White House NEC Director Hassett:
- He expects trade frameworks will come after July 4
This article was written by Greg Michalowski at www.forexlive.com.
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FOREX NEWS & BLOG
GBP/USD eases from multi-year highs as market digests mixed UK macro data
The British Pound (GBP) weakens against the US Dollar (USD) on Monday as mixed UK economic data weighs on the Sterling despite a generally subdued Greenback.
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Trump not bullish on AT&T
Tens of thousands on a conference call?
I’ll get right on it…
Zoom next time.
AT&T shares moved lower on the headline but have since bounced back to where it was as investors figure it’s probably good news not to be in responsible for a tens of thousands conference call.
This article was written by Greg Michalowski at www.forexlive.com.
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Aussie Gains Ground Amid Capital Repatriation. Forecast as of 27.06.2025
The cooling of the Australian economy and the RBA’s monetary expansion have not discouraged AUDUSD bulls. They have taken advantage of the global process of capital repatriation. Let’s discuss these topics and develop a trading plan. Major Takeaways The RBA will cut rates in July and twice more in 2025. China’s economy may slow to 3.5%. Investors are divesting from US assets. Long trades can be considered if the AUDUSD pair breaks through 0.6565. Weekly Fundamental Forecast for Australian Dollar When the system malfunctions, it is unreasonable to expect the established rules to remain effective. The recent changes to the… Read full author’s opinion and review in blog of #LiteFinance
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EUR/USD: Elliott Wave Analysis and Forecast for 27.06.25 – 04.07.25
Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.1450 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1450. Stop Loss: below 1.1380, Take Profit: 1.2050 – 1.2400. Alternative scenario: Breakout and consolidation below the level of 1.1450 will allow the pair to continue declining to the levels of 1.1210 – 1.1060. A sell signal: the level of 1.1450 is broken to the downside. Stop Loss: above 1.1520, Take Profit: 1.1210 – 1.1060. Main Scenario Consider long positions from corrections above the level of 1.1450 with a target of 1.2050… Read full author’s opinion and review in blog of #LiteFinance
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USDCAD pressured to key support on trade optimism
The USDCAD extended its decline today, pushing to new session lows and retesting the key support level at 1.3617—the low from last week. The downside momentum gathered pace after the pair failed to hold above the 100- and 200-hour moving averages earlier in the day, where sellers reasserted control and capped upside attempts.
The move comes as fresh optimism surrounds the prospect of a renewed U.S.–Canada trade deal following Canada’s decision to withdraw its proposed Digital Services Tax. The removal of this tax—previously a key source of tension—has opened the door for resumed trade discussions, helping boost sentiment around the Canadian dollar and applying downward pressure to USDCAD.
Technically, the 1.3617 level is providing initial support. A break below this area would increase bearish momentum, exposing the next downside targets at 1.3591 and then the 2025 low at 1.3539 (also the lowest level since October 2024). On the topside, immediate resistance comes in at 1.3651—the high of the broken swing area. Beyond that, the 50% midpoint of the June range at 1.3668 will be eyed.
Key support levels:
-
1.3617 – Last week’s low (first support)
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1.3591 – Minor swing level
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1.3539 – 2025 low and lowest level since October 2024
Key resistance levels:
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1.3651 – Swing area high
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1.3668 – 50% retracement of June range
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1.3686 – 100-hour moving average
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1.3703 – 200 hour moving average
The bias remains tilted to the downside while below resistance. A break of 1.3617 would shift the focus toward the yearly low. Reclaiming 1.3668 would ease some of the immediate bearish pressure.
This article was written by Greg Michalowski at www.forexlive.com.
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Iran’s National Security Committee: We too can threaten Netanyahu’s life
Member of Iran’s National Security Committe:
- The elimination of Revolutionary Guards commanders will lead to a decisive response
- We too can threaten Netanyhu’s life
Israels PM Netanyahu is to visit Washington to meet with US Pres. Trump as early as next week. I’m not so sure that peace in the Middle East between Iran and Israel is secure.
This article was written by Greg Michalowski at www.forexlive.com.
