Market news
Crypto, stocks, forex and macro, aggregated for traders.
Japanese Yen Stays Weak Despite Wholesale Inflation Surge in May
The Japanese Yen remains under pressure against the US dollar even after a sharp acceleration in wholesale inflation for May, keeping USD/JPY near the 160.40 level.
BoJ Expected to Raise Rate to 1.0% in June, Poll Shows
A Reuters poll indicates roughly two-thirds of economists anticipate the Bank of Japan will hike its policy rate to 1.50% by Q2 next year, an earlier-than-previously-expected timeline.
EUR/USD Eyes 1.16-1.17 as Dollar Weakness Expected
EUR/USD has scope to test 1.1600-1.1700 while above 1.1500, as the Dollar index may dip to 99.5-99. Meanwhile, EUR/INR is bearish below 111, EUR/JPY could test 186 above 185, USD/JPY remains in a slow uptrend, and USD/CNY is bearish toward 6.76/75.
EUR/JPY Holds Above 185.00 on ECB Rate Hike Expectations
The EUR/JPY cross strengthened to near 185.20 in early European trading on Wednesday, supported by expectations that the ECB will raise rates at its June policy meeting.
AUD/USD Consolidates Above 0.7000, Bearish Potential Intact
AUD/USD trades in a narrow range during the Asian session after mixed Australian inflation data, with bearish potential still intact as it hovers above the 0.7000 two-month low.
US CPI Expected to Show Inflation at Three-Year High in May
The May CPI report is expected to reveal consumer inflation at a three-year high, driven by persistent oil prices, reinforcing the Federal Reserve's hawkish stance.
Gold Plummets Below $4,200 on US-Iran Tensions, Hawkish Rate Bets
Gold extends losses below the 200-day SMA, hitting a fresh low since March 23 as rising geopolitical tensions and hawkish rate expectations ahead of US CPI weigh on the precious metal.
Crypto Roundup: AI Bubble Warning, Circle cirBTC, SBI Rewards
A roundup of the past 24 hours: Arthur Hayes warns on AI bubble, Circle launches cirBTC on Ethereum, Japan's SBI Shinsei Bank offers crypto rewards, and U.S. stocks lost nearly $2 trillion.
Gold Price Forecast: XAU/USD Falls Below $4,200, Eyes $4,100 Ahead of US CPI
Gold extends its decline to a second day, dropping to three-month lows below $4,200 as traders focus on the upcoming US CPI data and escalating US-Iran tensions.
EUR/USD Trades Flat Near 1.1545 Ahead of US CPI Data
The EUR/USD pair is trading in a tight range around 1.1545 during the Asian session on Wednesday, as the dollar steadies before the release of US May CPI data at 12:30 GMT.
USD/CHF Gains for Fourth Day as Safe-Haven Demand Boosts Dollar
USD/CHF extended its gains for the fourth consecutive session, trading around 0.7990 during Asian hours on Wednesday, as renewed Middle East concerns bolster safe-haven demand for the US Dollar.
US Dollar Index Holds Near 100.00 as Middle East Tensions Rise
The US Dollar Index (DXY) is trading near the 100.00 mark during Asian hours, supported by rising Middle East tensions.
Iran Launches Ballistic Missiles and Drones at US Bases in Bahrain, Kuwait, Jordan
A wave of attacks involving at least four ballistic missiles and several drones targeted U.S. bases in Bahrain, Kuwait, and Jordan, according to Axios reporter Barak Ravid.
Silver Bears Retain Control Near March Lows Below $64.50
Silver (XAG/USD) extended its decline for a second consecutive day, dropping to its lowest since March 23 as sellers remain firmly in control below the $64.50 level.
Ondo Perps Launches Public Beta for Equity Perpetual Futures with 20x Leverage
Ondo Perps has launched the public beta of its equity perpetual futures platform, offering select traders up to 20x leverage and access to deep liquidity.
GBP/USD Consolidates Below 1.3400 as Iran Tensions Mount, US CPI in Focus
The British pound is hovering in a narrow band just below 1.3400 against the U.S. dollar, unable to extend a two-day recovery from a three-week low amid renewed geopolitical risks and anticipation of U.S. inflation data.
NZD/USD Steady as Market Awaits US CPI Data
The NZD/USD pair holds near 0.7030 after mixed Chinese inflation figures, with traders eyeing the upcoming US CPI report.
China Buys 10 Tonnes of Gold in May, Largest Since Jan 2025
China added 10 tonnes of gold to its reserves in May, the biggest monthly increase since January 2025, extending its buying streak to 19 consecutive months. Total official gold reserves hit a record 2,331 tonnes.
China May CPI Misses Expectations at 1.2%
China's consumer price index rose 1.2% year-on-year in May, matching April's pace but below the 1.3% market forecast, according to the National Bureau of Statistics. The data may have implications for the Australian dollar.
Yen Lingers Near One-Month Low on USD/JPY Despite Strong PPI
USD/JPY consolidates in Asian session after Japan's stronger-than-expected Producer Price Index, but geopolitical tensions in the Middle East keep the Yen under pressure near a one-month low.
WTI Steadies Near $87.50 After Previous Day’s Drop
West Texas Intermediate crude oil stabilizes around $87.40 per barrel during Asian hours after falling more than 2.5% the previous day, as renewed supply concerns offset recent losses.
PBOC Sets USD/CNY Reference Rate at 6.8130
The People's Bank of China fixed the USD/CNY central parity rate at 6.8130 for Wednesday, slightly lower than the previous day's 6.8147.
AUD/USD Extends Losses as Traders Await China CPI Data
The Australian dollar continued its decline against the US dollar on Wednesday, trading near 0.7020 as market participants look ahead to China's consumer and producer price data for May.
EUR/USD Slips Below 1.1550 on US-Iran Tensions
The euro edged lower to near 1.1540 during early Asian trading as renewed Middle East tensions following US strikes against Iran weighed on the common currency.