Market news
Crypto, stocks, forex and macro, aggregated for traders.
GBP/USD Slides Below 1.3250 After Failing at 23.6% Fibo
The GBP/USD pair retreated during Asian trading on Wednesday, falling below 1.3250 after failing to breach the 23.6% Fibonacci retracement level near 1.3275.
AUD/JPY Price Forecast: Softens Below 112.50, Bias Turns Mildly Bearish
The AUD/JPY cross edged lower to around 112.20 in early European trading as the Japanese Yen strengthened on intervention fears.
Gold Hovers Near YTD Low Below $4,000 on Iran Risks, Fed Hike Bets
Gold (XAU/USD) slips back below $4,000 during Asian session, pressured by Iran geopolitical risks and expectations of a Federal Reserve rate hike that bolster the US dollar.
Silver slips below $58 on US-Iran peace uncertainty
Silver (XAG/USD) fell nearly 1% in Asian trading, dipping below $58 as geopolitical tensions between the US and Iran weigh on the precious metal.
USD/CAD Rises as Geopolitical Tensions Boost Safe-Haven Demand
USD/CAD recovered recent losses, trading around 1.4220 during Asian hours on Wednesday, as the US Dollar strengthened on safe-haven demand amid US-Iran Doha talks uncertainty.
Gold Reverses Brief Recovery, Nears 7-Month Low at $3,942
Gold failed to hold above $4,000 in early Wednesday trade, falling back toward seven-month lows near $3,942, as downside bias persists.
New Zealand Dollar Holds Losses Near 0.5665 After China PMI Data
NZD/USD remains under pressure around 0.5665 during Asian trade on Wednesday, extending losses after weaker Chinese economic data.
AUD/USD Stays Below 0.6900 After China PMI Weighs
The AUD/USD pair remains below the 0.6900 level, pressured by a stronger US dollar and disappointing Chinese manufacturing data.
Japanese Yen Sinks to Fresh Low Since 1986 Against USD
The USD/JPY pair continues to climb, reaching a new multi-decade high as the wide US-Japan interest rate differential persists.
PBOC Sets USD/CNY Reference Rate at 6.8067
The People's Bank of China set the USD/CNY central parity rate at 6.8067 on Wednesday, slightly lower than the previous fix of 6.8109, and below the Reuters estimate of 6.7795.
Euro declines to near 1.1400 as softer German inflation undercuts ECB hike bets
EUR/USD slipped to around 1.1410 in early Asian trading on Wednesday, pressured by reduced expectations for aggressive ECB tightening following softer German inflation data.
GBP/USD Weakens Below 1.3250 on UK Political Risks, BoE Repricing
The British pound slipped below 1.3250 against the US dollar during early Asian trading, pressured by political uncertainty in the UK and shifting expectations for Bank of England policy.
CMC Markets Scores Multi-Year Partnership with Everton Football Club
CMC Markets announced a multi-year Main Club Partnership with Everton FC, becoming front-of-shirt sponsor across the Men's, Women's and Under-21 kits from 2026/27.
USD/SGD Risks Skewed to Downside as Momentum Fades – OCBC
OCBC’s Christopher Wong notes that USD/SGD has slipped, with bullish momentum fading and RSI declining, leaving risks tilted to the downside.
OCBC: Asian FX May See Selective Recovery on Softer USD
OCBC’s Christopher Wong suggests Asian currencies could find a breather if the US dollar weakens, noting that much of the Fed’s hawkish stance and US data strength are already priced in. Contained oil prices may also ease external balance and inflation pressures for net oil importers.
Gold Flatlines Near $4,000 as US-Iran Talks and Employment Data Awaited
Gold price (XAU/USD) trades on a flat note around $4,015 during early Asian trading on Wednesday, with traders focused on US-Iran talks in Doha and upcoming employment data.
Lower Oil Seen Supporting Demand, Keeping Dollar Strong
Lower oil prices may boost demand more than they reduce inflation, reinforcing the Fed's stance and keeping the dollar and front-end yields in control.
USD/SGD Range-Bound as Upside Momentum Fades: UOB
UOB's Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, keeping the pair range-bound.
Euro Stalls as Fed Hike Bets Offset Cooler Eurozone CPI
The euro failed to gain traction against the US dollar on Tuesday, holding steady near 1.1400 as economic data from both the Eurozone and the US had little impact on the pair.
Thai Baht Recovery Seen Shallow Without USD Fade – OCBC
OCBC notes USD/THB's recent rebound faces resistance near 33.40, with Thai baht weakness driven by broad USD strength and equity outflows. The bank says any recovery will be limited unless the USD fades.
Silver Stalls Below $60 as Bears Eye $55
Silver gained over 1.5% on Tuesday but remains under pressure below $60 as rising US yields and a firm dollar cap upside, with bears targeting $55.
USD/CNH confined to narrow range, downside risk persists – UOB
United Overseas Bank (UOB) analyst Quek Ser Leang notes that USD/CNH remains range-bound, with near-term expectations for the Dollar to trade between 6.7940 and 6.8080, while downside risk stays intact.
US Dollar Neutral Near 101.20 as Fed Rate Hike Bets Persist
The US Dollar Index traded neutrally around 101.20 on Tuesday as investors weighed mixed US data and ongoing hawkish Fed expectations.
Gold rises above $4,000, heads for 11% monthly loss
Gold (XAU/USD) edged up 0.35% on Tuesday, trading above $4,000, but remains on track for a monthly decline of over 11% after falling from highs near $4,500.