Market news
Crypto, stocks, forex and macro, aggregated for traders.
Societe Generale: INR Support via Capital Inflows, Not Tightening
Societe Generale notes the Indian government and RBI are relying on capital inflows to support the rupee rather than adopting tighter monetary policy.
ECB Hikes 25bp, Oil Prices Key to Dovish Outlook
The ECB delivered a 25bp rate hike as expected, but markets sought stronger forward guidance. Lower oil prices are acting as a dovish counterbalance, though renewed Iran tensions could push rates up.
AUD/USD Rebound Tests 0.7060 Resistance – UOB
AUD/USD's sharp rebound from 0.6979 to 0.7055 has room to extend toward 0.7060, but a clear break above this level is seen as unlikely near-term, according to UOB analysts.
Nomura Warns of USD Reversal Risks Despite Bullish Consensus
Nomura strategists note that while the US dollar’s bullish case is supported by strong data and Fed expectations, historical patterns around data surprises suggest downside risks ahead.
MUFG: US-Iran Deal Optimism Boosts EUR/USD
MUFG analyst Lee Hardman notes that renewed optimism over a potential US-Iran agreement has strengthened the euro against the dollar, pushing EUR/USD higher.
ECB's Kocher: Too Early to Predict July Rate Decision
ECB Governing Council member Martin Kocher said it is too early to discuss the central bank's July interest rate decision.
GBP/JPY Holds Gains on Weaker Yen Despite Disappointing UK Data
GBP/JPY regained positive traction during European trading, supported by a broadly weaker JPY, despite unimpressive UK economic data.
Japanese Yen Trades Back to Intervention Levels Despite Expected BoJ Hike
The Japanese Yen continues to face downside pressure against the US Dollar, trading at levels that have historically triggered intervention, despite widespread expectations of a BoJ rate hike.
Euro Gains Against Yen on ECB Rate Hike Hopes
The euro rose 0.12% against the Japanese yen during European trading, reaching near 185.45, as expectations for further ECB interest rate hikes bolstered the single currency.
Commerzbank: Indian Rupee Downside Risks Limited by Policy Support
Commerzbank analysts note that the Indian Rupee has weakened sharply against the dollar in 2026 due to higher oil prices and portfolio outflows, but policy support is limiting further downside risks.
USD/CHF Rebounds from EMA Support, Trades Above 0.7950
USD/CHF recovered from modest losses, trading around 0.7960 during European hours on Friday. The pair remains within an ascending channel, indicating continued bullish momentum.
NZD/USD Dips Below 0.5850 as Hot US PPI Fuels Dollar Strength
The New Zealand Dollar weakened against the US Dollar, falling below 0.5850 to around 0.5820, after stronger-than-expected US Producer Price Index data boosted the greenback.
US Dollar Index Holds Gains Near 99.80 on Risk Aversion, Hawkish Fed
The US Dollar Index (DXY) is trading around 99.80 during early European hours, extending gains as risk aversion and a hawkish Federal Reserve outlook support the dollar.
Warsh May Follow ECB Into Tightening Cycle Amid Energy Surge
Fed Chair Kevin Warsh may shift to a tighter monetary policy following the ECB, as the Iran conflict drives energy prices higher, altering global rate expectations for 2026.
UK GDP Falls 0.1% in April, Pound Edges Higher
The British Pound strengthened slightly after data showed UK GDP contracted 0.1% month-on-month in April, with GBP/USD recovering early losses.
ECB Hawkish Tone Fails to Boost Euro as Rate Path Already Priced In
Commerzbank analysts note that while the ECB sounded slightly hawkish, markets have already priced in two more rate hikes, leaving the euro softer after Lagarde's cautious remarks.
Silver Price Forecast: XAG/USD Could Rebound Toward $67.00 Amid Bullish Reversal Pattern
XAG/USD edged lower but is forming a falling wedge pattern on the daily chart, signaling a potential bullish reversal around the $67.00 level.
ECB's Nagel: All Options Open for July After Rate Hike
ECB Governing Council member Joachim Nagel stated that the central bank is keeping all options open for the July meeting, explaining that the recent rate hike was necessary due to the indirect effects of high energy prices.
ECB Hikes Rates 25 Bps with Hawkish Tone, US Yields Drop Sharply
The ECB raised rates by 25 basis points and hinted at further tightening, while US Treasury yields declined sharply in early trading.
GBP/USD Stays Capped Below 100-Day SMA Ahead of UK GDP Data
GBP/USD trades flat near 1.3415 as traders await UK monthly GDP data. The pair remains capped below the key 100-day simple moving average.
AUD/JPY edges higher to 112.80 as peace hopes boost risk sentiment
AUD/JPY rose to around 112.80 in early European trading on Friday, supported by optimism over a potential Middle East peace deal. The pair remains in a bullish structure despite fading upside momentum.
RBA to Hold Cash Rate at 4.35% on June 16 – Reuters Poll
A Reuters poll shows that 42 of 45 economists expect the Reserve Bank of Australia to keep its official cash rate unchanged at 4.35% at its June 16 meeting, pausing after three consecutive hikes.
USD/JPY rises past 160.00 on Mideast tensions, yen weakens
The USD/JPY pair climbed further beyond 160.00 during Asian trading on Friday, moving away from a one-week low as escalating Middle East tensions undermined the Japanese yen.
Indonesian Rupiah Declines as US-Iran Military Tensions Rise
The Indonesian rupiah weakened against the US dollar, with USD/IDR trading around 17,950 during Asian hours on Friday. Renewed military friction between the US and Iran boosted safe-haven demand for the greenback.