Crude Oil Reaches Fresh 3-Month Low; Some Asian Equity Indices Make Strong Recoveries; US Dollar Reaches New 13-Month High; Gold, Silver Make New 6-Month Lows
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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Bitcoin (BTC) has spent the past week under pressure, with the world’s largest cryptocurrency once again failing to hold upside momentum as broader risk appetite weakened.
Australia’s consumer price index (CPI) eased to 4.0% year-on-year in May, down from 4.2% in April and well below the market estimate of 4.4%. This marked a three-month low, which was driven by sharply lower fuel prices.
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Initial Signs of Bottom in Tech Dump; Crude Oil Reaches 3-Month Low; US Dollar Index Breaks to 1-Year High; Precious Metals Near 6-Month Lows; Japan Threatens More Active FX Intervention; Australian Inflation Unexpectedly Lower
Crude Oil Lower as Vance Praises Iran Negotiations; Tech Stocks Drag Equity Markets Down; Precious Metals Near 3-Month Lows; US Dollar Set to Test 1-Year High
US/Iran Talks Begin in Switzerland, Focus on Hormuz and Lebanon, Trump Threatens; Stock Markets Wobbly as AI Rally Questioned; Markets Expecting Pace of Canadian Inflation to Increase
The Federal Reserve keeps interest rates unchanged, but Kevin Warsh’s hawkish message and the dot plot signal possible rate hikes ahead.
Fed Holds Rates, Yet Projections Show Hike Expected Now Before End 2026; Stocks Lower, US Dollar Higher; Risk-On Sentiment Generally Prevails; Markets Await Bank of England and Swiss National Bank Policy Meetings
Consensus Sees Fed Holding, Projections & Statement Will be Closely Watched; Stocks Rebound After Drop, Japan Sees Record High; Risk Sentiment Remains Positive
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Bank of Japan Hikes by 0.25% to 1.00% as Expected; Reserve Bank of Australia Holds Rates; Equities Strong, Japanese Market Hits Record High; Crude Oil Remains Weak; US/Iran Deal Expected to be Formally Signed Friday
USA and Iran Both Say Memorandum Finalized, Signing Friday; 60-Day Ceasefire, Hormuz to Reopen, Nuclear Negotiations Tied to Sanctions Relief; Stock Markets Jump by >1%, Some Asian Indices >5%; WTI Crude Oil Nears 3-Month Low
USA Strikes Iranian Defenses Near Hormuz; Trump Threatens Bombing to Continue Until Iran Agrees a Deal; Stocks Lower, Crude Oil Hardly Moving; US Inflation Data Marginally Softer; Gold Reaches 6-Month Low; Markets Await ECB Meeting, US PPI Data, and SpaceX IPO
US inflation climbed to 4.2% in May as higher energy prices drove CPI upward, reinforcing expectations that the Fed may keep rates higher for longer.
Markets Await US CPI Data Release Today; Bank of Canada Expected to Hold Rates; USA Says Retaliating for Downing of US Helicopter, Iran Responds by Attacking Kuwait, Bahrain, and Jordan; Stocks Slightly Lower, but Markets Remain Calm
Bitcoin is showing signs of entering a long-term accumulation phase as the MVRV ratio approaches historical bottoming levels and institutional buyers continue adding exposure.