DBS Group Research’s Philip Wee notes that the Euro (EUR) remains trapped in a range against the US Dollar (USD) as markets focus on the June FOMC and ECB meetings. The European Central Bank is expected to deliver a 25 bps ‘insurance’ hike and upgrade its inflation outlook.
OCBC's strategists Sim Moh Siong and Christopher Wong turn more cautious on Gold in the near term, cutting its price forecasts as elevated Oil prices, higher yields and a more hawkish Federal Reserve (Fed) have weakened Gold’s backdrop.
NEAR Protocol (NEAR) price is up 4% at press time on Tuesday, extending the roughly 80% gains from May. Retail interest in NEAR is building momentum, with futures Open Interest rising over 15% in 24 hours. while the broader market remains under pressure from Bitcoin’s (BTC) pullback to $70,000.