Forexlive Americas FX news wrap 13 Jun: Markets are in flux as Israel and Iran... Japan PM in call with Trump, reiterated Japan's use on US tariffsThe S&P, NASDAQ and Dow have worst day since May 21Central bank meetings will dominate the economic calendar next weekIsrael warns that Iran will pay a heavy price for ...
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Japan PM in call with Trump, reiterated Japan's use on US tariffs Japan's foreign minister says:Japan PM in call with Trump reiterated Japan's view on the US tariff measuresConcluded to accelerate consultations between the ministers in charge to achieve mutual beneficial agreement.Exchange views on response to Israel's recent attacks against IranTrump wants ...
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The S&P, NASDAQ and Dow have worst day since May 21 The S&P, Nasdaq and Dow had their worst day since May 21 as geopolitical risk from Israel's strike on Iran, and Iran's counterstrike on Isreal gave traders a reason to sell.At the close, the major indices are all down by ...
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Central bank meetings will dominate the economic calendar next week Next week will be a pivotal one for global monetary policy, with key central banks scheduled to announce their latest decisions. The Bank of Japan (Tuesday), Federal Reserve (Wednesday), Swiss National Bank (Thursday), and Bank of England (Thursday) will all ...
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The IAEA (International Atomic Energy Agency) Grossi: Key Iranian Uranium plant destroyed The IAEA (International Atomic Energy Agency) Grossi is saying:Above ground plant where Iran was producing uranium enriched of up to 60% uranium has been destroyedNo indication of attack on underground enrichment halls at Natanz, but an attack on the power ...
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Israel warns that Iran will pay a heavy price for its missile attack on populated... Israel this morning that Iran will pay a heavy price for its missile attack on populated areas: Israel may hit energy facilities in responseIf Israel attacks Kharg Island, that would be a big thing:Kharg Island is critically important to Iran’s ...
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Crude oil futures settle at $72.98 The price of July crude oil futures are settling up $4.94 or 7.26% at $72.98
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US stocks move toward session lows as Iran's retaliatory missile strike continues. Major US stock indices are moving to session lows. The Dow industrial average is now down around 850 points or -1.98% at 42114.88. The S&P index is down -78 points or -1.25% at 5969.73. The NASDAQ index is down -283.1-1.44% ...
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Israel military: Identify missiles launched from Iran. Iran's response has begun Israel military: identified missile launched from Iran toward the territory of the state of IsraelDefenSe systems are operating to intercept the threat.The public is instructed to enter a protective space and remain there until further notice.Hundreds of ballistic missiles launched ...
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Israel Army: We destroyed a Iranian facility for producing uranium Sky news is reporting Israeli army:Destroyed a facility for producing metallic uranium, infrastructure for converting enriched uranium, and laboratories in Isfahan
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Kremlin. Putin tells Netanyahu that nuclear issues must be solved through diplomacy Russia's Putin spoke to both Iranian President Pezeshkian and Israeli PM Netanyahu:Told Netanyahu that issues surrounding Iran's nuclear program must be solved through diplomacyTold Iran's Pezeshkian that Russia offers condolences for the dead, denounces Israeli's actions as being in violation ...
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France's Macron: Iran carries heavy responsibility the destabilization of the region France's Macron:Iran carries heavy responsibility in the destabilization of the region.We cannot live in a world where Iran has nuclear weapons.France calls on restraint from parties.Regrets Iran didn't take overtures from United States.We will be on our partners assigned in ...
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Iran's Khamenei: Iranian Armed Forces will leave Israel hopeless Iran's supreme leader Khamenei is addressing the Iranian people and says:Armed forces will leave Israel hopelessIsrael will not remain unscathedTehran will not go for half measures in its response.Iran is getting ready to launch 100 ballistic missiles toward Israel
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Iran will not participate in nuclear talks on Sunday with the US Iran will not participate in US/Iranian nuclear negotiations on Sunday. State TV is also announcing that the supreme leader Khamenei will address the Iranian people shortly.US Pres. Trump said the US still had a meeting planned with Iran on Sunday ...
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Baker Hughes oil rig count -3 at 439 Baker Hughes rig count for the current week:Oil rig -3 at 439Natural gas -1 at 113Total recount -4 at 555Versus a year ago the oil rig count is down from 485 or -46 rigs. That is a decline of 9.5%. ...
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Major European indices close lower for the day as a geopolitical risks weigh on sentiment European stocks ended the day broadly in negative territory, weighed down by geopolitical tensions and weaker global sentiment. All major regional indices posted losses, with Italian and Spanish markets underperforming.Closing levels:German DAX: 23,516.24, ▼255.22 (-1.07%)France's CAC: 7,684.69, ▼80.43 (-1.04%)UK's FTSE ...
