Market news
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Gold Holds Near $4,350 as Traders Await Fed Decision
Gold is trading near $4,350 in Asian trading, extending its five-day winning streak but remaining within a familiar range as markets await the Federal Reserve's monetary policy decision for direction.
EUR/JPY Rebound to 186.50 Possible as Bullish Bias Persists
EUR/JPY pulled back slightly after three consecutive days of gains, but remains above key exponential moving averages, keeping a constructive short-term bias. Market observers note potential for a move back toward 186.50.
US Dollar Index Weakens to Near 99.50 on Iran Peace Deal Hopes, Fed Awaited
The US Dollar Index fell to around 99.50 in Asian trading as optimism over a potential US-Iran peace deal weighed on the greenback ahead of the Federal Reserve's interest rate decision.
JD Vance: Trump Holds All the Cards After Iran Nuclear Strike
Vice President JD Vance declared that the US accomplished its goals in Iran and that President Trump now holds all leverage, with Iran's economic relief hinging on compliance.
Silver Rises to Near $70.50 as Rate Concerns Ease
Silver (XAG/USD) extended its winning streak for a fifth consecutive day, trading near $70.40 during Asian hours as easing interest rate concerns boosted demand.
China Regulator Vows Stronger Oversight in New Sectors
China's financial regulator announced plans to enhance cooperation across new sectors, target systemic risks, and address exposures in real estate and local government debt while cracking down on illegal activities and disorderly competition.
NZD/USD Holds Positive Bias on Iran Deal Speculation, USD Weakens
NZD/USD trades with a positive bias for a second day as reports of an Iran peace deal undermine the US dollar ahead of the FOMC meeting. The pair remains below the mid-0.5800s, lacking strong bullish conviction.
GBP/USD Rises Above 1.3400 on US-Iran Peace Optimism
The British pound strengthened against the US dollar, with GBP/USD trading near 1.3430 in early Asian hours on Wednesday, supported by optimism over US-Iran peace prospects.
Central Banks' Gold Buying Intentions Hit Record High
45% of central banks plan to buy gold over the next 12 months, the highest reading on record, according to the World Gold Council survey of 74 central banks.
PBOC Sets USD/CNY Fix at 6.8096 vs. 6.8108 Previous
The People's Bank of China set the USD/CNY central parity rate at 6.8096 for Wednesday, slightly lower than Tuesday's fix of 6.8108 and below a Reuters estimate of 6.7659.
USD/JPY Inches Lower as Yen Hovers Near Intervention Zone Ahead of FOMC
The USD/JPY pair edged down in Asian trading Wednesday, staying close to its highest level since late April amid persistent yen weakness despite the Bank of Japan's recent rate hike. Traders eye the upcoming FOMC decision.
WTI Crude Hovers Near $76 After 5% Drop
West Texas Intermediate crude oil trades around $75.80 per barrel during Asian hours, following a nearly 5% decline the previous day, as rising global supply prospects weigh on prices.
Australian Dollar Holds Above 0.7050 After RBA Hawkish Hold
The AUD/USD pair edges higher to near 0.7070 in early Asian trade Wednesday after the Reserve Bank of Australia struck a hawkish tone by holding rates steady.
EUR/USD Holds Steady Near 1.1610 Ahead of Fed Decision
EUR/USD traded sideways around 1.1610 during early Asian hours on Wednesday as traders awaited the Federal Reserve's interest rate decision and US retail sales data.
Gold Holds Above $4,300 on US-Iran Peace Hopes, Fed in Focus
Gold price remains supported above $4,300 during Asian trading on Wednesday, recovering from yearly lows after reports of a US-Iran framework deal. Traders await the Fed rate decision for further direction.
GBP/USD Coils Ahead of Inflation Data and Fed Decision
GBP/USD remains range-bound, closing slightly higher on Tuesday as traders await key inflation data and the Fed's next move.
Gold and Silver Face Resistance Despite Currency Crisis and Inflation Jitters
Gold and silver are not rallying in a straight line, even amid a currency crisis and rising inflation expectations linked to geopolitical tensions with Iran.
US Unemployment-CPI Gap Narrows to 0.1 Percentage Points, Smallest Since 2022
The difference between the US unemployment rate and headline CPI has shrunk to just 0.1 percentage points, the narrowest since 2022, as inflation rose to 4.2% in May while unemployment held at 4.3%.
NZD/USD Trades Sideways Near 0.5830 Ahead of Fed Decision
The NZD/USD pair is trading sideways around the 0.5830 region on Wednesday, supported by a softer US Dollar but with traders cautious ahead of the Federal Reserve's policy decision.
CSQUARE Inc. Files for IPO, Plans NYSE Listing Under Ticker CSQR
CSQUARE Inc. has filed for an initial public offering and applied to list its common stock on the New York Stock Exchange under the ticker CSQR. The IPO is backed by a broad underwriting syndicate including Morgan Stanley, J.P. Morgan, and others. Terms have not yet been disclosed.
USD/JPY Tests 160.50 as RSI Signals Rally, Intervention Risks Linger
USD/JPY advanced to 160.47 on Tuesday as traders await the Fed's policy decision. The rally is supported by RSI momentum, though intervention risks remain elevated.
JP Morgan Forecasts $1.2 Trillion Net Equity Issuance by 2027 Driven by AI
JP Morgan estimates net U.S. equity issuance could surge to ~$1.2 trillion in 2027, marking a historic reversal from two decades of net buybacks. The wave is fueled by mega IPOs from SpaceX, OpenAI, and Anthropic, plus large secondary offerings from Alphabet, Meta, and Oracle.
Trump Iran Deal Proposes $300B Fund, Oil Sales During Talks
A proposed US-Iran deal under Trump includes a $300 billion reconstruction fund for Iran, with oil sales permitted during a 60-day negotiation period. White House defends the pay-for-performance structure linked to Iran's compliance on nuclear and security issues.
Microsoft Held Talks to Lease Oracle Cloud Capacity in $3B+ Deal
Microsoft reportedly considered a deal worth over $3 billion to lease cloud computing capacity from Oracle, but negotiations fell through over security and compliance concerns.