Market news
Crypto, stocks, forex and macro, aggregated for traders.
TD Securities: USD Uptrend Intact into FOMC Despite UK CPI Softness
TD Securities strategists note that a softer UK core CPI print initially weakened the USD, but they expect the broader uptrend to hold into next week's FOMC meeting.
Gold and US Dollar Slide After June US Inflation Data
Both gold and the US dollar declined across most pairs following the release of June 10 US inflation figures that largely met consensus. Traders also focused on renewed tensions between the US and Iran.
Bank of Canada Holds Rate at 2.25% as Recession Fears Persist: Rabobank
Rabobank analysts note the Bank of Canada kept its overnight rate unchanged at 2.25% in June, citing ongoing recession risks and elevated inflation from high energy prices.
BBH: EUR/USD Faces Downside Risk Ahead of ECB Hike
Brown Brothers Harriman’s Elias Haddad warns that EUR/USD is trading defensively near 1.1530 ahead of an expected 25 bps ECB rate hike to 2.25%, with updated projections likely being downgraded.
ECB Set for First Rate Hike in Three Years, Geopolitical Risks Mount
The ECB is reportedly preparing to begin tightening monetary policy for the first time in three years, while US exchanges launched a second consecutive night of strikes on Iran and SpaceX IPO is said to be imminent.
EUR/JPY Flat Near 185.20 as ECB Guidance and Intervention Fears Cap Gains
EUR/JPY trades flat around 185.20 as traders await ECB guidance and remain cautious over potential intervention.
Silver Rises 1.05% to $64.05 per Troy Ounce
Silver prices rose on Thursday, trading at $64.05 per troy ounce, up 1.05% from the previous $63.39.
WTI Dips to Near $87.50 as US-Iran Talks Continue
West Texas Intermediate oil price declined to around $87.60 per barrel during European trading, paring recent gains as US-Iran talks remain intact.
USD/CAD Rallies to 1.3970, Fresh High Since November 2025 on Oil Slump
The USD/CAD pair rallied to 1.3970, a fresh high since November 2025, driven by a slump in oil prices.
EUR/USD Tests Support Ahead of ECB Meeting, Societe Generale Warns
Societe Generale strategists note EUR/USD remains under pressure after slipping below its 200-day moving average in May, with the pair now testing support near two-month lows ahead of the ECB decision.
ECB Set to Hike as US-Iran Tensions De-escalate
The European Central Bank is expected to raise interest rates while the US has completed strikes against Iran. Traders are cautiously optimistic that the recent escalation in the Middle East may be over, though the ceasefire remains fragile.
Silver Rebounds from 2.5-Month Low as US-Iran Talks Ease Tensions
Silver (XAG/USD) recovered to $64.50 on Thursday after hitting a two-and-a-half-month low of $61.50 earlier in the day, supported by news of ongoing US-Iran negotiations that calmed market fears. Despite the bounce, bears remain in control.
BoC Holds Rate at 2.25%, Stresses Flexibility on Energy and Trade Risks
Deutsche Bank notes the Bank of Canada left its policy rate unchanged at 2.25% but stressed flexibility, with Governor Macklem indicating that sustained higher energy prices could require rate hikes while US trade restrictions might justify cuts.
USD/CHF Eyes 0.8000 Barrier as Ascending Channel Persists
USD/CHF pauses its four-day winning streak near 0.7990 during European trading, with technicals pointing to a bullish bias as the pair moves within an ascending channel.
USD/JPY Reaches 160.52, Highest Since July 2024
The USD/JPY pair climbed to 160.52 on Thursday, its strongest level in over a year, as the yen continues to weaken despite an acceleration in Japan's producer price index.
Euro Hesitates Near Lows Against British Pound as ECB Stays in Focus
The Euro is consolidating nervously near two-week lows against the British Pound around 0.8625, with market attention on the European Central Bank.
Yen Upside Limited as Flows Deteriorate – BNY
BNY's Geoff Yu notes that USD/JPY has broken above 160.00 with only a muted response from Japanese authorities, while cross-border flows into Japanese assets continue to deteriorate.
USD/JPY Hovers Near Intervention Level at 160.50
The USD/JPY pair is trading flat near 160.50 during the European session on Thursday, as markets remain cautious over potential FX intervention by Tokyo to support the yen.
GBP/JPY Extends Gains for Fourth Day Amid Mideast Risks
GBP/JPY rose for the fourth consecutive day, recovering from an intraday dip to the 214.35-214.30 region, as Middle East tensions overshadowed intervention fears.
NZD/USD Drops Below 0.5800 Ahead of US PPI Data
The New Zealand Dollar weakened against the US Dollar, trading near 0.5795, as renewed US-Iran tensions weighed on risk sentiment ahead of the US Producer Price Index release.
ECB Outlook Caps EUR/USD Upside – Commerzbank
Commerzbank’s Michael Pfister says the ECB’s expected rate hike is already priced into EUR/USD and doubts President Lagarde will commit to multiple hikes, while cooling oil prices and softer inflation further limit upside.
AUD/USD Holds Above 61.8% Fibo Support at 0.7000 After Soft US CPI
The AUD/USD pair edged higher to near 0.7007 during European trading on Thursday, finding support above the 61.8% Fibonacci retracement level at 0.7000. Gains came as the US dollar weakened following softer-than-expected US CPI data.
Silver Rises to Near $64 on US-Iran Ceasefire Hopes
Silver (XAG/USD) recovered early losses to trade near $64.10 during early European trading on Thursday, supported by expectations that the US-Iran April ceasefire will hold despite recent attacks.
GBP/USD Targets 1.3400 as Dollar Weakens, Stays Below Weekly High
GBP/USD edged higher on Tuesday, attracting dip-buyers near 1.3385 as the US dollar showed modest weakness, though the pair remains below its weekly high of 1.3425.