News/Event
TD Securities’ Prashant Newnaha and Howard Du note the Australian Dollar (AUD) has delivered its strongest year-to-date performance in 15 years but now sees constrained upside.
The Governor of Iran's Sirik county, an administrative division in Iran's Hormozgan province, announces during the European trading session on Thursday that the United States (US) projectile hit a cargo boat in the Gulf of Oman, Mehr News reported.
Here is what you need to know on Thursday, June 11:
Danske Research Team expects the European Central Bank (ECB) to raise the deposit rate by 25bp to 2.25%, in line with consensus. With the June move fully priced, they see market attention shifting to communication on future policy.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see GBP/USD consolidating after a brief push above 1.3420 failed to gain traction. Intraday, they expect any pullback to stay within 1.3330–1.3395 and not break clearly below 1.3330.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold (XAU/USD) fades a modest Asian session bounce to the $4,118 region, though it manages to hold above the lowest level since November 2025 set earlier this Thursday.
The EUR/USD pair trades slightly higher to near 1.1550 during the Asian trading session on Thursday. The major currency pair edges higher as the Euro (EUR) gains ahead of the European Central Bank’s (ECB) monetary policy announcement at 12:15 GMT.
Bitcoin's (BTC) recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday.
The Iranian military announced in a statement that it had launched a drone operation against the US Navy’s Fifth Fleet based in Bahrain, in response to the violation of the ceasefire and US military attacks on areas in southern Iran, Reuters reported on Thursday.
The New Zealand Dollar is carrying the steepest implied tightening path in the developed world and trading like a currency nobody told.
Gold (XAU/USD) price collapses over 3% on Wednesday after the latest inflation report in the US showed prices remain elevated, reinforcing expectations that interest rates could remain higher-for-longer, a headwind for the non-yielding metal.
TD Securities strategists note that a softer United States (US) core Consumer Price Index (CPI) print triggered only modest US Dollar (USD) weakness. They argue the broad USD uptrend remains in place, supported by strong payrolls and geopolitical tensions.
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar retains upside risk as US inflation is expected to heat up in May and the disinflation trend has stalled.
UBS Chief Economist Paul Donovan expects May United States (US) headline consumer price inflation to rise as higher Oil-related costs are passed through to consumers. He notes firms can protect profit margins by raising prices while demand holds, with US consumers drawing on savings.
Brown Brothers Harriman’s Elias Haddad highlights that USD/CAD has pulled back after testing a six‑month high but still risks grinding higher toward 1.4140.
MUFG’s Lee Hardman and Abdul-Ahad Lockhart note that recent US Dollar (USD) resilience and higher US yields have created a tougher backdrop for FX carry trades, while commodity-linked currencies lag.
The Australian Dollar (AUD) underperforms its major currency pairs during the European trading session on Wednesday, trading 0.25% lower to near 0.7010 against the US Dollar (USD).
BNY’s Geoff Yu notes that recent EUR/USD support has come mainly from cross-border investors reducing hedges after the European Central Bank's (ECB) hawkish shift, bringing aggregate Euro holdings back to flat.
Iran's Foreign Ministry spokesperson Esmaeil Baghaei said during the European trading session on Wednesday that Tehran needs to re-assess terms of negotiations with Washington following overnight clashes, SNN reported.
The GBP/JPY cross turns positive for the third straight day following an intraday dip to the 214.30-214.25 region and touches a fresh weekly high during the first half of the European session on Wednesday.
ING’s Warren Patterson and Ewa Manthey say China’s latest trade data for Copper are mixed, with higher unwrought Copper imports in May but lower year-to-date volumes due to stronger domestic refined output.
Rabobank’s Global Strategist Michael Every highlights that Oil prices fell as the United States (US) energy secretary reported rising Hormuz transits, with evidence the US Navy may be moving more crude through the Strait than official data show.
MUFG’s Lloyd Chan highlights that a potentially hotter US CPI print could reinforce expectations of higher-for-longer US interest rates, underpinning broad US Dollar strength.
Here is what you need to know on Wednesday, June 10:
EUR/JPY extends its gains for the third successive day, trading around 185.30 during the early European hours on Wednesday.
Silver price (XAG/USD) rebounds to near $65.00 in the European trading session on Wednesday after attracting bids at around over the two-month low of $63.45 earlier in the day.
UOB’s Quek Ser Leang and Lee Sue Ann describe EUR/USD price action as short-term consolidation between 1.1505 and 1.1555 after last week’s sharp drop.
Iran's Foreign Minister Abbas Araghchi warned that its neighbours in the Gulf have a “legal and moral responsibility” to prevent American and Israeli strikes, the Guardian reported on Wednesday.
