Market news
Crypto, stocks, forex and macro, aggregated for traders.
Rabobank: Dollar Support from Haven Demand and Fed Shift
Rabobank's FX Strategy team notes the U.S. Dollar has recently been supported by safe-haven demand and shifting expectations for Federal Reserve policy, testing its haven status.
EUR/GBP Breaks Out of Bullish Flag, Targets 0.8683 and Beyond
EUR/GBP has broken out of a bullish flag pattern, with traders eyeing a potential move higher against the Pound. Key levels include an initial target of 0.8683 and an extension zone near 0.8720.
EUR/GBP Breaks Out of Bullish Flag; Traders Eye 0.8683 First Target
EUR/GBP has broken out of a bullish flag pattern, signaling a potential move higher against the Pound. Key levels to watch include first target 0.8683 and extension zone 0.8720, with support at 0.8629 and invalidation at 0.8618.
Bar for Further USD Gains 'High' After Fed's Hawkish Turn
The dollar rallied after the Fed's hawkish turn, with policymakers emphasizing price stability and a more aggressive dot plot shift, reinforcing the case for higher rates.
SNB Holds Rates as Swiss Inflation Stays Benign
The Swiss National Bank kept interest rates unchanged at its June meeting, citing inflation that remains within its target range despite a recent uptick to 0.6% in May from 0.1% in February.
Markets Digest Warsh Comments and Trump Deal Ahead of BOE Meeting
Central bank rate decisions this session held no surprises. Focus shifts to the upcoming BOE MPC meeting as markets continue to digest Kevin Warsh's policy views and Trump's trade deal developments.
NZD/USD dips as hawkish Fed outweighs NZ growth data
The New Zealand Dollar edged lower against the USD on Thursday despite strong domestic economic data, as hawkish Fed expectations continued to support the greenback.
Silver Rises to $68.29 per Troy Ounce on Thursday
Silver (XAG/USD) rose to $68.29 per troy ounce on Thursday, up 1.34% from the previous day's $67.39, according to FXStreet data.
ING Sees EUR/USD Summer Floor at 1.14-1.15 After Fed
ING FX strategist Chris Turner says EUR/USD's test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14-1.15 acting as the summer range floor based on the view that the Fed won't tighten further.
AUD/USD Holds Gains Around 0.7010 on Hawkish RBA Sentiment
The Australian Dollar is trading higher against the US Dollar on Thursday, with AUD/USD hovering near 0.7010 as hawkish expectations around the Reserve Bank of Australia support the currency.
Euro stays capped below 1.1525 as post-Fed USD strength persists
The Euro is trading nearly flat against the US Dollar on Thursday at 1.1504, failing to break above the 1.1525 resistance as the Dollar remains supported after the latest Federal Reserve decisions.
Fed Hawkish Shift Lifts Dollar Above 100, MUFG Says
MUFG analyst Lee Hardman notes the Fed's latest policy update has lifted US rates and supported the Dollar, pushing the Dollar Index back above 100.00 as markets price in multiple rate hikes.
BoE Expected to Hold Rates, Hawkish Tone May Not Support Sterling – ING
ING's Chris Turner predicts the Bank of England will leave rates unchanged in a 7-2 vote with a hawkish bias, but sees UK inflation peaking near 3.5% without spurring further tightening, a view that keeps sterling under pressure.
BoE Expected to Hold Rates, No Cut Until 2027
The Bank of England is expected to keep rates unchanged at its meeting today, with markets pricing only one rate cut by April 2027 and virtually no chance of a hike.
GBP/USD Stays Near April Lows as Traders Eye BoE Meeting
The pound sterling showed little reaction to weaker-than-expected UK inflation data, with traders adopting a wait-and-see stance ahead of upcoming labour market statistics and the Bank of England meeting.
Dollar Holds Gains After Fed's Hawkish Shift – ING
The US Dollar is maintaining its gains following a hawkish turn by the Federal Reserve under Chair Kevin Warsh, with markets now pricing ~44 basis points of tightening by Q2, according to ING's Chris Turner.
USD/JPY Consolidates Above 160.50 Near Two-Year High Amid Intervention Risks
The USD/JPY pair is trading sideways just above mid-160.00s, near its highest level since July 2024, as traders remain cautious over potential Japanese intervention.
SNB's Tschudin: Swiss Economy Resilient, Solid GDP Growth
Swiss National Bank governing board member Petra Tschudin stated that economic activity in Switzerland is resilient, with solid GDP growth in the first quarter.
SNB Holds Policy Rate at 0% in June Meeting
The Swiss National Bank kept its policy rate unchanged at 0% at the June meeting, as widely anticipated. The decision's implications for the Swiss franc remain in focus.
Bank Indonesia Hikes Benchmark Rate by 25 bps to 5.75%
Bank Indonesia raised its benchmark interest rate by 25 basis points to 5.75% on June 18, aligning with market expectations.
GBP/JPY Holds Gains After UK Jobs Data, Awaits BoE
The British pound edged higher against the Japanese yen after UK employment data, but the rally lacks bullish conviction ahead of the Bank of England meeting.
Yen Weakens to Post-2024 Low as Dollar Climbs: DB
Deutsche Bank reports the Japanese Yen has fallen to its weakest level since 2024 against the US Dollar, though its decline was less severe than other G10 currencies.
British Pound Holds Near Two-Month Low Ahead of BoE Decision
The British Pound trims losses against the US Dollar on Thursday but remains near a two-month low as traders await the Bank of England's monetary policy decision.
EUR/JPY Holds Near 185.00 After Rebound from Channel Bottom
EUR/JPY trades around 185.10 in early European trading on Thursday, recovering from modest losses the previous day. The pair remains capped below key exponential moving averages.