News

European Central Bank: Focus shifts to forward guidance – Commerzbank

Commerzbank’s Erik Liem expects the European Central Bank (ECB) to deliver a fully priced 25bp hike, leaving markets focused on guidance for the path of rates beyond summer.

Source  Fxstreet1781169727
Canadian Dollar: BoC keeps options open on energy and trade – Deutsche Bank

Deutsche Bank highlights that the Bank of Canada left its policy rate unchanged at 2.25% but stressed flexibility. Governor Macklem indicated that sustained higher energy prices could require consecutive rate hikes, while potential US trade restrictions might instead justify rate cuts.

Source  Fxstreet1781167218
Iran condemns overnight strikes on Tehran, calling them “practically meaningless”

Iranian Foreign Ministry has condemned overnight US strikes on Tehran, saying the attacks have rendered the ceasefire as “practically meaningless”, The Guardian reported.

Source  Fxstreet1781166732
European Central Bank: War risks tilt policy hawkish – Rabobank

Rabobank’s Global Strategist Michael Every argues that with war risks in the Middle East, the European Central Bank (ECB) faces greater dangers from inaction than from tightening too far.

Source  Fxstreet1781165459
US-Iran talks still on track despite exchange of attacks – CNN

According to a report from CNN, a diplomatic source has confirmed that talks between the United States (US) and Iran towards a permanent peace deal are still on track.

Source  Fxstreet1781165366
Iran says US projectile hits cargo boat in the Gulf of Oman

The Governor of Iran's Sirik county, an administrative division in Iran's Hormozgan province, announces during the European trading session on Thursday that the United States (US) projectile hit a cargo boat in the Gulf of Oman, Mehr News reported.

Source  Fxstreet1781164770
Euro holds gains as traders expect ECB rate hike in June

EUR/CAD recovers its recent losses registered in the previous day, trading around 1.6110 during the early European hours on Thursday. The currency cross appreciates as the Euro (EUR) receives support ahead of the European Central Bank’s (ECB) policy decision due later in the day.

Source  Fxstreet1781162233
European Central Bank: June hike seen with focus on signals – Danske Bank

Danske Research Team expects the European Central Bank (ECB) to raise the deposit rate by 25bp to 2.25%, in line with consensus. With the June move fully priced, they see market attention shifting to communication on future policy.

Source  Fxstreet1781162065
European Central Bank set to hike interest rates for first time in nearly three years

The European Central Bank (ECB) is set to announce its monetary policy decision at 12:15 GMT following its June meeting. The Frankfurt-based institution is widely expected to raise its key interest rates by 25 basis points, taking the deposit facility rate to 2.25% from 2%.

Source  Fxstreet1781161200
Equities: Risk-off rotation after weak global sentiment – Danske Bank

Danske Research Team highlights another weak session for global equities, with major indices down and a defensive rotation within sectors. Materials, industrials and technology underperformed, led by semiconductors.

Source  Fxstreet1781159376
Indonesian Rupiah declines as Retail Sales face downturn in April

USD/IDR extends gains for the second consecutive day, trading around 17,970 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) struggles following the domestic Retail Sales data release.

Source  Fxstreet1781153356
Home Front Command issues warning after attacks from Lebanon

Israeli military says home front command issued early warning after launches from Lebanon toward northern Israel.

Source  Fxstreet1781146119

Australia Consumer Inflation Expectations declined to 5.5% in June from previous 5.6%

Source  Fxstreet1781139718
WTI rises to near $91.00 as US strikes continue against Iran

West Texas Intermediate (WTI) oil price extends gains for the second successive day, trading around $90.70 per barrel during the Asian hours on Thursday.

Source  Fxstreet1781138558
US launches fresh strikes on Iran, IRGC closes Hormuz to all vessels

"Ending soon" did not survive the day.

Source  Fxstreet1781135618

Japan BSI Large Manufacturing Conditions Index (QoQ) below forecasts (4.2) in 2Q: Actual (-1.8)

Source  Fxstreet1781135450

Japan Foreign Investment in Japan Stocks: ¥-701B (June 5) vs previous ¥-491.2B

Source  Fxstreet1781135402

United Kingdom RICS Housing Price Balance registered at -34%, below expectations (-31%) in May

Source  Fxstreet1781132502
“More than 100 million barrels of Oil moved through Strait of Hormuz”: US President Trump briefs on Hormuz

United States (US) President Donald Trump said on Tuesday that a secret US military operation helped secure commercial shipping through the Strait of Hormuz, allowing more than 100 million barrels of Oil to reach global markets amid ongoing tensions involving Iran.

Source  Fxstreet1781115046

United States Monthly Budget Statement came in at $-293B, below expectations ($-275B) in May

Source  Fxstreet1781114401
Trump threatens heavy Iran strikes as Tehran defies pressure

US President Donald Trump said that the US “will be attacking Iran very hard,” as he pressures Tehran to sign the deal, adding that “they’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price.”

Source  Fxstreet1781112266

United States 10-Year Note Auction up to 4.538% from previous 4.468%

Source  Fxstreet1781111117
BoC recap: Rates unchanged; Macklem signals policy patience

The Bank of Canada left its policy rate unchanged at 2.25% on Wednesday, as widely expected, delivering a neutral-to-mildly dovish hold.

Source  Fxstreet1781110385
Denmark: Core inflation rise as headline stays below Euro area – Nordea

Nordea’s Jan Størup Nielsen notes that Danish consumer prices rose 1.9% year-over-year in May, with core inflation at 2.1%, its highest level since the start of 2024. Monthly inflation was driven by higher hotel and travel prices, while food and non-alcoholic beverages fell.

Source  Fxstreet1781104405
Czech Koruna: Early CNB hikes support CZK outlook – ING

ING’s Frantisek Taborsky notes Czech inflation has surprised on the downside, but strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting.

Source  Fxstreet1781099951

Canada BoC Interest Rate Decision meets expectations (2.25%)

Source  Fxstreet1781099101
British Pound: Holds gains against US Dollar with limited data risk – Scotiabank

Scotiabank’s Shaun Osborne and Eric Theoret note GBP/USD is slightly higher, British Pound (GBP) outperforming most G10 peers except the Canadian Dollar (CAD) and Norwegian Krone (NOK), as traders await UK trade and industrial production data before the June 18 BoE meeting.

Source  Fxstreet1781098619
Norwegian Krone: Hawkish Norges Bank underpins strength – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September.

Source  Fxstreet1781097019
U.S. May CPI Rises to 4.2%, Core Inflation Below Forecast Eases Fed Rate Hike Concerns

TradingKey - Data released by the U.S. Bureau of Labor Statistics on Wednesday showed that the U.S. CPI rose 0.5% month-on-month in May, compared to the previous value of 0.6%; it rose 4.2% year-over-

Source  Tradingkey1781096315

United States Consumer Price Index Core s.a rose from previous 335.423 to 336.1213 in May

Source  Fxstreet1781094671
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