The EUR/JPY cross gathers strength to near 185.20 during the early European session on Wednesday. The Euro (EUR) edges higher against the Japanese Yen (JPY) amid expectations that the European Central Bank (ECB) would raise rates at its June policy meeting on Thursday.
The AUD/USD pair oscillates in a narrow range during the Asian session on Wednesday and moves little following the release of mixed inflation figures from China.
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
The US Bureau of Labor Statistics (BLS) will publish the May Consumer Price Index (CPI) data on Wednesday. The report is expected to show another step up in consumer inflation, driven by the persistently high Oil prices due to the ongoing crisis in the Middle East.
Gold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.00 during the Asian trading hours on Wednesday.
Silver (XAG/USD) attracts some follow-through sellers for the second consecutive day and drops to its lowest level since March 23 during the Asian session on Wednesday.
Iran's Foreign Minister Abbas Araghchi warned the United States (US) to leave the region or face consequences, adding that Iran's armed forces would not leave any attack or threat unanswered.
The USD/CHF advances some 0.11% trades near nine-week highs of 0.7991 as risk aversion boosted the Greenback, which has trimmed some earlier losses, to challenge the 0.8000 figure.
Trump announced on Tuesday that his military had concluded Iran shot down one of its Apache helicopters over the Strait of Hormuz during the overnight session, and that the US had no choice but to respond. Crude Oil's reaction was to fall.
Gold (XAU/USD) price plunges nearly 2% on Tuesday as tensions in the Middle East escalate afterUS President Donald Trump vowed a response to Iran's downing of a US helicopter near the Strait of Hormuz. At the time of writing, XAU/USD trades below $4,250, down 1.93% on the day.
Rabobank describes Canada’s economy as fragile, with back-to-back quarterly contractions marking a technical recession and weak investment and trade dragging growth.
Societe Generale notes China’s trade surplus widened to USD 105.4 billion in May, driven by a 19.4% year‑on‑year surge in exports led by AI‑related equipment.
The US Dollar (USD) underperforms its major currency peers during the European trading session on Tuesday, as renewed hopes of a permanent peace deal between the United States (US) and Iran have diminished its safe-haven demand.
BNY’s Bob Savage reports that Bank of Japan (BoJ) officials are considering pausing further reductions in JGB purchases after March 2027, keeping buying near ¥2.1tn as the balance sheet shrinks via maturities. The June meeting is expected to deliver a rate hike to 1.0%.
Brown Brothers Harriman’s (BBH) Elias Haddad observes that AUD/USD is consolidating around 0.7050, with yield spreads pointing to downside risks below 0.7000.
The Euro (EUR) ticks up for the second consecutive day against the US Dollar (USD) on Tuesday to pare some of last week’s losses.
Rabobank’s Molly Schwartz and Christian Lawrence expect the Bank of Canada (BoC) to keep its policy rate at 2.25% at the June 10 meeting and through year-end.
Danske Research Team describes uneven equity performance, with Far East markets dragging global indices lower while US benchmarks rebounded, led by technology and energy. AI-related themes and Iran news, including Oil price moves, remain dominant drivers.
The British Pound (GBP) posts moderate gains against the Japanese Yen (JPY) on Tuesday, supported by a modest improvement in risk sentiment.
The US Dollar (USD) faces slight selling in the European trading session on Tuesday due to renewed hopes of a potential deal between the United States (US) and Iran.
OCBC’s FX Strategist Sim Moh Siong reports that Gold has come under pressure after breaking below its 200-day moving average on a more hawkish Fed narrative and oil-led inflation fears.
ING’s Chris Turner notes that risk assets and Asian currencies have stabilised, but expects the US Dollar (USD) to stay supported on dips as markets await key US data and central bank meetings.
EUR/JPY extends its gains for the second successive day, trading around 184.90 during the Asian hours on Tuesday. The currency cross holds gains as the Euro (EUR) remains stronger following the release of Industrial Production and Trade Balance data.
UOB’s Quek Ser Leang and Lee Sue Ann describe USD/JPY as range-bound intraday between 159.90 and 160.40 after a brief spike and reversal, but maintain a slightly positive multi-day stance.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends the previous day's sharp retracement slide from the vicinity of mid-$93.00s and attracts some follow-through selling during the Asian session on Tuesday.
USD/CHF inches lower after two days of gains, trading around 0.7970 during the Asian hours on Tuesday. The pair has depreciated alongside a declining US Dollar (USD) following a breakthrough agreement between Iran and Israel to halt mutual attacks.
The USD/JPY pair trades in positive territory around 160.20 during the Asian trading hours on Tuesday. Escalation in the Middle East continues to boost the US Dollar (USD) against the Japanese Yen (JPY).
Australia National Australia Bank's Business Conditions unchanged at 3 in May
Australia National Australia Bank's Business Confidence up to -14 in May from previous -24
Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) acquired 126,971 ETH last week following the top altcoin's decline toward the $1,500 region.
