Market news
Crypto, stocks, forex and macro, aggregated for traders.
Japanese Yen Extends Losses, Trades at Intervention Zone of 160.30
The Japanese Yen continues to weaken against the US Dollar on Monday, with USD/JPY trading near 160.30, a level that previously triggered intervention by Japanese authorities.
RBI Holds Rate at 5.25%, Flags Inflation Rise – Commerzbank
The Reserve Bank of India kept the repo rate unchanged at 5.25% and maintained a neutral stance, while signaling rising inflation, according to Commerzbank strategists.
US Payrolls Surprise, Tech Jitters, Geopolitical Risks Ahead
Markets start the week digesting a large upside surprise in US payrolls, tech stock jitters, a heavy macro data calendar, and escalating Iran-Israel tensions threatening a fragile ceasefire.
Silver Extends Decline to $66.50, Lowest in Over Two Years
Silver (XAG/USD) fell to near $66.50 during late Asian trading on Monday, its lowest level in over two years, as the sell-off continues. Some market participants are now questioning whether the price could head toward $60.
Eurozone Sentix Investor Confidence Expected to Improve Slightly in June
The June Sentix investor confidence index for the euro area is forecast to rise to -14.6 from -16.4 in May, extending a modest rebound, though sentiment remains depressed amid high inflation and weak growth. Renewed Iran uncertainty and rising Fed rate hike expectations also weigh on the outlook.
Israel-Iran Tensions Escalate, Markets Cautious as Oil and Bond Yields Edge Higher
Geopolitical risks from the Israel-Iran conflict pushed oil prices modestly higher and bond yields up, while equity sentiment remains cautious after Friday's losses.
EUR/USD Rebounds to 1.1550 After Hitting Channel Bottom
EUR/USD recovers from the lower boundary of a descending channel, trading near 1.1530 in Asian hours. Daily chart signals ongoing bearish bias despite the bounce.
NZD/USD Recovers from Two-Month Low, Retakes 0.5800 Amid Bearish Setup
The NZD/USD pair rebounds from a two-month low of 0.5780, reclaiming the 0.5800 level as the US Dollar consolidates in a bullish phase, though the broader bearish setup remains intact.
GBP/USD Holds Below 1.3350 Amid Middle East Turmoil
The British Pound traded with mild losses around 1.3340 during European hours on Monday, pressured by ongoing Middle East tensions and growing expectations of a US rate hike that boosted the dollar.
CEE May Inflation Data and ECB Meeting in Focus This Week
This week, markets are watching the release of detailed May inflation data for several Central and Eastern European countries, along with the ECB meeting. Analysts expect no major surprises as flash estimates already indicated benign price pressures.
Crude Oil Trades Between Missiles and Phone Calls
Crude oil began the week trading on perceived probabilities rather than events, caught between geopolitical tensions and diplomatic efforts.
Indian Rupee Declines on Hawkish Fed Bets, Middle East Tensions
The Indian Rupee opened the week lower against the US Dollar as renewed Middle East conflict and rising expectations of a hawkish Federal Reserve weighed on the currency.
Iran Says Strait of Hormuz to Stay Open, But With Transit Fees
Iran's ambassador to Moscow stated that the Strait of Hormuz will remain open, but Iran and Oman will impose new conditions including a transit fee, according to a Reuters report.
WTI Crude Holds Near $92.00, 200-SMA Key for Bulls
WTI crude oil prices maintain gains near $92.00 as renewed Gulf hostilities dim hopes for a ceasefire, with the 4-hour 200-SMA acting as a critical resistance for bullish traders.
Sirens Sound in Central Israel After Iranian Missile Launch
Sirens are sounding in central Israel as the government urges citizens to seek shelter, citing an Iranian missile attack. Iran has not yet acknowledged the strike.
Indonesian Rupiah Hits Historic Lows as Forex Reserves Plunge
The Indonesian rupiah weakened to an all-time low against the US dollar, reaching 18,210 during Asian trading, as foreign exchange reserves fell sharply.
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.
Brian Armstrong: AI Demand 'Near Infinite', 80% of Workloads to Shift to Cheaper Models
Coinbase CEO Brian Armstrong predicts near-infinite demand for AI but expects 80% of workloads to run on 99% cheaper models within 12-18 months, with energy and compute as the limiting factors.
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.
Israel Intercepts Missile Launched from Yemen, Sirens Sound in Tel Aviv
The Israeli military intercepted a missile launched from Yemen toward Israeli territory, triggering air raid sirens in Tel Aviv, according to The Guardian.
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.
US House Committee Circulates 7 Draft Bills on Crypto Tax Rules
The US House Ways and Means Committee has circulated seven draft bills on digital asset taxation, including proposals for tax relief on mining and staking, as well as a de minimis exemption for small crypto transactions.