Market news
Crypto, stocks, forex and macro, aggregated for traders.
UOB: Singapore Dollar’s Upside Capped Against US Dollar
USD/SGD stayed broadly flat on Wednesday, trading between 1.2804 and 1.2825, according to UOB analysts.
XM Launches GOLD24-7 Product For Weekend Trading
XM introduces GOLD24-7, a seven-day gold trading instrument that lets clients trade gold over the weekend.
ING Economists Warn of Renewed Inflation Risks for Philippine Peso
ING economists Deepali Bhargava and Lynn Song warn that recovering oil prices, El Niño fears, and rising global rice and fertilizer costs are fueling upside inflation risks for the Philippine peso.
Mexican Peso Gains for Tenth Day After Banxico Holds Rates Steady
The Mexican peso climbed for a tenth consecutive session on Thursday after the Bank of Mexico kept its benchmark rate unchanged, with USD/MXN dipping to 17.21.
New Zealand Dollar Slips as Stronger Greenback Weighs on Kiwi
NZD/USD fell to near 0.5900, driven by broad US dollar strength rather than domestic factors, with the DXY pushing back toward the 100.00 level.
Dollar Firms Near 100 as Hormuz Vessel Ban Lifts Oil Before Payrolls
The US Dollar rallied against all major currencies on Thursday, pushing the DXY near 100.00, as a reported vessel ban in the Strait of Hormuz sent oil prices up 3% ahead of the Nonfarm Payrolls report.
UOB Sees Extended BoT Pause as Thai CPI Misses on Fuel Slide
Thailand’s July CPI undershoot, driven by cheaper fuel, supports the Bank of Thailand keeping rates on hold for longer, according to UOB economists.
ING: BI Governor Resignation Fuels Policy Uncertainty, Weighs on Rupiah
ING economists say the surprise resignation of Bank Indonesia’s governor is creating policy uncertainty, dragging the rupiah lower against the dollar just as sentiment had started to improve.
USD/JPY Retakes 200-Day SMA as Dollar Recovers After Intervention
USD/JPY climbed 0.41% to clear the 200-day SMA at 158.06, recovering ground after two days of FX intervention by US and Japanese authorities.
Australian Dollar Holds Above 0.7000 as Broad USD Strength Overrides Oil Gains
AUD/USD retreated 0.36% but remained above the 0.7000 level, erasing Wednesday’s advance as the US dollar strengthened across the board. The DXY rose 0.28% toward the 100.00 mark.
South Korea to Expand Gold Reserves via Domestic Buying Program
South Korea announced a program to increase its gold reserves through domestic purchases, amid a global surge in central bank gold buying.
USD/CHF Bulls Reclaim 0.8100 After Bouncing Off 50-Day SMA
The USD/CHF pair rose over 0.60% on Thursday, snapping a two-day losing streak, as strong US jobs data and support at the 50-day SMA fueled a recovery above 0.8100.
Oman-Iran Plan Bars US, Israeli Ships from Strait of Hormuz
Details of a new Oman-Iran management plan for the Strait of Hormuz reportedly exclude vessels from the US, Israel and other 'hostile' nations, raising geopolitical risks.
XAG/USD Under Pressure as Dollar Rebounds Ahead of US Jobs Data
Silver trades 1.73% lower to around $60.95 on Thursday as a stronger US Dollar and profit-taking weigh on the metal ahead of the key US jobs report.
Pound Holds Firm vs Dollar Despite Upbeat US Jobs Data, Eyes on NFP
GBP/USD steadied near 1.3466 on Thursday, bouncing off session lows, as robust US labor figures set the stage for Friday's Nonfarm Payrolls report.
Gold Near Seven-Week High as Hormuz Risks and Softer Dollar Fuel Rally
Gold (XAU/USD) is trading around $4,260 after a 4% spike, supported by a weaker US dollar, declining Treasury yields, and revived geopolitical risk premium from Strait of Hormuz tensions.
USD/CAD Rebounds Above 1.4000 as Traders Eye US, Canada Jobs Data
USD/CAD recovered from an intraday slip below the 1.4000 level on Thursday, with the US dollar snapping a two-day losing streak as markets positioned for Friday's employment reports from the US and Canada.
USD Resilient as Gulf Diplomacy Yields Fragile Calm
Qatari-brokered talks between Iran and Oman are met with cautious optimism, supporting the US dollar as geopolitical tensions in the Gulf region subside slightly.
XS.com Hires Andreas Achniotis to Lead Growth of Its Partner Program
XS.com has hired Andreas Achniotis as Head of Affiliates to grow its partner program and support global expansion.
EUR/USD Recovery Stalls Near 1.1550 Resistance, Scotiabank Says
The euro's rally against the U.S. dollar paused after hitting mid-June highs, with spot nearing fair value estimates based on 2-year yield spreads, according to Scotiabank.
RBI Keeps Rate at 5.25% as Rupee Gains but Faces Ceiling
The Reserve Bank of India held rates steady, providing temporary support for the rupee, but resistance levels may cap further appreciation.
Japanese Yen Weakens Further as US Jobless Claims Hold Steady
USD/JPY edges higher near 158.20 for the fourth straight session, reversing some of last week's losses after coordinated Japan-US intervention.
XM launches GOLD24-7, bringing weekend gold trading to its clients
XM has launched GOLD24-7, a gold trading instrument that allows clients to trade gold seven days a week, including weekends, as part of its expanded product offering.
Foreign Inflows to Bolster Indian Rupee vs US Dollar: ING
ING economists Deepali Bhargava and Lynn Song note that the Indian Rupee has lost some of its June gains due to US-Iran tensions and rising oil prices, but they expect foreign inflows to provide support against the dollar.