Market news

USD/CHF down 250 pips amid SNB rate hike and weaker USD

United States 4-Week Bill Auction climbed from previous 1.04% to 1.18%

Russia's Novak: No plans to switch to oil-for-roubles scheme

EUR/USD climbs above the 1.0500 figure due to a softer US dollar

United States EIA Natural Gas Storage Change dipped from previous 97B to 92B in June 10

GBP/USD jumps to multi-day high, eyes 1.2300 mark amid fresh USD selling

BoJ Preview: Forecasts from six major banks, maintaining a dovish stance

EUR/CHF: One-month forecast lowered to 1.02 following SNB's surprise hike – Rabobank

Gold Price recover modest intraday losses, upside potential seems limited

ECB's Visco: Italy-Germany 10-year yield spread of over 200 bps would be unjustified

ECB's Visco: ECB to continue to hike in a gradual way after September

Russia Central Bank Reserves $ increased to $594.6B from previous $591.3B

S&P 500 Index: Resistance at 3838 to cap for a decline towards 3505 – Credit Suisse

US: Philadelphia Fed Manufacturing Index drops to -3.3 in June vs. 5.5 expected

BoE leaves the door open for further hikes, limiting immediate GBP pressure – TDS

US: Housing Starts decline by 14.4% in May, Building Permits fall by 7%

EUR/USD set to break below support at 1.0350/41 for a fall to parity – Credit Suisse

EUR/CHF: Close below 1.0189/69 to open up parity and even lower – Credit Suisse

US: Weekly Initial Jobless Claims decline to 229K from 232K

United States Continuing Jobless Claims came in at 1.312M, above expectations (1.302M) in June 3

United States Philadelphia Fed Manufacturing Survey registered at -3.3, below expectations (5.5) in June

United States Initial Jobless Claims remains unchanged at 229K in June 10

United States Building Permits Change declined to -7% in May from previous -3.2%

United States Building Permits (MoM) below expectations (1.785M) in May: Actual (1.695M)

Canada Wholesale Sales (MoM) came in at -0.5%, below expectations (0.2%) in April

United States Initial Jobless Claims 4-week average above expectations (215K) in June 10: Actual (218.5K)

United States Housing Starts Change down to -14.4% in May from previous -0.2%

United States Housing Starts (MoM) below forecasts (1.701M) in May: Actual (1.549M)

Russia's Novak: Oil market is balanced but there are lots of uncertainties

USD/CAD Price Analysis: Bull pennant in the making, 1.3000 seems inevitable

GBP/JPY rebounds from post-BoE swing low, moves back above 161.00 mark

EUR/USD remains vulnerable near 1.0400 amid ECB news, choppy USD

ECB officials reportedly want new instrument ready for July meeting

GBP/USD refreshes daily low, below mid-1.2000s after BoE's expected 25 bps rate hike

EUR/GBP jumps above 0.8600 after BOE rate decision

United Kingdom BoE MPC Vote Rate Hike in line with forecasts (9)

United Kingdom BoE MPC Vote Rate Unchanged in line with forecasts (0)

United Kingdom BoE MPC Vote Rate Cut meets expectations (0)

United Kingdom BoE Interest Rate Decision in line with forecasts (1.25%)

Breaking: BoE hikes interest rates by 25 bps to 1.25%, as was widely anticipated

USD/JPY Price Analysis: Bears looking to seize control below 200-hour SMA, 23.6% Fibo.

Russian Chief Negotiator: Russia ready for peace talks with Ukraine

When is the BoE monetary policy decision and how could it affect GBP/USD?

Eurozone money markets now price in around 190 bps of ECB hikes by December – Reuters

AUD/USD struggles below 0.7000 amid broad-based USD strength, seems vulnerable

Greece Unemployment Rate (QoQ) increased to 13.8% in 1Q from previous 13.2%

Spain 5-y Bond Auction up to 2.345% from previous 1.387%

ECB's de Guindos: Inflation expectations quite anchored

European Monetary Union Labor Cost increased to 3.2% in 1Q from previous 1.9%

Taiwan CBC (Taiwan) Interest Rate Decision meets expectations (1.5%)

UK's ONS: Credit and debit card purchases decreased by 6%

EUR/CHF hammered down to two-month low, below 1.0200 mark after hawkish turn from SNB

ECB's Villeroy: Inflation not only higher but also broader

Brent Oil to trend higher towards $130 by end-September – UBS

EUR/USD remains offered below 1.0400 mark, hangs near monthly low amid stronger USD

SNB's Jordan: Swiss franc is no longer highly valued because of recent depreciation

Italy Consumer Price Index (YoY) below expectations (6.9%) in May: Actual (6.8%)

Italy Consumer Price Index (EU Norm) (MoM) in line with forecasts (0.9%) in May

Italy Consumer Price Index (EU Norm) (YoY) meets expectations (7.3%) in May

Italy Consumer Price Index (MoM) below expectations (0.9%) in May: Actual (0.8%)

USD/CHF plummets to sub-0.9800 levels, fresh weekly low on SNB’s surprise 50 bps rate hike

