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Silver Price Forecast: XAG/USD bulls have the upper hand near mid-$34.00s, just below YTD top
Silver Price Forecast: XAG/USD bulls have the upper hand near mid-$34.00s, just below YTD top
Silver (XAG/USD) struggles to capitalize on the overnight bounce from sub-$34.00 levels and oscillates in a narrow trading band during the Asian session on Wednesday.
Silver
Commodities
Technical Analysis
XAGUSD
US President Trump’s Social Media Firm to Launch a Bitcoin ETF
US President Trump’s Social Media Firm to Launch a Bitcoin ETF
News Discussion Forum
By Finance Magnates
US President Trump’s Social Media Firm to Launch a Bitcoin ETF
NYSE Arca, part of the New York Stock Exchange, yesterday (Tuesday) filed with the Securities and Exchange Commission (SEC) for approval to launch an exchange-traded fund (ETF) that tracks the pric...
trump
donald trump
FX option expiries for Jun 4 NY cut
FX option expiries for Jun 4 NY cut
FX option expiries for Jun 4 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Options
Currencies
Gold price remains confined in a narrow band; looks to US data for some impetus
Gold price remains confined in a narrow band; looks to US data for some impetus
Gold price (XAU/USD) extends its consolidative price move around the $3,350 region through the first half of the European session on Wednesday and remains close to a nearly four-week high touched the previous day.
Gold
Commodities
Fed
TradeWar
SEO
EUR/USD hovers below 1.1400 as Eurozone inflation falls below ECB’s 2% target
EUR/USD hovers below 1.1400 as Eurozone inflation falls below ECB’s 2% target
EUR/USD moves little after registering losses in the previous session, trading around 1.1380 during the Asian hours on Wednesday. The pair may appreciate as the US Dollar (USD) struggles due to traders’ caution amid rising tariff uncertainty and its potential to hurt growth in the US economy.
EURUSD
Majors
Macroeconomics
Eurozone
A more subdued mood ahead of European trading today
A more subdued mood ahead of European trading today
Major currencies are not doing much so far on the day
market overview
FX option expiries for 4 June 10am New York cut
FX option expiries for 4 June 10am New York cut
A look at what is on the board for today
USD/INR attracts some buyers on firmer US Dollar, higher crude oil prices
USD/INR attracts some buyers on firmer US Dollar, higher crude oil prices
The Indian Rupee (INR) loses ground on Wednesday. Extended gains in crude oil prices weigh on the local currency. It’s worth noting that India is the world's third-largest oil consumer, and higher crude oil prices tend to have a negative impact on the INR value.
USDINR
India
SEO
Macroeconomics
EmergingMarkets
US Dollar Index Price Forecast: Treads water above 99.00 near nine-day EMA barrier
US Dollar Index Price Forecast: Treads water above 99.00 near nine-day EMA barrier
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after registering over 0.5% gains in the previous session and trading around 99.20 during the Asian hours on Wednesday.
DollarIndex
Technical Analysis
Majors
ForexLive Asia-Pacific FX news wrap: A subdued range session for major FX
ForexLive Asia-Pacific FX news wrap: A subdued range session for major FX
Forex news for Asian trading on Wednesday, June 4, 2025
Session wrap
Wrap Asia
Japanese Yen bounces off weekly low, flat lines against USD amid Trump-Xi trade talk chatter
Japanese Yen bounces off weekly low, flat lines against USD amid Trump-Xi trade talk chatter
The Japanese Yen (JPY) recovers slightly from a fresh weekly low touched against its American counterpart this Wednesday and drags the USD/JPY pair back below the 144.00 mark heading into the European session.
USDJPY
BOJ
TradeWar
Fed
SEO
Canadian PM Office: Additional US tariffs on steel, aluminium are ‘unlawful, unjustified’
Canadian PM Office: Additional US tariffs on steel, aluminium are ‘unlawful, unjustified’
A statement from the Canadian Prime Minister’s Office was released late Tuesday, stating that “additional US tariffs on Canadian steel and aluminium are ‘unlawful and unjustified’.“
Canada
USDCAD
TradeWar
UnitedStates
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
China
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