Australian FX and CFD brokers holding Australian Financial Services (AFS) licenses are under renewed pressure from the Australian Securities and Investments Commission (ASIC) to ensure all inform...
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $62.13 per barrel, down from Monday’s close at $62.50.
The USD/CHF pair trades with mild gains near 0.8180 during the early European session on Tuesday, bolstered by a modest rebound of the US Dollar (USD).
EUR/JPY remains steady after registering gains in the previous day, trading around 163.30 during the Asian hours on Tuesday. Eurozone Harmonized Index of Consumer Prices (HICP) data, scheduled to be released later in the day, will be eyed.
Australia’s national financial intelligence agency has introduced new rules concerning cryptocurrency ATMs, which include setting cash deposit and withdrawal limits of AU$5,000 (around US$3,250).
The AUD/JPY cross attracted some sellers after the Reserve Bank of Australia (RBA) meeting Minutes showed that the central bank had considered an outsized 50 basis point cut in May.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, has rebounded from a six-week low of 98.58 and is trading higher near 98.90 during the Asian hours on Tuesday. Traders would likely observe the release of the JOLTS Job Openings later on Tuesday.
The Silver price (XAG/USD) faces some selling pressure to around $34.15 after retreating from a nearly seven-month high during the Asian trading hours on Tuesday. The white metal loses ground due to some profit-taking amid easing trade tensions.
The GBP/USD pair attracts some sellers during the Asian session on Tuesday and erodes a part of the overnight strong move up to the 1.3560 area, or a multi-day peak.
Gold price (XAU/USD) maintains its offered tone below a four-week top touched earlier this Tuesday, though it has managed to rebound slightly from the daily low set during the first half of the European session.
EUR/USD edges lower after registering over 0.50% gains in the previous session, trading around 1.1420 during the Asian hours on Tuesday. The US Dollar (USD) recovers its ground on technical correction, despite growing concerns regarding stagflation in the United States (US).
The Japanese Yen (JPY) remains on the back foot against a broadly recovering US Dollar (USD), though it lacks follow-through selling amid hawkish Bank of Japan (BoJ) expectations.
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Tuesday after registering around 1% gains in the previous session. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia’s (RBA) Meeting Minutes.
According to a draft of the government’s economic policy roadmap obtained by Reuters, “Japan is expected to promote domestic ownership of government bonds to avoid further rises in long-term interest rates.”
China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly contracted to 48.3 in May from 50.4 in April, according to the latest data released on Tuesday.
The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1869 as compared to last Friday's fix of 7.1848 and 7.1872 Reuters estimate.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.40 during the Asian trading hours on Tuesday. The WTI price edges higher after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase their production again.
Bank of Japan (BoJ) former board member Makoto Sakurai said on Tuesday that the Japanese central bank will probably halt its quarterly reductions in government bond purchases starting next fiscal year, per Bloomberg.
An Iranian diplomat said on Monday that Tehran is poised to reject a US proposal to end a decades-old nuclear dispute after the US draft insisted that Iran would have to suspend the enrichment of uranium inside Iran, per Reuters.
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