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DXY Holds Above 101.50, Overbought RSI Points to Pullback Risk
The US Dollar Index (DXY) is trading near 101.50 in early European hours, but overbought RSI signals suggest a potential corrective decline.
Gold Falls Toward $4,000 on Strong USD, Fed Expectations
Gold has retreated toward $4,000 per ounce amid a broad market sell-off, pressured by a stronger US dollar and expectations of higher-for-longer Federal Reserve policy, according to ING analysts.
BOJ Signals Further Rate Hikes as Inflation Nears 2% Target
The Bank of Japan said it will likely continue raising interest rates as underlying inflation trends toward 2%, while monitoring Middle East developments, AI investment profitability, and overseas nonbank financial risks.
Oil Prices Slide as Hormuz Traffic Resumes Recovery
Crude oil prices continue to decline as shipping flows through the Strait of Hormuz begin to recover, signaling expectations of a quick normalization in regional transit.
RBA's Hauser: Inflation Still Too High, More Work Needed
Reserve Bank of Australia Deputy Governor Andrew Hauser stated that inflation remains far too high and the central bank still has work to do to bring it down.
EUR/GBP Tests 10-Month Lows Near 0.8610 as Risk Aversion Persists
The euro weakens against the pound for a fourth straight session, with EUR/GBP dropping to around 0.8610, its lowest level in ten months, amid continued risk-off market conditions.
Global Equity Selloff Deepens as Tech Drops 4%: Danske Bank
Danske Bank reports a sharp global equity selloff with technology stocks falling over 4%, while defensive sectors show resilience, indicating a rotation out of growth.
KB Home Q2 Earnings Meet Estimates, Down from Year Ago
KB Home reported Q2 earnings of $0.43 per share, in line with the Zacks Consensus Estimate, but down sharply from $1.50 per share a year ago.
NZD/USD Extends Losses to Six Days, Near 0.5655 on Hawkish Fed
The New Zealand Dollar weakened against the US Dollar for a sixth straight session, trading near 0.5655 in early European hours, pressured by a hawkish Federal Reserve stance.
Israel and Lebanon in Talks on US-Backed Troop Withdrawal Pilot Project
Three Israeli officials report that Israel and Lebanon are negotiating a US-supported pilot project for Israeli troop withdrawal from parts of southern Lebanon, with handover to Lebanese forces.
New Car Registrations Rise in Most CEE Countries
Year-to-date car registrations in Central and Eastern Europe increased through May, with most countries showing growth. Romania and Slovakia were the exceptions, where registrations did not rise.
Riksbank Minutes Expected to Show Split Among Board Members
Sweden's Riksbank will release minutes today after leaving the policy rate at 1.75% and raising the rate path. The board was divided in May, and the minutes are expected to confirm a continued split.
Bessent Comments on FX as Japan Reviews Reserves, PBOC Advisor Hints at Rate Cuts
Bessent discussed FX conditions as Japan evaluates its reserves management. A PBOC advisor signaled possible rate cuts, while Asian tech stocks saw volatility, especially in South Korea.
RBI Sells Dollars via State Banks to Support Rupee
The Reserve Bank of India is reportedly selling US dollars through state-run banks to curb excessive volatility and support the rupee, according to traders.
Indian Rupee Slides Further as Hawkish Fed Bets Strengthen
The Indian Rupee opened lower against the US Dollar on Wednesday, with the USD/INR pair extending gains as expectations of a hawkish Federal Reserve policy remain firm.
Silver Drops to Six-Month Low Near $60.74 on Hawkish Fed Bets
Silver (XAG/USD) fell to a fresh six-month low at $60.74 during Asian trading as traders increase bets on at least two interest rate cuts by the Federal Reserve.
AUD/JPY Slides Below 112 on Intervention Fears, Bearish Bias Below 100-Day SMA
The AUD/JPY cross fell to around 111.70 in early European trading as the Japanese yen strengthened on heightened intervention concerns, keeping the pair bearish below its 100-day SMA.
South Korea's KOSPI Surges 3.7% in Strong Rally
South Korea's benchmark KOSPI index surged 3.7%, reflecting strong investor optimism and improved risk appetite.
AUD/USD Struggles Near April Lows, Bears Eye 0.6900 Break
AUD/USD extends its decline for a third straight day, slipping to a fresh low since April 7 as bears target a break below the 0.6900 level.
Exxon Mobil (XOM) Elliott Wave Analysis Points to Further Downside
Elliott Wave analysis suggests Exxon Mobil's bearish cycle from the March 30, 2026 high remains incomplete, with potential for further declines toward the 100%–161.8% Fibonacci extension zone.
Euro Falls Below 1.14, Dollar Index Targets 101.5
The euro has broken below 1.1400 against the dollar, with potential for further decline toward 1.1300. The dollar index needs to break above 101.5 to sustain upward momentum.
EUR/USD Hits One-Year Low, Eyes 1.1350 as USD Strength Persists
The euro extended its slide against the dollar, dropping to a fresh one-year low during Asian trading. The pair now targets the 1.1350 level as a sustained bullish dollar offsets an oversold RSI reading.
Gold slides to two-week low near $4,050 as Fed rate hike bets lift dollar
Gold (XAU/USD) fell to a nearly two-week low around $4,050 during Asian trading, extending declines as expectations of further Federal Reserve rate hikes strengthened the US dollar.
Swiss Franc Slips to Seven-Month Low as USD/CHF Hits 0.8107
USD/CHF extended its rally for a sixth straight session, climbing to a seven-month high of 0.8107 during Asian trading on Wednesday as a stronger US dollar weighed on the Swiss franc amid ongoing Middle East tensions.