Q2 closes out on Tuesday, June 30, and quarter-end rebalancing is adding extra noise to an already jumpy\u00a0market.<\/p>\n
\ud83d\udcb5 USD: New Fed Chair Kevin Warsh held rates at 3.50%-3.75%, but the tone is hawkish\u200a\u2014\u200aMay inflation hit 4.1%, and markets now price nearly three rate hikes this year. The Dollar Index hit a 13-month high above 101.80. EUR\/USD sits near 1.14 despite the ECB\u2019s first hike since 2023\u200a\u2014\u200athe rate gap is just too wide. Expect short-term USD funding to tighten into Tuesday as dealers do their usual quarter-end repo shuffle, then ease into\u00a0July.<\/p>\n
\u2728 Gold: trading near $4,000\u20134,070\/oz, down for a 4th straight week on the strong dollar, though still up over 20% year-on-year. Central banks bought near-record amounts in Q1, and almost 90% plan to keep adding\u200a\u2014\u200adips still look buyable medium-term.<\/p>\n
\ud83d\udee2\ufe0f Oil: WTI near $68\u201369, Brent near $72, the lowest since before the Iran conflict, as Gulf supply and Hormuz shipping recover. Crude is down over 20% in four weeks, but the truce is fragile\u200a\u2014\u200afresh talks just shifted to Doha, and one bad headline could flip it\u00a0fast.<\/p>\n
\ud83d\udcc9 Crypto: Bitcoin near $59,000\u201360,000, the weakest since 2024, hit by ETF outflows and rotation into AI stocks. Sentiment is deep in \u201cextreme fear\u201d\u200a\u2014\u200acrypto is trading like a risk asset, not a\u00a0hedge.<\/p>\n
\ud83c\udf0d This week: watch the ISM PMI, the US jobs report, and any Doha headline\u200a\u2014\u200athat\u2019s what\u2019s moving gold, oil and the dollar together right\u00a0now.<\/p>\n
Trade the volatility with tight spreads at NordFX: https:\/\/my.nordfx.com\/en\/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx<\/a><\/p>\n \ud83d\udcca NordFX Weekly Forex Forecast: Quarter-End Flows \u2014 USD Funding, Gold, Oil and Crypto Before July<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Q2 closes out on Tuesday, June 30, and quarter-end rebalancing is adding extra noise to an already jumpy\u00a0market. \ud83d\udcb5 USD: New Fed Chair Kevin Warsh held rates at 3.50%-3.75%, but the tone is hawkish\u200a\u2014\u200aMay inflation hit 4.1%, and markets now price nearly three rate hikes this year. The Dollar Index hit a 13-month high above […]<\/p>\n","protected":false},"author":0,"featured_media":189334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-189333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/189333"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=189333"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/189333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/189334"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=189333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=189333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=189333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}