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Eurozone Industrial Production jumps 1.7% MoM in May vs. 0.9% expected
The Eurozone industrial sector activity outperformed in May, the latest data published by Eurostat showed on Tuesday.
German ZEW Economic Sentiment Index rises to 52.7 in July vs. 50 expected
The headline German ZEW Economic Sentiment Index jumped to 52.7 in July from 47.5 in June, beating the market expectations of 50.
USD/CAD remains below 1.3700 ahead of CPI data from US, Canada
USD/CAD edges lower after two days of gains, trading around 1.3690 during the European hours on Tuesday. The pair depreciates as the US Dollar (USD) remains subdued ahead of June's US Consumer Price Index (CPI) figures.
USD: June CPI to set the tone - ING
FX markets have had a quiet start to the week. The risks of new Russian sanctions highlighted here yesterday were actually less harsh than expected in that they gave Russia 50 days to reach a deal (ceasefire with Ukraine). Energy prices ended a little lower, ING's FX analyst Chris Turner notes.
EUR/JPY hits fresh yearly highs above 172.60 amid a brighter market mood
The Euro appreciated for the third consecutive day on Tuesday, to reach levels above 172.60 for the first time since July last year, with the safe-haven Yen weighed by a somewhat brighter market mood on Tuesday.
GBP/USD: Weakness is not ruled out - UOB Group
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); any declines are unlikely to reach the major support at 1.3375. In the longer run, the outlook for GBP remains negative; a move to 1.3375 is now expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Nearing overbought conditions - OCBC
USD/JPY rose amid rise in UST yields, tariff implications, sell-off in longer-dated JGBs and upper house election uncertainty. USD/JPY was last at 147.69 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Oil market doesn't buy the secondary tariff threat - ING
ICE Brent settled a little more than 1.6% lower yesterday, taking prices back below US$70/bbl, despite President Trump's "major statement" on Russia. Trump threatened to impose secondary tariffs of 100% on Russia if President Putin didn't make a deal within 50 days to end the war in Ukraine.
EUR/USD remains on the downside - UOB Group
Risk for Euro (EUR) remains on the downside against US Dollar (USD); lackluster momentum continues to suggest that 1.1625 is likely out of reach. In the longer run, the risk of EUR declining to 1.1625 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP: Macro, not fiscal, weighing now - ING
In quiet markets, the EUR/GBP run-up to 0.8700 has been notable, ING's FX analyst Chris Turner notes
LME Copper falls as cancelled warrants drop most since 2019 - ING
LME Copper prices fell below $9,600/t yesterday as requests to withdraw Copper from the LME warehouses dropped by 25,100 tonnes to 15,875 tonnes.
EUR/USD: Fate hinges on USD - OCBC
Euro (EUR) consolidated overnight in absence of fresh catalyst while markets wait and see US CPI data for any tariff-related implications. EUR was last at 1.1675, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: German ZEW should continue upbeat tone - ING
EUR/USD is consolidating as investors price up the next trade move, ING's FX analyst Chris Turner notes.
GBP/JPY Price Forecast: Looking for direction above 198.25 support
The Pound treads water as the Yen loses momentum, with market sentiment improving.The bearish correction from last week's highs near 200.00, remains contained above 198.25 for now.On the upside, the Pound would need to clear Monday's top, at 198.80, to ease bearish pressure.The Pound is picking up o
Silver Price Forecast: XAG/USD rebounds toward $38.50 ahead of US inflation data
Silver price (XAG/USD) recovers its recent losses from the previous session, rebounds toward a 14-year high of $39.13, which was reached on Monday, and is trading around $38.40 per troy ounce during the European hours on Tuesday.
Canada's CPI is set to remain below target in June despite inflation uncertainty from US tariffs
Statistics Canada will issue the Consumer Price Index (CPI) for June on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) fresh information on how inflation is changing, which they use to set interest rates.
US Dollar Index Price Forecast: Drops to near 98.00, next support appears at nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after registering gains in the previous four consecutive sessions and trading around 98.00 during the early European hours on Tuesday.
EUR/USD picks up from lows with tariffs, US CPI on focus
The EUR/USD pair is trading higher on Tuesday, snapping a four-day losing streak, as European Union (EU) and United States (US) representatives continue to look for a deal to avoid a 30% levy announced by US President Donald Trump, with one eye on the US Consumer Price Index (CPI) release due later
NZD/USD crawls above 0.5980 on upbeat Chinese data and a softer US Dollar
The New Zealand Dollar bounced up from multi-week lows at 0.5968 duru¡ing Tuesday's Asian session and trimmed some of the previous losses fuelled by upbeat China's GDP data returning above 0.5980 at the time of writing.
Pound Sterling trades with caution near three-week lows ahead of US inflation data
The Pound Sterling (GBP) trades cautiously near the three-week low around 1.3430 against the US Dollar during the European trading session on Tuesday.
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