The highlight in the Australian economic docket this week is the April Consumer Price Index (CPI) figures, which are expected to be released by the Australian Bureau of Statistics (ABS) on Wednesday at 01:30 GMT. Consumer inflation is forecast to … [Continue reading]
XRP preserves lifeline support as US-Iran tensions weigh on sentiment
Ripple (XRP) rises above $1.35 at the time of writing on Tuesday, as crypto prices struggle to stabilize amid volatility driven by spillover pressure from escalating Middle East tensions.US-Iran peace negotiations face headwindsThe United States (US) … [Continue reading]
Euro hesitates below 1.1650 as US-Iran tensions escalate
The Euro (EUR) remains flat against the US Dollar (USD) for the second consecutive day on Tuesday, trading at 1.1645 at the time of writing, after bouncing up from 1.1624 highs. The pair is lacking a clear direction this week, with investors wary of … [Continue reading]
USD/JPY Price Forecast: Dollar ticks up to 159.00 as Iran’s peace talks wobble
The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the second consecutive day on Tuesday, hitting session highs above 159.00 at the time of writing, as fresh US attacks on Iran put the peace process into question. The pair, however, … [Continue reading]
BoJ’s Himino: Market sees increases in long-term rates as reflecting global inflation worries
Bank of Japan (BoJ) Deputy Governor Himino said on Tuesday that the market sees increases in long-term interest rates as reflecting global inflation worries. Himino further stated that the central bank will consider timing and pace of adjustment … [Continue reading]
AUD/USD Price Forecast: Rises as bulls eye 0.72 breakout
AUD/USD advances during the North American session, up by 0.70% as the Greenback edges lower while the US and Iran reach a deal to extend a ceasefire by 60 days, which includes the reopening of the Strait of Hormuz. The pair trades at 0.7167 after … [Continue reading]
NEAR Price Forecast: Three reasons NEAR could extend its rally
Near Protocol (NEAR) extends its rebound above $2.50 on Monday, as crypto prices broadly stabilize amid optimism of a potential US-Iran peace agreement. The Artificial Intelligence (AI) token has surged nearly 100% in May, supported by projections … [Continue reading]
Singapore Dollar: Range trade bias against US Dollar holds – UOB
UOB’s Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower and test 1.2760 in the near term, though a sustained break below that level is unlikely. They maintain a 1–3 week range-trading view between 1.2730 and 1.2820, with major support at … [Continue reading]
Australian Dollar: Rebound meets resistance against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report that AUD/USD rebounded sharply after recent weakness, with the pair swinging between 0.7100 and 0.7168 and now trading near 0.7155. They see scope for further gains but doubt a clear break above 0.7175, … [Continue reading]
GBP/USD Price Forecast: Extends recovery to near 20-EMA amid risk-on mood
The GBP/USD pair is up 0.35% to near 1.3480 during the Asian trading session on Monday. The Cable trades firmly as market sentiment for riskier assets has improved significantly due to increased hopes of a deal between the United States (US) and … [Continue reading]