Market news
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AUD/JPY Steadies Below 113.00 as Intervention Fears Loom
The AUD/JPY cross trades around 112.75 during early European hours, with the yen strengthening on intervention concerns. The bias remains mildly bullish despite the losses.
EUR/USD Seen Falling to 1.13-1.12 if Dollar Index Breaks 101.50
The dollar index, holding above 101, may push EUR/USD lower to the 1.13–1.12 range if it clears 101.50, otherwise a reversal is possible.
Silver (XAG/USD) Falls Near $63.00 as Bearish Bias Persists
XAG/USD declined over 3% during Asian hours, trading around $63.20 after a brief gain, maintaining a bearish outlook.
Gold Weakens Below $4,150 on Iran Uncertainty and Fed Hike Bets
Gold (XAU/USD) slipped below $4,150 during Asian trading on Tuesday, reversing previous gains as a bullish US dollar and concerns over Iran tensions and Federal Reserve rate hike expectations weighed on the precious metal.
Swiss Franc Holds Losses Below 0.8100 as Firm Fed Rate Hike Bets Weigh
The Swiss Franc remains under pressure near 0.8088 against the US Dollar during Asian trading, as strong expectations for further Fed rate hikes support the greenback.
AUD/USD Extends Losses for Sixth Day Despite Better Aussie PMI
The Australian dollar weakened for a sixth straight session, trading near 0.6980, even as preliminary S&P Global PMI data for Australia came in stronger than expected.
US Dollar Index Holds Near 13-Month Highs Around 101.00
The US Dollar Index (DXY) remains steady near 101.00, close to 13-month highs, during Asian trading hours after modest gains the previous day.
NZD/USD Extends Slide Near 0.5700 on Hawkish Fed
The NZD/USD pair fell for a fifth straight session, trading around 0.5705 during Asian hours Tuesday, pressured by a stronger US dollar following hawkish Federal Reserve comments.
Japan's Kihara Warns of Possible FX Intervention
Japan's Chief Cabinet Secretary Minoru Kihara stated that authorities will take appropriate action against foreign exchange moves if needed, signaling potential intervention.
USD/CAD Stays Near Multi-Month High on Bearish Oil, BoC-Fed Divergence
The USD/CAD pair edges higher in Asian trading, supported by falling oil prices and diverging monetary policy expectations between the Bank of Canada and the Federal Reserve.
Silver dips to $64.50 as hawkish Fed pressures prices
Silver (XAG/USD) fell over 1% on Tuesday, trading near $64.50, as a hawkish Federal Reserve outlook weighed on the non-yielding metal.
British Pound Weakens Below 1.3250 as UK Prime Minister Keir Starmer Resigns
GBP/USD fell to near 1.3245 in early Asian trading on Tuesday as political uncertainty in the UK weighs on the pound following Prime Minister Keir Starmer's resignation.
Japan’s Katayama Confirms Market Coordination Talks with US Treasury’s Bessent
Japan’s Finance Minister Satsuki Katayama held virtual talks with US Treasury Secretary Scott Bessent on Monday, discussing global financial markets and the Iran conflict.
PBOC Sets USD/CNY Reference Rate at 6.8171, Up From 6.8150
The People's Bank of China set the USD/CNY central rate at 6.8171 for the current trading session, compared to the previous fix of 6.8150, according to Reuters.
US Government Posts Large Budget Deficit as Tariff Revenue Goes Negative
After a surplus in April from income tax receipts, the U.S. government recorded a significant deficit in the latest period, with tariff revenue turning negative.
Japanese Yen Flatlines Near 161.50 as Intervention Fears Persist
USD/JPY holds steady near 161.55 during early Asian trading, with traders cautious over potential intervention by Japanese authorities despite progress in US-Iran peace talks.
HFM Among Forex Firms Probed as Thai DSI Seizes $1.8M in Ponzi Raid
Thailand's DSI raided 24 locations, seized $1.8 million in cash and assets, and froze 70 bank accounts in a forex pyramid scheme probe involving unlicensed brands including HFM, QRS Global, GOFX, and Eterwealth.
Dukascopy Becomes First Swiss Bank to Launch AI-Powered Trading via MCP
Swiss bank Dukascopy has launched AI-powered trading through chat assistants, becoming one of the first to integrate MCP for natural language trade execution and analysis.
Capital.com Enters South Africa Under Dual FSCA Regulatory Licence
Capital.com has received dual regulatory approval from South Africa's FSCA, authorising it as an OTC Derivatives Provider and Category 1 Financial Services Provider, allowing it to offer CFDs across over 5,000 markets.
CMC Invest Launches AI Tool CMC Intelligence
CMC Invest launched CMC Intelligence, an AI tool developed with Telescope AI providing portfolio- and instrument-level insights across shares, ETFs and cryptocurrencies.
Amana Simplifies Halal Investing with Sharia-Compliant Asset Labels
amana, a MENA neo-broker, has partnered with Zoya to embed Sharia-compliance screening directly into its app, using a blue crescent moon icon to mark halal assets.
INFINOX in Advanced Talks to Buy Admirals
Retail FX and CFD broker INFINOX is reportedly in advanced negotiations to acquire rival brokerage Admirals, according to an exclusive report.
Gold Steadies Near $4,190 as US–Iran Talks Offset Fed Hawkishness
Gold prices trade flat around $4,190 during early Asian hours as traders weigh progress in US–Iran peace negotiations against a hawkish Federal Reserve stance.
AUD/USD Slips Below 0.7000 as Dollar Gains on Fed Repricing, Iran Talks
The Australian dollar fell below 0.7000 on Monday, pressured by a stronger US dollar as markets repriced Fed expectations and weighed ongoing US-Iran talks in Switzerland.