US Secretary of State Rubio warns of intensifying military attacks on Iran
United States (US) Secretary of State Marco Rubio warns that military attacks on Iran could intensify further, as the nation is not ready to make a deal.
FX Desk
British Pound: Sterling to hand back gains – ING
ING analysts Chris Turner, Francesco Pesole and James Smith argue Sterling’s summer strength is driven by positioning, carry and possible M&A flows rather than UK fundamentals. They expect UK short-da…
Forex Today: Focus shifts to ECB rate call, while tensions remain high in Middle East
Financial markets turn risk-averse on Thursday as crude Oil prices continue to push higher amid a further escalation of tensions in the Middle East. In the second half of the day, the European Central…
EUR/JPY Price Forecast: Euro trims gains but holds above previous highs at 186.32
The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank's (ECB) monetary policy decision. The EUR/JPY pair, however…
Euro: ECB seen hiking in September – Commerzbank
Commerzbank’s Antje Praefcke argues the European Central Bank (ECB) can delay action today but will keep a hawkish tone as inflation stays near 3% and core pressures may even rise. She expects the nex…
NZD/USD Price Forecast: Tests levels sub-0.5800 as bulls run out of steam
The New Zealand Dollar (NZD) extends losses for the third consecutive day against the US Dollar (USD) on Thursday, with the NZD/USD pair dipping below 0.5800, after being rejected at the 0.5875 area e…
European Central Bank set to hold interest rates; Lagarde eyed for clues on likely September hike
The European Central Bank (ECB) is expected to hold the interest rate on the main refinancing operations and the deposit facility steady at 2.4% and 2.25%, respectively. The decision will be announced…
Hyundai Motor reports 21% drop in Q2 operating profit, misses forecasts
SEOUL, July 23 (Reuters) - Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts' estimates, as weaker vehicle sales, production disruptions and higher c…
WTI Price Forecast: Tests 6-week highs near $87.50, while bearish bias holds below 100-day SMA
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $87.50 during the early European trading hours on Thursday. WTI jumps to the highest since June 11 amid rising tensions in …
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
Japanese Yen edges higher amid intervention risks; remains close to four-decade low vs USD
The USD/JPY pair ticks lower during the Asian session on Thursday as bulls opt to move to the sidelines amid speculations that Japanese authorities will step in to prop up the domestic currency. Never…
BoJ to raise rates again by December — Reuters poll
According to a majority of economists in a Reuters poll, the Bank of Japan (BoJ) will raise its interest rate again by the end of December and possibly as soon as October, keeping further rate rises i…
New Zealand Dollar strengthens above 0.5800 on RBNZ hawkish outlook
The NZD/USD pair gains ground to near 0.5820, snapping the two-day losing streak during the early European session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on …
Silver Price Forecast: XAG/USD bulls have the upper hand above $59.00 confluence
Silver (XAG/USD) attracts fresh buyers near the $58.25-$58.20 zone during the Asian session on Thursday, stalling the previous day's modest pullback from the $61.00 neighborhood, or an over two-week h…
Japan’s Katayama: Ready to take decisive action on foreign exchange as needed
Japanese Finance Minister Satsuki Katayama reiterated on Thursday that his government was “ready to take decisive action on foreign exchange as needed.”
Indian Rupee attracts slight bids on RBI’s possible intervention
The Indian Rupee (INR) trades marginally higher against the US Dollar (USD) on Thursday on possible Reserve Bank of India (RBI) intervention in spot and non-deliverable forwards (NDFs) markets to supp…
Why is Cathay Pacific Airways stock surging today?
The collapse of Spirit Airlines, the scrappy low-cost carrier, underscores the fragile economics of air travel amid $4-per-gallon jet fuel and high crude prices.
EUR/JPY Price Forecast: Tests 186.50 barrier after breaking above ascending triangle top
EUR/JPY extends its gains for the third successive day, trading around 186.40 during the Asian hours on Thursday. The currency cross is keeping a bullish near-term bias as it holds above both the nine…
US investigates Chinese AI firms’ chip access amid IP concerns- The Information
A partial “decoupling” of U.S. and Chinese technology ecosystems is well underway. Without a clear strategy, Washington risks doing too little or—more likely—too much to curb technological interdepend…
Gold holds above $4,100 as weak USD counters Fed hike bets amid US-Iran escalation
Gold (XAU/USD) holds above the $4,100 mark during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest pullback from an over two-week high. Crude oil prices clim…
Australia’s Domino’s Pizza considering appeal options after class action court ruling
Pizza wars, sham contracts, business collapses and underpayment of wages have plagued workers and franchisees across the $4 billion pizza sector since the introduction of cheap pizzas four years ago.
Australian Dollar gathers strength above 0.7000 on resilient labor data
The AUD/USD pair holds positive ground near 0.7010 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following Australia’s employment dat…
Australian Dollar hits one-week top vs New Zealand Dollar on upbeat Aussie jobs data
The AUD/NZD cross attracts fresh buyers following the release of the monthly Australian jobs report and climbs to a one-and-a-half-week high, around the 1.2060-1.2065 region, during the Asian session …
Australian Dollar gains against Japanese Yen following employment data
AUD/JPY gains ground after recovering daily losses, trading around 114.30 during the Asian hour on Thursday. The currency cross receives support as the Australian Dollar (AUD) gains ground following t…