EUR/USD: Fragmentation risk poses downside potential for the euro – MUFG

Breaking: SNB unexpectedly hikes rates to -0.25% vs. -0.75% previous

Switzerland SNB Interest Rate Decision above expectations (-0.75%): Actual (-0.25%)

US Dollar Index to stall around the 105 area – Scotiabank

ECB’s Visco: Price-rise mostly driven by energy, gas prices

AUDUSD to slip back to 0.69 or even below in the next few days – Westpac

GBP/USD to drift up to the 1.2250 area if BoE leaves market expectations unchanged – ING

EUR/USD: At risk of sliding towards 1.01 if not parity – Westpac

EUR/CHF to fall 1-2% on a SNB rate hike – ING

USD/JPY holds steady near daily high, around mid-134.00s amid renewed USD buying

GBP/USD remains vulnerable to flushing towards 2020 low of 1.1410-25 – Westpac

Hawkish Fed to keep dollar afloat into the summer – ING

USD/JPY to soar towards the 137 mark – Westpac

GBP/USD Price Analysis: Bears attack key support with eyes on 1.1933, BOE

GBP/USD to challenge 1.22 on a hawkish BoE surprise

EUR/CHF: SNB to stay on hold, putting appreciation pressure on the franc – Commerzbank

Hawkish BoE to fuel concerns of a hard landing, pounding the pound – Commerzbank

Fading the USD remains premature as the outlook for core inflation is still troubling – TDS

US Dollar Index consolidates post-Fed losses around 105.00, yields eyed

Russia’s Novak: Can increase oil production in July

EUR/USD to head towards parity in 12M following high inflation data – Danske Bank

Fed: Hiking interest rates and into restrictive territory to restore price stability – Nordea

Forex Today: Fed-inspired dollar selloff eases, eyes on BOE

ECB’s Guindos: Markets should not doubt how determined we are to address fragmentation

Gold Price Forecast: XAUUSD to extend the recovery on a close above 200-DMA at $1,842

Gold Price slides below $1,848 hurdle as sluggish yields underpin USD rebound

FX option expiries for June 16 NY cut

GBP/JPY sees a cushion around 163.00, investors await BOE policy

USD/KRW rallies towards 1,300 as South Korea lowers GDP growth forecasts

ECB bond-buying scheme likely to have loose conditions – Reuters

USD/CAD looks set to regain 1.2900 as oil retreats amid sluggish markets

EUR/GBP balances below 0.8600, downside remains favored ahead of BOE

Asian Stock Market: On track for first daily gain in six, follows Wall Street’s reaction to Fed

EUR/USD faces hurdle around 1.0450 as DXY turns sideways, Eurozone HICP eyed

Netherlands, The Unemployment Rate s.a (3M): 3.3% (May) vs 3.2%

AUD/USD Price Analysis: Grinds higher past 0.6980 support confluence

USD/INR Price News: Subdued at open on soaring market mood, oil gets weaker

NZD/USD Price Analysis: Bull cross represents by 20- and 50-EMAs supports kiwi

GBP/USD suffers altitude sickness near 1.2150, Brexit news, BOE in focus

Gold Price Forecast: XAUUSD needs to crack $1,842 to unleash further upside – Confluence Detector

USD/JPY jumps back towards 135.00 on BOJ chatters, sluggish yields

Commodities. Daily history for Wednesday, June 15, 2022

Japan’s Matsuno: Watching the impact of Fed interest rate rise on Japan, world economy

S&P 500 Futures stay firmer even as US Treasury yields struggle to keep post-Fed losses

EUR/USD Price Analysis: Extends pullback from 100-HMA towards 1.0400, megaphone in focus

PBOC likely to keep LPR unchanged this month – China Press

US Department of Energy has requested to meet with refiners about prices by June 21

AUD/JPY skids below 94.30 on flat Aussie Unemployment Rate, BOJ in focus

AUD/USD retreats towards 0.7000 on mixed Australia Employment report

PBOC sets USD/CNY reference rate at 6.7099

China House Price Index down to -0.1% in May from previous 0.7%

Australia Part-Time Employment increased to -8.7K in May from previous -88.4K

Australian Unemployment Rate steadies at 3.9% in May vs. 3.8% expected

Australia Employment Change s.a. came in at 60.6K, above expectations (25K) in May

Australia Participation Rate above expectations (66.4%) in May: Actual (66.7%)

Australia Full-Time Employment declined to 69.4K in May from previous 92.4K

Australia Unemployment Rate s.a. registered at 3.9% above expectations (3.8%) in May

GBP/USD leans bullish towards 1.2200 on upbeat options market signals, BOE eyed

WTI oscillates around $116.00, downside looks likely on Fed’s mega rate hike announcement

USD/CAD Price Analysis: Extends pullback from key resistance towards 1.2850

Australia Consumer Inflation Expectations increased to 6.7% in June from previous 5%

China to set up centralised iron ore buyer to counter Australia’s dominance – FT

US Dollar Index sees downside below 104.70 as risk-on impulse firms, yields near 3.30%

Gold Price Forecast: XAU/USD hovers around $1,835 post-Fed, inverse H&S in focus

Stocks. Daily history for Wednesday, June 15, 2022

When is the Australian employment report and how could it affect AUD/USD?