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New York Times: Israel has resumed attacks on Iran The NY Times is reporting that Israel has resumed the attacks on Iran. The strikes are centered on Fordo, one of the main underground nuclear sites.Israel wants to cease Iranians production of nuclear weapons. I would expect that endeavor to ...
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USDCAD breaks to 2025 lows as oil strength lifts the loonie The USDCAD is pushing to fresh lows as safe-haven demand for the U.S. dollar fades and rising oil prices provide a tailwind for the Canadian dollar. From a technical standpoint, the pair has broken below the prior low for the ...
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Trump: Iran has sustained a devastating Present trump is now telling Reuters that Iran has sustained a devastating hit.It is unclear if Iran still has a nuclear programHe is not concerned about a regional war breaking out as a result of Israel's strike on Iran.I tried ...
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GBPUSD rebounds after geopolitical dip; key swing resistance back in play The GBPUSD started the day by making a new high for the year during the early Asian session, but risk-off flows following an Israeli strike on Iran triggered a sharp reversal. The flight to safety into the US dollar pushed ...
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Netanyahu: US knew of the attack ahead of time US knew of the attack ahead of time.The battle with Iran is not over. Expect that Iran will attack IsraelThe surprise is the secret of successPlans to talk with Iranian people directlyMeanwhile the Israeli UN envoy says They do not ...
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Trump: Iran officials are calling him to discuss the situation NBC is reporting that Trump says:Iran officials are calling him to discuss the situation.Iran missed opportunity to make a deal, but they might now have another opportunity
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Despite better University of Michigan, stocks move to new session lows and yields go up .Despite stronger-than-expected University of Michigan sentiment data, stocks have slid to new session lows while yields have climbed to new session highs. Notably, U.S. bonds appear to be decoupling from the typical flight-to-safety flows often observed during periods of geopolitical ...
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University of Michigan consumer sentiment preliminary for June 60.5 vs 53.5 estimate Consumer sentiment last month 52.5Current conditions last month 58.9expectations last month 47.91 year inflation last month 6.6%5- year inflation last month 4.2%This month the survery results are more positive: Consumer sentiments 60.5 versus 53.5 estimateCurrent conditions 63.7 versus 59.4 estimate.Expectations ...
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Japans PM Ishibi: Agreed to meet Pres. Trump in Canada Japan's Prime Minister Ishiba says he has agreed to meet with Pres. Trump in Canada. His position has not changed and that he wants the removal of US tariffs. Pres. Trump yesterday said that auto tariffs may start soon ...
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US stocks are set to open lower on the Middle East tension The major US indices are set to open lower after Israelis strikes against Iran's nuclear facilities and nuclear scientists and military leaders. Iran in a letter to the UN. Counsel said that they will respond decisively and proportionally to the ...
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Iran tells UN Security Council they will respond decisively/proportionally For what it is worth, Iran is threatening a retaliatory attack, in a letter to the UN Security Council, saying: Iran will respond decisively, proportionally to Israelis unlawful, cowardly acts.
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OPEC Sec-Gen: There are currently no developments in supply, or market dynamics. OPEC Secretary-General says There are currently no developments in supply or market dynamicsDoes not see the need for unnecessary measures. Crude oil prices are sharply higher amid growing concerns over supply disruptions. On the technical front, the daily chart shows ...
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The USD has moved higher after Israel's strike on Iran nuclear facilities. What next? Israel struck Iran with military action on their nuclear facilities and an ballistic military factories along with military leaders. That sent the US dollar higher. US yields are also marginally higher which is a bit unusual .Looking at the US ...
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USDJPY Technical Analysis – We remain stuck in a range Fundamental
OverviewThe USD got under some
renewed pressure this week following some soft US data. In fact, we got lower
than expected US CPI
and PPI
data coupled with some weak jobless
claims figures. This led to a more dovish repricing in interest rates
expectations and a ...
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BOJ officials expect the benchmark interest rate left at 0.5% next week Bloomberg News with the report: Bank of Japan officials are seeing slightly stronger inflation than they had anticipated earlier this year, which could pave the way for future rate hike discussions—especially if global trade tensions ease, according to sources familiar ...
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PBOC sets USD/ CNY reference rate for today at 7.1772 (vs. estimate at 7.1685) Previous close 7.1715Injects 202.5bn yuan via 7-day reverse repos At 1.40%135bn yuan mature todayinjects net 67.5bn yuan
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The latest Federal Reserve financial stress reading has fallen The latest financial stress reading has fallen. In the week ending June 6, the St. Louis Fed Financial Stress Index decreased to -0.81 from -0.54 the previous week.This is via the Federal Reserve, St. Louis branch research:measures the degree of ...
