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]
Indian Rupee flattens while recovery in oil prices dampens outlook
The Indian Rupee (INR) trades almost flat against the US Dollar (USD) in the opening session on Tuesday. The USD/INR pair flattens around 95.00, while the Indian Rupee’s outlook has become uncertain as oil prices have bounced back due to fresh … [Continue reading]
Euro posts modest gains above 1.1600, Middle East tensions curb upside
The EUR/USD pair posts modest gains around 1.1635 during the early Asian session on Tuesday. Nonetheless, the potential upside might be limited, as Iran announced a halt to US negotiations and a full closure of the Strait of Hormuz, which could … [Continue reading]
Carry trade: Selective opportunities as theory collides with practice – Commerzbank
Commerzbank’s Thu Lan Nguyen discusses the renewed popularity of FX carry trades as hopes grow for an end to the Middle East war. She stresses that long-run returns are not driven by interest differentials alone and warns that theory argues against … [Continue reading]
Euro: ECB seen acting as inflation risks rise – MUFG
Halpenny highlights that the ECB is widely expected to hike at its 11 June meeting, with markets focused on forward guidance for the Euro. He notes Isabel Schnabel’s warning that the ECB can no longer look through the energy shock and that rising … [Continue reading]
Gold Price Forecast: XAU/USD dives to $4,500 amid simmering tensions in Iran
Gold (XAU/USD) trades lower on Monday, reverting Friday’s gains and returning to the $4,500 atrea following rejection at the $4,590 resistance area. Precious metals remain weighed, as tensions between Iran and the US escalate and Israel ramps up … [Continue reading]