Market news
Crypto, stocks, forex and macro, aggregated for traders.
BNY: Clients Turn Underweight JPY for First Time Since Q4 2024 on Intervention Uncertainty
BNY reports that clients have become underweight the Japanese yen for the first time since Q4 2024, driven by USD/JPY’s advance and lingering intervention fears that are reshaping carry trade dynamics.
US Dollar Index Slips to Near 101 Ahead of June NFP Data
The US Dollar Index dipped to approximately 101 as the dollar weakened against major peers ahead of the June Nonfarm Payrolls release due at 12:30 GMT.
NZD/USD Rises to 0.5680 on Dollar Weakness Ahead of US NFP
NZD/USD traded higher near 0.5680 on Thursday, gaining 0.16% as the US Dollar weakened ahead of the upcoming Nonfarm Payrolls report.
USD/JPY Sharpest 4-Hour Drop Since May Spurs Intervention Talk
USD/JPY experienced its steepest four-hour decline since May, breaking the 50 EMA and fueling speculation of Japanese official intervention.
Gold to Trade Steadily in H2, WGC Sees $5,000 Ceiling
World Gold Council analysts expect gold prices to remain broadly stable in the second half of the year, oscillating within a 5% range around $4,100 per ounce, with an upside ceiling of $5,000.
Liquidity squeeze deepens South Korean won's slide
The South Korean won is weakening due to a domestic liquidity crunch, not just a stronger dollar. An equity boom, crowded ownership, FX hedging, and short-term funding stress are compounding pressure on the currency.
Commerzbank: US Labor Focus Softens, NFP Impact Waning
Commerzbank strategist Volkmar Baur notes that the US Nonfarm Payrolls release may have diminished market impact as labor focus softens, with recent JOLTS data showing improving hiring trends.
Euro Weakens vs Pound as Softer Inflation, Divided ECB Weigh
EUR/GBP fell 0.21% to around 0.8550 on Thursday, pressured by softer Eurozone inflation data and divisions within the European Central Bank.
USD/JPY Finds Support at 161.00 After Yen Rebound
The US dollar found support around the 161.00 level, a previous resistance area, after the Japanese yen staged a sharp rebound on Friday, raising speculation of potential intervention by Japan’s Ministry of Finance.
Societe Generale: State-Bank Dollar Selling Caps Rupee Gains
Societe Generale notes that state-owned banks in India have been selling dollars for a second day, capping gains for the Indian rupee after USD/INR moved above its 50-day moving average.
ING: Diverging PMI Data Caps Zloty, Polish Growth Still Above 3% in 2026
ING analyst Frantisek Taborsky notes that diverging PMI signals across Central Europe are capping the Polish zloty, though Polish growth is still expected to exceed 3% in 2026 amid softer inflation and a dovish central bank outlook.
Risk-Off Sweeps Markets Ahead of US Payrolls, Yen Intervention Looms
Asian equities tumbled overnight as a reassessment of AI capex hit semiconductor stocks, with the SOX falling 6%, Kospi nearly 8%, and Nikkei 2%. All eyes are now on US payrolls data and potential yen intervention before the extended weekend.
Silver Rises to $59.92, Up 1.38% on Thursday
Silver prices (XAG/USD) rose on Thursday, trading at $59.92 per troy ounce, a 1.38% increase from $59.10.
UOB Sees Building Upside Potential for US Dollar Index
UOB strategist Quek Ser Leang notes a constructive technical backdrop for the US Dollar Index, drawing parallels with basing patterns observed in 2021 and 2025.
TD Securities Expects RBNZ to Hike 25bps to 2.50% Next Week
TD Securities forecasts the Reserve Bank of New Zealand will raise the Official Cash Rate by 25 basis points to 2.50% at its upcoming meeting, noting policy remains too accommodative.
EUR/CAD Rises as Eurozone Unemployment Rate Dips to 6.2%
EUR/CAD climbed to around 1.6200 on Thursday after Eurozone unemployment fell to 6.2% in May, beating the 6.3% forecast.
Japanese Yen Gains as Inflation Signals Strengthen – Commerzbank
Commerzbank notes strong Japanese activity data, with manufacturing PMI at 54.8 and Tankan business conditions index at its highest since..., bolstering inflation signals for the yen.
GBP Strengthens Against EUR After Head and Shoulders Breakout – SocGen
Societe Generale strategists note that EUR/GBP completed a head and shoulders pattern, breaking below its neckline at 0.8610, which now acts as resistance, signaling further sterling gains.
Euro Upside Capped by Fed Story, Softer Inflation – ING
ING analyst Chris Turner highlights softer Eurozone inflation and questions over a September ECB hike, capping the euro's upside against the US Dollar.
Australian Dollar Consolidates Near 0.6900 Ahead of US NFP
The Australian Dollar traded flat against the US Dollar on Thursday, consolidating after a nearly 4% decline in June, with the pair moving within a 65-pip range ahead of US Nonfarm Payrolls data.
Silver Rises to Near $59.65 as US Dollar Weakens Ahead of NFP Data
Silver (XAG/USD) gained 0.9% in European trading on Thursday, approaching $59.65, supported by a weaker US Dollar ahead of the upcoming Nonfarm Payrolls report.
ECB Dovishness Likely as Price Pressures Ease, PMI Rises
Easing price pressures following the US-Iran deal and lower energy costs are paving the way for a dovish ECB, as the composite PMI unexpectedly rose to 49.5 in June.
Euro Slides vs Yen on Suspected Japan Intervention
The euro dropped nearly 0.5% against the Japanese yen on Thursday, trading near 184.00 during the European session, amid suspected intervention by Japanese authorities.
AUD/USD Neutral in Broader Downtrend – UOB
UOB notes AUD/USD has entered tight consolidation after a rebound to 0.6930, with intraday range expected between 0.6880 and 0.6920.