Market news

EUR/GBP retreats sharply from above 0.8700 toward 0.8600 after ECB meeting

S&P 500 pares its losses and eyes a re-test of 3800 post-US Retail sales ahead of FOMC’s decision

WTI falls to weekly lows in $116s, eyes 21DMA pre-Fed

United States EIA Crude Oil Stocks Change above expectations (-1.314M) in June 10: Actual (1.956M)

USD/JPY Price Analysis: Keeps the red below two-decade high, focus remains on FOMC

United States Business Inventories in line with forecasts (1.2%) in April

United States NAHB Housing Market Index below expectations (68) in June: Actual (67)

BoE Preview: Forecasts from nine major banks, hikes to continue until inflation improves

GBP/USD: Losses to extend a few cents below 1.20 in coming weeks – Scotiabank

Gold Price Forecast: XAUUSD could be set-up for a short-squeeze as Fed set to deliver two consecutive 75 bps hikes – TDS

EUR/USD hovers above 1.0400 pre-Fed despite weak US data, after ECB announcement fails to inspire bulls

EUR/USD surrenders intraday gains, bears flirt with 1.0400 mark ahead of FOMC

Gold Price gains traction as US yields retreat ahead of Fed rate decision

Silver Price Analysis: XAG/USD rallies to session highs in $21.60s post-weak US Retail Sales data

GBP/USD sticks to gains post-US Retail Sales, remains below 1.2100 as Fed rate hike looms

USD/CHF eyes further ranging below 1.0064/90 – Credit Suisse

NZD/USD: Clear break below 0.6231/6196 to open up 0.5919/5841 – Credit Suisse

United States Export Price Index (YoY) climbed from previous 18% to 18.9% in May

United States Import Price Index (YoY) below forecasts (12.7%) in May: Actual (11.7%)

Breaking: US Retail Sales fall by 0.3% MoM in May vs. 0.2% expected gain

United States Retail Sales ex Autos (MoM) below forecasts (0.8%) in May: Actual (0.5%)

United States Retail Sales (MoM) registered at -0.3%, below expectations (0.2%) in May

United States Export Price Index (MoM) registered at 2.8% above expectations (1.3%) in May

United States Import Price Index (MoM) below forecasts (1.1%) in May: Actual (0.6%)

United States NY Empire State Manufacturing Index came in at -1.2 below forecasts (3) in June

United States Retail Sales Control Group below expectations (0.5%) in May: Actual (0%)

USD/CAD: Further upside potential towards the top of trend channel at 1.31 – Credit Suisse

USD/CAD corrects from monthly top, downside remains cushioned ahead of FOMC

Canada Housing Starts s.a (YoY) came in at 287.3K, above expectations (252.6K) in May

Breaking: ECB Will apply flexibility in reinvesting PEPP redemptions, pandemic has left lasting impact

NZD/USD recovers from Tuesday’s two-year lows under 0.6200 pre-US Retail Sales/Fed announcement

India M3 Money Supply came in at 8.6%, below expectations (9%) in June 3

When are US monthly retail sales figures and how could they affect EUR/USD?

South Africa Retail Sales (YoY) came in at 3.4%, above forecasts (1.6%) in April

United States MBA Mortgage Applications climbed from previous -6.5% to 6.6% in June 10

Germany's Habeck: Restrictions on energy deliveries from Russia not over yet

Gold Price Forecast: XAUUSD steadily climbs to $1,825 area, fresh daily high ahead of FOMC

Japan’s PM Kishida expects BOJ to continue efforts to meet the price target

EUR/USD struggles to find acceptance above 1.0500, eyes ECB and Fed for fresh impetus

GBP/USD: Rebound remains capped below 1.2100 ahead of the Fed

US President Biden asks Energy Secretary to hold emergency meeting on oil refining capacity

Greece Unemployment Rate (MoM) rose from previous 12.2% to 12.5% in April

European Monetary Union Trade Balance s.a. came in at €-31.7B, below expectations (€-15.4B) in April

European Monetary Union Trade Balance n.s.a. came in at €-32.4B, below expectations (€-22.8B) in April

European Monetary Union Industrial Production w.d.a. (YoY) registered at -2%, below expectations (-1.1%) in April

European Monetary Union Industrial Production s.a. (MoM) came in at 0.4% below forecasts (0.5%) in April

ECB’s Wunsch speaks on fragmentation ahead of emergency meeting

WTI keeps losses around $115.50 on IEA’s bleak oil demand outlook

USD/JPY moves further away from 24-year high, slides to mid-134.00s amid weaker USD

