Gold rebounds from a nearly two-week low of $4,050 in the early European session on Wednesday. Despite easing inflationary concerns in the face of the recent fall in Crude Oil prices, traders have been pricing in a greater chance of a rate hike … [Continue reading]
Swiss Franc slips to seven-month lows ahead of ZEW Survey Expectations
USD/CHF extends its gains for the sixth successive day, reaching a seven-month high of 0.8107 during the Asian hours on Wednesday. The pair rises as the Greenback strengthens on the complex Middle East situation. Traders will likely observe the Swiss … [Continue reading]
Australia CPI set to show inflation accelerated again in May
The Australian Bureau of Statistics (ABS) will publish the high-impact Consumer Price Index (CPI) for May on Wednesday at 01:30 GMT.Heading into the inflation test, the Australian Dollar (AUD) is at its lowest level in two months against the US … [Continue reading]
United States Dollar Index climbs to its highest level since May 2025 on Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, extends its rally on Tuesday, climbing to its highest level since May 2025. At the time of writing, the index trades around 100.40, up 0.4% on the … [Continue reading]
“Global imbalances are growing and may also be fuelling financial stability risks”: BoC’s Macklem
Bank of Canada (BoC) Governor Tiff Macklem said on Tuesday that global imbalances are increasing and may risk financial stability. Speaking to a business audience in Paris., Macklem noted that China’s outward flow of capital continues with the United … [Continue reading]
Indian Rupee drops against US Dollar amid hawkish Fed bets
The Indian Rupee (INR) trades lower against the US Dollar (USD) during India's afternoon trading hours on Tuesday. The USD/INR pair rises to near 94.85 as a firm US Dollar due to escalated hawkish Federal Reserve (Fed) bets has faded the impact of … [Continue reading]
Singapore Consumer Price Index (YoY) registered at 1.8, below expectations (2) in May
Gold is back in the red early Tuesday, having faced rejection once again at $4,200. The US Dollar holds at yearly highs amid hawkish Fed outlook, scepticism over US-Iran deal progress. Gold is primed to attack $4,100 as the daily technical setup … [Continue reading]
Japan Jibun Bank Services PMI increased to 51.8 in June from previous 50
The New York Stock Exchange parent company, Intercontinental Exchange, and crypto exchange OKX have formed a joint venture to develop infrastructure for tokenized and blockchain-native financial products, according to a statement on Monday. The … [Continue reading]
XRP recovers backed by steady ETF inflows
Ripple (XRP) gains momentum on Monday, trading above $1.15 as the crypto market widely recovers. This recovery comes amid easing geopolitical tensions in the Middle East, following reports that the United States (US) and Iran made progress in the … [Continue reading]
British Pound rises as US-Iran talks offset UK political shock
The Pound Sterling advances some 0.14% on Monday as the US-Iran negotiations laid a “good foundation” according to US Vice President JD Vance, after ending the first round of talks in Switzerland. Meanwhile, the UK PM Keir Starmer announced its … [Continue reading]