Market news
Crypto, stocks, forex and macro, aggregated for traders.
India HSBC Composite PMI Dips to 57.1 in June, Misses Estimates
India's HSBC Composite PMI was revised down to 57.1 in June from 57.4, missing market expectations. The data may weigh on the Indian Rupee.
USD/CHF Slides to 0.8020 as US Dollar Weakens on Labor Data
The Swiss franc strengthened against the US dollar, pushing USD/CHF to 0.8020, as disappointing US labor data reduced expectations of further Fed rate hikes.
Dollar Index Expected to Rise to 101-101.50 Next Week After NFP Dip
Weaker-than-expected US NFP data triggered a decline in the Dollar Index, but analysts anticipate a gradual recovery towards 101-101.50 next week. US treasury yields remain elevated.
Asian Stocks Stabilize After Tech-Led Losses; Oil Eyes Weekend
Asian equity markets rebounded slightly following two days of heavy tech-led selling, while oil prices showed signs of positioning ahead of the weekend.
GBP/USD Rises Above 1.3350 but Capped Below 100-Day MA
The GBP/USD pair is trading higher near 1.3360 during early European trade on Friday, supported by a weaker-than-expected US Nonfarm Payrolls report. However, gains remain limited below the 100-day moving average.
EUR/USD Trades Cautiously Higher Near Mid-1.1400s Amid Mixed Setup
EUR/USD attracted dip-buyers during Asian trading on Friday, halting a modest pullback from the 1.1470-1.1475 region. The pair is edging higher near the mid-1.1400s as the setup remains mixed.
AUD/JPY Holds Gains Near 112.00, Bearish Bias Persists
The AUD/JPY cross is trading around 111.75 in early European trading on Friday, holding modest gains. However, the pair remains below key moving averages, keeping the bearish bias intact.
Gold Advances to $4,200 Neighborhood as Fed Rate Hike Bets Diminish
Gold (XAU/USD) extends its recovery for a third straight day, approaching $4,200, as reduced expectations of Federal Reserve rate hikes weigh on the US dollar.
Indonesian Rupiah Weakens as Trade Deficit Widens in May
The Indonesian rupiah declined against the US dollar, with USD/IDR trading around 18,000 during Asian hours Friday, following a May trade deficit that raised economic concerns.
US Dollar Index Slips to 100.80 as Traders Reassess Hawkish Fed Bets
The US Dollar Index (DXY) edged lower to near 100.80 during Asian trading as market participants reconsider their expectations for aggressive Federal Reserve tightening.
Silver (XAG/USD) Rises Above $62.50 as Fed Rate Cut Bets Ease
Silver extended its gains for a fourth consecutive session, trading around $62.60 per troy ounce during Asian hours as market expectations for Federal Reserve rate cuts moderated.
NZD/USD Holds Firm Above 0.5700 After Chinese Services PMI
The New Zealand Dollar traded around 0.5705 against the US dollar in Asian hours on Friday, supported by better-than-expected Chinese services sector data. US markets will be closed for the Independence Day observance, limiting trading volume.
AUD/USD Extends Gains as China Services PMI Supports Aussie
The Australian Dollar strengthened against the US Dollar for a second day, recovering from an Asian session dip to 0.6910, after China's Services PMI data boosted risk sentiment.
Canadian Dollar Weakens as Oil Prices Slide, USD/CAD Rises
USD/CAD edged higher to around 1.4190 during Asian trading on Friday, supported by declining crude oil prices and mixed U.S. economic data.
Yen Reverses Asian Losses on Intervention Risks, USD/JPY Slides
The Japanese Yen strengthened against the US Dollar in European trade, erasing modest Asian session gains as intervention fears persist. USD/JPY fell for a second consecutive day after peaking near 161.50.
Japan Finance Minister Katayama Ready to Act on FX Moves
Japan's Finance Minister Satsuki Katayama stated on Friday that officials are prepared to take appropriate action on currency fluctuations, but declined to comment on specific currency levels.
PBOC Sets USD/CNY Reference Rate at 6.8047
The People's Bank of China set the USD/CNY central parity at 6.8047 for Friday's trading session, down from Thursday's fix of 6.8088 and above the Reuters estimate of 6.7808.
GBP/USD Rises to Near 1.3350 as Weak US Jobs Data Pressures Dollar
The British Pound strengthened to near 1.3350 against the US Dollar after a weaker-than-expected US Nonfarm Payrolls report weighed on the greenback.
Euro Drops to 1.1420 as Softer Inflation Dents ECB Rate Hike Expectations
EUR/USD fell to around 1.1420 during Asian trading on Thursday, pressured by a weaker Eurozone inflation outlook that reduces expectations for ECB rate hikes, even as the US dollar strengthens despite disappointing US labor data.
USD/CNH Consolidation Expected After Weakness Fades – UOB
UOB analyst Quek Ser Leang reports that USD/CNH is consolidating after a decline to 6.7865, with the pair trading between 6.7911 and 6.8025 and closing at 6.7948. Intraday action is expected to remain within a narrow range.
Iran Warns of ‘Decisive Response’ to Any US ‘Miscalculation’ in Strait of Hormuz
Iran's joint military command has warned that any US interference in the Strait of Hormuz will be met with a decisive and swift response, as tensions continue to affect negotiations, according to Aljazeera.
AUD/USD Spikes on Soft US Payrolls, Reverses Gains
AUD/USD briefly surged toward 0.6950 after weak US payrolls data, but pared most gains to close lower, remaining a passenger in dollar-driven moves.
Gold Gains Momentum Above $4,100 After Weak US NFP Data
Gold price climbed to around $4,125 during early Asian trading on Friday, extending its rally after weaker-than-expected US Nonfarm Payrolls data dampened expectations of further Fed rate hikes.
USD/KRW Breaks Above 1,550 as Won Weakens Despite Export Strength – Societe Generale
Societe Generale reports that the South Korean Won remains under selling pressure, with USD/KRW clearing the 1,550 psychological level. The currency’s weakness persists even as export growth and the trade surplus remain strong.