German June IFO business climate surprises positively

Dhwani Mehta FXStreet

The headline German Ifo business climate surprised to the upside, coming in at 115.1 points in June versus 114.6 recorded last month and expectations of 114.4. Meanwhile, the current economic assessment also improved to 124.1 points in the reported month, as compared to last month's 123.2 and 123.3 anticipated.

The Ifo Expectations Index – indicating firms’ projections for the next six months bettered expectations, arriving at 106.8 in June versus expectations to 106.4 and 106.5 seen last.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

AUD/USD sticks to neutral bias above 0.7100 amid cautious markets

AUD/USD holds steady above 0.7100 in the Asian session on Monday as the US Dollar stalls its modest pullback from the highest level since late July amid persistent geopolitical uncertainties. The PBOC status quo on Loan Prime Rates also weighs on the Aussie. However, bets on another RBA rate hike continue to underpin the Australian Dollar ahead of the Trump-Xi Summit.

USD/JPY eases below 157.00 amid looming intervention risks

USD/JPY is easing back below 157.00 in Asia on Monday, undermined by modest Japanese Yen strength amid looming intervention risks after Friday's BoJ rate check. A Japanese holiday also keeps traders on edge amid escalating geopolitical tensions between Russia and Ukraine and in the Middle East. As a result, the US Dollar pauses its pullback, limiting the pair's downside.

Gold feeling the heat as geopolitics is back in play

Gold snaps recent recovery from six-week lows on Monday after facing rejection at $4,400. US Dollar stalls correction amid renewed geopolitical jitters, ahead of the Trump-Xi meeting. Gold’s daily technical setup paints a mixed picture, with a neutral daily RSI.

Bitcoin, Ethereum and Ripple advance in uptrend

Bitcoin, Ethereum and Ripple extend their gains on Monday after posting strong gains of over 5%, 6% and 5%, respectively, last week. BTC trades above $81,300, ETH climbs above $2,600, and XRP holds above the key $1.300 support level. All three momentum indicators suggest early bullish momentum and hint at further gains ahead.

Houthis claim attacks on Saudi capital, thick smoke seen near Riyadh airport

Yemen’s Houthis said that they attacked “sensitive” sites in the Saudi capital Riyadh with missiles and drones, hours after flames and a large plume of smoke were seen near the city’s main airport, the Guardian reported on Saturday. Saudi Arabia sent alerts overnight warning of potential danger around Riyadh.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.