Forexlive European FX News 23 Jun – European PMI’s robust & risk constructive 0 (0)

European Session June 23
Other markets
. It remains a buy on the dips. There are rumours circulating that a deal is getting closer between Iran and the US, but no confirmation yet. However, even though a deal should send oil lower in the immediacy, this dip should find buyers as the fundamental outlook is strong.

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Forexlive European FX News 22 Jun – Risk constructive, but USD flat awaiting hints from Powell. 0 (0)

European Session June 22 
Other markets
– FTSE +0.22%
– Euro Stoxx -0.3%%
– Italian FTSE -0.43%
– Dax +0.05%
– CAC +0.05%
Oil was further supported on demand recovery hopes & OPEC+ is making sure supply is tight. Private inventory data out tonight.  The drag on inventories and the pushing out of  alongside raising bullish forecasts have all supported the crude complex.  The

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USD strength ahead on inflation fears from the Fed? 0 (0)

Hawkish dot plot shift 
The latest FOMC meeting saw a hawkish tilt that the market had not been expecting. Going into the meeting there was anticipation that a hawkish outcome could involve projections for a 2023 median rate hike. In the end the dot plot saw more members opting for earlier rate hikes in this meeting

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