Market news
Crypto, stocks, forex and macro, aggregated for traders.
Silver Hits $62.15 on Weak NFP Data, Bearish Bias Persists
Silver price extended its rally to a weekly high above $62.00 after disappointing US Nonfarm Payrolls dampened expectations for further Fed rate hikes, though analysts note the broader technical setup remains bearish.
Choosing a CFD Broker: Key Factors for Traders
A new guide highlights the importance of transparent fees, market access, and essential features when selecting a CFD broker for stocks, forex, and crypto trading.
US Dollar Index Drops to 100.50 Despite Bullish Bias
The US Dollar Index (DXY) fell for a second consecutive day on Wednesday, trading near 100.60 during early European hours, despite an overall bullish market bias.
NZD/USD Hits Weekly High Near 0.5725 on USD Weakness
The NZD/USD pair reached a fresh weekly high around 0.5725 during European trading as a softer US dollar and improved risk appetite support the Kiwi.
Commerzbank Sees Turkish June CPI Disinflation Surprise
Commerzbank analyst Tatha Ghose expects Turkey's June CPI to show a modest disinflation surprise, with headline and core rates easing slightly and month-on-month inflation potentially below expectations.
Canadian Dollar Extends Recovery on Weaker USD, Higher Oil
The USD/CAD pair continues to decline for a second straight day, unable to build on a prior bounce, as the Canadian dollar benefits from a softer US dollar and rising oil prices.
Indian Rupee Rises as Weak US Jobs Data Pressures Dollar
The Indian Rupee strengthened against the US Dollar on Friday after weaker-than-expected Nonfarm Payrolls data weighed on the greenback, pushing USD/INR below 95.26.
India HSBC Composite PMI Dips to 57.1 in June, Misses Estimates
India's HSBC Composite PMI was revised down to 57.1 in June from 57.4, missing market expectations. The data may weigh on the Indian Rupee.
USD/CHF Slides to 0.8020 as US Dollar Weakens on Labor Data
The Swiss franc strengthened against the US dollar, pushing USD/CHF to 0.8020, as disappointing US labor data reduced expectations of further Fed rate hikes.
Dollar Index Expected to Rise to 101-101.50 Next Week After NFP Dip
Weaker-than-expected US NFP data triggered a decline in the Dollar Index, but analysts anticipate a gradual recovery towards 101-101.50 next week. US treasury yields remain elevated.
Asian Stocks Stabilize After Tech-Led Losses; Oil Eyes Weekend
Asian equity markets rebounded slightly following two days of heavy tech-led selling, while oil prices showed signs of positioning ahead of the weekend.
GBP/USD Rises Above 1.3350 but Capped Below 100-Day MA
The GBP/USD pair is trading higher near 1.3360 during early European trade on Friday, supported by a weaker-than-expected US Nonfarm Payrolls report. However, gains remain limited below the 100-day moving average.
EUR/USD Trades Cautiously Higher Near Mid-1.1400s Amid Mixed Setup
EUR/USD attracted dip-buyers during Asian trading on Friday, halting a modest pullback from the 1.1470-1.1475 region. The pair is edging higher near the mid-1.1400s as the setup remains mixed.
AUD/JPY Holds Gains Near 112.00, Bearish Bias Persists
The AUD/JPY cross is trading around 111.75 in early European trading on Friday, holding modest gains. However, the pair remains below key moving averages, keeping the bearish bias intact.
Gold Advances to $4,200 Neighborhood as Fed Rate Hike Bets Diminish
Gold (XAU/USD) extends its recovery for a third straight day, approaching $4,200, as reduced expectations of Federal Reserve rate hikes weigh on the US dollar.
Indonesian Rupiah Weakens as Trade Deficit Widens in May
The Indonesian rupiah declined against the US dollar, with USD/IDR trading around 18,000 during Asian hours Friday, following a May trade deficit that raised economic concerns.
US Dollar Index Slips to 100.80 as Traders Reassess Hawkish Fed Bets
The US Dollar Index (DXY) edged lower to near 100.80 during Asian trading as market participants reconsider their expectations for aggressive Federal Reserve tightening.
Silver (XAG/USD) Rises Above $62.50 as Fed Rate Cut Bets Ease
Silver extended its gains for a fourth consecutive session, trading around $62.60 per troy ounce during Asian hours as market expectations for Federal Reserve rate cuts moderated.
NZD/USD Holds Firm Above 0.5700 After Chinese Services PMI
The New Zealand Dollar traded around 0.5705 against the US dollar in Asian hours on Friday, supported by better-than-expected Chinese services sector data. US markets will be closed for the Independence Day observance, limiting trading volume.
AUD/USD Extends Gains as China Services PMI Supports Aussie
The Australian Dollar strengthened against the US Dollar for a second day, recovering from an Asian session dip to 0.6910, after China's Services PMI data boosted risk sentiment.
Canadian Dollar Weakens as Oil Prices Slide, USD/CAD Rises
USD/CAD edged higher to around 1.4190 during Asian trading on Friday, supported by declining crude oil prices and mixed U.S. economic data.
Yen Reverses Asian Losses on Intervention Risks, USD/JPY Slides
The Japanese Yen strengthened against the US Dollar in European trade, erasing modest Asian session gains as intervention fears persist. USD/JPY fell for a second consecutive day after peaking near 161.50.
Japan Finance Minister Katayama Ready to Act on FX Moves
Japan's Finance Minister Satsuki Katayama stated on Friday that officials are prepared to take appropriate action on currency fluctuations, but declined to comment on specific currency levels.
PBOC Sets USD/CNY Reference Rate at 6.8047
The People's Bank of China set the USD/CNY central parity at 6.8047 for Friday's trading session, down from Thursday's fix of 6.8088 and above the Reuters estimate of 6.7808.