Market news
Crypto, stocks, forex and macro, aggregated for traders.
Gold Dips as Hawkish Fed, Geopolitical Risks Weigh
Gold (XAUUSD) remains under pressure as markets factor in further Federal Reserve tightening and ongoing geopolitical tensions, supporting the dollar.
GBP Rises Above 1.3200 on Starmer Resignation News
The British Pound climbed past 1.3200 against the US Dollar on Monday, maintaining a mild positive tone despite reports that Prime Minister Keir Starmer resigned.
USD Gains Strength on Hawkish Fed Bets, Higher Yields – MUFG
The US dollar remains firm after last week's breakout, supported by a hawkish repricing of Fed rate hike expectations and a rebound in US yields, according to MUFG analyst Lee Hardman. Markets now see roughly even odds of a near-term Fed hike, despite falling oil prices amid US-Iran progress.
USD/CAD Breakout Signals Extended Downtrend for Canadian Dollar – SocGen
Societe Generale notes that USD/CAD has surged after breaking a descending trend line in place since last year, indicating a momentum shift and potential breakout from a multi-month range, extending the Canadian dollar's downtrend.
AUD/USD Dips Below 0.7000, Approaches 11-Week Low
The Australian Dollar extends losses against the US Dollar for a fifth consecutive day, trading below the 0.7000 level and nearing an 11-week low.
UK PM Starmer Resigns, Nominations Open July 9
UK Prime Minister Keir Starmer has announced his resignation, stating that nominations for a new leader will open on July 9.
AUD/JPY Holds Near 113.10 on Carry Trade Demand
The Australian dollar remains firm against the yen, trading around 113.10 during European hours, supported by ongoing carry trade flows.
UK PM Starmer resigns, nominations open July 9
UK Prime Minister Keir Starmer has announced his resignation, with nominations for a new leader opening on July 9.
UOB: AUD/USD Downward Bias Toward 0.6980
UOB analysts maintain a negative outlook on AUD/USD, targeting a move toward 0.6980 following a quiet period in the pair.
US Dollar Rallies on Middle East Tensions, Inflation Expectations
The US Dollar strengthened at the start of the week amid escalating geopolitical tensions in the Middle East, rising inflation expectations, and weakness in major rivals like the British pound due to an impending change in prime minister.
Dollar Steady in Asian Trading as US Markets Reopen After Holiday
The dollar held steady during Monday's Asian session after a long weekend in the US. With no high-impact data due, fundamentals and risk appetite are expected to drive the greenback.
ECB's Escrivá: Monitor wage second-round effects
European Central Bank policymaker José Luis Escrivá said the ECB needs to watch for second-round effects on wages during a Monday European session.
UOB: GBP/USD Weak Bias, Key Support in Focus After April Low Test
United Overseas Bank analysts note that GBP/USD remains in a corrective phase after testing April's low near 1.3160, with key support levels now under scrutiny.
EUR/GBP Rises to 0.8670 as UK Political Uncertainty Weighs on Pound
The EUR/GBP cross edged higher to around 0.8670 on Monday during early European trading, as the British Pound weakened against the Euro amid political uncertainty in the United Kingdom.
Russian Central Bank Cuts Rate by 25 bps, Signals Hawkish Stance: Commerzbank
Commerzbank notes the Russian Central Bank surprised markets by cutting its key rate by only 25 basis points to 14.25%, against expectations of a 50 bps cut, indicating a hawkish policy stance and limited direct impact on the ruble.
NZD/USD Hovers Near 0.5720 Amid Geopolitical Pressures
The New Zealand Dollar continues to weaken against the US Dollar, trading around 0.5730 and approaching its year-to-date low, as geopolitical risks weigh on sentiment.
Strait of Hormuz Risk Ahead of Major FX Data Releases
The Strait of Hormuz returns to focus as traders prepare for key economic data from Canada, Australia, and the US this week.
Week Starts with Cautious Optimism Amid US-Iran Peace Talks Uncertainty
The new trading week opened on a surprisingly positive note despite ongoing uncertainty over US-Iran peace talks, which were postponed on Friday following renewed Israeli attacks.
GBP/USD Slides to 1.3220 on UK Political Uncertainty
The British pound fell 0.1% against the US dollar to near 1.3220 during early European trading, under pressure from UK political uncertainty.
EUR/USD Seen Consolidating Before Further Decline: UOB
UOB analysts note that EUR/USD remains under pressure after a brief dip to 1.1416, with consolidation expected before a potential slide against the US dollar.
Silver advances to $66.35 on US-Iran peace deal hopes
Silver (XAG/USD) rose to around $66.35 during early European trade on Monday, supported by progress in US-Iran peace talks that eased Middle East tensions.
Indonesian Rupiah Declines as MSCI Warning Sparks Capital Outflows
The Indonesian Rupiah weakened against the US Dollar after an MSCI warning prompted capital outflows, with USD/IDR rebounding to around 17,870 during Asian hours.
AUD/USD Weakens Near 0.7000 on Middle East Uncertainty
The Australian Dollar edged lower to around 0.7005 on Monday as risk-off sentiment weighed, with traders monitoring US-Iran peace deal developments.
EUR/USD Finds Relief But Gains May Be Narrow
EUR/USD has staged a minor recovery after settling below 1.1500 and both the 100- and 200-period SMAs on the 4-hour chart. A low was formed at 1.1471, but upside appears limited.