West Texas Intermediate (WTI) oil price edges lower after registering over 1% losses in the previous day, trading around $89.40 per barrel during the Asian hours on Tuesday.
Japan's Economy Minister, Minoru Kiuchi, said on Tuesday that long-term rates are determined by markets through diverse factors, including supply-demand and steady economic recovery.
Australia Westpac Consumer Confidence up to 80.6% in June from previous 3.5%
There is a strange disconnect running through the Japanese Yen right now, and USD/JPY parked just above 160.00 captures it perfectly.
UOB’s Quek Ser Leang and Lee Sue Ann highlight that USD/SGD surged past 1.29 after a blowout US nonfarm payrolls report, with the S$NEER still trading well above its mid-point.
West Texas Intermediate (WTI) US Oil trades around $89.95 at the time of writing on Monday, up 1.57% on the day, as geopolitical tensions in the Middle East continue to support energy prices.
Societe Generale strategists argue that the negative 1Q Gross Domestic Product (GDP) print mainly reflects Irish volatility rather than broad weakness, with ex‑Ireland growth at 0.3% qoq and stronger PMI and French industrial data.
Brown Brothers Harriman’s Elias Haddad (BBH) notes that May Consumer Price Index (CPI) in Norway could be pivotal, with a hot print potentially bringing forward another Norges Bank hike after its surprise May move.
TD Securities economists Robert Both and Emma Lawrence expect the Bank of Canada (BoC) to keep the overnight rate at 2.25% at the June meeting and through 2026, despite softer Canadian data.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar (USD) remains firm as United States (US) jobs data, higher Federal Reserve (Fed) rate expectations and rising Oil prices pressure stocks and bonds.
ING’s Chris Turner sees the US Dollar (USD) underpinned by hawkish Federal Reserve repricing and a risk-off tone in equities ahead of key United States (US) Consumer Price Index (CPI) and Producer Price Index (PPI) data.
According to Fars News, Iran's armed forces have announced an end to military operations against Israel. However, they have warned of harsher attacks if Israel resumes attacks on Lebanon. While there has been no confirmation from other media outlets.
Societe Generale’s Kit Juckes notes that recent US labour data have broken the prior FX range, challenging expectations for a weaker Dollar under President Trump.
The Canadian Dollar (CAD) trades lower against its major currency peers in the European trade on Monday amid caution surrounding the Bank of Canada’s monetary policy announcement on Wednesday.
Gold (XAU/USD) extends losses on Monday to complete a more than 4% depreciation in the last two trading days.
Brown Brothers Harriman’s Elias Haddad (BBH) anticipates the European Central Bank (ECB) will end its pause with a 25 bps hike to 2.25% as core and services inflation run above forecasts.
The US Dollar is rallying for the second consecutive day against the Swiss Franc (CHF) on Monday, reaching levels near 0.8000 for the first time in the last two months.
Bitcoin (BTC) remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds (ETFs) recording the fourth week of steady outflows of billions since mid-May.
ING’s Chris Turner expects the Bank of England (BoE) to avoid tightening this year, with only modest rate hikes priced by markets.
Commerzbank’s Charlie Lay highlights that the Reserve Bank of India kept its policy rate at 5.25% and signalled a preference to bolster the Rupee via capital inflow measures rather than tightening.
Danske Research Team notes that Brent Oil has surged toward USD 96 per barrel after renewed Israel–Iran hostilities, with markets reassessing regional supply risks. They highlight that the latest air strikes have undermined hopes for a broader deal to reopen the Strait of Hormuz.
Brown Brothers Harriman’s Elias Haddad (BBH) expects the Bank of Canada to keep its policy rate at 2.25% and maintain two-way optionality, as contained inflation allows an extended pause.
According to the Fars news agency, Iran’s Revolutionary Guards Corps (IRGC) has confirmed attacking a petrochemical site in northern Israeli city of Haifa, in retaliation for Israel’s attack on a similar plant in Iran, The Guardian reported.
The Indian Rupee (INR) is receiving a notable boost following the Reserve Bank of India's (RBI) monetary policy meeting on Friday, when policymakers unanimously decided to hold the benchmark repo rate steady at 5.25%.
The Euro (EUR) has turned lower against the British Pound (GBP) on Monday, although it remains moving within Friday's range. The pair retreated from session highs near 0.8650 and trades at 0.8637 at the time of writing, as downbeat German Factory Orders have set the Euro under renewed pressure.
BNY’s Bob Savage expects the Bank of Canada (BoC) to keep rates unchanged against a backdrop of technical recession and softer growth.
The Australian Dollar (AUD) is under pressure against the US Dollar (USD) as traders have raised bets supporting interest rate hikes by the Federal Reserve this year, with the AUD/USD pair posting a fresh almost eight-week low at around 0.7025.
