigh Iran-Israel developments
ForexLive European FX news wrap: Dollar up, markets weigh Iran-Israel developments
Forex news from the European morning session on Jun 23, 2025
Session wrap
Wrap Europe
CAD strays further from fair value – Scotiabank
CAD strays further from fair value – Scotiabank
The Canadian Dollar (CAD) ended last week on a soft note amid rising geo-political tensions and has eased a little further over the weekend to trade back to near 1.38, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDCAD
Banks
Canada
EUR/GBP Price Forecast: Refreshes two-month high near 0.8575
EUR/GBP Price Forecast: Refreshes two-month high near 0.8575
The EUR/GBP pair posts a fresh two-month high near 0.8575 during European trading hours on Monday. The cross trades broadly stable after the release of the preliminary United Kingdom (UK)/Eurozone Purchasing Managers’ Index (PMI data for June.
EURGBP
ECB
PMI
Fibonacci
UnitedKingdom
USD firmer following US attack on Iran – Scotiabank
USD firmer following US attack on Iran – Scotiabank
US Dollar (USD) bearishness subsided a little last week, helped by the mildly hawkish outcome of the FOMC, and has receded further this morning as markets react to the US attack on Iran’s nuclear facilities and concerns over potential Iranian responses, Scotiabank's Chief FX Strategists Shaun Osborn
DollarIndex
Banks
Fed
WTI Oil returns to levels above $74.50 as Middle East tensions remain high
WTI Oil returns to levels above $74.50 as Middle East tensions remain high
Crude Oil retreated from five-month highs at the $7750 area in the early Asian session, but downside attempts have been capped right above $73.00.
Oil
WTI
Commodities
Macroeconomics
Levels
USD/CHF is struggling to return above 0.8200 despite the overall Dollar strength
USD/CHF is struggling to return above 0.8200 despite the overall Dollar strength
The US Dollar is trading with moderate gains against the Swiss Franc on Monday, but remains trapped within the last few days' trading range, as the 0.8200 level keeps holding bulls for now.The Greenback is appreciating against most of its main peers, but is failing to perform any significant advance
USDCHF
Currencies
PMI
Japanese Yen weakens to five-week low as US strikes on Iran lift US Dollar safe-haven appeal
Japanese Yen weakens to five-week low as US strikes on Iran lift US Dollar safe-haven appeal
The Japanese Yen (JPY) kicks off the week under pressure, stretching its losing streak to a third consecutive day against the US Dollar (USD) on Monday.
USDJPY
Japan
PMI
AUD/USD drops toward range support – Société Générale
AUD/USD drops toward range support – Société Générale
AUD/USD is under pressure after failing to break resistance at 0.6545, with the pair now testing key support levels that could determine the next leg of its trend, Société Générale's FX analysts note.
AUDUSD
Banks
Technical Analysis
Brent tests channel top after strong rally – Société Générale
Brent tests channel top after strong rally – Société Générale
Brent crude’s steep rally faces a key technical test as prices approach major resistance levels, with stretched momentum suggesting a possible near-term pullback, Société Générale's FX analysts note.
Banks
Brent
Oil
Technical Analysis
US dollar strength not driven by repricing in interest rates expectations
US dollar strength not driven by repricing in interest rates expectations
Positioning is what is probably behind the price action
market overview
Tariffs and Iran Oil Crisis Complicate FX Hedging: Overlays Cut Risk, Raise Costs
Tariffs and Iran Oil Crisis Complicate FX Hedging: Overlays Cut Risk, Raise Costs
News Discussion Forum
By Finance Magnates
Tariffs and Iran Oil Crisis Complicate FX Hedging: Overlays Cut Risk, Raise Costs
FX risk may not be the number one priority for asset managers, but this year’s currency volatility has increased the potential of overlay programmes to help investors take advantage of favourable m...
hedging
forex
Gold Price Forecast: XAU/USD holds key 20-day EMA above $3,350, US-Iran tensions escalate
Gold Price Forecast: XAU/USD holds key 20-day EMA above $3,350, US-Iran tensions escalate
Gold price (XAU/USD) exhibits a sluggish performance above $3,350 during European trading hours on Monday.
