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EUR/USD surges above 1.16 on ceasefire hopes – Commerzbank
EUR/USD surges above 1.16 on ceasefire hopes – Commerzbank
According to US President Trump, there is allegedly a ceasefire between Israel and Iran. First, Iran is to lay down its weapons for 12 hours, followed by Israel for 12 hours, so that the war will be over within 24 hours.
Banks
EURUSD
Technical Analysis
DollarIndex
Fed's Bostic: No need to cut rates now
Fed's Bostic: No need to cut rates now
Atlanta Federal Reserve (Fed) President Raphael Bostic told Reuters on Tuesday that the Fed does not need to cut the policy rate now, noting that inflation risks remain as businesses run out of ways to postpone tariff driven price hikes.
CentralBanks
Fed
USD/CNH: Likely moves into a 7.1620/7.2200 – UOB Group
USD/CNH: Likely moves into a 7.1620/7.2200 – UOB Group
US Dollar (USD) could edge lower against Chinese Yuan (CNH), but any decline is unlikely to break below the major support at 7.1620. 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
Fed's Bostic: No need to cut rates now
Fed's Bostic: No need to cut rates now
Comments from the FOMC policymaker
NBH to hold steady at 6.50% as inflation risks linger – BBH
NBH to hold steady at 6.50% as inflation risks linger – BBH
National Bank of Hungary is widely expected to keep rates steady at 6.50%, BBH FX analysts report.
Banks
Hungary
EURHUF
CentralBanks
CzechRepublic
AUD/USD climbs to fresh weekly highs above 0.6500 amid a risk-on mood
AUD/USD climbs to fresh weekly highs above 0.6500 amid a risk-on mood
The Australian Dollar is one of the strongest performers among major currencies on Tuesday.
AUDUSD
Currencies
Fed
UK June CBI trends total orders -33 vs -27 expected
UK June CBI trends total orders -33 vs -27 expected
Latest data released by CBI - 24 June 2025
USDJPY Technical Analysis – Fed’s Bowman and de-escalation weighed on the US dollar
USDJPY Technical Analysis – Fed’s Bowman and de-escalation weighed on the US dollar
The USDJPY pair remains stuck in a range although some recent developments provided decent volatility
JPY
USD
NZD/USD: Likely to trade in a range of 0.5900/0.6090  – UOB Group
NZD/USD: Likely to trade in a range of 0.5900/0.6090 – UOB Group
There is scope for New Zealand Dollar (NZD) to rebound further; overbought conditions suggest 0.6040 is likely out of reach.
NZDUSD
Banks
Technical Analysis
USD/CAD soft ahead of key Canada CPI data – BBH
USD/CAD soft ahead of key Canada CPI data – BBH
USD/CAD is trading heavy near 1.3700 after peaking at 1.3800 yesterday, BBH FX analysts report.
Banks
USDCAD
BOC
Canada
PBOC: Will increase support for the real economy
PBOC: Will increase support for the real economy
The People’s Bank of China (PBOC) said in a statement on Tuesday that it will increase support for the real economy.
PBOC
CentralBanks
Macroeconomics
China
InterestRate
BoE’s Greene: A careful, gradual approach to policy easing continues to be warranted
BoE’s Greene: A careful, gradual approach to policy easing continues to be warranted
Bank of England (BoE) policymaker Megan Greene said on Tuesday that “a careful and gradual approach to removing monetary policy restrictiveness continues to be warranted.”
BOE
CentralBanks
InterestRate
GBPUSD
USD/JPY plunges to near 145.00 as US Dollar underperforms on Israel-Iran truce
USD/JPY plunges to near 145.00 as US Dollar underperforms on Israel-Iran truce
The USD/JPY pair faces a sharp sell-off and slides to near 145.00 on Tuesday. The pair dives significantly as the US Dollar (USD) underperforms its peers after a ceasefire between Israel and Iran.
