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US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 98.00
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 98.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, tumbles to the lowest level in seven weeks near 98.35 due to rising expectations of Federal Reserve (Fed) rate cuts this year and persistent uncertainty over tariff battles.
DollarIndex
Technical Analysis
Majors
UnitedStates
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Here is what you need to know on Thursday, June 12:
Inflation
DollarIndex
Currencies
Fed
MiddleEast
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
News Discussion Forum
By Finance Magnates
Adviser Banned for 10 Years After $15M Hit Shady UK Platform
Australia's financial regulator has banned a former financial adviser for 10 years after she funneled at least $14.8 million of client money into a cryptocurrency scam while telling investors their...
Asic
scams
crypto scam
What are the main events for today?
What are the main events for today?
The highlights include the US PPI and the US Jobless Claims data
market overview
China’s Foreign Minister says government will always honour its commitments
China’s Foreign Minister says government will always honour its commitments
Chinese Foreign Minister Wang Yi said on Thursday that the government will always honour its commitments, adding that he hopes the US can work with China to implement what was agreed between the two presidents.
China
Macroeconomics
UnitedStates
TradeWar
Hoc-Trade's Platform Analyzing 400K Traders Partners with Acuity on Market Data
Hoc-Trade's Platform Analyzing 400K Traders Partners with Acuity on Market Data
News Discussion Forum
By Finance Magnates
Hoc-Trade's Platform Analyzing 400K Traders Partners with Acuity on Market Data
Two trading technology companies have joined forces to offer brokers and traders more tailored market analysis tools. Acuity Trading, which provides sentiment-driven analytics, has partnered with A...
acuity
Acuity Trading
China will always honour its commitments, says foreign ministry
China will always honour its commitments, says foreign ministry
The comments relate to Trump's message that a deal with China is "done"
EUR/GBP gathers strength to near 0.8500 on weaker UK GDP data
EUR/GBP gathers strength to near 0.8500 on weaker UK GDP data
The EUR/GBP cross gains momentum to around 0.8495 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK growth numbers.
EURGBP
Crosses
Macroeconomics
GDP
UnitedKingdom
Eurostoxx futures -0.8% in early European trading
Eurostoxx futures -0.8% in early European trading
A more cautious mood after the slight retreat yesterday
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.53 per barrel, down from Wednesday’s close at $67.20.
Oil
WTI
Commodities
UK GDP falls 0.3% MoM in April vs. -0.1% expected
UK GDP falls 0.3% MoM in April vs. -0.1% expected
The UK economy contracted in April, with the Gross Domestic Product (GDP) declining 0.3%, having increased by 0.2% in March, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
GDP
UnitedKingdom
EconomicIndicator
GBPUSD
IndustrialProduction
China response awaited after Trump lauds "done deal"
China response awaited after Trump lauds "done deal"
A lot of hoo-ha for what essentially looks to be an exchange of small gestures
market overview
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
The NZD/USD claws back its initial losses and rises to near 0.6040 during early European trading hours on Thursday. The Kiwi pair attracts bids as the US Dollar (USD) declines as uncertainty surrounding the outlook of the United States' (US) tariff policy has escalated.
NZDUSD
China
UnitedStates
DollarIndex
NewZealand
USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows
USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3660 during the Asian hours on Thursday.
USDCAD
Majors
Technical Analysis
GBP/JPY Price Forecast: Remains depressed near mid-195.00s ahead of UK monthly GDP
GBP/JPY Price Forecast: Remains depressed near mid-195.00s ahead of UK monthly GDP
The GBP/JPY cross struggles to capitalize on the previous day's modest gains and attracts fresh sellers during the Asian session on Thursday, though it lacks follow-through.
GBPJPY
TradeWar
BOE
Technical Analysis
Currencies
Oil jump eases a little as traders deliberate Middle East tensions
Oil jump eases a little as traders deliberate Middle East tensions
The latest chatter is that the US and Iran will be meeting this weekend
AUD/JPY declines to near 93.50 amid geopolitical risks
AUD/JPY declines to near 93.50 amid geopolitical risks
The AUD/JPY cross trades in negative territory for the second consecutive day around 93.55 during the early European trading hours on Thursday. Rising geopolitical tensions in the Middle East boost the safe-haven flows, supporting the Japanese Yen (JPY).
AUDJPY
Macroeconomics
Crosses
USD/CNH retraces to near 7.20 as investors seeks more details on US-China trade deal
USD/CNH retraces to near 7.20 as investors seeks more details on US-China trade deal
The USD/CNH pair gives back all gains made on Wednesday and slides to near 7.18 during Asian trading hours on Thursday.
USDCNH
UnitedStates
China
DollarIndex
PPI
Gold price retains positive bias near weekly high; could climb further amid safe-haven buying
Gold price retains positive bias near weekly high; could climb further amid safe-haven buying
Gold price (XAU/USD) sticks to modest intraday gains near the weekly top heading into the European session on Wednesday and remains well supported by a combination of factors.
