Market news
Crypto, stocks, forex and macro, aggregated for traders.
Gold Price Slides as AI Rout Fuels US Dollar Flight
Gold (XAU/USD) dropped over 1.30% on Tuesday, reversing Monday’s gains, as a hawkish Federal Reserve and risk-off sentiment boosted the US Dollar. An AI-driven market rout further fueled demand for the greenback as a safe haven.
Commerzbank: Weak KRW, Hawkish BoK Expectations Persist
Commerzbank notes strong South Korean export momentum but says the won remains one of Asia's weakest currencies, with hawkish Bank of Korea expectations still supporting the case for a weaker KRW.
AUD/USD Falls Near Three-Month Low Ahead of Australian CPI
The AUD/USD fell to near 0.6920 on Tuesday as traders await the Australian Consumer Price Index for clues on RBA policy.
Colombia Elects Right-Wing Populist Abelardo de la Espriella
Right-wing populist candidate Abelardo de la Espriella won Colombia's presidential runoff on June 21, with record voter turnout.
Yen Steadies as USD/JPY Rally Shows Exhaustion – Scotiabank
The Japanese Yen edged higher on Tuesday, outperforming G10 peers as stronger PMI data signaled improving growth, according to Scotiabank strategists. They note signs of exhaustion in the USD/JPY advance amid narrowing yield spreads.
Aussie Dollar Loses Momentum, Fails to Find Catalyst for Reversal
The Australian Dollar continues to decline, lacking a catalyst to halt its fall or reverse course.
Silver Challenges 2026 Lows as Hawkish Fed Weighs
Silver trades near $62 per ounce, close to the 2026 low of $61.01, pressured by a hawkish Fed stance and easing Middle East tensions.
EUR/GBP Steadies as Weak UK PMIs Offset by Resilient Eurozone Data
EUR/GBP remained little changed on Tuesday after a sharp decline the prior day, as contrasting PMI data from the UK and Eurozone balanced each other.
USD/JPY Holds Neutral as Markets Weigh US PMIs and ADP Data
The USD/JPY pair traded in a neutral zone on Tuesday as investors digested the latest US PMI figures and ADP employment data, awaiting a stronger catalyst from the Federal Reserve.
British Pound Slides on UK Political Uncertainty, Strong US PMI
The British Pound fell over 0.40% on Tuesday as risk appetite soured amid UK political uncertainty and a hot US PMI print. GBP/USD traded at 1.3195 after reaching a daily high.
RBA Steady Rate Supported by Slowing Demand – TD Securities
Softer Australian PMI data, featuring weaker new orders and moderating price pressures, supports the Reserve Bank of Australia keeping its cash rate unchanged at 4.35%, according to TD Securities.
Canadian Dollar Slides to Multi-Month Low as Fed Rate Hike Bets Rise, Oil Weighs
USD/CAD climbed to 1.4190 on Tuesday, extending its winning streak to four days and hitting the highest level since April, driven by rising Fed rate hike expectations and falling oil prices.
Euro Area Composite PMI Holds at 49.5 in June, Signaling Contraction
Euro area business activity remained in contraction in June with the composite PMI at 49.5, according to Nomura strategists, pointing to weak growth and persistent price pressures.
GBP Softens on Disappointing PMI, CBI Data – Scotiabank
The British Pound weakened against the US Dollar after weaker-than-expected PMI and CBI survey data, with fiscal concerns also limiting any rebound, according to Scotiabank strategists.
BoE's Taylor: Weak Economy Supports Holding Rates
Bank of England policymaker Alan Taylor said the UK enters the current shock with a very weak economy and argued that keeping interest rates on hold for an extended period remains the most appropriate policy response.
Canadian Dollar Softens as USD Rally Persists – Scotiabank
Scotiabank strategists note the Canadian Dollar remains soft despite a modest gain against the US Dollar, supported by firmer May CPI and stable US-Canada spreads.
Silver Slides Over 4% as Dollar Hits One-Year Highs on Fed Hawkish Stance
Silver (XAG/USD) dropped more than 4% on Tuesday as the US Dollar surged to near one-year highs, fueled by a hawkish Federal Reserve policy meeting that reinforced expectations of higher-for-longer interest rates.
Eurozone PMIs Show Two-Speed Recovery in June: TD Securities
TD Securities notes June Eurozone PMIs highlight a divergence between stabilizing German manufacturing and continued weakness in France.
Eurozone PMI Weakness Challenges ECB Tightening Case
BNY analyst Geoff Yu notes that Eurozone PMIs remain weak despite a slightly better composite reading, with Germany and France underperforming.
US Dollar Index Breakout Risks Build on Hawkish Fed – OCBC
OCBC's Sim Moh Siong notes the US Dollar is supported by higher Treasury yields and a more hawkish Federal Reserve path, with leaner communication likely to boost FX volatility.
Stocks Slide, Tech Hit, Dollar Rises as Yen Draws Caution
US equity futures point lower as tech unwinding weighs, while the dollar strengthens and traders grow cautious on the yen. South Korea's Kospi fell 10% today but remains up nearly 95% for the year.
TD Securities Sees Australian CPI Easing to 4.2% YoY in May
TD Securities forecasts Australia's headline CPI to slip to 4.2% year-on-year in May, driven by lower transport and recreational costs, which could keep the RBA on hold.
EUR/USD Price Forecast: Testing 11-Month Lows Amid Broad USD Strength
The euro extends losses against the dollar, testing 11-month lows near 1.3991 as the greenback rallies on Fed tightening expectations and cautious market sentiment.
Japan Yen Intervention Risk Rises After US Treasury Call: BNY
BNY analyst Geoff Yu warns that Japanese yen intervention risk has increased following a call between Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent, with both sides reaffirming that bold FX action remains possible.