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EU prepared to accept a flat 10% US tariff under clear conditions
EU prepared to accept a flat 10% US tariff under clear conditions
Handelsblatt, a German newspaper, reported on Monday that the European Commission is prepared to accept a flat-rate United States (US) tariff of 10% under clear conditions.
Europe
EURUSD
UnitedStates
TradeWar
Eurozone
Silver Price Forecast: XAG/USD consolidates gains above $36.00
Silver Price Forecast: XAG/USD consolidates gains above $36.00
Silver prices (XAG/USD) remain close to the multi-year highs near $37.00 hit last week, despite a moderate decline in demand for safe-haven assets, like precious metals, as fears that the Israel-Iran war might turn into a regional conflict have eased.Israel and Iran have kept exchanging missile atta
XAGUSD
Silver
Fed
Commodities
GBP/USD: Likely to trade sideways between 1.3515 and 1.360 – UOB Group
GBP/USD: Likely to trade sideways between 1.3515 and 1.360 – UOB Group
Current price movements are likely part of a sideways trading phase between 1.3515 and 1.3605. In the longer run, GBP must first close above 1.3640 before a move to 1.3700 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
Iran’s Foreign Ministry: Parliament is preparing a bill to leave nuclear Non-Proliferation Treaty
Iran’s Foreign Ministry: Parliament is preparing a bill to leave nuclear Non-Proliferation Treaty
Esmaeil Baghaei, an Iranian Foreign Ministry spokesperson, said on Monday that the Iranian parliament is preparing a bill to leave the nuclear Non-Proliferation Treaty (NPT).
MiddleEast
Israel
Macroeconomics
Iran
JPY: BoJ to hold, but hike chances underpriced – ING
JPY: BoJ to hold, but hike chances underpriced – ING
G10 central bank activity this week starts with the Bank of Japan, which is widely expected to keep rates at 0.5% overnight, ING's FX analyst Francesco Pesole notes.
USDJPY
Banks
BOJ
Technical Analysis
Japan
GBP/USD: Pullback is on the cards – OCBC
GBP/USD: Pullback is on the cards – OCBC
Pound Sterling (GBP) eased further as escalation in geopolitical tensions weighed on sentiments. Pair was last at 1.3583 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBPUSD
Banks
Technical Analysis
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver
Commodities
Metals
Indian Trade Ministry: India and US aiming to sign interim deal before July 9
Indian Trade Ministry: India and US aiming to sign interim deal before July 9
An official from the Indian Trade Ministry said on Monday that “India and US are aiming to sign interim deal before July 9.”
India
China
UnitedStates
TradeWar
USDINR
EUR: Peak central bank action in Europe – ING
EUR: Peak central bank action in Europe – ING
The eurozone’s dependence on energy price exports should put a curb on EUR/USD upside in our view, ING's FX analyst Francesco Pesole notes.
Banks
EURUSD
Technical Analysis
India says aiming to sign interim deal with the US before 9 July
India says aiming to sign interim deal with the US before 9 July
Remarks by an official from the Indian trade ministry
Politics
Israel: Destroyed more than one-third of Iran's missile launchers
Israel: Destroyed more than one-third of Iran's missile launchers
A spokesperson for the Israeli military said on Monday that they have “destroyed more than one-third of Iran's surface-to-surface missile launchers.”
MiddleEast
Israel
Macroeconomics
Iran
DollarIndex
Eurozone wage costs seen easing in Q1 2025
Eurozone wage costs seen easing in Q1 2025
The nominal hourly wage costs is down to 3.4% year-on-year in the first quarter of this year
How have interest rates expectations changed following the surge in oil prices?
How have interest rates expectations changed following the surge in oil prices?
Higher oil prices triggered a bit of a hawkish repricing in interest rates expectations
market overview
EUR/GBP rises above 0.8500 as Israel-Hamas tensions ease
EUR/GBP rises above 0.8500 as Israel-Hamas tensions ease
EUR/GBP gains ground after registering little losses in the previous session, trading around 0.8530 during the European hours on Monday.
Macroeconomics
EURGBP
Eurozone
UnitedKingdom
Crosses
USD/CAD approaches YTD lows at 1.3565 after failure at 1.3600
USD/CAD approaches YTD lows at 1.3565 after failure at 1.3600
The USD/CAD recovery attempt seen during Monday’s early trade has failed to find acceptance above 1.3600.
USDCAD
Currencies
AUD/JPY jumps to near 94.00 as safe-haven assets lose steam, BoJ policy in focus
AUD/JPY jumps to near 94.00 as safe-haven assets lose steam, BoJ policy in focus
The AUD/JPY pair climbs to near 94.00 during European trading hours on Monday. The cross moves sharply higher as demand for safe-haven assets, such as the Japanese Yen (JPY) has diminished, while tensions between Israel and Iran have escalated.
AUDJPY
BOJ
Employment
MiddleEast
Inflation
Italy May final CPI +1.6% vs +1.7% y/y prelim
Italy May final CPI +1.6% vs +1.7% y/y prelim
Latest data released by Istat - 16 June 2025
Pound Sterling ticks up against USD ahead of Fed-BoE policy decision
Pound Sterling ticks up against USD ahead of Fed-BoE policy decision
The Pound Sterling (GBP) ticks up to near 1.3590 against the US Dollar (USD) so far on Monday, remaining inside Friday’s trading range.
