BofA says it is maintaining a long USD bias
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US Challenger Job Cuts (Jun) 45.849K (Prev. 97.006K); cuts remain concentrated in tech, with AI continuing to reshape how companies think about headcount
[MARKET ANALYSIS] Energy benchmarks move lower as the indirect talks between the US and Iran get underway
BofA says it is maintaining a long USD bias
BofA says its Sell Side Indicator was unchanged at 56.2% in June, its highest since February 2025, as strategists kept equity allocations steady
[MARKET ANALYSIS] Fixed income benchmarks softer ahead of Fed Chair Warsh's appearance at Sintra
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- The bank says that DXY has formed a head-and-shoulders bottom and broken to new 52-week highs, with upside targets of 102.86 and 104.60
- Elsewhere, BofA remains bearish on EUR, and flags upside risks in USDJPY, USDCAD, USDKRW and USDTHB
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