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Wednesday, June 18, 2025

European Markets Wrap-Up: US MBA mortgage applications w.e. 13 June -2.6% vs +12.5% prior

US MBA mortgage applications w.e. 13 June -2.6% vs +12.5% prior

Market index 248.1 vs 254.6 prior Purchase index 165.8 vs 170.9 prior Refinance index 692.4 vs 707.4 prior 30-year mortgage rate 6.84% vs 6.93% prior... 

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Iran's Supreme Leader Khamenei: Israel made a huge mistake and will be punished for that

Israel made a huge mistake and will be punished for that. People will not forget the blood of 'martyrs' and the attack on their territory. They should know that Iran will not surrender and any US stri... 

"Long gold" remains the most crowded trade for the third month in a row

The BofA Global Fund Manager survey is always a nice snapshot of the current positioning and thinking in the markets. According to the latest survey, "long gold" remains the most crowded trade for the... 

Dollar keeps a touch lower so far in European morning trade

After a more defensive mood yesterday, broader markets are sensing some cautious optimism so far on the day. All eyes are staying on the Middle East, awaiting the potential for US intervention on the... 

Former Iran Economy Minister calls for control over the Strait of Hormuz for 100 days

The former Iranian Economy Minister, Ehsan Kahndouzi, shared on X what would be his plan to stop the US from joining the conflict and pressure for a diplomatic end to hostilities. He wrote: "Starting... 

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Latest Forex Orders

FX option expiries for 18 June 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being a relatively large one for EUR/USD at the 1.1500 level. As such, the expiries could play a role in acting as a magnet... 

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