EUR/USD
1.15463
0.100%
Gold
4106.58
0.866%
Oil
88.041
-2.478%
USD/JPY
160.502
-0.030%
GBP/USD
1.33827
0.116%
GBP/JPY
214.800
0.086%
Real-time News
June 11th - Daniela Hathorn, Senior Market Analyst at Capital.com, stated that the market widely expects the European Central Bank (ECB) to raise interest rates at its meeting tonight. The importance of this meeting lies not only in the interest rate decision itself, but also in ECB President Lagardes articulation of future policy direction. The market will closely watch how the ECB defines the June rate adjustment – whether it will be seen as a one-off adjustment or the start of a broader tightening cycle. If the ECB does not rule out further rate hikes, the euro may find support, especially given the markets perception of a more cautious approach from the Federal Reserve. A hawkish stance from the ECB would improve the interest rate differential between the euro and currencies of central banks more cautious in tightening. However, if investors believe that tightening will exacerbate Europes already fragile economic growth prospects, the euros upside potential may be limited.June 11th - TD Securities analysts stated that the European Central Bank (ECB) appears poised to raise interest rates by 25 basis points to 2.25% due to accelerating inflation and the potential for energy-related pressures to spill over into core and service prices. The market seems to view the June rate hike as not a one-off move, but rather the beginning of a limited tightening policy, with a roughly 65% probability of another rate hike in September and the possibility of action by December already fully priced in. Given the widespread inflation concerns, we believe this view is reasonable: rising energy costs are pushing up overall inflation, and these pressures could ripple through service prices, wages, and expectations. Therefore, if upcoming data confirms that underlying inflation is not easing quickly enough, the likelihood of another rate hike in September is high.Nasdaq 100 futures extended gains to 1%, Dow Jones futures rose 0.66%, and S&P 500 futures gained 0.74%.German Chancellor Merz: Proposing Ukraines accession to the EU means that Ukraine will participate in EU Council meetings and Ministerial Council meetings, but Ukraine will not have voting rights.Italian Prime Minister: Europe should be prepared to impose new sanctions on Iran if it continues to “go down the wrong path.”
