No Data
Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?
The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".
ECB's Kazimir: Market Pricing of Two Rate Cuts by Year-end Is Not Entirely Misplaced
European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said Monday, the “market pricing of two rate cuts by year-end is not entirely misplaced,” adding that “such pricing isn't a given at the moment.”
EUR/USD: To Trade in a Range Between 1.0845 and 1.0945 – UOB Group
The Euro (EUR) strength has ended; for the time being, it is likely to trade in a range between 1.0845 and 1.0945, UOB Group FX strategists Quek Ser Leang and Peter Chia note.
Germany's Chemical Sector Sees Faltering Business Climate in June, Ifo Data Shows
The business climate in Germany's chemical industry worsened in June after four straight months of growth due to a decline in order backlog and demand for chemicals, the ifo Institute said Monday.
EUR/USD: Εuro Remains Just Below 1.0900 on a Very Poor Agenda
The single European currency is trading just below the 1.09 level in the early hours of the new week in a narrow range as today's very poor agenda is likely to limit investors from taking big bets.
Forex Today: Mixed Opening to Week as Markets Assess US Political Developments
The US Dollar (USD) struggles to find demand at the beginning of the week, while US stock index futures trade in positive territory. Federal Reserve Bank of Chicago's National Activity Index for June will be the only data featured in the US economic calendar on Monday. Meanwhile, investors will keep a close eye on political developments in the US after President Joe Biden announced on Sunday that he is withdrawing from the 2024 Presidential election.