Market news
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Silver Price Tumbles as Inflation Expectations De-Anchor
Silver (XAG/USD) fell 1.33% to near $58.00 during European trading on Thursday, pressured by elevated energy prices following renewed US-Iran tensions that have de-anchored inflation expectations.
UOB: EUR/USD bullish above key support, targeting 1.1490
United Overseas Bank analysts note that EUR/USD has broken above prior resistance and rapid gains reached 1.1482, with intraday potential to test 1.1490 while staying below significant resistance.
Big Banks Kick Off Q2 Earnings Season with Robust Growth
Early Q2 earnings reports from major banks show strong earnings and revenue growth, with a higher percentage of companies beating expectations compared to recent quarters.
GBP Flat After UK GDP Rises 0.1% in Line with Forecasts
The British Pound holds steady against major peers following the release of UK monthly GDP data, which rose 0.1% as expected.
DeFi Platform SummerFi to Shut Down After $6M Hack
DeFi platform SummerFi is ceasing operations and will disable its user interface after seven years, citing a recent hack that resulted in a loss of approximately $6 million. No shutdown timeline or details on user funds have been announced.
US Airstrikes on Iran Impact Gasoline Prices in CEE Region
The US launched new airstrikes against Iran, and President Trump vowed to intensify attacks until Tehran stops disrupting shipping in the Strait of Hormuz. Meanwhile, gasoline prices are shifting across Central and Eastern Europe.
Indian Rupee Declines to 96.32 Against USD as Oil Prices Weigh
The Indian Rupee opened lower against the US Dollar on Thursday, extending its losing streak for a third consecutive day as elevated crude oil prices stoked concerns over higher import costs.
Asian Stocks Dip on Tech Sell-Off, US-Iran Tensions
Asian stocks faced downward pressure Thursday as renewed sell-off in semiconductor shares dragged the tech sector, amid rising US-Iran tensions.
WTI dips under $79 but bullish view holds on Iran tensions
West Texas Intermediate crude edged lower in Asian trading on Thursday, staying near a one-month high, as US-Iran tensions continue to support a bullish bias.
Gold Builds Floor Amid China Memory Crisis and Korea Leverage Unwind
Gold is finding support as China's memory chip sector collapses and Korea's leveraged trade positions unwind, following months of pressure from tightening monetary policy.
BoJ Survey: 90.4% of Japanese Households Expect Price Rise in Year
The Bank of Japan's quarterly survey shows that 90.4% of households anticipate prices will be higher one year from now, up from 83.7% in the previous survey.
EUR/USD Seen Dipping Back Towards 1.1400 as Dollar Bounces
The US Dollar Index recovered after a softer PPI reading, potentially rising towards 101 or higher, while EUR/USD may dip back to 1.1400. EURINR could fall further if it breaks below 111.
Euro Consolidates Near Four-Week High Above 1.1450 Amid Mixed Fed Signals
The EUR/USD pair holds steady above the 1.1450 level during Asian trading on Thursday, consolidating strong gains to its highest point since June.
AUD/JPY Dips Under 113.50, Bullish Bias Remains
AUD/JPY traded lower near 113.45 in early European hours amid verbal intervention by Japanese authorities supporting the yen, though the near-term bullish structure remains intact.
Indonesian Rupiah Weakens on Higher Oil Import Costs
The Indonesian Rupiah weakened against the US dollar on Thursday, with USD/IDR rising to around 18,100, as surging oil import costs stretch the trade balance.
Gold Bears Stay in Control Below 21-Day SMA
XAU/USD sellers maintain control as gold edges toward the $4,000 threshold, replicating Wednesday's Asian session losses.
Gold Declines as Iran Tensions Fuel Inflation Risks, Revive Fed Hike Bets
Gold (XAU/USD) fell during Asian trading on Thursday, approaching the previous day's low near $4,025, as rising Iran tensions stoked inflation concerns and strengthened expectations of further Federal Reserve rate hikes, boosting the US dollar.
BOJ Official Warns Delay in Stimulus Adjustment Amid High Inflation Risk
A senior Bank of Japan official stated that postponing stimulus adjustment while inflation remains high could trigger an economic downturn.
USD/CHF Edges Lower to 0.8060 Amid Middle East Tensions
The Swiss franc holds recent losses as the US dollar recovers on rising Middle East tensions, with USD/CHF trading around 0.8060 after opening with a bullish gap.
South Korean Won Rises After BoK Hikes Rates by 25 bps
The South Korean Won strengthened against the US Dollar after the Bank of Korea raised its benchmark interest rate by 25 basis points, the first hike in three-and-a-half years.
EUR/JPY Pulls Back to Triangle Top Near 186.00, Bullish Bias Remains
EUR/JPY edged lower during Asian trading on Thursday, pulling back to the top of an ascending triangle pattern around 186.00 after three days of gains. The pair maintains a constructive bullish bias as it trades above both the 9- and 50-period EMAs.
Silver Downtrend Persists Below $63 After Record High
Silver (XAG/USD) remains under downside pressure following its all-time high, with Elliott Wave analysis indicating a bearish bias below key resistance at $63.
US Dollar Index Hovers Near 100.50 as Fed Hike Bets Fade
The US Dollar Index consolidates near 100.50, close to a multi-week low, as expectations of further Fed rate hikes diminish.
Japanese Yen Strengthens on Intervention Warning, Cooling US Inflation
USD/JPY drops to near 162.15 during Asian hours as the yen gains after Japanese officials issued a verbal intervention warning and US inflation data eased.