Market news
Crypto, stocks, forex and macro, aggregated for traders.
EU launches accession talks with Ukraine and Moldova, toughens China trade stance
The European Union has formally opened accession negotiations with Ukraine and Moldova while adopting a harder line on trade with China, according to Rabobank's Global Daily note.
WTI Slumps to Three-Month Low Near $79 on US-Iran Deal Optimism
West Texas Intermediate crude oil fell to a three-month low around $79.20 during early European trading Tuesday, pressured by optimism over a potential US-Iran framework deal.
BNY Strategists Expect Slightly Hawkish FOMC Statement Under New Chair Warsh
BNY strategists John Velis and David Tam preview the upcoming FOMC meeting, expecting a slight hawkish shift in the statement and dot plot under new Chair Kevin Warsh.
Japan FM says government focused on appropriate economic, fiscal policies
Japan Finance Minister Satsuki Katayama stated that the government's responsibility lies in appropriately conducting economic and fiscal policies.
Gold Holds Above $4,300 as Markets Stay Cautious
Gold (XAU/USD) maintains a mildly positive tone on Tuesday, holding above $4,300 after a rally of about 6.5% in recent sessions amid cautious market sentiment.
GBP/USD Elliott Wave: Further Dip Expected Before Rally
GBP/USD has been grinding lower since its April 14 peak at 1.3589. Analysts expect one more dip to complete the corrective setback before a new uptrend.
US Maintains Edge Over China in Quantum Race, But Lead Shrinking: Report
The US still holds a slight advantage over China in the quantum computing race, but the gap is narrowing and could disappear within a few years, according to a report by the Special Competitive Studies Project.
Silver Balances Industrial Demand and Fed Expectations Ahead of FOMC
Silver enters a key macro week as attention shifts from Asia-Pacific central banks to Wednesday's Federal Reserve decision, with industrial demand and rate expectations vying for influence.
US-Iran Deal Reopens Strait of Hormuz; BoJ Hikes to 1.0%
Reports indicate a US-Iran agreement has been virtually signed, ending the naval blockade of Iranian ports and reopening the Strait of Hormuz. Meanwhile, the Bank of Japan raised its policy rate to 1.0%.
NZD/USD Extends Losses on Risk Aversion, Trades Near 0.5810
The New Zealand dollar weakened for a third straight session on Tuesday, falling toward 0.5810 against the US dollar as risk-off sentiment bolstered demand for the greenback.
Silver edges lower below $70 as bearish bias persists
Silver (XAG/USD) trades near $69.85 in early European hours on Tuesday, pulling back from a weekly high as profit-taking ahead of the Fed decision weighs on prices.
Oil Price Drop Expected to Ease CEE Inflation
The decline in oil prices, driven by prospects of a US-Iran peace deal and reopening of the Strait of Hormuz, is expected to contribute to easing inflation in Central and Eastern Europe through year-end.
Global Markets Rally on U.S.-Iran Deal; Warsh FOMC in Focus
Markets rallied on news of a preliminary U.S.-Iran agreement to reopen the Strait of Hormuz, ending a four-month conflict. Attention now turns to Kevin Warsh's first FOMC press conference.
Gold Consolidates Above $4,300 Amid Fed and Middle East Uncertainty
Gold (XAU/USD) holds above $4,300 as traders weigh geopolitical risks from Middle East tensions and uncertainty over the proposed US-Iran peace agreement, alongside upcoming monetary policy decisions.
Australian Dollar Holds Losses Following RBA Decision
AUD/USD trades around 0.7050 during Asian hours, struggling to recover after the Reserve Bank of Australia's latest monetary policy decision.
AUD/NZD Falls as RBA Holds Rate at 4.35%
The Australian dollar slipped against the New Zealand dollar after the Reserve Bank of Australia kept its key interest rate unchanged at 4.35%.
Shipowners Cautious on Strait of Hormuz Resumption Despite US-Iran Deal
Shipping operators plan to wait weeks before returning to the Strait of Hormuz, citing the need for tangible evidence of improved regional security, despite a reported US-Iran agreement to reopen the waterway.
Euro May Fall to 1.1500 as Dollar Index Rises Above 99.50
The Dollar Index is trading higher above 99.50 after stronger US IIP data, suggesting the euro could fall back to 1.1500. In cross pairs, EURINR may test 109 before bouncing to 111-112, while EURJPY tests resistance.
RBA Holds Key Rate at 4.35% in June as Expected
The Reserve Bank of Australia kept its Official Cash Rate unchanged at 4.35% at its June meeting, in line with market expectations.
RBA Holds Key Rate at 4.35% in June as Expected
The Reserve Bank of Australia kept the Official Cash Rate unchanged at 4.35% at its June meeting, matching market expectations.
RBA Holds Rate Steady at 4.35% in June as Expected
The Reserve Bank of Australia kept its official cash rate unchanged at 4.35% at its June meeting, matching market expectations.
USD/CHF Rises as Swiss Franc Declines on USD Strength
The Swiss Franc weakened against the US Dollar during Asian trading on Tuesday, with USD/CHF recovering from modest losses to trade around 0.7950 as the greenback held steady on broad market caution.
Rabobank: Strait of Hormuz risks persist despite US-Iran progress
Rabobank warns that reported progress in US-Iran talks has not eliminated supply risks around the Strait of Hormuz, as only a brief memorandum was agreed and major details remain unresolved.
AUD/JPY Softens as BoJ Hikes Rate to Highest Since 1995
The Australian Dollar weakened against the Japanese Yen after the Bank of Japan raised interest rates to their highest level since 1995, pushing the AUD/JPY cross to around 113.20 during Asian trading on Tuesday.