Rain makes grain [Video]

Dale J Pinkert Independent Analyst

The latest USDA report and the impact of extreme heat across the Midwest on grain markets before Coach walks viewers through the key charts. He highlights significant technical levels in the U.S. Dollar Index (DXY) and the Euro, then examines whether Gold and Silver have established a bottom. The session also explores a potential recovery setup in WTI crude oil and the key entry levels to watch.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

GBP/USD dips below 1.3350 with bullish momentum losing steam

The British Pound ticks lower against the US Dollar Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran. The GBP/USD pair trades near 1.3340 at the time of writing, down from 1.3387 highs last week, although it maintains a near-term bullish trend intact.

EUR/USD declines toward 1.1400 after US PMI data

EUR/USD stays on the back foot on Monday and declines toward 1.1400 in the second half of the day. The pair struggles to find its footing as the US Dollar preserves its strength after the latest PMI data showed that the business activity in the service sector continued to expand at a healthy pace in June.

Gold struggles to build on last week's gains, trades below $4,150

Gold finds it difficult to attract buyers and trades in the red below $4,150 after closing the previous week in positive territory. The US Dollar attracts some safe-haven flows amid tensions over the Strait of Hormuz and undermines the bullion. However, receding US Federal Reserve rate hike bets might hold back USD bulls from placing aggressive bets.

Crypto Today: Bitcoin, Ethereum, XRP pull back amid persistent ETF outflows

The cryptocurrency market is experiencing widespread weakness on Monday, with Bitcoin (BTC) sliding under the $63,000 mark amid ongoing risk aversion.

The US Dollar just beat the Swiss Franc at its own safe-haven game

As the king among safe havens, the Swiss Franc is supposed to benefit from geopolitical shocks such as the Iran war. This time, it didn’t. The Swissie is nearly 6% below January’s peak against the USD after a sharp decline that came along with the war in Iran and the closure of the Strait of Hormuz.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.