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NZD/USD slips below 0.5900 as weak China data weighs
NZD/USD traded near 0.5895 in Asian hours Tuesday after Chinese retail sales and industrial production missed expectations.
Silver Falls Toward $65.50 as US-Iran Peace Uncertainty Lingers
Silver (XAG/USD) eased toward $65.50 after two days of gains, with US-Iran peace uncertainty cited as a drag.
Canadian Dollar Holds Near Early June High as Oil Prices Offset Modest USD Strength
USD/CAD consolidates in Asian trading after bouncing from its 200-day SMA near 1.3845, the lowest level since June 3, as oil gains support the Canadian dollar.
Pound Strengthens Toward 1.3550 as Fed Rate-Hike Bets Fade
GBP/USD climbed near 1.3550 in early Asian trading as cooler US inflation data reduced expectations for Federal Reserve tightening, with UK jobs data in focus.
SPY Elliott Wave Outlook Points to Further Upside
The short-term Elliott Wave count for the S&P 500 ETF shows the rally from the June 27 low still unfolding as an impulse, with the bullish structure supporting further advances.
PBOC sets USD/CNY reference rate at 6.7905
The People’s Bank of China set the USD/CNY central rate at 6.7905 on Tuesday, slightly above the previous fix of 6.7873.
Euro flat lines below two-month low as oil-driven inflation fears support USD
EUR/USD is holding around 1.1575–1.1580 in Asian trading on Tuesday, steady below its two-month low as oil-driven inflation concerns underpin the dollar.
AUD/USD Gains for Third Day as Fed Hike Expectations Fade
AUD/USD extended its advance for a third straight session, trading near 0.7110 in Asian hours as fading Federal Reserve rate hike expectations kept the US dollar subdued.
Oman-Iran talks on Hormuz shipping progress: WSJ
Oman-Iran discussions aimed at increasing commercial shipping through the Strait of Hormuz are progressing, according to U.S. officials cited by The Wall Street Journal.
Brent Tops $91 as Hormuz Flow Risks Linger
Brent climbed above $91 a barrel and WTI traded above $84 as prospects dimmed for a quick restoration of full Strait of Hormuz flows.
WTI Steadies Near $84 as Trump Rejects Truce Extension
WTI crude is holding around $84.00 in early Asian trading as markets assess Middle East developments following reports that Trump rejected a truce extension.
Macron urges confidence in Europe as bloc logic returns
French President Emmanuel Macron said Europe should have confidence in itself as a source of independence amid a return to bloc-based geopolitics.
US Debt Interest Costs Hit Record $1.4 Trillion Over 12 Months
US interest expense on the national debt reached a record $1.4 trillion over the past year and is projected to keep rising.
BHP Sees Up to $3.5B Additional Value from WAIO Assets
BHP said it sees potential to unlock up to an additional $3.5 billion through active capital portfolio and asset management for its WAIO assets.
BHP Says Copper Is Core Growth Engine as Demand Seen Rising to 50 MTPA by 2050
BHP views copper as the main driver of its growth, projecting copper demand to climb from about 34 MTPA today to more than 50 MTPA by 2050.
BHP guides FY27 WAIO costs at $20.25-$21.75/t; demand resilient
BHP expects WAIO unit costs of $20.25-$21.75 per tonne in FY27 and reported FY-end net debt of $8.7 billion. The miner said commodity demand remained resilient in FY26 despite the Middle East conflict.
Trump Says He Is Not Seeking Extension of Iran MOU
President Donald Trump said he is not interested in renewing the expiring agreement with Iran, according to Bloomberg.
Gold Climbs Toward $4,415 as Soft US Data Weighs on Fed Hike Odds
Gold edged up to near $4,415 in early Asian trading on Tuesday as softer US data dampened expectations for further Federal Reserve rate hikes.
Australian Dollar Climbs Toward Two-Month High as US Data Weighs on Greenback
AUD/USD is trading near 0.7106 after touching a two-month high around 0.7129, supported by a softer US dollar following weak retail sales.
Leveraged ETF Exposure Climbs to $420 Billion, Near Record Highs
US-listed leveraged ETF market exposure has risen to $420 billion, the highest since early July, after gaining more than $100 billion in three weeks.
GBP/JPY Reclaims 50-Day SMA as Bulls Target 217.00
GBP/JPY is set to close Monday with modest gains and has moved back above its 50-day SMA at 215.52, putting the 217.00 level in focus.
BHP calls copper its growth engine, sees demand above 50Mtpa by 2050
BHP said copper is the main driver of its growth, with global copper demand projected to rise from about 34Mtpa today to more than 50Mtpa by 2050, and it expects China to keep producing roughly 1B tonnes of steel per year this decade.
BHP FY Revenue and Profit Beat Estimates
BHP reported full-year revenue of $58.76 billion and adjusted net income of $13.20 billion, both above analyst expectations, alongside a $1.72 per share dividend.
USD/JPY Holds Near 159.50 as Yen Loses to Import Bill
USD/JPY traded near 159.50 on Monday in a 75-pip range, adding about 10 pips. The Dollar Index broke below its 200-day EMA, hitting its weakest level during the move.