Silver shed roughly 10% in the first week of June and it is almost 50% down from its January record peak. But why? All logic points to Silver trading closer to $200 per ounce than $61, its 2026 yearly low.As with almost all financial assets, Silver … [Continue reading]
Euro: ECB hike seen limiting upside versus US Dollar – OCBC
OCBC’s Sim Moh Siong expects the European Central Bank (ECB) to deliver a one-off 25 bp ‘insurance’ hike to 2.25%, with updated projections showing higher inflation and weaker growth. With this move largely priced in, Siong warns EUR/USD may struggle … [Continue reading]
Euro: ECB hike but growth worries – BNY
BNY’s Bob Savage notes that an European Central Bank (ECB) rate hike is widely expected, but guidance on future moves and growth risks will be crucial for EUR/USD. The bank argues the Governing Council is unlikely to commit to a prolonged tightening … [Continue reading]
Iran’s ambassador to Moscow: the Strait of Hormuz will be open but with transit fees
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."Of course, this strait will be open, but with new … [Continue reading]
Gold rebounds to near $4,350 despite Middle East tensions
Gold price (XAU/USD) recovers some lost ground to around $4,345 during the early Asian session on Monday. However, the potential upside for the precious metal might be limited amid ongoing tensions in the Middle East and expectations that the Federal … [Continue reading]
China Foreign Exchange Reserves (MoM): $3.442T (May) vs $3.411T
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor … [Continue reading]
Bitcoin briefly tips $60K, stocks decline as strong labor data fuels hawkish Fed expectations
Bitcoin (BTC) briefly fell below the $60,000 mark on Friday as risk assets came under heavy pressure following a stronger-than-expected US jobs report. The US jobs data triggered a sharp repricing of Federal Reserve interest rate expectations, … [Continue reading]
Colombia Consumer Price Index (YoY) came in at 5.84%, below expectations (5.91%) in May
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor … [Continue reading]
Colombia Consumer Price Index (MoM) registered at 0.47%, below expectations (0.51%) in May
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor … [Continue reading]
SEC moves forward on rules for tokenized securities trading, prioritizes “innovation without arbitrage”
The US Securities and Exchange Commission (SEC) is developing a regulatory framework for the listing and trading of tokenized securities. The agency seeks to integrate blockchain-based assets into traditional financial markets without creating … [Continue reading]