Worsening economic data in Germany and wider Europe sets up an interesting third quarter as the ECB maintains hawkish resolve. Euro to feel the pressure
The Canadian dollar’s rise against the US dollar above key resistance points to further gains on improving risk appetite amid resilient global growth, signs of a turnaround in commodity prices, and hopes of more stimulus from China.
Bitcoin is entering the third quarter of the year on the front foot and is looking to print a new yearly high after rallying sharply in the last weeks of June.
USD/JPY and EUR/JPY maintain a positive technical outlook heading into the third quarter, as sentiment around the Japanese yen continues to be extremely bearish.
The spectacular run in US equities looks set to spill over in the third quarter, thanks to improving overall sentiment after the raising of the US debt ceiling, reduced stress in the banking system, the resilience of the US economy, and hopes that global interest rates are peaking
The recent rise in nominal and real yields driven by hawkish central bank monetary policy could keep gold prices biased to the downside heading into the third quarter.