3 Assets to Watch (June 29 - July 3): EURUSD+, Nike, and Bitcoin

Markets are starting the week with a slight sigh of relief.

The US and Iran have agreed to halt their latest strikes against one another, which had threatened an already strenuous ceasefire.

As markets stay vigilant over the shifting developments surrounding US-Iran peace talks ...

This week's scheduled events may also uncover massive trading opportunities across asset classes.

Key Events This Week

• Due this week: US Supreme Court decision on whether President Trump can fire Fed Governor Lisa Cook
• Tuesday, June 30: Germany June consumer price index (CPI) and unemployment; May retail sales
• Tuesday, June 30: Nike earnings (after US markets close)
• Wednesday, July 1: Eurozone June consumer price index (CPI) a.k.a. inflation
• Wednesday, July 1: Fed Chair Kevin Warsh speech
• Thursday, July 2: US nonfarm payrolls (NFP) a.k.a. US jobs report
• Friday, July 3: US markets closed

3 Assets to Watch (June 22-26)

1) EURUSD+ to hit new 1-year low?

Last week, the world’s most-traded currency pair fell below the 1.133 mark for the first time since end-May 2025!

The strengthening US dollar, in tandem with rising expectations for a Fed rate hike in 2026, has weighed down the Euro and other major currencies around the world.

Still, at the time of writing, EURUSD+ has rebounded to reclaim the psychological 1.140 level for the time being.

^{READ MORE (published April 10th): "Death Cross" Alert: EURUSD+}

Bloomberg’s FX model predicts a 77% chance that EURUSD trades between 1.13 - 1.152 between today till coming Monday (July 6th).

POTENTIAL SCENARIOS

• UPSIDE: EURUSD+ may extend its rebound off a 1-year low and potentially hit the 1.15 level if
• The US Supreme Court allows President Trump to oust Lisa Cook as Fed Governor, undermining the Fed’s independence and prompting markets to sell US assets
• Germany’s and the Eurozone’s inflation figures come in higher than market expectations, negating ECB President Christine Lagarde’s “dovish” comments recently
• Fed Chair Warsh stuns markets by walking back his “hawkish” comments during his mid-June, post-FOMC press conference, suggesting that the Fed is in no hurry to raise US interest rates
• The US nonfarm payrolls report shows a weakening US jobs market, which may prevent the Fed from raising interest rates this year

^{NOTE: A currency tends to rise at the thought of its interest rates moving higher.}

• DOWNSIDE: EURUSD+ may sink to a fresh 1-year low and touch the 1.13 psychologically-important mark if
• The US Supreme Court prevents President Trump from removing Lisa Cook as Fed Governor, upholding the Fed’s independence
• Germany’s and the Eurozone’s inflation figures come in below than market expectations, adding more weight to ECB President Christine Lagarde’s “dovish” comments recently
• Fed Chair Warsh doubles down on his “hawkish” comments during his mid-June, post-FOMC press conference, that the Fed remains focused on subduing US inflation risks by hiking US interest rates
• The US nonfarm payrolls report shows a resilient US jobs market, which may allow the Fed to hike US interest rates this year to cool down US inflation

^{NOTE: EURUSD+ prices fall on a stronger US dollar and/or weaker euro; EURUSD+ rises on a weaker US dollar and/or stronger euro}

2) Can Nike stocks recover from near-12 year low?

Last week, Nike stocks sank to their lowest levels since September 2014, though finding support around the psychologically-important $40 level.

After US markets close on Tuesday, June 30th, Nike is also set to release its earnings for its fiscal 4th quarter (FYQ4) - being the 3 months ending May 31st, 2026.

Just last week, the sportswear giant revealed that its upcoming FYQ4 results will be in line with estimates (during that same announcement, they also announced a new CFO, David Denton (recent Pfizer CFO).

Key items to watch: Is Nike’s turnaround on track?

This athletic footwear and apparel maker has seen its fortunes plummet, especially given ailing sales in China.

Markets are eager to find out if Nike’s FY2027 earnings is looking brighter, specifically around:

• Can Nike’s North America growth continue offsetting its slowdown in China?
• Will Nike announce WNBA star Caitlyn Clark’s first signature shoes?

Markets currently expect Nike’s share price to move 7.9% up/down the day after its earnings release.

POTENTIAL SCENARIOS:

• UPSIDE: Nike’s stocks could rebound and re-test its 50-day simple moving average (SMA) for resistance on optimistic commentary on either of those 2 key points above - China and/or Clark.
• DOWNSIDE: Nike stocks could be dragged to a true 12-year low around $37.50 (since June 2014) if investors still doubt the company’s ongoing turnaround will produce the desired results in the near future.

Still, Wall Street analysts surveyed by Bloomberg expect this stock to rise another 37% over the next 12 months.

3) Can Bitcoin hold on to $60k?

In recent sessions, prices of the world’s biggest and oldest cryptocurrency has dipped into sub-$60k levels on multiple occasions.

However, such forays have proved short-lived thus far, attracting some buy-the-dip action to shore up BTC around that psychologically-important mark.

Bitcoin has struggled to embark on a sustained recovery since the October 10th, 2025 liquidation event, despite its relative resilience amid the Iran war.

Looking ahead, crypto markets are struggling to find a catalyst for a major rebound, which has soured crypto sentiment of late:

• US-listed Bitcoin ETFs saw over US$ 1.3 billion in withdrawals last week, with BlackRock’s IBIT marking a 7th consecutive weekly outflow
• Such outflows have amounted to about US$ 4.5 billion so far in 2026
• The first week of June witnessed a 16% drop for Bitcoin - its biggest weekly drop since the FTX collapse in November 2022

Much of these declines were sparked by Strategy’s late-May BTC sales - albeit only a tiny amount was sold, along with the rising prospects of Fed rate hikes.

Such macro factors are likely to continue dictating Bitcoin’s performance over the near term.

POTENTIAL SCENARIOS

• UPSIDE: A recovery in risk-taking appetite, assuming markets are prompted to pare back their expectations for Fed rate hikes, could see BTC rebounding to meet its 21-day SMA for resistance.
• DOWNSIDE: Another hit to the gut for risk sentiment could see BTC move another leg lower towards the $56,500 region - a critical price region that previously supported BTC prices back in May-Aug 2024.

Don’t miss out!

Here are 5 reasons why our Market Pulse reports should not be missed:

Last week: Gold, Brent Oil, Micron, NAS100, and DJ30 respected our price targets and trade setups featured in recent Market Pulse reports.

DISCLAIMER:

This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.