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US FBI Director: China targets our food supply, putting American lives at serious risk
US FBI Director: China targets our food supply, putting American lives at serious risk
Federal Bureau of Investigation (FBI) Director Kash Patel confirmed via post on X the arrest of two Chinese nationals charged for smuggling potential bioterror fungus into the US.
China
UnitedStates
TradeWar
DollarIndex
Australian Dollar remains subdued as US Dollar holds ground ahead of ISM Services PMI
Australian Dollar remains subdued as US Dollar holds ground ahead of ISM Services PMI
The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Wednesday after offering its daily gains. However, the AUD/USD pair remained in positive territory following the release of mixed economic data from Australia.
AUDUSD
SEO
Majors
Macroeconomics
Australia
Australian Q1 2025 GDP 0.2% q/q (vs. expected 0.4%)
Australian Q1 2025 GDP 0.2% q/q (vs. expected 0.4%)
There were some estimates revised sharply lower going into this data
PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1869 previous
PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1869 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1886 as compared to the previous day's fix of 7.1869 and 7.1977 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
NZD/USD strengthens to near 0.6000, eyes on potential US-China talks
NZD/USD strengthens to near 0.6000, eyes on potential US-China talks
The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid concerns over the impact of US President Donald Trump’s tariffs on the US economy and global trade.
NZDUSD
Majors
Macroeconomics
US FBI Director: China target our food supply, putting American lives serious risk
US FBI Director: China target our food supply, putting American lives serious risk
This related to the news that two Chinese nationals have been charged for smuggling potential bioterror fungus into the US
Iran says open to accept nuclear consortium on its soil
Iran says open to accept nuclear consortium on its soil
Iran is open to basing a nuclear deal with the United States (US) around the idea of a regional uranium enrichment consortium based in Iran, Axios reported on Wednesday, citing a senior Iranian official.
Iran
UnitedStates
MiddleEast
Macroeconomics
WTI extends upside above $62.50 geopolitical risks, supply fears
WTI extends upside above $62.50 geopolitical risks, supply fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.80 during the Asian trading hours on Tuesday. The WTI price extends the rally to two-week highs amid persistent geopolitical tensions and a weaker US Dollar (USD).
Oil
WTI
Commodities
Macroeconomics
Iran open to nuclear deal around the idea of a regional uranium enrichment consortium
Iran open to nuclear deal around the idea of a regional uranium enrichment consortium
Iran is open to basing a nuclear deal with the U.S. around the idea of a regional uranium enrichment consortium, so long as it is located within Iran
GBP/USD settles into a holding pattern just above 1.3500
GBP/USD settles into a holding pattern just above 1.3500
GBP/USD trimmed bullish momentum on Tuesday, settling into slim chart churn just north of 1.3500.
GBPUSD
TradeWar
PMI
USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
USD/CAD remains on the defensive near 1.3700 ahead of BoC rate decision
The USD/CAD pair remains on the defensive around 1.3715 during the early Asian session on Wednesday. The Canadian Dollar (CAD) edges higher against the Greenback as crude oil prices rise.
USDCAD
Majors
Macroeconomics
BOC
Breaking: Australian Gross Domestic Product advances 0.2% QoQ in Q1 vs. 0.4% expected
Breaking: Australian Gross Domestic Product advances 0.2% QoQ in Q1 vs. 0.4% expected
Australia’s Gross Domestic Product (GDP) expanded 0.2% QoQ in the first quarter (Q1) of 2025 compared with the 0.6% growth in the fourth quarter of 2024, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in weaker than the expectations of 0.4%.
Breaking
Australia
AUDUSD
GDP
TradeWar
Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing
Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing
Steel manufacturing jobs boosted, outweighed by broad manufacturing job losses elsewhere
Politics
USD
AUD/JPY Price Forecast: Edges higher with eyes set on 94.00 as bullish harami emerges
AUD/JPY Price Forecast: Edges higher with eyes set on 94.00 as bullish harami emerges
The AUD/JPY opens Wednesday’s Asian session with a positive mood, posting gains of over 0.08% at the time of writing. The cross-pair appears poised to extend the ongoing leg up, testing the May 29 daily high of 93.86.
