Goldman cuts yen forecast to 165, among most bearish on Wall StreetASB backs RBNZ hold in JulyHong Kong pension fund to ease rules on gold ETF investment, source saysOil glut could weaken Iran's Hormuz leverage as stocks slowly refillAustralia TD-MI Inflation Gauge, June 2026: 32.9% y/y (vs. prior 4.4%)New Zealand data - ANZ commodity index rises as wool, aluminium lead year-on-year gainsPBOC sets USD/ CNY reference rate for today at 6.8066 (vs. estimate at 6.7850)Wall Street splits on gold as forecasts range from $4,800 to $6,000NZIER shadow board split as RBNZ rate call turns line-ball for JulyANZ expects RBNZ to hike OCR to 2.50% despite sharp oil price fallSamsung set for 18-fold profit jump as AI memory demand surgesIndian equities emerge as AI-hedge haven as global tech rally wobblesWeekend - Anthropic’s plans to buy 1.4GW of Aussie data centre capacity, worth $US15 bnYen intervention risk lingers as Japan eyes fragile calm into MondayIran explores oil sales to Japan as buyers seek longer sanctions waiverWeekend - China's Wang Yi seeks closer EU business ties ahead of summitUS futures are open for the new week's trade. Equities higher.Modi says India to keep expanding refining as West shuts capacityWeekend - Ships U-turn in Strait of Hormuz as Iran asserts control over routeWeekend - TotalEnergies CEO says Gulf producers discounting crude to clear stockpilesBank of Korea warns Samsung, SK Hynix leveraged ETFs risk volatilityWeekend - ECB's Moulin says bank in 'good position' as oil-driven inflation easesICYMI - ECB's Nagel says bank must stay vigilant but too early to call rate hikesWeekend - Iran to offer China special Hormuz fee terms, envoy says amid strait talksWeekend - Cargo ship attacked in Red Sea off Yemen as Houthi ceasefire holds shakilyOPEC+ approves further output hike as Hormuz exports recover, oil fallsRBNZ set to hike rates to 2.50% on July 8 as inflation persists, poll showsMonday open FX. Indicative rates 06 July 2026Newsquawk Week in Focus: FOMC Minutes, US ISM Services PMI, RBNZ, OPEC+ and ECB MinutesIs Nike stock a buy or sell after its recent tricky earnings report on 30 June '26? Summary::OPEC+ confirmed a fifth straight monthly output increase, with Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman all participating; crude little changed on the newsThe US dollar firmed broadly, with USD/JPY back near 161.80 and the euro, sterling, Aussie and Kiwi all softer against the greenbackRegional equities were mixed: the Kospi underperformed as chip stocks weighed, following a Bank of Korea warning over the weekend on single-stock leveraged ETFs tied to Samsung and SK HynixJapan's Nikkei slipped off its highs to trade lower on the session, while Hong Kong's Hang Seng held up better and Shanghai hovered near flatUS equity index futures gave up early gains through the sessionOPEC+ added to global supply for a fifth consecutive month, with Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman all taking part in the latest increase. The confirmation did little to move crude prices, which traded largely unchanged on the session, suggesting the market had already priced in the widely flagged decision.Currency markets saw the US dollar reassert itself, with USD/JPY tracking back toward 161.80 as the euro, sterling, Australian dollar and New Zealand dollar all lost ground against the greenback. The firmer dollar tone came against a backdrop of renewed scrutiny in South Korea, where the Kospi underperformed regional peers as chip stocks weighed following a weekend warning from the Bank of Korea. The central bank flagged that single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix, which together account for 55.3% of the Kospi's total market capitalisation and 63.5% of its trading value, could deepen market concentration and amplify volatility, with daily rebalancing mechanisms structurally magnifying price swings and threatening to widen retail investor losses in any downturn.Elsewhere in the region, Japan's Nikkei slipped off its earlier highs to trade lower on the day, while the Hang Seng in Hong Kong held up comparatively well and Shanghai's benchmark straddled the neutral line. US equity index futures, which had been supported in early trade, gave back those gains as the session progressed.Yen off to a shaky start to the week already. This article was written by Eamonn Sheridan at investinglive.com.