EUR/USD to enjoy further gains on a break above 1.05

Gold Price Forecast: XAUUSD could gain on only 50 bps rate hike by the Fed – Commerzbank

Germany's IFO cuts 2022 economic growth forecast to 2.5% from 3.1%

AUD/USD sticks to recovery gains, just above 0.6900 as USD retreats from two-decade high

Turkey Budget Balance: 143.98B (May) vs -50.17B

ECB to discuss reinvestment of PEPP bonds at emergency meeting – Bloomberg

Outcome of Fed meeting to be overall positive for the dollar's short-term outlook – ING

EUR/USD might see a mini-rally to the 1.0520-1.0550 mark – ING

GBP/USD: At risk of extending its slumps to the 1.17-1.18 area – ING

AUDUSD to struggle to climb back above 0.70 before the end of the summer – ING

The risk of a recession picks up – Charles Schwab

EUR/GBP climbs further beyond 0.8700 mark, highest since February 2021

Rising US rates toy keep USD/HKD trading near the upper end of the 7.75-7.85 range – Credit Suisse

EUR/CZK to target 25.50 as Czech Republic faces policy challenges – Credit Suisse

EUR/CHF set to move downward to 0.99 – Credit Suisse

USD/CAD Price Analysis: Sellers attack weekly support around 1.2950

USD/JPY could climb as high as 142.00 this month – Credit Suisse

GBP/USD: Scope for a substantial drop to 1.15 – Credit Suisse

France Inflation ex-tobacco (MoM) climbed from previous 0.4% to 0.7% in May

France Consumer Price Index (EU norm) (YoY) meets forecasts (5.8%) in May

France Consumer Price Index (EU norm) (MoM) registered at 0.8% above expectations (0.7%) in May

AUDUSD: Recovery to 0.74 in Q3 remains likely – Westpac

EUR/SEK: Krona to struggle to regain ground while the market is dominated by risk aversion – Commerzbank

Forex Today: Euro jumps on ECB news, dollar awaits Fed rate decision

US dollar to dip temporarily if Powell fuel doubts on tight market expectations – Commerzbank

Switzerland Producer and Import Prices (YoY) meets expectations (6.9%) in May

Switzerland Producer and Import Prices (MoM) above expectations (0.6%) in May: Actual (0.9%)

S&P 500 Index to extend its fall to 3505/00 – Credit Suisse

FX option expiries for June 15 NY cut

NZ GDP Preview: Forecasts from three major banks, at risk of contraction

EUR/USD marches towards 1.0500 as ECB announces unscheduled meeting, Fed eyed

Gold Price Forecast: XAUUSD to extend its gains on a dovish 50 bps rate hike by the Fed

GBP/USD rebounds from 1.2000 as DXY plunges, Fed policy eyed

BOJ offers additional emergency bond buying operation

Norway Trade Balance fell from previous 92.6B to 86.6B in May

Gold Price recovery seeks validation from $1,820 ahead of ECB, Fed

ECB to hold ad hoc Governing Council meeting Wednesday, EUR/USD spikes towards 1.0500

Copper price oscillates below $4.20, upbeat Chinese data warrants upside

US Dollar Index pares the first daily loss in six around 105.50 as bulls await Fed

Japan Tertiary Industry Index (MoM) came in at 0.7%, above forecasts (0.3%) in April

AUD/USD Price Analysis: Fails to justify weekly bearish channel breakout around 0.6900

Indonesia Trade Balance registered at $2.9B, below expectations ($3.83B) in May

Indonesia Imports registered at 30.74%, below expectations (32.8%) in May

Asian Stock Market: Dip-buying supports Asia, China outperforms on firmer economic data

USD/IDR Price News: Rupiah retreats towards $14,750 on Indonesia trade numbers, politics

Indonesia Exports came in at 27% below forecasts (38.69%) in May

USD/JPY retreats from multi-year high to 135.00 as markets brace for Fed

EUR/USD Price Analysis: Greenback bulls strengthen on Inverted Flag formation, 1.0300 eyed

USD/INR Price News: Indian rupee bears defend 78.00 on covid woes, focus on FOMC

Gold Price Forecast: XAU/USD surges to near $1,820 on soaring market mood, Fed in focus

South Korea Money Supply Growth below forecasts (9.5%) in April: Actual (7.4%)

GBP/USD Price Analysis: Rebounds as bearish channel target achieved, Fed awaited

NZD/USD marches towards 0.6250 as risk appetite improves, Fed policy eyed

Commodities. Daily history for Tuesday, June 14, 2022

USD/CNH stays pressured around 6.7300 on firmer China data, PBOC MLF ahead of Fed