USDJPY
Fed
RiskAppetite
Oil
DollarIndex
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
Israel-Iran Ceasefire: Gold and Oil Fall as Middle East Tensions Ease
Israel-Iran Ceasefire: Gold and Oil Fall as Middle East Tensions Ease
Hírkibeszélő fórum
By Finance Magnates
Israel-Iran Ceasefire: Gold and Oil Fall as Middle East Tensions Ease
The Donald Trump Administration-brokered ceasefire deal between Israel and Iran has pushed down oil and gold prices in early Asian trading hours.
israel
iran
Crude Oil
gold
FXS Fed Sentiment Index drops to lowest level since March ahead of Powell testimony
FXS Fed Sentiment Index drops to lowest level since March ahead of Powell testimony
Federal Reserve (Fed) Chairman Jerome Powell will testify before the US House Financial Services Committee on Tuesday. Investors will look for fresh hints on the timing of the next policy action after recent comments from Fed policymakers showed a difference of opinion.
Fed
CentralBanks
HUF: Steady rate does not equal steady the forint – Commerzbank
HUF: Steady rate does not equal steady the forint – Commerzbank
The Hungarian central bank (MNB) is set to leave its base rate unchanged at 6.50%, for the ninth consecutive month, today. That much has been clear from the MPC’s persistent rhetoric, and now confirmed by unanimous expectations among analysts.
Banks
Hungary
EURHUF
InterestRate
Poland
EUR/JPY falls to near 168.00 due to growing odds of BoJ’s rate hikes
EUR/JPY falls to near 168.00 due to growing odds of BoJ’s rate hikes
EUR/JPY halts its three-day winning streak, trading around 168.10 during the European hours on Tuesday. The currency cross extends its losses after pulling back from an 11-month high of 169.72, reached on Monday.
Crosses
EURJPY
Macroeconomics
Japan
Eurozone
AUD/USD: Likely to trade between 0.6385 and 0.6555 – UOB Group
AUD/USD: Likely to trade between 0.6385 and 0.6555 – UOB Group
Overbought advance in Australian Dollar (AUD) could test 0.6505 before leveling off against US Dollar (USD); 0.6555 is not expected to come into view.
AUDUSD
Technical Analysis
Banks
HUF: NBH must increase hawkishness to protect FX – ING
HUF: NBH must increase hawkishness to protect FX – ING
The National Bank of Hungary is likely to leave rates unchanged today at 6.50% in line with market expectations, ING's FX analyst Frantisek Taborsky notes.
Banks
Hungary
EURHUF
CzechRepublic
Poland
ECB's Villeroy: ECB could still cut rates despite oil market volatility
ECB's Villeroy: ECB could still cut rates despite oil market volatility
European Central Bank (ECB) policymaker Francois Villeroy de Galhau told the Financial Times on Tuesday that the ECB could still cut rates despite the volatility seen in the oil market, per Reuters.
ECB
CentralBanks
EUR/HUF tests 405 hurdle after trendline rebound – Société Générale
EUR/HUF tests 405 hurdle after trendline rebound – Société Générale
EUR/HUF is staging a tentative rebound after defending key trendline support near 398. However, the 200-DMA and upper band of its recent range at 405 remain a critical test.
Banks
Hungary
EURHUF
Technical Analysis
Jerome Powell Live: Fed Chair testifies about monetary policy before House Financial Services Committee
Jerome Powell Live: Fed Chair testifies about monetary policy before House Financial Services Committee
Federal Reserve (Fed) Chairman Jerome Powell testifies about the Semi-Annual Monetary Policy Report before the House Financial Services Committee.
Fed
DollarIndex
CentralBanks
SEO
GBP/USD: Likely to trade in a range of 1.3420/1.3655 – UOB Group
GBP/USD: Likely to trade in a range of 1.3420/1.3655 – UOB Group
There is a chance for Pound Sterling (GBP) to test 1.3580 before the risk of a pullback increases. In the longer run, outlook appears mixed; GBP could trade in a range of 1.3420/1.3655 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
USD/CAD remains supported above 1.3700 ahead of Canada’s CPI release
USD/CAD remains supported above 1.3700 ahead of Canada’s CPI release
The US Dollar retreated against its Canadian Counterpart on Monday as Trump’s announcement of a ceasefire in the Middle East boosted risk appetite.
USDCAD
Oil
Currencies
Finance Magnates Awards 2025: Meet the First Official Nominees
Finance Magnates Awards 2025: Meet the First Official Nominees
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By Finance Magnates
Finance Magnates Awards 2025: Meet the First Official Nominees
The Finance Magnates Awards 2025 are underway, and here's the first group of nominated brands. These brands have already secured their place.
