Market news
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AUD/JPY Strengthens Above 113.00 on Hawkish RBA Stance
The AUD/JPY cross rose above 113.00 during early European trading, supported by the Reserve Bank of Australia's hawkish policy stance.
Gold Slips to March Low Near $4,300 as USD Strengthens on Fed Hike Bets
Gold (XAU/USD) fell to its lowest since March 23, near $4,300, as a stronger US dollar on geopolitical tensions and Federal Reserve rate hike expectations weighed on the precious metal.
Euro May Bounce Back Above 1.1500 After USD Rally Stalls
The US Dollar Index surged to 100.109 after stronger-than-expected NFP data (172k) raised Fed rate hike odds, but a pullback between 100.10 and 100.50 is expected. EUR/USD could recover while holding above 1.1500.
Gold Nears Three-Month Low at $4,300 Amid Renewed Mideast Tensions and Hawkish Fed
XAU/USD hovers near a three-month low of $4,300 in Asian trade as escalating Middle East hostilities and a hawkish Federal Reserve weigh on the precious metal, with further downside risks remaining.
EUR/JPY Rebounds from Triangle Bottom, Trades Near 185.00
EUR/JPY recovered from the lower boundary of a triangle pattern and is trading around 184.90 during Asian hours, following a gain of over 0.5% in the previous session.
AUD/USD Flat Around Mid-0.7000s, Vulnerable Below 100-Day SMA
The AUD/USD pair attracts some buyers after hitting a nearly two-month low near 0.7025, but remains flat around the mid-0.7000s and appears vulnerable below the 100-day SMA.
US Dollar Index Holds Steady Near 100.00 on Middle East Tensions, Fed Hike Bets
The US Dollar Index (DXY) trades near 100.10 during Asian hours, supported by heightened Middle East tensions and increased expectations for further Federal Reserve rate hikes.
Silver Price Drops to Near $67.70 on Middle East Tensions
Silver (XAG/USD) declined for a second consecutive day, trading near $67.70 per troy ounce during Asian hours, as escalating Middle East tensions boosted oil prices and reignited inflation and interest-rate worries.
Canadian Dollar Hits Fresh Low Since Late March Despite Oil Rally
USD/CAD touched a new high since late March during Asian trading on Monday, as the Canadian dollar weakened even as oil prices rallied.
EUR/USD Breaks Below Contracting Triangle, Bearish Signs
EUR/USD slipped below a contracting triangle pattern with support at 1.1595 on the 4-hour chart, showing bearish signals as it trades under the 100- and 200-period simple moving averages.
NZD/USD rebounds to near 0.5800 as risk aversion eases
The New Zealand Dollar recovers from previous losses, trading around 0.5810 during Asian hours on Monday, as the US Dollar softens amid easing risk aversion after Trump criticized Israeli strikes.
EUR/USD Rises Above 1.1500 on ECB Rate Hike Expectations
The euro edged higher past 1.1500 early Monday, supported by bets on further ECB rate hikes, but gains may be limited by escalating Middle East tensions.
PBOC Sets USD/CNY Fix at 6.8198, Weaker vs. Previous 6.8157
The People’s Bank of China set the USD/CNY central parity rate at 6.8198 on Monday, weaker than Friday's fix of 6.8157.
GBP/USD Edges Higher from Three-Week Low as Dollar Rally Pauses
The British pound recovered slightly from a three-week low against the US dollar on Monday, climbing into the mid-1.3300s as the dollar rally took a breather.
USD/JPY Holds Above 160.00 After Japan Q1 GDP Data
USD/JPY trades near 160.30 during Asian hours Monday, holding above the key 160.00 level after Japan's Q1 GDP data. Market participants remain alert to potential government intervention.
AUD/USD Falls to 0.7035 on Middle East Tensions, Strong US Jobs Data
The AUD/USD pair weakened to near 0.7035 in early Asian trading as escalating Middle East tensions and a stronger-than-expected US jobs report boosted demand for the US dollar.
EUR/USD Technical Indicators Signal Bearish Shift Toward 1.1300
EUR/USD faces a bearish shift as multiple technical indicators align to target the 1.1300 level.
Gold Breaks Down as US Jobs Data Crushes Support
Strong US payrolls for May – 172K vs 85K expected, with upward revisions – sent gold tumbling as the dollar and yields surged, turning prior support into resistance.
Sound Money Advocate Challenges Link Between Dollar Dominance and Militarism
A post argues that the common belief tying the U.S. dollar's global dominance to American military power is a mistaken argument against returning to sound money.
Top Broker Spreads on EURUSD, GBPUSD, USDJPY, Gold Compared
A new analysis ranks major forex and gold brokers by spreads, comparing EURUSD, GBPUSD, USDJPY, and Gold side-by-side, with a deep dive into 'zero-spread' offers and fine print.
Candlestick Patterns Require Location Context, Analyst Says
Ian Coleman of FXStreet argues that traders often misinterpret candlestick patterns because they ignore the specific location where the pattern forms, leading to false signals.
UOB: BSP Tightening Path Supports Philippine Peso
UOB economists note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted toward further tightening and supporting the peso.
NZD/USD Hits Two-Month Low After Strong US Jobs Report
The New Zealand Dollar dropped to its lowest level in two months against the US dollar following a better-than-expected US Nonfarm Payrolls report, with the pair falling toward the 0.5790 region.
USD/KRW Breaks Above 1530 as Semiconductor Weakness Weighs on Won
DBS Group Research notes that USD/KRW has surpassed 1530, pressured by declining semiconductor stocks. The South Korean Won faces headwinds from sector weakness.