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WTI Crude Oil: Elliott Wave Analysis and Forecast for 27.06.25 – 04.07.25
Major Takeaways Main scenario: Consider long positions from corrections above the level of 60.00 with a target of 80.50 – 85.00. A buy signal: the price holds above 60.00. Stop Loss: below 58.50, Take Profit: 80.50 – 85.00. Alternative scenario: Breakout and consolidation below the level of 60.00 will allow the pair to continue declining to the levels of 55.00 – 52.80. A sell signal: the level of 60.00 is broken to the downside. Stop Loss: above 61.50, Take Profit: 55.00 – 52.80. Main Scenario Consider long positions from corrections above the level of 60.00 with a target of 80.50… Read full author’s opinion and review in blog of #LiteFinance
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USD/CHF: Elliott Wave Analysis and Forecast for 27.06.25 – 04.07.25
Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8200 with a target of 0.7800 – 0.7600. A sell signal: the price holds below 0.8200. Stop Loss: above 0.8255, Take Profit: 0.7800 – 0.7600. Alternative scenario: Breakout and consolidation above the level of 0.8200 will allow the pair to continue rising to the levels of 0.8470 – 0.8857. A buy signal: the level of 0.8200 is broken to the upside. Stop Loss: below 0.8140, Take Profit: 0.8470 – 0.8857. Main Scenario Consider short positions from corrections below the level of 0.8200 with a target of 0.7800… Read full author’s opinion and review in blog of #LiteFinance
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Gold shines as trust in monetary order erodes – TDS
Gold’s rally isn’t about demand, it’s about trust. We believe we are in the midst of the third major change in the monetary order. The positioning set-up in Gold is simply a symptom of this mega-theme, TDS’ Senior Commodity Strategist Daniel Ghali notes.
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Goldman Sachs moves its next Fed rate cut from December to September
Goldman Sachs has moved its next Fed rate cut from December to September. Earlier today Fed’s Bostic said that he expects one rate cut in 2024 and that the Fed was not in a hurry to cut rates. Other Fed officials including Feds Bowman and Waller have not ruled out a July rate cut if inflation comes in tame once again in June.
Feds Powell will participate in a panel with ECB’s Lagarde, BOE Bailey and BOJ Ueda tomorrow at 9:30 AM ET.
Last week, Fed Powell testified on Capitol Hill and left the door open for a July rate cut but does not expect that given his expectations that the tariffs will increase inflation in June, July, and August.
The Fed chair is under intense pressure from the Trump administration. It is a fait accompli that the Fed Chair’s term will not be extended next year, and that a Fed chair in-waiting could potentially be in place in January when the next Fed appointment is scheduled. That nominee would likely be an ultra-dove who will look to shift the bias of the Fed markedly to the downside in rates.
Fed’s Goolsbe will be speaking at the top of the hour (1 PM ET)
This article was written by Greg Michalowski at www.forexlive.com.
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Nobitex Reboots: Iran’s Top Crypto Exchange Reopens After Alleged Israeli Hack
Iranian
crypto exchange Nobitex has started reopening operations,
two weeks after suffering a major cyberattack that led to the loss of nearly $100
million. The exchange confirmed the partial restoration of operations on
Sunday, while trading and deposits remain suspended.
Follow- up on Nobitex Security Incident, Step-by-step wallet access has begun, 29 June 2025 Please note:1. This process is being carried out gradually, starting with verified users and initially for spot wallets, followed by other types of wallets.2. The identity…
— Nobitex | نوبیتکس (@nobitexmarket) June 29, 2025
Previous Addresses “No Longer Valid”
Nobitex advised users not to send funds to old wallet addresses, warning that deposits
to previously used addresses may result in permanent loss. “Due to the
migration of the wallet system, previous addresses are no longer valid,” the
company said in a statement.
The
reopening followed a June 18 cyberattack by a pro-Israeli hacker group. The group called Gonjeshke Darande, or “Predatory Sparrow,” claimed the hack on social media platform X. They warned they would release Nobitex’s source code and internal files within 24 hours. The hackers used wallet addresses with anti-Iranian messages to move the stolen funds across several blockchains.
Read more: Iranian Crypto Exchange Nobitex Loses $82M in Cyberattack as Israel–Iran Tensions Escalate
The incident
marked one of the most severe cyberattacks against Iran’s financial sector.
Blockchain analytics firm Chainalysis later reported that Nobitex had processed
$11 billion in crypto inflows, suggesting its central role in Iran’s digital
asset infrastructure.
Following Geopolitical Conflicts
The cyberattacks
occurred amid military tensions between Israel and Iran, where Israel carried
out several strikes on Iranian targets earlier. A ceasefire between the two countries later calmed the tension in the Middle East.
Official StatementNobitex Security Incident — June 18, 2025Earlier today, June 18, Nobitex identified unauthorized access to parts of its infrastructure, specifically affecting our internal communication systems and a portion of our hot wallet.Immediately upon detection, all…
— Nobitex | نوبیتکس (@nobitexmarket) June 18, 2025
In response
to the breach, Iranian authorities imposed operating hour limits on domestic
crypto exchanges, restricting services to between 10:00 AM and 8:00 PM. Nobitex said
it plans to gradually resume trading and deposit functions but did not provide
a specific timeline.
However,
despite the theft, security firm Cyvers earlier reported that the stolen assets had not yet been moved or converted into other cryptocurrencies.
This article was written by Jared Kirui at www.financemagnates.com.
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