DBS Group Research’s Philip Wee argues that strong US nonfarm payrolls and a projected jump in May CPI to 4.2% YoY should keep the Dollar supported into the June FOMC.
Germany Factory Orders s.a. (MoM) registered at -3.8%, below expectations (-1.2%) in April
Silver price (XAG/USD) extends its decline to near $66.50 during the late Asian trading session on Monday, the lowest level seen in over two months.
Here is what you need to know on Monday, June 8:
Iran's ambassador to Moscow, Kazem Jalali, said that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Reuters reported on Monday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction at the start of a new week as renewed hostilities in the Gulf dampen hopes for a deal to end a three-month-old war.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
USD/IDR extends its gains for the fifth successive day, trading around 18,200 after hitting an all-time high of 18,210 during the Asian hours on Monday.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure at the start of this week after losing more than 14%, 15%, and 13%, respectively, in the previous week. BTC struggles below $63,000, ETH loses key support zones, while XRP’s momentum indicators continue to favor further downside.
The AUD/USD pair attracts some buyers after touching a nearly two-month low, around the 0.7025-0.7020 area during the Asian session on Monday, though it lacks follow-through.
NZD/USD gains ground after registering over 1% losses in the previous day, trading around 0.5810 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) edges lower on easing risk aversion after US President Donald Trump criticized Israel's strikes on Beirut.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to increase production by 188,000 barrels per day (bpd) in July despite the continued closure of the Strait of Hormuz.
Japan Gross Domestic Product Deflator (YoY) below expectations (3.4%) in 1Q: Actual (3.2%)
Japan Current Account n.s.a. registered at ¥3907B above expectations (¥3137B) in April
Japan Gross Domestic Product Annualized came in at 1.8%, above expectations (1.3%) in 1Q
US President Donald Trump said that he would tell Israeli Prime Minister Benjamin Netanyahu not to strike back after Iran fired a salvo of missiles at Israeli targets in retaliation for an attack on the outskirts of Beirut, Reuters reported on Sunday.
By Karen BrettellU.S. Treasury yields surged on Friday, with two-year yields hitting a 15-month high, after data showed employers added far more jobs than expected in May, bolstering bets that the Federal Reserve will raise interest rates later this year.Employers added 172,000 jobs during th.e mon…
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market mood.
DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won.
Silver price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79, as the white metal registers losses of nearly 8%, poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report.
Bitcoin (BTC) extended losses after Friday’s Wall Street open as traders prepared for a retest of $60,000.Key points:Bitcoin battles for $60,000 supportData from TradingView showed daily BTC price downside approaching 5% as sellers stayed in the driving seat.BITSTAMP:BTCUSD one-hour chart. Source…
By Fergal SmithThe Canadian dollar edged lower against its U.S. counterpart on Friday, but the decline was less than for other Group of 10 currencies after data showed that the U.S. and Canadian economies added more jobs than expected last month.The loonie FX_IDC:USDCAD was trading 0.1% lower at 1…
By Scott CalvertA $419 hotel tab on a family vacation. DoorDash orders totaling $1,576. Ammunition costing $276 from a place called Lucky Gunner.Michael Boaz, as town manager of Pilot Mountain, N.C. (pop. 1,420), used taxpayer money to make these and many other purchases, according to a state audit…
Bitcoin (BTC) has breached below $60,000 at press time on Friday, recording a 20% crash so far this week. Institutional selling and weak derivatives weigh on Bitcoin’s pullback, deepening downside risks as buyers lose the critical $60,000 support band.
UOB’s Global Economics & Markets Research, led by Enrico Tanuwidjaja and Sathit Talaengsatya, argues that Thailand’s latest Consumer Price Index (CPI) data confirm a cost-push rather than demand-led inflation backdrop.
India will start rolling out gasoline blended with 85% ethanol (E85) that will be about 20 rupees per litre cheaper than regular E20 fuel, Oil Minister Hardeep Singh Puri said on Friday.Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant…
Gold (XAU/USD) price collapses during the North American session on Friday as the latest Nonfarm Payrolls report in the US smashed forecasts, with figures for the last three months upwardly revised, increasing the chance of a Federal Reserve (Fed) rate hike.
By Karen BrettellU.S. Treasury yields surged on Friday, with two-year yields hitting a 15-month high, after data showed employers added far more jobs than expected in May, bolstering bets that the Federal Reserve will raise interest rates later this year.Employers added 172,000 jobs during the mont…
United States Baker Hughes US Oil Rig Count up to 431 from previous 429
Several Chinese banks have raised dollar deposit rates in recent weeks, sources said, in a move some traders say is likely aimed at slowing the pace of yuan appreciation.At least five commercial banks, ranging from state-owned lenders to smaller joint-stock banks, have lifted the dollar deposit rat…