Gold
Commodities
TradeWar
Fed
SEO
FX option expiries for Jun 12 NY cut
FX option expiries for Jun 12 NY cut
FX option expiries for Jun 12 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices
Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices
News Discussion Forum
By Finance Magnates
Aussie Regulator Joins Crackdown Against Finfluencers: Issues 18 Notices
The Australian financial market regulator has issued warning notices against 18 social media ‘finfluencers’ who were suspected of unlawfully promoting high-risk financial products, like contracts f...
Asic
finfluencer
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
USD/INR rebounds after five-day winning streak ahead of India’s CPI data
USD/INR rebounds after five-day winning streak ahead of India’s CPI data
The Indian Rupee (INR) opens on a weak note against its major peers on Thursday ahead of the Indian Consumer Price Index (CPI) data for May, which will be published at 10:30 GMT.
India
USDINR
Inflation
UnitedStates
SEO
USD/CHF breaks below 0.8200 due to escalating Middle East tensions
USD/CHF breaks below 0.8200 due to escalating Middle East tensions
USD/CHF extends its losses for the second successive day, trading around 0.8160 during the Asian hours on Thursday. The pair depreciates as the Swiss Franc (CHF) received support from the increased safe-haven demand amid escalating tensions between Israel and Iran.
USDCHF
Macroeconomics
Majors
Switzerland
GBP/USD extends the rally above 1.3550 ahead of UK monthly GDP data
GBP/USD extends the rally above 1.3550 ahead of UK monthly GDP data
The GBP/USD pair extends its upside to near 1.3580 during the Asian trading hours on Thursday. The cooler-than-expected US inflation data weighs on the US Dollar (USD) against the Pound Sterling (GBP).
Majors
Macroeconomics
GBPUSD
EUR/JPY Price Forecast: Trades below 166.00 after pulling back from eight-month highs
EUR/JPY Price Forecast: Trades below 166.00 after pulling back from eight-month highs
EUR/JPY halts its five-day winning streak, trading around 165.80 during the Asian hours on Thursday. The strengthening of a bullish bias appears as the currency cross moves upwards within an ascending channel pattern, suggested by the technical analysis of the daily chart.
EURJPY
Crosses
Technical Analysis
ForexLive Asia-Pacific FX news wrap: Middle East tensions dominate
ForexLive Asia-Pacific FX news wrap: Middle East tensions dominate
Forex news for Asian trading on Thursday, June 12, 2025
Session wrap
Wrap Asia
EUR/USD advances to 1.1530, highest since April 22 amid sustained USD selling
EUR/USD advances to 1.1530, highest since April 22 amid sustained USD selling
The EUR/USD pair extends its weekly uptrend and climbs to the 1.1530 area or the highest level since April 22 during the Asian session on Thursday. Moreover, the fundamental backdrop favors bullish traders and suggests that the path of least resistance for spot prices is to the upside.
EURUSD
Inflation
Fed
ECB
Currencies
US Dollar Index falls below 98.50 as softer inflation data boost odds of Fed rate cuts
US Dollar Index falls below 98.50 as softer inflation data boost odds of Fed rate cuts
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading lower at around 98.40 during the Asian hours on Thursday.
Macroeconomics
DollarIndex
UnitedStates
Fed
Japanese Yen adds to intraday gains; USD/JPY slides further below 144.00 amid notable USD weakness
Japanese Yen adds to intraday gains; USD/JPY slides further below 144.00 amid notable USD weakness
The Japanese Yen (JPY) clings to strong intraday gains through the early European session on Thursday and hits a fresh weekly high against a broadly weaker US Dollar (USD).
USDJPY
BOJ
Fed
Inflation
SEO
Silver Price Forecast: XAG/USD rises above $36.30 amid heightened Middle East geopolitical tensions
Silver Price Forecast: XAG/USD rises above $36.30 amid heightened Middle East geopolitical tensions
The Silver price (XAG/USD) attracts some buyers to around $36.30, snapping the two-day losing streak during the Asian trading hours on Thursday. The weaker US Dollar (USD) and escalating geopolitical tensions in the Middle East provide some support to the white metal.
XAGUSD
Silver
Commodities
Macroeconomics
Australian consumer inflation expectations have jumped to 5%
Australian consumer inflation expectations have jumped to 5%
Melbourne Institute Survey of Consumer Inflation Expectations in Australia
Australian Dollar holds losses despite weaker US Dollar amid rising Middle East tensions
Australian Dollar holds losses despite weaker US Dollar amid rising Middle East tensions
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Thursday, extending its losses for the second consecutive day. However, the AUD/USD pair may appreciate as softer US inflation data have boosted bets of a Federal Reserve (Fed) rate cut in September.
AUDUSD
Macroeconomics
Majors
Australia
SEO
The USD remains under pressure in Asia trade
The USD remains under pressure in Asia trade
JPY, CHF, EUR, GBP, gold all adding to their gains