Currencies. Daily history for Wednesday, June 15, 2022

NZD/USD Price Analysis: Bulls testing a critical resistance area

EUR/USD advances towards 1.0500 on soaring market mood, Eurogroup meeting in focus

USD/CHF stays pressured around 0.9950 post-Fed as SNB Interest Rate Decision looms

Japan Adjusted Merchandise Trade Balance down to ¥-1931.4B in May from previous ¥-1618.9B

Japan Merchandise Trade Balance Total below forecasts (¥-2022.6B) in May: Actual (¥-2384.7B)

Japan Foreign Bond Investment fell from previous ¥-840.8B to ¥-867.2B in June 10

Japan Exports (YoY) came in at 15.8%, below expectations (16.4%) in May

Japan Foreign Investment in Japan Stocks up to ¥206.4B in June 10 from previous ¥-122.2B

Japan Imports (YoY) registered at 48.9% above expectations (43.6%) in May

Silver Price Analysis: XAG/USD bulls attack $21.75 key hurdle

GBP/JPY Price Analysis: Steady above 163.00 amidst a positive sentiment, a bearish flag looms

AUD/NZD pares gains on downbeat NZ GDP data, Aussie Employment data eyed

UK food inflation to hit 15% this summer – IGD

NZD/USD pares Fed-inspired gains below 0.6300 on downbeat NZ Q1 GDP

New Zealand Gross Domestic Product (YoY) below forecasts (3.3%) in 1Q: Actual (1.2%)

New Zealand Gross Domestic Product (QoQ) came in at -0.2% below forecasts (0.6%) in 1Q

New Zealand Q1 GDP drops to -0.2% QoQ vs. 0.6% expected, NZD/USD retreats towards 0.6250

GBP/USD Price Analysis: Pound bulls are firmer above short-term EMAs, 1.2300 eyed

AUD/USD defends post-Fed gains around 0.7000 with eyes on Australia Employment

Brazil Interest Rate Decision meets forecasts (13.25%)

USD/JPY Price Analysis: Hovers around 133.80s as a negative divergence emerges

Gold Price Forecast: XAU/USD sustains above $1,830 as yields plunge despite hawkish Fed

AUD/JPY Price Analysis: Bulls are not out of the woods yet

South Korea Import Price Growth (YoY) came in at 36.3%, above expectations (28%) in May

South Korea Export Price Growth (YoY) came in at 23.5%, above expectations (21.5%) in May

Forex Today: Dollar on the backfoot afer a dovishly hawkish Fed

S&P 500 bulls move in for the kill, but analysts warn that financial assets could remain pressured

NZD/USD rallies towards 0.6300 after Fed’s Powell press conference

United States Total Net TIC Flows: $1.3B (April) vs previous $149.2B

United States Net Long-Term TIC Flows rose from previous $23.1B to $87.7B in April

AUD/USD Price Analysis: Bulls turn the screw in a short squeeze on the back of the Fed

Fed increases its commitment to restore price stability – Wells Fargo

Powell speech: The worst mistake would be to fail in bringing inflation down

EUR/USD rebounds and soars above 1.0450 after Powell

Powell speech: Getting inflation down while the unemployment rate only rises to 4.1% would be success

USD/CAD hovers around 1.2930s on Powell’s presser post-Fed 0.75% rate hike

Powell speech: If we don't see progress on inflation, that could cause us to react

GBP/USD bulls moving in on less hawkish sounding Fed chair Powell, 1.22 eyed

Powell speech: Demand is still very hot and we would like to see it moderating

Powell speech: The US economy is very strong and well positioned to handle tighter policy

USD/JPY tumbles below 134.00 on Powell’s comments after Fed’s biggest hike since 1994

Powell speech: We continue to see upside risks to inflation

AUD/USD drops from daily highs towards 0.6918 post-Fed hike

Powell speech: We are moving expiditously to raise interest rates, it is essential we bring inflation down

Gold Price Forecast: XAU/USD hovers around $1,820 on a well telegraphed 75bp Fed rate hike, awiats Powell

EUR/USD drops toward multi-year lows as Fed hikes by 75bps

United States Fed Interest Rate Decision above expectations (1.5%): Actual (1.75%)

Breaking: Fed lifts interest rates by 75 bps to 1.50-1.75%, as expected

GBP/USD stays positive near 1.2100 ahead of the FOMC’s decision

Gold Price Forecast: XAU/USD poised for significant sell-off, but short squeeze not off the table around Fed

Fed Press Conference: Chairman Jerome Powell speech live stream – June 15

USD/CHF Price Analysis: Meanders around 1.0000 as traders brace for Fed’s decision

AUD/USD bounces off weekly lows, firmly around 0.6950

ECB's Lagarde: Crises are never the same twice, must act when facts are not clear

EUR/USD drops to one-month lows under 1.0400 ahead of FOMC statement

Colombia Retail Sales (YoY) came in at 23.3%, above expectations (15.4%) in April

Colombia Industrial output (YoY) increased to 13.5% in April from previous 12.3%