Market news
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Silver (XAG/USD) Falls Near $63.00 as Bearish Bias Persists
XAG/USD declined over 3% during Asian hours, trading around $63.20 after a brief gain, maintaining a bearish outlook.
Gold Weakens Below $4,150 on Iran Uncertainty and Fed Hike Bets
Gold (XAU/USD) slipped below $4,150 during Asian trading on Tuesday, reversing previous gains as a bullish US dollar and concerns over Iran tensions and Federal Reserve rate hike expectations weighed on the precious metal.
Swiss Franc Holds Losses Below 0.8100 as Firm Fed Rate Hike Bets Weigh
The Swiss Franc remains under pressure near 0.8088 against the US Dollar during Asian trading, as strong expectations for further Fed rate hikes support the greenback.
AUD/USD Extends Losses for Sixth Day Despite Better Aussie PMI
The Australian dollar weakened for a sixth straight session, trading near 0.6980, even as preliminary S&P Global PMI data for Australia came in stronger than expected.
US Dollar Index Holds Near 13-Month Highs Around 101.00
The US Dollar Index (DXY) remains steady near 101.00, close to 13-month highs, during Asian trading hours after modest gains the previous day.
NZD/USD Extends Slide Near 0.5700 on Hawkish Fed
The NZD/USD pair fell for a fifth straight session, trading around 0.5705 during Asian hours Tuesday, pressured by a stronger US dollar following hawkish Federal Reserve comments.
Japan's Kihara Warns of Possible FX Intervention
Japan's Chief Cabinet Secretary Minoru Kihara stated that authorities will take appropriate action against foreign exchange moves if needed, signaling potential intervention.
USD/CAD Stays Near Multi-Month High on Bearish Oil, BoC-Fed Divergence
The USD/CAD pair edges higher in Asian trading, supported by falling oil prices and diverging monetary policy expectations between the Bank of Canada and the Federal Reserve.
Silver dips to $64.50 as hawkish Fed pressures prices
Silver (XAG/USD) fell over 1% on Tuesday, trading near $64.50, as a hawkish Federal Reserve outlook weighed on the non-yielding metal.
British Pound Weakens Below 1.3250 as UK Prime Minister Keir Starmer Resigns
GBP/USD fell to near 1.3245 in early Asian trading on Tuesday as political uncertainty in the UK weighs on the pound following Prime Minister Keir Starmer's resignation.
Japan’s Katayama Confirms Market Coordination Talks with US Treasury’s Bessent
Japan’s Finance Minister Satsuki Katayama held virtual talks with US Treasury Secretary Scott Bessent on Monday, discussing global financial markets and the Iran conflict.
PBOC Sets USD/CNY Reference Rate at 6.8171, Up From 6.8150
The People's Bank of China set the USD/CNY central rate at 6.8171 for the current trading session, compared to the previous fix of 6.8150, according to Reuters.
US Government Posts Large Budget Deficit as Tariff Revenue Goes Negative
After a surplus in April from income tax receipts, the U.S. government recorded a significant deficit in the latest period, with tariff revenue turning negative.
Japanese Yen Flatlines Near 161.50 as Intervention Fears Persist
USD/JPY holds steady near 161.55 during early Asian trading, with traders cautious over potential intervention by Japanese authorities despite progress in US-Iran peace talks.
HFM Among Forex Firms Probed as Thai DSI Seizes $1.8M in Ponzi Raid
Thailand's Department of Special Investigation named HFM among unlicensed forex brands cited by victims in a raid that seized $1.8 million and froze 70 bank accounts.
Dukascopy Becomes First Swiss Bank to Launch AI-Powered Trading via MCP
Dukascopy Bank launched AI-powered trading through chat assistants such as ChatGPT and Claude via a new Model Context Protocol server to JForex demo accounts.
Capital.com Enters South Africa Under Dual FSCA Regulatory Licence
Capital.com received dual approval from South Africa's FSCA, authorised as an Over-the-Counter Derivatives Provider and a Category 1 Financial Services Provider.
CMC Invest Launches AI Tool CMC Intelligence
CMC Invest launched CMC Intelligence, an AI tool developed with Telescope AI providing portfolio- and instrument-level insights across shares, ETFs and cryptocurrencies.
Amana Simplifies Halal Investing with Sharia-Compliant Asset Labels
Amana partnered with Zoya to introduce a real-time system marking Sharia-compliant assets inside its trading app for MENA investors.
INFINOX in Advanced Talks to Buy Admirals
INFINOX confirmed it is in advanced talks to acquire a partial or full ownership stake in Admirals, though no transaction had been finalised.
Gold Steadies Near $4,190 as US–Iran Talks Offset Fed Hawkishness
Gold prices trade flat around $4,190 during early Asian hours as traders weigh progress in US–Iran peace negotiations against a hawkish Federal Reserve stance.
AUD/USD Slips Below 0.7000 as Dollar Gains on Fed Repricing, Iran Talks
The Australian dollar fell below 0.7000 on Monday, pressured by a stronger US dollar as markets repriced Fed expectations and weighed ongoing US-Iran talks in Switzerland.
Australia Manufacturing PMI Rises to 51.2 in June, Signals Expansion
The preliminary S&P Global Manufacturing PMI for Australia increased to 51.2 in June from 50.7 in May, indicating expansion in the sector and supporting a bullish view on AUD/USD.
Euro Falls 0.37% Against USD on Iran Optimism and Lagarde Remarks
The euro declined 0.37% against the US dollar on Monday as positive news on US-Iran talks boosted the greenback, while ECB President Lagarde's comments tempered hawkish expectations on inflation.