Finance magnates awards
USD: Fed independence risks can take over now – ING
USD: Fed independence risks can take over now – ING
Markets are materially scaling back geopolitical risk as President Trump declared that a ceasefire between Iran and Israel is in place following measured retaliatory strikes on US positions in Qatar yesterday.
DollarIndex
Banks
Technical Analysis
Fed
ECB's Villeroy: The ECB could still cut rates despite oil market volatility
ECB's Villeroy: The ECB could still cut rates despite oil market volatility
Comments from the ECB policymaker Francois Villeroy to the Financial Times
EUR/USD: Likely to trade between 1.1480 and 1.1660 – UOB Group
EUR/USD: Likely to trade between 1.1480 and 1.1660 – UOB Group
Sharp rally may extend further; overbought conditions suggest Euro (EUR) is unlikely to break clearly above 1.1620.
Technical Analysis
EURUSD
Banks
WTI trades lower around $66.00, downside appears further due to easing supply concerns
WTI trades lower around $66.00, downside appears further due to easing supply concerns
West Texas Intermediate (WTI) Oil price extends its losses for the second successive day, trading around $66.30 during the European hours on Tuesday. Crude Oil prices lose ground due to easing concerns over supply disruptions, driven by the ceasefire agreement between Israel and Iran.
WTI
Oil
Macroeconomics
Commodities
EUR: Breaking the range? – ING
EUR: Breaking the range? – ING
Eurozone PMIs came in largely in line with expectations yesterday, signalling that business sentiment has stabilised after the tariff scare but still points to stagnation, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
Iran denies firing missiles at Israel after ceasefire - IRIB
Iran denies firing missiles at Israel after ceasefire - IRIB
The Islamic Republic of Iran Broadcasting (IRIB) is denying the breach of ceasefire as Israel threats a retaliation
Politics
USD/CHF consolidates losses below 0.8130 in risk-on markets with Fed's Powell in the spotlight
USD/CHF consolidates losses below 0.8130 in risk-on markets with Fed's Powell in the spotlight
The Swiss Franc has retraced most of the last two weeks’ losses, and the USD/CHF has returned to levels right above 0.8100, with the Dollar weighed by the risk-on mood after the announcement of a truce in the Middle East, and dovish rhetoric by Fed officials.Trump boosted investors’ sentiment late o
USDCHF
Currencies
Fed
eToro’s Aggressive Debit Card Deal: UK Customers Can Get 4% Back in Stocks
eToro’s Aggressive Debit Card Deal: UK Customers Can Get 4% Back in Stocks
Hírkibeszélő fórum
By Finance Magnates
eToro’s Aggressive Debit Card Deal: UK Customers Can Get 4% Back in Stocks
eToro (Nasdaq: ETOR), which began offering debit cards in the United Kingdom in 2021, is now enhancing its proposition by allowing customers to receive 4 per cent of their everyday spending back in...
etoro
debit card
German IFO Business Climate Index rises further to 88.4 in June vs. 88.3 expected
German IFO Business Climate Index rises further to 88.4 in June vs. 88.3 expected
The headline German IFO Business Climate Index advanced to 88.4 in June from 87.5 in May. The data came in a tad higher than the market forecast of 88.3.
Sentiment
Germany
EconomicIndicator
EURUSD
EUR/USD consolidates near high in risk on markets with Fed Powell on focus
EUR/USD consolidates near high in risk on markets with Fed Powell on focus
The EUR/USD has been moving in a tight range around 1.1600 on Tuesday's European session, buoyed by a risk appetite, despite accusations of ceasefire violations in the Middle East.
EURUSD
Oil
WTI
Fed
SEO
Breaking: Canada CPI inflation holds steady at 1.7% in May as expected
Breaking: Canada CPI inflation holds steady at 1.7% in May as expected
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 1.7% on a yearly basis in May, Statistics Canada reported on Tuesday. This reading aligned with market expectations.
Breaking
CPI
Canada
USDCAD
SEO
Israeli Defence Minister: I instructed the military to respond forcefully to violation
Israeli Defence Minister: I instructed the military to respond forcefully to violation
Earlier the Israeli military identified two missiles launched from Iran towards Israel
Politics
Israeli military identifies missiles launched from Iran towards Israel
Israeli military identifies missiles launched from Iran towards Israel
The Israeli military said on Tuesday that it identified missiles launched from Iran toward Israel after the ceasefire took effect.
Israel
Politics
Iran
MiddleEast
DollarIndex
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