News

India Bank Loan Growth climbed from previous 16.2% to 17.7% in May 18

Source  Fxstreet1781263857
IRNA releases key terms under US-Iran MoU

Iran’s IRNA news agency releases the major terms of the Memorandum of Understanding (MoU) discussed with the United States (US). Earlier a report from Bloomberg showed that the MoU will be signed in Geneva on Sunday.

Source  Fxstreet1781262658
Fed: Warsh debut expected to stay cautious – Nordea

Nordea’s Jan von Gerich expects Kevin Warsh’s first FOMC meeting on 17 June to deliver a more neutral policy stance, with earlier projected rate cuts likely removed from the dot plot and some hike calls appearing.

Source  Fxstreet1781262460
UoM Consumer Sentiment Index expected to remain depressed near historical lows in June

The University of Michigan (UoM) will release the preliminary estimate of June’s Consumer Sentiment Index on Friday.

Source  Fxstreet1781262000
European Central Bank: Hikes rates with hawkish tone – Deutsche Bank

Deutsche Bank’s European economists highlight that the ECB delivered its first rate hike since 2023, lifting the deposit rate to 2.25% and pairing it with hawkish messaging from President Lagarde.

Source  Fxstreet1781261842
India’s Consumer Price Index rises by 3.93% YoY in May, misses 4% estimates

India’s Consumer Price Index data for May has come in at an annualized pace of 3.93% in May, slower than 4% estimates, but higher than the previous reading of 3.48%.

Source  Fxstreet1781260528
Polish Zloty: Political veto risk weighs on PLN – Commerzbank

Commerzbank’s Tatha Ghose highlights that President Karol Nawrocki has rapidly accumulated a record number of vetoes, blocking key legislation on crypto assets, taxation and healthcare. Ghose expects Nawrocki to continue obstructing reforms until the 2027 elections.

Source  Fxstreet1781258511

China M2 Money Supply (YoY) came in at 8.6%, above forecasts (8.5%) in May

Source  Fxstreet1781258391
US-Iran deal will likely be signed by the weekend in Geneva – Bloomberg

According to a Bloomberg report, senior officials have said that the United States (US) and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven (G7) world leaders are set to meet next week.

Source  Fxstreet1781257897
Equities: Cash, valuations and IPO supply – BNY

BNY’s Bob Savage analyzes U.S. equities using iFlow data, highlighting declining institutional cash balances, elevated valuations and record IPO issuance such as SpaceX.

Source  Fxstreet1781257723
British Pound: BoE holds but hawkish risks rise – Deutsche Bank

Deutsche Bank’s Sanjay Raja expects the Bank of England (BoE) to leave Bank Rate at 3.75% at the June meeting, with a likely 7–2 vote and Huw Pill and Megan Greene backing a hike.

Source  Fxstreet1781255813
Indian Rupee: Flows-focused support and wider fiscal stance – Societe Generale

Societe Generale notes that the Government of India and Reserve Bank of India (RBI) are prioritising capital inflows to support the Indian Rupee (INR) rather than tightening policy.

Source  Fxstreet1781254329
Forex Today: Renewed hopes of US-Iran peace deal help market mood improve

Here is what you need to know on Friday, June 12:

Source  Fxstreet1781253515

United Kingdom Consumer Inflation Expectations increased to 4% from previous 3.2%

Source  Fxstreet1781253146

United Kingdom Consumer Inflation Expectations: 3.5% vs 3.2%

Source  Fxstreet1781253128
Iran says MoU with US requires finalization by relevant authorities

Iran’s Mehr news agency has reported in the European trade on Friday that the draft with the United States (US) regarding the permanent peace deal needs finalization by relevant authorities.

Source  Fxstreet1781252157
ECB’s Kocher: Too early to predict July’s interest rate decision

European Central Bank (ECB) Governing Council member Martin Kocher stated in the European trade on Friday that it is too early to discuss what the central bank will do in the July meeting.

Source  Fxstreet1781250874
Brent: Gradual decline extends with lower targets – Societe Generale

Societe Generale’s Kenneth Broux and colleagues note Brent has fallen below $90 per barrel after US-Iran deal hopes and President Trump’s cancelled strikes. Their technical view highlights a sustained downtrend after losing the 50-DMA and breaking an ascending trend line.

Source  Fxstreet1781250517
ECB's Makhlouf: The central bank needs to get ahead of inflation

European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said during the European trade on Friday that the central bank needs to act quickly before inflation starts accelerating further.

Source  Fxstreet1781250454

Turkey Current Account Balance: $-5.695B (April) vs $-9.672B

Source  Fxstreet1781247716

Spain Consumer Price Index (MoM) meets forecasts (0.1%) in May

Source  Fxstreet1781247601

Spain Harmonized Index of Consumer Prices (MoM) meets expectations (0.1%) in May

Source  Fxstreet1781247601

Spain Harmonized Index of Consumer Prices (YoY) meets forecasts (3.6%) in May

Source  Fxstreet1781247600

Spain Consumer Price Index (YoY) meets forecasts (3.2%) in May

Source  Fxstreet1781247600
Brent: Ceasefire risks keep upside in focus – ING

ING analysts Warren Patterson and Ewa Manthey say Brent has fallen below $90/bbl on renewed hopes for a ceasefire and resumption of energy flows through the Strait of Hormuz.

Source  Fxstreet1781246932

France Inflation ex-tobacco (MoM) fell from previous 1% to 0.1% in May

Source  Fxstreet1781246701
Equities: Risk rally on Iran de‑escalation hopes – Danske Bank

According to Danske Research Team, global equities rallied strongly as investors reacted to signs of a potential US‑Iran peace agreement that could reopen the Strait of Hormuz and curb nuclear ambitions.

Source  Fxstreet1781246158
Euro steadies against British Pound following UK GDP, German HICP inflation data

EUR/GBP inches lower after two days of gains, trading around 0.8630 during the Asian hours on Friday. The currency cross remains subdued following the release of economic data from the United Kingdom (UK) and Germany.

Source  Fxstreet1781245624
Germany’s final Harmonized Index of Consumer Prices for May arrives at 2.7%, as expected

German revised Harmonized Index of Consumer Prices (HICP) data for May has arrived at 2.7% Year-on-Year (YoY), as expected. On a monthly basis, the HICP growth declined by 0.1%.

Source  Fxstreet1781244311

United Kingdom Total Trade Balance rose from previous £-9.658B to £-8.435B in April

Source  Fxstreet1781244170
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