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Federal Reserve says US household net worth fell to $169.3 trillion in Q1 2025 The Federal Reserve is saying that US household net worth fell to 169.3 trillion in Q1 2025: Real estate holdings fell by -$0.2 trillion in Q1.US stock market value fell by $-2.3 trillion in Q1Nonfinancial debt expanded by 2.8% annualized ...
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GBPUSD tests the close intraday support at 1.35804 after failing on break to new highs The GBPUSD extended higher today, reaching a new high for the year at 1.3622—the highest level since February 2022. This move also pushed the pair above last week’s high at 1.36158, signaling an attempt to continue the bullish trend.However, the ...
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AUDUSD tests key resistance—buyers and sellers battle for control The AUDUSD continues to trade within a choppy but technically respectful range. On the 4-hour chart above, price action stalled yesterday after reaching to a new high for the year, but within a key swing area and the 61.8% ...
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USDCAD under pressure as price breaks key support and enters swing area The USDCAD is trading lower on the day, down -0.42%, and has fallen below key technical levels on both the daily and 4-hour charts. On the daily chart (see chart above), the pair has broken beneath a rising trend line ...
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Gold pushing $3400 and new highs for the month Gold is climbing and nearing the $3400 mark. With last week’s high reaching $3403.44 that target is being approached. The current price is trading at $3,388 up $30.07 or 0.9% on the day. The high-priced reached $3,398.98 so farThe peak ...
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The USD moves lower after the claims/PPI data. The USD is lower after the lower PPI data and the higher initial and continuing claims. The weakness in the jobs is a shift from the norm that has defined the range. Looking at the continuing claims data, the ...
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The USD is lower led by the EURUSD which is breaking to a new 2025... The EURUSD is racing to new highs as markets react to US policy, and perhaps some recognition that the ECB has done its easing while the US Fed may be pushed to ease sooner. US CPI came in less than ...
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Gold Technical Analysis – Safe haven flows boost the precious metal Fundamental
OverviewGold remains mostly
rangebound but with a bullish tilt given that in the bigger picture real yields
will likely continue to fall amid Fed easing and just a repricing in rate cuts
expectations could weigh on it in the short term. That repricing ...
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AUD traders - heads up for an RBA speaker today, Thursday, June 12, 2025 From the Reserve Bank of Australia at 5.20 pm Sydney time:0720 GMT0320 US Eastern time Speech by David Jacobs, Head of Domestic Markets Departmenttopis is: Australia’s Bond Market in a Volatile Worldspeaking at the Australian Government Fixed Income Forum, in ...
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RBA to cut its cash rate in August & November 2025, then again in February... Via Westpac, in brief:RBA to hold in Julyto cut in August and Novemberlower inflation outlook now makes two further cuts in early 2026 likely, February and MayWPAC caveat the 2026 call with:the cuts could be earlier (December and February or ...
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PBOC sets USD/ CNY mid-point today at 7.1803 (vs. estimate at 7.1703) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the ...
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PBOC is expected to set the USD/CNY reference rate at 7.1703 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a ...
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European Central Bank President Lagarde says important to sustain global cooperation The European Central Bank and the People’s Bank of China have signed a Memorandum of Understanding on cooperationChristine Lagarde, President of the European Central Bank (ECB), and Pan Gongsheng, Governor of the People’s Bank of China signed the MoUon cooperation ...
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NZDUSD test the old ceiling area. Do buyers hold support or sellers make a push... The NZDUSD continues to trade in a choppy range, and the recent move above the old ceiling between 0.60183 and 0.60284 is showing signs of fading. That swing area—tested multiple times over the past few weeks—remains a key barometer for ...
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GBPUSD is stretching higher and ticks above high from yesterday The US yields are moving lower with a 10-year yield now down just under 6 basis points after the successful auction at 1 PM ET. That has the dollar moving lower. The GBPUSD is trading to a new session highs. ...
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ECBs Villeroy: ECB situation is favorable. ECBs Villeroy is speaking and says: ECB situation is favorableThat does not mean that policy is a stable
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USDJPY defines the technical levels in play after up and down volatility on US CPI. The USDJPY rallied ahead of the US CPI release but stalled after reaching the 50% retracement of the decline from the May high. Once the weaker-than-expected CPI data was released, sellers took control, pushing the pair sharply lower. The decline ...
