Market news
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Gold Bullish at $4,319 as ADP Data and China Weakness in Focus
Gold trades cautiously bullish at $4,319.54, consolidating inside a key demand zone after a sharp V-shaped recovery from last week's lows.
EU launches accession talks with Ukraine and Moldova, toughens China trade stance
The European Union has formally opened accession negotiations with Ukraine and Moldova while adopting a harder line on trade with China, according to Rabobank's Global Daily note.
Gold Holds Above $4,300 as Markets Stay Cautious
Gold (XAU/USD) maintains a mildly positive tone on Tuesday, holding above $4,300 after a rally of about 6.5% in recent sessions amid cautious market sentiment.
GBP/USD Elliott Wave: Further Dip Expected Before Rally
GBP/USD has been grinding lower since its April 14 peak at 1.3589. Analysts expect one more dip to complete the corrective setback before a new uptrend.
US-Iran Deal Reopens Strait of Hormuz; BoJ Hikes to 1.0%
Reports indicate a US-Iran agreement has been virtually signed, ending the naval blockade of Iranian ports and reopening the Strait of Hormuz. Meanwhile, the Bank of Japan raised its policy rate to 1.0%.
NZD/USD Extends Losses on Risk Aversion, Trades Near 0.5810
The New Zealand dollar weakened for a third straight session on Tuesday, falling toward 0.5810 against the US dollar as risk-off sentiment bolstered demand for the greenback.
Gold Consolidates Above $4,300 Amid Fed and Middle East Uncertainty
Gold (XAU/USD) holds above $4,300 as traders weigh geopolitical risks from Middle East tensions and uncertainty over the proposed US-Iran peace agreement, alongside upcoming monetary policy decisions.
Australian Dollar Holds Losses Following RBA Decision
AUD/USD trades around 0.7050 during Asian hours, struggling to recover after the Reserve Bank of Australia's latest monetary policy decision.
AUD/NZD Falls as RBA Holds Rate at 4.35%
The Australian dollar slipped against the New Zealand dollar after the Reserve Bank of Australia kept its key interest rate unchanged at 4.35%.
Euro May Fall to 1.1500 as Dollar Index Rises Above 99.50
The Dollar Index is trading higher above 99.50 after stronger US IIP data, suggesting the euro could fall back to 1.1500. In cross pairs, EURINR may test 109 before bouncing to 111-112, while EURJPY tests resistance.
RBA Holds Key Rate at 4.35% in June as Expected
The Reserve Bank of Australia kept its Official Cash Rate unchanged at 4.35% at its June meeting, in line with market expectations.
RBA Holds Key Rate at 4.35% in June as Expected
The Reserve Bank of Australia kept the Official Cash Rate unchanged at 4.35% at its June meeting, matching market expectations.
USD/CHF Rises as Swiss Franc Declines on USD Strength
The Swiss Franc weakened against the US Dollar during Asian trading on Tuesday, with USD/CHF recovering from modest losses to trade around 0.7950 as the greenback held steady on broad market caution.
AUD/JPY Softens as BoJ Hikes Rate to Highest Since 1995
The Australian Dollar weakened against the Japanese Yen after the Bank of Japan raised interest rates to their highest level since 1995, pushing the AUD/JPY cross to around 113.20 during Asian trading on Tuesday.
BoJ Hikes Rate to 1% as Expected; Yen Gives Up Gains
The Bank of Japan raised its policy rate by 25 basis points to 1%, matching market expectations. The yen initially strengthened but later surrendered those gains against major peers.
Yen Strengthens After BoJ Rate Hike, USD/JPY Slides to 160.10
The Japanese Yen firmed after the Bank of Japan raised interest rates, pushing USD/JPY down to around 160.10 during Asian hours Tuesday.
Bank of Japan Raises Rate by 25 bps to 1% as Expected
The Bank of Japan raised its short-term interest rate by 25 basis points to 1%, in line with market expectations, after a two-day policy meeting.
Bank of Japan Hikes Rate by 25 bps to 1%
The Bank of Japan raised its short-term interest rate by 25 basis points to 1% on Tuesday, in line with market expectations.
US Dollar Index Holds Near 99.70 Ahead of Fed Meeting
The US Dollar Index remains firm near 99.70 as traders await the Federal Reserve's two-day policy meeting.
GBP/USD Edges Lower to 1.3400 on US Dollar Strength, US-Iran Deal Caution
The British pound slipped against the US dollar during Asian trading on Tuesday, with GBP/USD falling back toward 1.3400 as the greenback found support from cautious market sentiment ahead of expected US-Iran deal developments.
NZD/USD Nears 0.5800 After China Retail Sales Miss Estimates
The New Zealand Dollar weakened toward 0.5800 against the US Dollar after China's retail sales data fell short of expectations, shifting focus to the upcoming Federal Reserve interest rate decision.
AUD Slides to 0.7060 After Weak China Data
The Australian Dollar fell 0.16% against the US Dollar during Asian trading, reaching near 0.7060, as weak economic data from China weighed on risk sentiment.
USD/CAD Steadies Near 1.3990 as US Dollar Holds Ground
USD/CAD remains stronger for the fourth consecutive day, trading around 1.3990 during Asian hours on Tuesday, as the US dollar stabilizes amid caution over US-Iran peace developments.
China Retail Sales Miss Expectations in May, Weighing on AUD
China's retail sales fell 0.6% year-on-year in May, missing the consensus estimate of 0% and down from April's 0.2% gain, pressuring the Australian dollar given the close trade ties.