Fed Monetary Policy Report: GDP on track to rise moderately in Q2
In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic
USD/CHF: 0.9472/60 to serve as a floor to to maintain the 0.95-1.00 range – Credit Suisse
USD/CHF is approaching the bottom of the 0.95 to parity range. Analysts at Credit Suisse
EUR/GBP: Support at 0.8530/11 to hold for a retest of key resistance at 0.8722/47 – Credit Suisse
EUR/GBP is set to hold support at 0.8530/11 for a retest and break above 0.8722/47.
US: Industrial Production rises by 0.2% in May vs. 0.4% expected
Industrial Production in US grew at a softer pace than expected in May. US Dollar Index
EUR/NOK to race higher towards the 10.8583 mark – Credit Suisse
EUR/NOK has risen significantly and trades comfortably above the 10.40 area. Economists at Credit Suisse
Norges Bank: Key rate at 3% by the end of 2023 – Nordea
Economists at Nordea see both faster and more rate hikes from Norges Bank ahead. They
USD/JPY looks to reclaim 135.60 on Fed-BOJ policy divergence, Japan inflation in focus
USD/JPY is marching towards its multi-year high at 135.59 on the continuation of BOJ’s prudent
USD/CAD retreats to 1.3000 on hawkish BOC bets, oil’s bounce, focus on Fed’s Powell, Canada inflation
USD/CAD pares recent gains at 19-month high, renews intraday low of late. Higher inflation expectations
AUD/USD Price Analysis: Corrective pullback jostles with 0.6960 hurdle
AUD/USD picks up bids to renew intraday high, consolidates recent losses after two-week downtrend. Convergence
Terra’s LUNA weekly price action reveals the patient is all but dead
Terra price action paints a grim picture of a broader time frame. LUNA price looks