The Singapore Manufacturing Purchasing Managers’ Index (PMI) for June is at 50, up from 49.7. This suggests that the manufacturing sector is moving into expansion. In the forex market, EUR/USD is stabilizing near 1.1700. At the same time, GBP/USD remains strong above 1.3700, supported by a weaker US Dollar. Gold prices are slowly rising but lack strong momentum, staying below $3,350. Bitcoin Cash has increased by 2%, following a previous rise of 6.39% as it approaches the $500 mark.

Tensions In The Middle East

Tensions in the Middle East are raising concerns about potential disruptions in oil transportation through the Strait of Hormuz. A possible blockade could impact global oil supplies amid the ongoing conflict between Israel and Iran. Traders of EUR/USD can find various brokers offering competitive services, which helps both new and experienced traders navigate the changing Forex market in 2025. The increase in Singapore’s Manufacturing PMI to 50 indicates a small expansion after a previous period of stagnation. This shift slightly supports commodity-linked currencies and outlooks tied to Asian industrial demand, at least in the short term. While there’s no strong signal for direction, there could be a gentle boost for growth-sensitive assets in the region.

Currency Market Analysis

In the major currency market, the euro is hovering around the lower end of the 1.17 range with little direction. This stabilization suggests that the market has already factored in near-term monetary expectations in Europe. There isn’t much momentum, so we may see range-bound conditions unless significant macroeconomic news disrupts this calm. In the next couple of weeks, modest economic reports from the euro area are unlikely to significantly influence market sentiment. The British pound is stronger above 1.3700 as the US Dollar weakens. However, the sustainability of this trend relies more on US yield behavior than domestic factors. Chairman Powell’s recent remarks have been seen as cautiously reserved rather than outright dovish. Upcoming CPI readings could provide clearer insights into the Fed’s long-term strategy. Be prepared for volatility around these reports, especially if inflation remains persistent in services or housing. If that occurs, risk assets might decline, and the US Dollar could rebound, putting pressure on GBP longs. Gold is struggling to rise above $3,350, with conflicting factors affecting its direction. Real yields are not stable enough, and without significant USD weakness or geopolitical tensions, gold lacks momentum. The market isn’t keen on aggressively adding positions unless something major occurs globally. Although there’s moderate buying interest, it isn’t strong. Cryptocurrencies are still showing strength, with Bitcoin Cash gaining, reflecting speculative interest despite ongoing uncertainties. Its recent 2% rise follows a previous notable increase, but it may face resistance above $500 unless Bitcoin itself shows clearer direction. This rise isn’t driven by fear—it’s more about loosely connected capital flows looking for momentum. Concerns about oil risks are increasing, particularly regarding the Strait of Hormuz. Disruptions in this crucial route could cause sudden price spikes if tensions rise. For those involved in energy-sensitive derivatives, options trading could provide a hedge without taking on too much risk. The escalating Iran-Israel conflict not only raises supply concerns but also impacts broader risk pricing, affecting inflation-sensitive contracts and related commodity currencies. For trading EUR/USD and similar pairs, having access to a wide range of brokers enhances execution. With markets currently trading in tight ranges, you should focus on tactical rather than thematic decision-making. There’s no rush to chase breakouts—being patient and adhering to stricter entry levels may yield better results. These markets are waiting for a trigger, and when it comes, it likely won’t be subtle. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now