Market news
Crypto, stocks, forex and macro, aggregated for traders.
Silver Rises on US-Iran Diplomatic Progress, Upside Capped by Hawkish Fed
Silver (XAG/USD) edged higher on Monday, snapping a three-day losing streak, as diplomatic progress between the US and Iran boosted investor interest, though gains were limited by a hawkish Federal Reserve outlook.
BoC Holds Steady as Core Inflation Stays Contained Despite Headline Rise
National Bank of Canada analysts note that headline inflation rose to 3.2% in May, but the Bank of Canada remains patient due to contained core inflation. Gasoline and food drove the increase.
Deutsche Bank: Sterling Risk Premium Already Priced In Ahead of UK Leadership Shift
Deutsche Bank notes that markets have largely anticipated a change in UK leadership, leaving the risk premium on sterling already priced in ahead of the Autumn Budget.
Canada Inflation Hits 3.2% in May on Energy, Airfares, Food – RBC
Canadian consumer price inflation rose to 3.2% year-over-year in May, driven by higher energy costs, airfares, and food, according to RBC economist Abbey Xu.
USD/CAD Holds Near April Highs Despite Stronger Canadian CPI
The Canadian Dollar failed to rally on stronger-than-expected inflation data, leaving USD/CAD little changed near 1.4165, its highest since April.
Lagarde: No Evidence of Inflation De-anchoring to Warrant Stronger ECB Action
ECB President Christine Lagarde said Monday that there is no evidence of inflation expectations becoming unanchored, which would require a more aggressive policy response, despite geopolitical uncertainties.
Sterling Vulnerable to Dollar Path – SocGen
Societe Generale's Kit Juckes says UK political change has only modestly weakened GBP, with EUR/GBP expected to rise 1-2% and GBP/USD likely to test 1.30.
ING: Fedspeak and Hormuz Risks to Drive USD This Week
ING analyst Francesco Pesole says Federal Reserve commentary and developments around the Strait of Hormuz will be the main drivers for the US dollar this week, with front-end rates remaining a key focus.
EUR/USD Bounces from 1.1417, Holds Strength After Holiday Weekend
EUR/USD slipped on Friday but rebounded, showing renewed strength after several days of weakness. The bounce from the 1.1417 area was expected and appears to be holding into Monday.
Gold Edges Higher on US-Iran Talks Progress, Fed Rate Hike Bets Cap Gains
Gold (XAU/USD) edged higher on Monday as US and Iran held their first direct talks in Switzerland, but gains were limited by expectations of further Fed rate hikes.
Canada CPI Rises to 3.2% in May, Beating Expectations
Canada's annual inflation rate accelerated to 3.2% in May, exceeding market forecasts and accelerating from April's 2.8% increase.
BNY's Yu: Starmer Resignation, Burnham Appointment Priced Into Pound
BNY's Geoff Yu notes that the resignation of Sir Keir Starmer and the likely appointment of Andy Burnham as UK Prime Minister are already priced into the British Pound.
GBP/USD Exhibits Bearish Bias Ahead of UK PM Resignation
The GBP/USD chart was already exhibiting bearish signals before the news of a UK Prime Minister resignation broke, indicating a two-timeframe problem.
ING Analyst: EUR/USD May Test 1.140 Before Recovery
ING's Francesco Pesole warns that EUR/USD could dip to 1.140 as lingering post-Fed dollar strength persists before any renewed upward momentum emerges.
Canadian Dollar Weakens Ahead of May CPI Data
The Canadian Dollar is trading lower against major peers on Monday, as markets await May Consumer Price Index data due at 12:30 GMT.
Japanese Yen Dips as Fed Hike Bets, Iran Tensions Lift USD/JPY
The US Dollar strengthens against the Japanese Yen, pushing USD/JPY toward 161.70, driven by renewed risk aversion from Middle East tensions and stronger Fed tightening expectations.
GBP/USD Bears Face Headwinds Near 2026 Low After UK PM Resignation
GBP/USD remains near its 2026 low of 1.3159, with support at 1.3163, as the UK Prime Minister's resignation adds uncertainty. Bears are encountering stronger headwinds, suggesting a potential pause or reversal.
AUD/USD Could Drop to 0.6900 If It Breaks Below 0.6980
The Australian Dollar is trading slightly lower near 0.7003 against the US Dollar. A break below the 0.6980 support level could trigger a slide to 0.6900.
UK PM Starmer Steps Down, Pound Jumps Against Yen
The British Pound surged past 214.00 against the Japanese Yen after Keir Starmer resigned as UK Prime Minister, boosting Sterling across the board.
EUR/GBP slides as UK PM Starmer resignation boosts pound
The Euro weakened against the British Pound on Monday after UK Prime Minister Keir Starmer stepped down, with market sentiment favoring the GBP.
BoJ Hike Fails to Boost Japanese Yen, OCBC Says
OCBC strategists note that the Bank of Japan's 25 basis point rate hike to 1.0% and confirmation of tapering ending in 2027 have not materially supported the Japanese Yen.
Euro Gains on Eurozone PMI and Lagarde Speeches; Yen Stays Pressured
EUR/JPY advances toward 185.30 on Monday, gaining 0.16%, as markets await Eurozone PMI data and speeches from ECB President Lagarde.
Gold Dips as Hawkish Fed, Geopolitical Risks Weigh
Gold (XAUUSD) remains under pressure as markets factor in further Federal Reserve tightening and ongoing geopolitical tensions, supporting the dollar.
GBP Rises Above 1.3200 on Starmer Resignation News
The British Pound climbed past 1.3200 against the US Dollar on Monday, maintaining a mild positive tone despite reports that Prime Minister Keir Starmer resigned.