Iran's army says war may spread to new arenas
According to an Iranian army spokesperson, the United States (US) continues to attack several areas, while warning that the war will spread to new arenas, the Islamic Republic News Agency (IRNA) repor…
FX Desk
British Pound consolidates near multi-year top vs JPY; bullish potential intact
The GBP/JPY cross enters a bullish consolidation phase following the previous day's blowout rally and oscillates in a range near mid-219.00s through the early European session on Thursday. Meanwhile, …
US Dollar Index Price Forecast: Waning hawkish Fed bets back more downside
The US Dollar (USD) remains under pressure as traders have repriced the Federal Reserve’s (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the Greenback’s …
Euro consolidates near four-week top, above mid-1.1400s amid mixed Fed cues, geopolitics
The EUR/USD pair holds steady above the 1.1450 level during the Asian session on Thursday and consolidates its strong gains registered over the past two days, to the highest level since June 18.
EUR/USD Price Forecast: Testing range top at 1.1485 amid stronger momentum
The Euro (EUR) edges higher on Thursday, with the US Dollar (USD) on its back foot, as recent US inflation figures triggered a significant repricing of near-term rate hikes by the Federal Reserve (Fed…
Gold declines as Iran tensions fuel inflation risks, revive Fed hike bets and support USD
Gold (XAU/USD) attracts fresh sellers during the Asian session on Thursday and drops back closer to the previous day's swing low, around the $4,025 region in the last hour. Despite soft US Consumer Pr…
Senior BoJ official: Delay in adjustment amid high inflation risk could trigger economic downturn
Senior officials from the Bank of Japan (BoJ) said on Thursday that a delay in stimulus adjustment amid high inflation risk could trigger an economic downturn.
India Gold price today: Gold falls, according to FXStreet data
The price for Gold stood at 12,488.37 Indian Rupees (INR) per gram, down compared with the INR 12,573.30 it cost on Wednesday.
Indonesian Rupiah weakens as higher oil import costs stretch the trade balance
USD/IDR gains ground after two days of losses, trading around 18,100 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) faces downward pressure as surging oil imp…
British Pound weakens below 1.3550 on renewed US strikes on Iran
The GBP/USD pair declines to near 1.3530 during the early Asian session on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) as renewed conflict and shipping disruptions in the Str…
Japan’s Katayama: Ready to take appropriate action on currency anytime as needed
Japan’s Finance Minister Satsuki Katayama said on Thursday that the authorities are ready to take appropriate action on currency anytime as needed.
US stock futures steady amid cooling rate hike fears; Iran tensions persist
The Dow Jones Industrial Average dropped 337.36 points Friday, closing at 45,622.75 amid persistent worries over the U.S.-Iran conflict and a sharp rise in oil prices that heightened inflation concern…
Silver Price Forecast: XAG/USD falls to near $57.00 amid Middle East tensions
Silver price (XAG/USD) extends its losses for the second successive day, trading around $57.00 per troy ounce during the Asian hours on Thursday. The price of the non-yielding white metal faces signif…
Why is Kuaishou Technology stock rallying today?
Kuaishou Technology Class B stock (KUAISHOU‑W, HKEX: 1024) traded slightly higher in Hong Kong on Thursday, as investors digested its strong third‑quarter results, a fresh share repurchase and ongoing…
Canadian Dollar consolidates near four-week top vs USD; elevated oil prices favor bulls
The USD/CAD pair is seen oscillating in a range during the Asian session on Thursday and consolidating its recent losses to a four-week low, touched the previous day. Spot prices currently trade just …
BoJ Quarterly Survey: 90.4% of Japanese households anticipate price increases in a year
The Bank of Japan (BoJ) quarterly survey in June showed on Thursday that 90.4% of Japanese households expect prices to rise a year from now, compared with 83.7% in the previous survey.
AUD/JPY Price Forecast: Declines below 113.50, while maintaining bullish near‑term structure
The AUD/JPY cross trades in negative territory around 113.45 during the early European trading hours on Thursday. Verbal intervention from Japanese authorities provides some support to the Japanese Ye…
China: Growth slows as policy support eyed – ING
ING’s Chief Economist for Greater China, Lynn Song, notes that China’s second-quarter GDP growth slowed to 4.3% year-on-year from 5.0% in the first quarter, the weakest pace since late 2022. Despite g…
EUR/JPY Price Forecast: Positions near ascending triangle top around 186.00
EUR/JPY depreciates after three days of gains, trading around 185.90 during the Asian hours on Thursday. The currency cross is retaining a constructive bullish bias as it holds above both the nine-per…
The British Pound Sterling breaks out on the strength of someone else's weakness
Cable spent the London morning drifting, printed the session low at 1.3381 shortly after 10:00 GMT, and then spent the New York afternoon repricing the entire Dollar complex. The Pound trades near 1.3…
Japanese Yen strengthens on intervention warning, cooling US inflation
The USD/JPY pair loses ground to near 162.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) after verbal intervention from Japanese authorit…
Swiss Franc holds losses as US Dollar recovers on Middle East tensions
USD/CHF inches lower after opening at a bullish gap, remaining in positive territory and trading around 0.8060 during the Asian hours on Thursday. The pair holds ground as the US Dollar (USD) recovers…
Dollar slips for a second straight day as cooling PPI data eases rate hike bets
Gold is doing something counterintuitive on Friday, June 12: falling while almost everything else rallies. Spot bullion traded near $4,185 an ounce, down roughly 0.7% on the day, and was on track to l…
DOJ sentences two former TD Bank employees to prison
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