Market news
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Silver Price Forecast: XAG/USD Could Rebound Toward $67.00 Amid Bullish Reversal Pattern
XAG/USD edged lower but is forming a falling wedge pattern on the daily chart, signaling a potential bullish reversal around the $67.00 level.
ECB's Nagel: All Options Open for July After Rate Hike
ECB Governing Council member Joachim Nagel stated that the central bank is keeping all options open for the July meeting, explaining that the recent rate hike was necessary due to the indirect effects of high energy prices.
ECB Hikes Rates 25 Bps with Hawkish Tone, US Yields Drop Sharply
The ECB raised rates by 25 basis points and hinted at further tightening, while US Treasury yields declined sharply in early trading.
GBP/USD Stays Capped Below 100-Day SMA Ahead of UK GDP Data
GBP/USD trades flat near 1.3415 as traders await UK monthly GDP data. The pair remains capped below the key 100-day simple moving average.
AUD/JPY edges higher to 112.80 as peace hopes boost risk sentiment
AUD/JPY rose to around 112.80 in early European trading on Friday, supported by optimism over a potential Middle East peace deal. The pair remains in a bullish structure despite fading upside momentum.
RBA to Hold Cash Rate at 4.35% on June 16 – Reuters Poll
A Reuters poll shows that 42 of 45 economists expect the Reserve Bank of Australia to keep its official cash rate unchanged at 4.35% at its June 16 meeting, pausing after three consecutive hikes.
USD/JPY rises past 160.00 on Mideast tensions, yen weakens
The USD/JPY pair climbed further beyond 160.00 during Asian trading on Friday, moving away from a one-week low as escalating Middle East tensions undermined the Japanese yen.
Indonesian Rupiah Declines as US-Iran Military Tensions Rise
The Indonesian rupiah weakened against the US dollar, with USD/IDR trading around 17,950 during Asian hours on Friday. Renewed military friction between the US and Iran boosted safe-haven demand for the greenback.
Gold Weakens as Iran Deal Uncertainty and Hawkish Fed Support USD
Gold (XAU/USD) stalled its recovery from multi-month lows after a brief Asian session uptick to the $4,246-$4,247 region, pressured by geopolitical uncertainty and a firm US dollar.
EUR/USD Trades Lower, Needs 20-Day SMA Break for Recovery
EUR/USD slipped to 1.1567 during European trade on Friday as the US dollar rebounded slightly. Analysts note that a sustained recovery would require a break above the 20-day simple moving average.
US Dollar Index Rises Above 99.50 on Middle East Tensions, Hot PPI
The US Dollar Index (DXY) trades near 99.80 during Asian hours on Friday, buoyed by escalating Middle East uncertainty and stronger-than-expected US PPI data.
EUR/JPY Holds Gains Near 185.50, Bullish Bias Prevails
EUR/JPY traded around 185.40 during Asian hours on Friday, maintaining a constructive bullish bias after minor losses the previous day. The cross remains above both the 9-day and 50-day exponential moving averages.
NZD/USD Slides Toward 0.5800 as Iran Risks Bolster USD, Offset Hawkish RBNZ
The New Zealand dollar weakened against the US dollar on Friday, approaching the 0.5800 level as safe-haven demand from Iran-related tensions lifted the greenback, countering the Reserve Bank of New Zealand's hawkish stance.
AUD/USD Dips Below 0.7050 as US PPI Boosts Dollar
The Australian Dollar weakened against the US Dollar after US wholesale prices rose more than expected, pushing AUD/USD to around 0.7030 during Asian trading.
Canadian Dollar Weakens as USD/CAD Extends Gains to 1.3980
USD/CAD rose to 1.3980 during Asian hours on Friday, extending gains for a second day as the Canadian Dollar weakened despite easing risk aversion. However, resistance may emerge if the US Dollar is sidelined by geopolitical developments.
Japan's Katayama: No Impact on BoJ Policy Meeting Despite Ueda's Hospitalization
Japan's Finance Minister Satsuki Katayama stated that the Bank of Japan's monetary policy meeting scheduled for June 15-16 will proceed as planned, even though Governor Kazuo Ueda is hospitalized with a liver infection.
PBOC sets USD/CNY reference rate at 6.8109, lower than previous fix
The People's Bank of China set the USD/CNY central parity rate at 6.8109 on Friday, down from 6.8150 the previous day.
GBP/USD Eases from Weekly High as Iran Risks Weigh, UK Data Ahead
The British pound retreated from its weekly peak against the US dollar during Asian trading, pressured by escalating Iran tensions and anticipation of upcoming UK economic data.
USD/JPY Rises as Hot US PPI Boosts Dollar
USD/JPY rose to near 160.25 in early Asian trading on Friday, supported by hotter-than-expected US PPI data which strengthened the US Dollar against the Japanese Yen.
Euro Strengthens After ECB Hikes Rates for First Time Since 2023
The euro rose against the dollar to around 1.1575 on Friday after the European Central Bank raised interest rates for the first time since 2023, with improved risk sentiment also supporting the move.
Gold Rebounds from 6-Month Low as Trump Cancels Iran Strikes
Gold prices rose near $4,240 during early European trading Friday, recovering from a six-month low after US President Trump canceled planned military strikes on Iran, boosting hopes for a truce deal.
GBP/JPY Consolidates Near 214.70 as Intervention Worries Cap Upside
The Pound Sterling ended Thursday almost flat near 214.70, with market sentiment improving after US President Donald Trump cancelled attacks and hinted at a possible deal. However, intervention concerns continue to limit further gains in GBP/JPY.
British Pound Rallies on US-Iran De-escalation
Sterling recovers sharply after President Trump cancels planned strikes on Iran, triggering a risk-on rally that lifts the pound from intraday lows.
Yen Strengthens as War Cancelation Spurs USD/JPY Drop
USD/JPY traded around 160.50 until a geopolitical development—the cancellation of a war—caused the yen to rally without any intervention from Tokyo.