Japan’s Matsuno: Will take appropriate action on forex if required

China’s NBS: Economic recovery still faces many difficulties and challenges

AUD/USD grinds higher past 0.6900 on upbeat China data dump, Fed eyed

South Korea Trade Balance came in at $-1.71B below forecasts ($-1.705B) in May

China’s May Industrial Output unexpectedly rebounds 0.7%, Retail Sales beat estimates

China Fixed Asset Investment (YTD) (YoY) above expectations (6%) in May: Actual (6.2%)

China Industrial Production (YoY) above forecasts (-0.7%) in May: Actual (0.7%)

China Retail Sales (YoY) above forecasts (-7.1%) in May: Actual (-6.7%)

Silver Price Analysis: XAG/USD marches forward past $22.00 as bulls brace for bumpy road

USD/CHF snaps eight-day uptrend near 1.0000 with eyes on Fed

PBOC injects CNY200 billion via one-year MLF at 2.85%

PBOC sets USD/CNY reference rate at 6.7518

EUR/USD floats above 1.0400 as DXY tracks softer yields ahead of Fed, ECB’s Lagarde

AUD/JPY Price Analysis: Attempts to cross 38.2% Fibo retracement, 50-EMA a critical hurdle

Gold Price Forecast: XAU/USD struggles to defend $1,800 at monthly low amid Fed fears

Australia Westpac Consumer Confidence registered at -4.5%, below expectations (-0.7%) in June

Stocks. Daily history for Tuesday, June 14, 2022

US Dollar Index tumbles to near 105.30 at open as the risk-on impulse rebounds, Fed in focus

Currencies. Daily history for Tuesday, June 14, 2022

AUD/USD: Corrective pullback eyes to regain 0.6900 ahead of China data, Fed

USD/CAD sees an upside above 1.2970 on expectations of a hawkish Fed, oil tumbles

Japan Machinery Orders (YoY) registered at 19% above expectations (5.3%) in April

Japan Machinery Orders (MoM) above expectations (-1.5%) in April: Actual (10.8%)

WTI Price Analysis: 100-SMA tests bears below $116.00

NZD/USD hovers at yearly low near 0.6200 on downbeat NZ data, focus on China statistics, Fed

Japan manufacturers' mood improves on resilient demand – Reuters Tankan

USD/JPY faces hurdles around 135.60 as DXY turns sideways, the spotlight is on Fed

GBP/USD bounces off two-year low to 1.2000 on UK PM Johnson’s political, Brexit moves, Fed, BOE eyed

South Korea Unemployment Rate increased to 2.8% in May from previous 2.7%

New Zealand Current Account (QoQ) registered at $-6.143B, below expectations ($-5.5B) in 1Q

New Zealand Current Account - GDP Ratio below expectations (-6.3%) in 1Q: Actual (-6.5%)

Fitch affirms Canada's ratings at 'AA+' with stable outlook

EUR/USD Price Analysis: Plummets 90 pips towards 1.0400 ahead of the FOMC meeting

White House Economic Adviser Deese: Focus is on bringing down costs and Federal deficit – CNN

US Treasury's Adeyemo: Price caps could limit Russian oil revenues

Gold Price Forecast: XAU/USD pauses above $1,800, downside looks likely ahead of Fed

Canada's PM Trudeau: We're watching rising interest rates 'with concern'

AUD/USD sees a minor rebound from 0.6850 ahead of Fed’s policy

EUR/JPY Price Analysis: Trims three days of losses and reclaims 141.00 on a risk-off mood

United States API Weekly Crude Oil Stock: 0.736M (June 10) vs previous 1.845M

USD/CHF Price Analysis: Bulls lift the major above parity, eyeing a test of the YTD high around 1.0060s

Forex Today: Dollar retains its strength ahead of the Fed

Argentina Consumer Price Index (MoM) fell from previous 6.2% to 4.8% in May

NZD/USD drops to 2-year lows at around 0.6202 ahead of the FOMC’s decision

USD/CAD marches firmly to fresh multi-week highs around 1.2960s, ahead of FOMC, US Retail Sales

WTI retreats from fresh one-month high

Gold Price Forecast: XAUUSD remains below the 200-DMA hovering around $1810s before Fed’s decision

ECB's Schnabel: Monitoring current market developments closely

USD/JPY nears 135.19, a multi-decade high, with substantial momentum

WH Economic Adviser Ramamurti: Inflation is a global problem – Bloomberg

United States 52-Week Bill Auction rose from previous 2.1% to 3.02%

S&P 500 remains pressured and surrendered 3800 as investors brace for Fed

Breaking: GBP/USD drops below 1.2000 for the first time since March 2020