The GBP/USD pair attracts some dip-buyers following the previous day's slide back closer to the weekly low and trades above the 1.3400 mark during the Asian session on Thursday. The uptick is sponsored by a softer US Dollar (USD), though the upside … [Continue reading]
New Zealand Dollar plunges as hawkish Fed remarks boost US Dollar
The NZD/USD pair trades near the 0.5860 region on Thursday, down more than 1% in the day, as the US Dollar (USD) strengthens following hawkish remarks from Federal Reserve (Fed) officials.Federal Reserve Bank of Dallas President Lorie Logan stated … [Continue reading]
Indonesian Rupiah: State-led commodity shift reshapes risks – MUFG
MUFG’s Lloyd Chan highlights that Indonesia is undergoing a structural regime shift as the state moves toward direct control of key commodity exports via Danantara Sumberdaya Indonesia. The report stresses high near-term implementation risks for the … [Continue reading]
Canada Labor Productivity (QoQ) came in at -0.5% below forecasts (0.7%) in 1Q
The Japanese Yen bounced up from five-week lows against the US Dollar, turning positive on the daily chart, as Japan’s Prime Minister Sanae Takaichi warned that Tokyo is ready to take action against Yen weakness. The USD/JPY pair has pulled back from … [Continue reading]
Australian Dollar: RBA seen hiking again as growth slows – TD Securities
TD Securities strategists Prashant Newnaha and Alex Loo note that Australian Q1 Gross Domestic Product (GDP) matched the Reserve Bank of Australia’s (RBA) 0.3% q/q implied forecast, but highlight that household and government spending are weak while … [Continue reading]
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC eyes $65,000, ETH risks $1,800, XRP holds at $1.20
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are catching a breath during early Asian trading hours on Wednesday after losing over 6% the previous day. The path of least resistance in Bitcoin and Ethereum points to further correction likely toward … [Continue reading]
Australia S&P Global Services PMI came in at 48.7, above forecasts (47.7) in May
Gold is down on Tuesday, trading around $4,490 after peaking at $4,541 earlier in the day. The US Dollar seesawed between limited gains and losses throughout the day, as market players are in wait-and-see mode ahead of first-tier data releases and … [Continue reading]
US President Trump signs order to gain early access to powerful AI models
US President Donald Trump signed an executive order on Tuesday aimed at giving the government early access to powerful new artificial intelligence (AI) models. Under the proposal, AI developers would voluntarily submit new models for government … [Continue reading]
United States JOLTS Job Openings registered at 7.618M above expectations (6.88M) in April
Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters … [Continue reading]
160 is back: Japan faces another Yen intervention dilemma
Welcome to Japan’s Groundhog Day: the Japanese Yen continues to severely underperform against major global currencies and remains close (again) to the 160.00 threshold against the US Dollar. Support from the Bank of Japan in the form of an interest … [Continue reading]