21:49:52
Spot gold hit $1,950 an ounce, up 0.39% on the day, and rebounded by $25 from the daily low.
21:47:44
The ECB forecast assumes EUR/USD of 1.09 in 2024 and 2025.
21:47:28
The ECB forecast assumes EUR/USD of 1.08 in 2023.
21:47:10
The ECB forecast assumes an oil price of $70.4 per barrel in 2025.
21:47:00
The ECB forecast assumes a crude oil price of $72.6 per barrel in 2024.
21:46:27
The ECB forecast assumes an oil price of $78 a barrel in 2023.
21:44:35
The U.S. dollar against the Swiss franc USD/CHF fell by 0.50% on the day and is now at 0.8964.
21:44:30
GBP/USD touched 1.27 against the US dollar, up 0.31% on the day and hitting a new high since April 2022.
21:39:20
Tesla (TSLA.O): No overtime required in the second quarter, we will meet production targets without extra Saturday work.
21:39:01
Tesla (TSLA.O): The Berlin-Brandenburg plant is reducing the number of temporary workers.
21:38:30
According to Nikkei News: Japan will provide Toyota with 120 billion yen in subsidies.
21:33:43
Federal Reserve Chairman Jerome Powell will testify before the Senate Banking Committee on June 22.
21:26:51
ECB President Lagarde: We expect wage growth to continue going forward.
21:22:53
European Central Bank President Lagarde: According to current parameters, 2.2% in 2025 is not satisfactory.
21:21:22
Lagarde, President of the European Central Bank: It has not been discussed, but it is considered to skip or pause (rate hikes).
21:19:23
EUR/USD rose more than 0.50% on the day and is now at 1.0884.
21:19:13
ECB President Lagarde: There is some lag, 18 to 24 months, but not too much.
21:18:29
Bank of America expects the dollar to strengthen further, with a EUR/USD forecast of 1.05 by the end of 2023.
21:18:04
Bank of America raised its end-2023 forecast for the U.S. 10-year Treasury note by 25 basis points to 3.5%.
21:17:24
Both US and Brent oil rose more than 1.00%, and are now at US$69.56 and US$74.30/barrel respectively.