Gold
XAUUSD
Resources
MiddleEast
DollarIndex
Trump threatens Powell with dismissal again – Commerzbank
Trump threatens Powell with dismissal again – Commerzbank
It came as no surprise that Fed Chair Jay Powell would draw the wrath of the US president with the FOMC's decision to leave interest rates unchanged once again – nor did the increasing rudeness displayed by the US president come as a surprise.
Banks
Fed
DollarIndex
US Elections
UnitedStates
USD/CNH: Expected to trade in a 7.1750/7.1950 range – UOB Group
USD/CNH: Expected to trade in a 7.1750/7.1950 range – UOB Group
US Dollar (USD) is expected to trade in a 7.1750/7.1950 range. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
US Dollar Index (DXY) hits three-week highs at 99.40 buoyed by risk aversion
US Dollar Index (DXY) hits three-week highs at 99.40 buoyed by risk aversion
The Dollar has reclaimn¡med its traditional safe-haven status, with investors rushing away from risk on concerns about the possibility of a wider conflict in the Middle East after this weekend’s attack on Iran’s nuclear sites. The US Dollar is the strongest of the G8 currencies on Monday.
DollarIndex
Macroeconomics
UnitedStates
Oil price shock and the US Dollar – Commerzbank
Oil price shock and the US Dollar – Commerzbank
US President Trump had signalled it, and now it has happened. The US government has joined in on Israel's attacks on Iran and, according to reports, destroyed important nuclear facilities.
Banks
DollarIndex
Oil
UnitedStates
Forex Brokers May Cut Costs as ESMA Seeks Input on Overlapping EU Financial Reporting
Forex Brokers May Cut Costs as ESMA Seeks Input on Overlapping EU Financial Reporting
News Discussion Forum
By Finance Magnates
Forex Brokers May Cut Costs as ESMA Seeks Input on Overlapping EU Financial Reporting
The ESMA has issued a call for evidence to simplify financial transaction reporting, which is part of an EU effort to reduce regulatory burdens.
esma
retail FX
retail forex
retail
retail brokers
5 Signs of a Legitimate Prop Firm — And How FinxProp Measures Up
5 Signs of a Legitimate Prop Firm — And How FinxProp Measures Up
News Discussion Forum
By Finance Magnates
5 Signs of a Legitimate Prop Firm — And How FinxProp Measures Up
FinxProp is more than a firm — it’s a forward-thinking platform redefining what it means to be a prop trading leader.
prop firms
Deriv wins ‘Best Trading Experience’ at UF Awards at iFX EXPO International 2025
Deriv wins ‘Best Trading Experience’ at UF Awards at iFX EXPO International 2025
News Discussion Forum
By Finance Magnates
Deriv wins ‘Best Trading Experience’ at UF Awards at iFX EXPO International 2025
Deriv is dedicated to making trading accessible and rewarding.
AUD/USD: A move 0.6355 is very much possible – UOB Group
AUD/USD: A move 0.6355 is very much possible – UOB Group
A move to 0.6355 in the AUD/USD pair can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD bounce looks small so far – ING
USD bounce looks small so far – ING
Here are a few initial considerations on the FX reaction to this weekend’s US strikes in Iran, with the caveat that this is a fast-developing situation. First, the dollar bounce looks small so far, especially considering its oversold and undervalued position.
Banks
DollarIndex
Technical Analysis
Dollar extends gains in European morning trade
Dollar extends gains in European morning trade
Is this all going to be short-lived though?
USD/JPY: Eyes on 148.50 – OCBC
USD/JPY: Eyes on 148.50 – OCBC
USD/JPY jumped in response to geopolitical escalation in the Middle East. USD/JPY was last at 147.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
Gold Technical Analysis – The market remains rangebound
Gold Technical Analysis – The market remains rangebound
Gold can’t catch a sustained bid despite heightened tensions in the Middle East
GBP/USD: Downward momentum is beginning to build – UOB Group
GBP/USD: Downward momentum is beginning to build – UOB Group
Pound Sterling (GBP) may retest the 1.3385 level; a sustained break below this level seems unlikely for now. In the longer run, downward momentum is beginning to build; it may take a while before 1.3335 comes into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
GBPUSD
Banks