AUDJPY
Technical Analysis
Currencies
Crosses
Bullish
Oil: private survey of inventory shows a larger headline crude oil draw than expected
Oil: private survey of inventory shows a larger headline crude oil draw than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Trump-owned Truth Social files for Bitcoin ETF - New York Stock Exchange listing sought
Trump-owned Truth Social files for Bitcoin ETF - New York Stock Exchange listing sought
NYSE Arca for the Truth Social Bitcoin ETF, which it says looks to track the price of bitcoin.
Trump and Xi to talk on Friday? That's the latest chatter.
Trump and Xi to talk on Friday? That's the latest chatter.
Trump "is obsessed with having a call with Xi”
Politics
China
USD/CHF Price Forecast: Rebounds from 6-week low, climbs past 0.8200
USD/CHF Price Forecast: Rebounds from 6-week low, climbs past 0.8200
USD/CHF bounces off six-week lows of 0.8155 and surges past the 0.8200 figure as the Greenback is boosted by solid US jobs data, which is pushing the pair above its opening price by 0.26%.
USDCHF
Technical Analysis
Currencies
Majors
Australia’s Scam Losses Jump Nearly 30% Despite Fewer Reports
Australia’s Scam Losses Jump Nearly 30% Despite Fewer Reports
News Discussion Forum
by Finance Magnates
Australia’s Scam Losses Jump Nearly 30% Despite Fewer Reports
Scam losses in Australia surged in the first months of 2025, reaching nearly $119 million despite a drop in scam reports. Investment fraud remains a major cause, accounting for more than half of th...
Australia
Silver Price Forecast: XAG/USD pulls back from yearly highs but stays above $34.50
Silver Price Forecast: XAG/USD pulls back from yearly highs but stays above $34.50
Silver (XAG/USD) price trimmed some of its Monday’s 5% gains, edging down 0.52% on Tuesday, with the grey metal trading near the $34.50 area, stuck to the highs of the current week.
Technical Analysis
XAGUSD
Silver
AUD/USD retreats from psychological resistance as the Fed remains in the spotlight
AUD/USD retreats from psychological resistance as the Fed remains in the spotlight
The Australian Dollar (AUD) is erasing some of its gains against the US Dollar (USD) on Tuesday, after experiencing a positive surge in bullish momentum on Monday.
AUDUSD
Technical Analysis
Fundamental Analysis
Forexlive Americas FX news wrap: US dollar firms as the trade war ebbs
Forexlive Americas FX news wrap: US dollar firms as the trade war ebbs
Forex news for North American trading on Jun 3, 2025
Session wrap
Wrap Nth America
Economic calendar in Asia 04 June 2025 - Australian Q2 GDP
Economic calendar in Asia 04 June 2025 - Australian Q2 GDP
Asian Economic Calendar: Key Events and Consensus Expectations for 04 June 2025
economic calendar
EUR/USD slips as Greenback gains on data surge, trade fears rattle markets
EUR/USD slips as Greenback gains on data surge, trade fears rattle markets
EUR/USD retreats after hitting a six-week peak of 1.1454 on Tuesday amid increasing concerns of market participants regarding the trade war ignited by the United States (US). The Greenback’s appreciation weighs on the pair, which trades at 1.1379, down 0.52%.
EURUSD
Fundamental Analysis
Technical Analysis
Majors
SEO
Revolut Eyes Crypto Derivatives Market, General Manager Job Posting Shows
Revolut Eyes Crypto Derivatives Market, General Manager Job Posting Shows
News Discussion Forum
by Finance Magnates
Revolut Eyes Crypto Derivatives Market, General Manager Job Posting Shows
A recent hiring post may have just unveiled Revolut’s next big move in the crypto space: a full-scale expansion into derivatives trading.
British Pound trades flat amid BoE caution, US Dollar recovers modestly
British Pound trades flat amid BoE caution, US Dollar recovers modestly
The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday high while remaining within Monday’s range.
GBPUSD
BOE
Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
Mexican Peso trades sideways against the US Dollar as US jobs data remains in focus
The Mexican Peso (MXN) is trading in a tight range against the US Dollar (USD) on Tuesday, following the Greenback's recovery from Monday’s sell-off.
USDMXN
Banxico
Currencies
Mexico
Fundamental Analysis