GBPUSD
Fed
BOE
Inflation
SEO
Forex Today: Markets focus on geopolitics as Iran-Israel conflict deepens
Forex Today: Markets focus on geopolitics as Iran-Israel conflict deepens
Here is what you need to know on Monday, June 16:
Macroeconomics
Majors
Currencies
Commodities
EconomicIndicator
Crude oil consolidates as supply fears ease
Crude oil consolidates as supply fears ease
The tensions in the Middle East remain high but oil prices pull back amid lack of supply problems
NZD/USD Price Forecast: Advances toward 0.6050 after breaking above nine-day EMA
NZD/USD Price Forecast: Advances toward 0.6050 after breaking above nine-day EMA
NZD/USD is retracing its recent losses, trading around 0.6030 during the European hours on Monday. The technical analysis of the daily chart suggests that the bullish bias is prevailing as the pair remains within an ascending channel pattern.
NZDUSD
Technical Analysis
Majors
EUR/USD retraces losses against a softer US Dollar as risk appetite returns
EUR/USD retraces losses against a softer US Dollar as risk appetite returns
The EUR/USD pair retraced on Monday most of the ground lost on Friday, following Israel’s attack on Iran.
EURUSD
Fundamental Analysis
Currencies
SEO
EUR/CHF nudges higher as risk appetite recovers some ground
EUR/CHF nudges higher as risk appetite recovers some ground
A modest bounce in EUR/CHF as price pushes above 0.9400
EUR
CHF
WTI Oil corrects lower from $75.00, but remains well above May’s range
WTI Oil corrects lower from $75.00, but remains well above May’s range
Crude prices have pulled back from five-month highs right above the $75.00 level on Monday, but they remain 12% above the levels seen one month ago, boosted by investors’ concern about supply disruptions stemming from the Iran-Israel war.The price of the West Texas Intermediate barrel jumped about 3
Oil
WTI
Commodities
ECB’s Nagel: It is not sensible to signal either pause or rate cut for the time being
ECB’s Nagel: It is not sensible to signal either pause or rate cut for the time being
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel is delivering a speech titled "Goal achieved - no reason to give up" in Frankfurt, Germany, on Monday.
ECB
InterestRate
EURUSD
CentralBanks
European indices see a more positive start to the session
European indices see a more positive start to the session
Investors look to fade the tensions in the Middle East already
Stocks
FX option expiries for Jun 16 NY cut
FX option expiries for Jun 16 NY cut
FX option expiries for Jun 16 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Currencies
Options
Market Outlook for the week of June 16th - 20th
Market Outlook for the week of June 16th - 20th
Highlights of the week include monetary policy announcements from the BoJ, FOMC, SNB and BoE
JPY
GBP
USD
US Dollar Index holds steady above 98.00 on heightened Middle East geopolitical tensions
US Dollar Index holds steady above 98.00 on heightened Middle East geopolitical tensions
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 98.15 during the early European session on Monday.
DollarIndex
Macroeconomics
Fed
UnitedStates
Switzerland May producer and import prices -0.5% vs +0.1% m/m prior
Switzerland May producer and import prices -0.5% vs +0.1% m/m prior
Latest data released by the Federal Statistics Office - 16 June 2025
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $71.80 per barrel, up from Friday’s close at $71.61.
Oil
WTI
Commodities
Bullish
EUR/JPY Price Forecast: Key upside barrier emerges near 166.50
EUR/JPY Price Forecast: Key upside barrier emerges near 166.50
The EUR/JPY cross extends its upside to around 166.50 during the early European trading hours on Monday. A generally positive tone around the equity markets weighs on the safe-haven currency like the Japanese Yen (JPY).
Crosses
EURJPY
Technical Analysis
What are the main events for today?
What are the main events for today?
Nothing on the agenda today with focus remaining on Middle East headlines
market overview
Eurostoxx futures flat in early European trading
Eurostoxx futures flat in early European trading
A tentative mood as investors slowly embrace the tensions between Iran and Israel
Stocks
GBP/USD Price Forecast: Treads water above 1.3550, nine-day EMA
GBP/USD Price Forecast: Treads water above 1.3550, nine-day EMA
The GBP/USD pair has recovered its daily losses, trading around 1.3570 during the Asian hours on Monday. The bullish bias may weaken as the daily chart’s technical analysis indicates that the pair is hovering around the ascending channel pattern.
Majors
GBPUSD
Technical Analysis
USD/TWD remains depressed below mid-29.00s amid easing trade tensions
USD/TWD remains depressed below mid-29.00s amid easing trade tensions
The USD/TWD pair continues with its struggle to attract any meaningful buyers and trades with a mild negative bias below the 29.50 area during the Asian session on Monday. Spot prices remain close to over a one-month low touched last Friday and seem unaffected by a modest US Dollar (USD) uptick.
Taiwan
DollarIndex
TradeWar
Fed
Currencies
GBP/JPY struggles to break above 196.00 ahead of BoJ-BoE monetary policy
GBP/JPY struggles to break above 196.00 ahead of BoJ-BoE monetary policy
The GBP/JPY pair struggles to extend its upside above 196.00 from the last three trading sessions. During Asian trading hours on Monday, the cross has faced pressure near 196.00 again and has ticked down to near 195.50.
GBPJPY
BOJ
Inflation
BOE
UnitedKingdom
US-China trade truce leaves military-use rare earth issue unresolved
US-China trade truce leaves military-use rare earth issue unresolved
The renewed US-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, per Reuters.
China
Macroeconomics
UnitedStates
AUDUSD