DXY & Forex

According to Galaxy Digital CEO Mike Novogratz, Bitcoin's decline to around $60,000 is a "MicroStrategy-led breakdown in confidence" rather than a random market event, he said in a recent podcast discussion with Anthony Scaramucci. MicroStrategy is sitting on roughly $14 billion in unrealized

According to The Wall Street Journal's analysis on June 29, the U.S. Supreme Court ruled that President Trump cannot remove Federal Reserve Board member Cook, reaffirming congressional protections for Fed officials' tenure. The 5-4 decision limits the president's ability to pressure the Fed by

According to Federal Reserve data, the overnight reverse repurchase agreement (RRP) usage fell to $3.546 billion on June 29, with 4 counterparties participating. This compares to $6.426 billion on the previous trading

Mortgage rates declined on Monday, June 29, with the 30-year fixed mortgage falling to 6.44%, down from 6.48% the previous week, according to the Mortgage Research Center. The modest drop reflects continued stabilization in borrowing costs as the Federal Reserve maintains its benchmark interest rate

According to the Mortgage Research Center, the average 30-year fixed mortgage rate fell to 6.44% on Monday, June 29, down 0.04 percentage points from 6.48% the previous week. At this rate, a borrower financing a $100,000 mortgage would pay approximately $628 per month in principal and interest.

According to NY Federal Reserve data, SOFR (Secured Overnight Financing Rate) fell to 3.62% on June 26, down from 3.64% the previous day. The effective federal funds rate held steady at 3.63% on the same

According to Rabobank analyst Jane Foley, the euro may struggle to rebound without significant improvement in eurozone economic activity data, as reported by Jin10 on June 29. Foley noted that market sentiment toward the euro has shifted considerably, with geopolitical tensions dampening growth

According to Jin10, the USD/JPY exchange rate surged to 161.95 on June 29, marking its highest level since December 1986. The pair rose 0.1% during the session, breaking through its previous resistance level.

According to Bank of America Securities, as reported by Jin10 Data on June 29, the bank forecasts U.S. non-farm payrolls will increase by 110,000 in June, driven by moderate initial jobless claims and strong ADP employment data. BofA added that a robust employment report could reinforce market

According to Amundi, the Federal Reserve is likely to hold rates steady through the coming months as monetary policy has returned to a neutral stance, the investment research firm said on June 29. The firm noted that rate hike risks could rise if energy costs spread to broader prices and economic

In the final week of June 2026, the Middle East situation once again experienced intense volatility. The US military struck 10 Iranian military targets, and Iran subsequently retaliated against 8 US military facilities. Within days, the two sides quickly shifted from military confrontation to diplomatic negotiations, agreeing to a ceasefire and scheduling a meeting in Doha, the capital of Qatar, on June 30. Although this round of conflict was brief, its impact on global financial markets—especia

According to Bloomberg Economics, on June 29, the UK growth forecast for 2026 was raised to 1.2% from a prior estimate of 0.8%, citing the benefit of declining global oil prices following the US-Iran temporary peace agreement. The firm also lowered its inflation forecast to 3% from 3.5%, enabling th

According to Brazil's central bank survey conducted in late June 2026, economists expect the SELIC benchmark interest rate to hold steady at 14.00% by the end of 2026, unchanged from prior forecasts. For end-2027, the consensus expectation is for the rate to decline to 12.00%, also in line with

According to Brazil's Central Bank survey, economists forecast the Brazilian real will trade at 5.20 per U.S. dollar at end-2026, holding steady with prior expectations. For end-2027, the forecast rises to 5.28 BRL/USD, up from the previous projection

Federal Reserve Chair Kevin Warsh has drawn heightened scrutiny from Wall Street since his first press conference earlier this month, where he stated the Fed would deliver price stability while signaling less forward guidance than his predecessors provided. The increased attention stems from Warsh's

According to the Financial Times, Federal Reserve Chair Kevin Warsh stated earlier this month that the Fed would prioritize price stability while signaling reduced forward guidance on future policy actions. This approach contrasts with his predecessors' more communicative stance. Market reaction

UK 10-year gilt yields dropped to an intraday low of 4.727% on June 29, down 1 basis point during the session. The move came as potential prime ministerial successor Burnham made public remarks, with markets responding to developments in UK political leadership

According to the Bank for International Settlements, on June 29, the BIS classified stablecoins as resembling exchange-traded funds more than genuine money in its Annual Economic Report 2026. The report notes that stablecoins trade at prices deviating from their pegged value and carry redemption

GBP/USD rose 10 pips during the speech by Kier Starmer's potential successor, trading at 1.3219.

According to Jin10, Intercontinental Exchange (ICE), the parent company of NYSE, plans to launch new futures contracts linked to monetary policy decisions from the Federal Reserve, European Central Bank, and Bank of England, as well as U.S. natural gas inventory levels. Company executives revealed t