July 7, 2026 5:43 am
Key Moments The People’s Bank of China set the USD/CNY central parity rate at 6.8054 for Tuesday’s session. The new fixing compared with the previous day’s level of 6.8066. The latest setting differed from a Reuters estimate of 6.7838. Updated Central Parity Rate for USD/CNY The People’s Bank of China (PBOC) set the USD/CNY central […]
Read moreJuly 6, 2026 2:06 pm
Key Moments Bitcoin (BTC) trades below $63,000 as risk appetite remains weak and spot ETF products see $527 million in outflows over the past week. Ethereum (ETH) and XRP hold bearish technical structures, with prices gravitating toward key support zones near $1,700 and $1.10. XRP spot ETFs attract nearly $12 million in weekly inflows, marking […]
Read moreJuly 6, 2026 1:56 pm
Key Moments USD/CAD trades around 1.4215, with price action consolidating and the Canadian Dollar maintaining a soft tone. Non-renewal of the USMCA is seen extending trade uncertainty for Canadian and Mexican exporters, potentially influencing the BoC’s Q2 Business Outlook Survey. C$ is still viewed as fundamentally undervalued, but the gap versus an equilibrium estimate of […]
Read moreJuly 6, 2026 12:48 pm
Key Moments Turkey’s June headline CPI slowed to 32.1% year-on-year, with PPI easing to 28.1%. Seasonally adjusted monthly CPI and core inflation gains of 1.8% imply roughly 24% underlying inflation momentum. Commerzbank sees underlying inflation as still too strong to credibly move toward single-digit inflation or the CBRT’s 5% target, restricting room for easing. Inflation […]
Read moreJuly 6, 2026 11:22 am
Key Moments USD/CHF moved above 0.8050, extending its rebound from recent lows near 0.8000 and targeting the 0.8070 region. Swiss unemployment rose to 3.1% in June from 3% in May, its highest level in nearly five years, pressuring the Franc. A potential Morning Star pattern is forming on the daily chart, with confirmation eyed on […]
Read moreJuly 6, 2026 11:12 am
Key Moments NZD/USD trades around 0.5680, down 0.50% as the New Zealand Dollar faces pressure from weaker commodity prices and a firmer US Dollar. A 1% fall in the ANZ Commodity Price index in June and split views on the Reserve Bank of New Zealand’s July decision heighten uncertainty. Analysts at ANZ and BNY expect […]
Read moreJuly 6, 2026 11:01 am
Key Moments EUR/JPY traded around 185.30 during Monday’s European session, extending gains for a second consecutive day. Eurozone Retail Sales increased 1.6% year-over-year in May, matching consensus and improving from a 1.0% prior reading. German Factory Orders rose 1.9% in May and 6.2% year-over-year, while persistent Yen weakness helped sustain EUR/JPY upside. Euro Holds Firm […]
Read moreJuly 6, 2026 10:40 am
Key Moments GBP/JPY extends gains for a second session, trading in the mid-216.00s and approaching its late-April multi-year high. A roughly 275 bps policy rate differential between the BoE at 3.75% and the BoJ at 1% continues to underpin carry trades against the JPY. Market focus remains on Japan’s elevated debt levels, large-scale investment plans, […]
Read moreJuly 6, 2026 10:33 am
Key Moments EUR/GBP experienced a “sizeable downside breakout” that ING believes should be taken seriously. Lower FX volatility and the cost of a 2% per annum carry on short Sterling positions have discouraged investors from betting against GBP. Upcoming UK political developments and constrained fiscal capacity, combined with no expected Bank of England hikes this […]
Read moreJuly 6, 2026 8:51 am
Key Moments: LTC traded at $44.98, moving back above its short-term moving averages while still sitting over 21% below its 50-day and 22% under its 200-day levels. Whale and institutional accounts on Binance held 79.4% of positions long, but open interest fell 4.7% even as price edged higher. A resistance cluster between $46 and $47, […]
Read more