Market news
Crypto, stocks, forex and macro, aggregated for traders.
FXStreet Launches Propinder: Compare Prop Firm Challenges Based on Your Trading Profile
FXStreet introduces Propinder, a free and independent tool that allows traders to compare prop firm challenges based on their actual trading profile, with rules and drawdowns visible upfront.
Canadian Dollar Shifts Correlation from Crude Oil to Gold
The Canadian dollar, traditionally seen as a petro-currency, is now showing a stronger correlation with gold prices than crude oil, even as Middle East tensions keep oil bid.
Euro Falls Despite ECB Rate Hike
The euro weakened in the same period that the European Central Bank delivered its first rate hike in years, defying conventional market logic.
US Dollar Index rallies on Fed rate outlook
The US Dollar Index (DXY) has rallied this week, surprising markets that had dismissed a strengthening dollar, as the prospect of a Federal Reserve rate hike gains traction.
US Dollar Loses Momentum Ahead of PCE Data and Fed Decision
The US dollar is losing momentum as markets await key PCE inflation data and the first Fed policy decision under Chair Kevin Warsh. Global PMI releases and other central bank meetings are also in focus.
Silver Slides Below 200-Day SMA as Dollar Strengthens, Bears Eye $61
Silver fell over 3.32% on Friday, losing the 200-day SMA support, as the US Dollar rallied and Treasury yields rose on hawkish Fed signals.
USD/CAD Uptrend Intact, Bulls Eye 1.4200
USD/CAD extended gains during the North American session, up 0.27% on Friday and over 1.34% for the week, maintaining an upward bias as it targets last year's highs near 1.4200. The pair traded at 1.4175 after recovering from daily lows.
AUD/USD Flat as Hawkish Fed and RBA Signals Offset
AUD/USD traded little changed on Friday, with hawkish policy signals from both the Federal Reserve and the Reserve Bank of Australia offsetting each other and keeping the pair range-bound despite a modest pullback in the U.S. dollar.
NZD/USD Slumps Below 200-Day SMA, Eyes 0.57
The New Zealand Dollar fell for a third straight session, dropping over 1.48% on the week and hitting two-month lows near 0.5722 against the US dollar.
US Dollar Hits Mid-May Highs Above 101.00
The US Dollar posted strong gains last week, pushing the DXY above the 101.00 barrier for the first time since mid-May 2025.
USD/JPY Pares Losses, Eases from Two-Year High Near 161.00
The USD/JPY pair eased to near 161.00 on Friday, pulling back from a two-year high of 161.81 as US Dollar momentum fades despite a hawkish Fed stance.
Swiss Franc Weakens by Design, USD/CHF Hits Year High
The Swiss Franc is the weakest major currency this week, dragging USD/CHF to a fresh year high. The move is attributed to an unwinding of safe-haven bids after a US-Iran deal, but the Franc's haven status was already questionable.
USD/CHF Nears Seven-Month Highs, RSI Approaches Overbought Territory
USD/CHF continues its rally, approaching seven-month highs while the RSI edges closer to overbought levels, signaling potential overextension.
NZD/USD Extends Drop as Fed Tightening Bets Boost Dollar
The New Zealand Dollar continues to weaken against the US Dollar, with NZD/USD trading around 0.5740 on Friday, down 0.28% on the day, as expectations of a restrictive Fed policy bolster the greenback.
Pound Sterling Rebounds After Three-Month Low as Holiday Thins Trading
GBP/USD recovered from a three-month low of 1.3163 on Friday, edging up 0.18% to 1.3226 in thin holiday trade. The move was helped by a pause in USD buying after the Fed's hawkish tilt, though the pair is still on track for weekly losses.
EUR/USD Rebounds on USD Pullback but Fed Cap Gains
EUR/USD stages a rebound on Friday as the US Dollar eases, but hawkish Federal Reserve bets limit upside. The pair trades around 1.1470 after bouncing from a three-month low of 1.1417.
EUR/USD Sinks to 1.1417 After Warsh's First Fed Meeting
EUR/USD dropped to 1.1417, its lowest since March, following the first Federal Reserve meeting chaired by Kevin Warsh. The pair recovered slightly but closed below 1.1500.
Nordea: EUR/USD Upside Limited Due to Policy Divergence
Nordea research says EUR/USD upside is constrained by interest rate differentials and relative growth, as the ECB nears the end of its hiking cycle while the Fed continues.
Gold Suffers Third Weekly Loss as Hawkish Fed Reverses Early Gains
Gold (XAU/USD) opened the week with a bullish gap and strong gains, but a hawkish Federal Reserve reversed the move, leading to a third consecutive weekly loss.
Nordea: Wide Yield Spreads Keep USD/JPY Elevated
Nordea expects USD/JPY to remain high as wide US–Japan yield differentials persist and the Bank of Japan stays very accommodative. Any gradual normalization by the BoJ is seen as too modest to materially weaken the yen.
Nordea Sees Dollar Supported by Hawkish Fed, Firm Data
Nordea analysts expect the US Dollar to remain supported in coming months, citing the Federal Reserve's relatively hawkish stance and resilient US economic data.
Canadian Dollar Near April Low on Weak Retail Sales, Lower Oil
The Canadian Dollar weakened against the US Dollar, trading near its April 2025 low, as disappointing Retail Sales data and declining oil prices weighed on the currency. USD/CAD rose to around 1.4170.
Silver Falls for Third Day on Fed Outlook, Mideast Ceasefire
Silver (XAG/USD) declined for a third consecutive session on Friday, dropping 1.31% to around $64.85, pressured by a hawkish Federal Reserve stance and a ceasefire in the Middle East.
ING: Burnham Win Paves Way for UK PM Transition, Upside Risk to EUR/GBP
ING's Francesco Pesole notes that Andy Burnham's by-election win positions him as next UK PM, with betting markets expecting a transition by late summer. The lack of political risk premium in pound assets implies limited fiscal impact, posing upside risk to EUR/GBP.