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NZDUSD rally stalls at resistance after CPI spark The NZDUSD moved higher following the weaker-than-expected US CPI report, which triggered broad USD weakness and lifted the pair toward the highs for the week. However, the rally lost steam just as price tested the upper end of the recent ...
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EURUSD pushes higher after soft CPI but stalls at key resistance The EURUSD is trading higher after a softer-than-expected US CPI report triggered a broad USD selloff. The weaker inflation data reinforced market expectations for rate cuts, pushing the pair sharply higher. However, the rally stalled just below the key resistance ...
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US CPI sends the USDCHF lower, but there is a limit to the selling US headline CPI rose 2.4% y/y in line with some forecasts but below the 2.5% consensus and down from 2.9% prior. Monthly CPI was up 0.1% (unrounded +0.081%), also softer than expected. Core CPI increased 2.8% y/y (vs 2.9% expected) ...
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The USD is little changed ahead of US CPI data. What key levels are in... The US CPI data will be released at 8:30 AM ET with the expectation of 0.2% for the MoM headline and 0.3% for the core. That data may be the catalyst for more price action in the currency markets. ...
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USDJPY Technical Analysis – All eyes on the US CPI Fundamental
OverviewThe USD remains mostly
rangebound even though the better than expected NFP report triggered a slightly more hawkish
repricing in interest rates expectations and sent Treasury yields higher. The next two key events for
the greenback are the US CPI today and the ...
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BOJ now expected to keep interest rates unchanged through to year-end - survey No one expects BOJ to raise rates at policy meeting next week30 of 58 economists (52%) expect rates to stay unchanged through year-end (previously 48%)40 of 51 economists (78%) expect at least one rate hike by March 202617 of 31 ...
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Foreign demand for Japan’s long bonds rises as yields climb, says Morgan Stanley Global investors are increasingly turning to Japan’s long-dated government bonds, drawn by rising yields and heavy supply, according to Morgan Stanley. With the Bank of Japan scaling back bond purchases and local institutions not stepping in to buy, 30- and ...
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BOJ expected to hold rates, slow pace of bond tapering amid market strain A Bloomberg survey shows most economists expect the Bank of Japan to keep its benchmark interest rate at 0.5% during its June 17 meeting and begin slowing the pace of government bond purchase reductions. While no rate move is anticipated, ...
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BoE Executive Director for Financial Stability Strategy and Risk Benjamin speaking today 1000 GMT/0600 US Eastern time - Speech by Executive Director for Financial Stability Strategy and Risk at Bank of England Nathanael Benjamin at the Global investment management summit ‘Delivering financial stability and economic growth for investment management
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Some European Central Bank speakers Wednesday, including Chief Economist Philip Lane The times below are in GMT/US Eastern time format:0900/0500Keynote speech followed by fireside chat by ECB board member Claudia Buch at Goldman Sachs European Financials ConferenceBuch is Chair of the ECB Supervisory Board0930/0530Panel participation by ECB board member Philip Lane ...
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PBOC sets USD/ CNY central rate at 7.1815 (vs. estimate at 7.1801) 7.1815 is the strongest, for the CNY, since April 2The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating ...
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GBPUSD at a crossroad: Breakout failure or next leg higher? The GBPUSD made a bold push to fresh highs not seen since 2022, but momentum stalled just shy of the critical 50% retracement level from the 2014 high near 1.3768.Now the price is back in the thick of the old ...
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NZDUSD: Buyers in control, BUT a warning sign lingers The NZDUSD remains firm helped by hopes for a US/China deal that would help to benefit both countries (presumingly) and give the NZ economy a boost too. Technically, the pair trades near its highest levels of the year, with ...
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EURUSD Bounce: Key MAs in play as bulls/buyers build their case After a failed breakdown below the 200-hour MA earlier today that led to a snapback rallly, the EURUSD buyers have reclaimed short-term control on a break of the 100 hour MA. The question now is "Can the 100-hour MA ...
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AUDUSD approaches major resistance: Is a breakout coming? Is the AUDUSD setting up for a breakout or a reversal? The chart shows a powerful confluence of resistance just ahead. Tap the video above to see the levels that could define the next major move in this currency pair. ...
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USDCAD slips back after failed break above 200-hour MA The USDCAD has been under steady pressure since peaking near the 200-day moving average on May 13 near 1.4015. That level capped the corrective rally, and the pair has been trending lower since, with last week’s low reaching 1.36337 on ...
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USDCHF stalls below key resistance. Support targets eyed on the downside The USDCHF pair continues to respect technical boundaries, with the high price today stalling at 0.82415, just ahead of the key resistance ceiling at 0.8249—a level that capped rallies several times last week. As long as price remains below this ...
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