NordFX Weekly Forex Forecast: Quarter-End Flows — USD Funding, Gold, Oil and Crypto Before July
Q2 closes out on Tuesday, June 30, and quarter-end rebalancing is adding extra noise to an already jumpy market.
💵 USD: New Fed Chair Kevin Warsh held rates at 3.50%-3.75%, but the tone is hawkish — May 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’s first hike since 2023 — the 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 July.
✨ Gold: trading near $4,000–4,070/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 — dips still look buyable medium-term.
🛢️ Oil: WTI near $68–69, 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 — fresh talks just shifted to Doha, and one bad headline could flip it fast.
📉 Crypto: Bitcoin near $59,000–60,000, the weakest since 2024, hit by ETF outflows and rotation into AI stocks. Sentiment is deep in “extreme fear” — crypto is trading like a risk asset, not a hedge.
🌍 This week: watch the ISM PMI, the US jobs report, and any Doha headline — that’s what’s moving gold, oil and the dollar together right now.
Trade the volatility with tight spreads at NordFX: https://my.nordfx.com/en/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx
📊 NordFX Weekly Forex Forecast: Quarter-End Flows — USD Funding, Gold, Oil and Crypto Before July was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
You May Also Like
UK sets final crypto rules as firms face 2027 FCA authorization deadline
CME Group to launch Solana and XRP futures options in October
