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US Industrial Production contracts 0.2% in May vs. 0.1% expected
US Industrial Production contracts 0.2% in May vs. 0.1% expected
Industrial Production in the United States (US) contracted by 0.2% on a monthly basis in May, the data published by the Federal Reserve showed on Tuesday. This reading followed the 0.1% growth recorded in April and came in worse than the market expectation for an expansion of 0.1%.
UnitedStates
IndustrialProduction
EconomicIndicator
Macroeconomics
US dollar firms after retail sales
US dollar firms after retail sales
US dollar climbs around 15 pips
USD/INR strengthens toward two-month high as Oil rally and Iran-Israel tensions weigh on Rupee
USD/INR strengthens toward two-month high as Oil rally and Iran-Israel tensions weigh on Rupee
The Indian Rupee (INR) weakens against the US Dollar (USD) on Tuesday, giving up Monday’s modest rebound as heightened geopolitical tensions in the Middle East, stronger Crude Oil prices, and a resilient Greenback dampen sentiment ahead of the Federal Reserve’s (Fed) key interest rate decision.
USDINR
India
Fundamental Analysis
Technical Analysis
US Retail Sales decline by 0.9% in May vs -0.7% expected
US Retail Sales decline by 0.9% in May vs -0.7% expected
Retail Sales in the United States (US) declined by 0.9% in May to $715.4 billion, the US Census Bureau announced on Tuesday. This reading followed the 0.1% decrease (revised from +0.1%) recorded in April and came in worse than the market expectation for a contraction of 0.7%.
UnitedStates
EconomicIndicator
RetailSales
Macroeconomics
US import prices for May 0.0% versus -0.2% estimated
US import prices for May 0.0% versus -0.2% estimated
US import and export prices for the month of May 2025
JPY is remarkably quiet – Scotiabank
JPY is remarkably quiet – Scotiabank
Japanese Yen (JPY) is entering Tuesday’s NA session unchanged vs. the US Dollar (USD), having faded its marginal BoJ-driven gain following the central bank’s policy decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDJPY
Banks
BOJ
Japan
GBP soft and underperforming in quiet trade – Scotiabank
GBP soft and underperforming in quiet trade – Scotiabank
Pound Sterling (GBP) is soft, down a modest 0.2% vs. the US Dollar (USD) but underperforming all of the G10 currencies in relatively quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBPUSD
Banks
BOE
Technical Analysis
EUR flat and ignoring stronger ZEW – Scotiabank
EUR flat and ignoring stronger ZEW – Scotiabank
Euro (EUR) is quietly trading within an incredibly tight range, consolidating in the mid-1.15s just below its recent multi-year highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EURUSD
Banks
Technical Analysis
EUR/GBP remains close to the 0.8545 highs with downside attempts limited
EUR/GBP remains close to the 0.8545 highs with downside attempts limited
Euro buyers appeared on Monday to keep downside attempts limited at the 0.8500 area and the EUR/GBP’s immediate bullish trend intact.
EURGBP
Currencies
Crosses
Gold Price Forecast: XAU/USD rises near $3,400, remains supported by Middle East tensions
Gold Price Forecast: XAU/USD rises near $3,400, remains supported by Middle East tensions
Gold price (XAU/USD) trades 0.4% higher to near $3,400 during European trading hours on Tuesday. The yellow metal edges up as demand for safe-haven assets remains firm amid conflicts in the Middle East.
Gold
XAUUSD
Fed
MiddleEast
SupportResistance
CAD holds minor gain on USD – Scotiabank
CAD holds minor gain on USD – Scotiabank
The Canadian Dollar (CAD) is a mild outperformer on the session, catching a modest bid alongside the Australian Dollar (AUD) and New Zealand Dollar (NZD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDCAD
Banks
Canada
BOC
USD trades mixed amid market uncertainty – Scotiabank
USD trades mixed amid market uncertainty – Scotiabank
The US Dollar (USD) is trading narrowly mixed amid subdued FX turnover, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
DollarIndex
Banks
Fed
Forexlive European FX news wrap: BoJ delivers on expectations, Israel-Iran attacks go on
Forexlive European FX news wrap: BoJ delivers on expectations, Israel-Iran attacks go on
Forex news from the European morning session on Jun 17, 2025
Session wrap
Wrap Europe
 USD/JPY Price Forecast: Bulls are taking control, aiming for 145.35 and 146.00
 USD/JPY Price Forecast: Bulls are taking control, aiming for 145.35 and 146.00
The US Dollar is trading with minor gains against the Japanese Yen on Tuesday, on track to complete a three-day winning streak.
USDJPY
Technical Analysis
Currencies
US stock futures slump as Middle East conflict enters fifth day
US stock futures slump as Middle East conflict enters fifth day
US stock index futures face a sharp selling pressure during European trading hours on Tuesday.
DowJones
Equities
MiddleEast
Fed
SP500
Australian Dollar holds firm amid Fed caution and Iran–Israel diplomatic push
Australian Dollar holds firm amid Fed caution and Iran–Israel diplomatic push
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday, with the AUD/USD pair holding comfortably within Monday’s trading range.
AUDUSD
RBA
Australia
Fed
Crude oil consolidates as traders await fresh Israel-Iran developments
Crude oil consolidates as traders await fresh Israel-Iran developments
After the initial surge in prices at the start of the conflict, the fears in the market eased given the lack of supply impairment
USD/CNH: Likely to trade in a range between 7.1750 and 7.1950 – UOB Group
USD/CNH: Likely to trade in a range between 7.1750 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1750 and 7.1950 against the Chinese Yuan (CNH). USD traded in a quiet manner last Friday. USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
US: Section 899 may be weakened in the near future – Commerzbank
US: Section 899 may be weakened in the near future – Commerzbank
Last night, Republican senators presented their version of the 'Big Beautiful Bill', which includes a number of changes. The proposed changes to Section 899 are likely to be particularly relevant for the US Dollar (USD), Commerzbank's FX analyst Michael Pfister notes.
Banks
DollarIndex
UnitedStates
USD/JPY: Chance to rise above 145.00 – UOB Group
USD/JPY: Chance to rise above 145.00 – UOB Group
There is a chance for US Dollar (USD) to rise above 145.00 against Japanese Yen (JPY); the major resistance at 145.50 is unlikely to come under threat. In the longer run, USD is likely to trade in a range between 143.00 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Banks
Technical Analysis
Natural Gas prices climb on fears of LNG disruption via Hormuz – ING
Natural Gas prices climb on fears of LNG disruption via Hormuz – ING
European natural Gas prices rose to their highest level since early April on Monday, after jumping by 4.8% last Friday, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
Commodities
Banks
Energy
US President Trump: I have not reached out to Iran for "Peace Talks" in any way
US President Trump: I have not reached out to Iran for "Peace Talks" in any way
In the latest post on his social media platform on Tuesday, Truth Social, US President Donald Trump said: "I have not reached out to Iran for “Peace Talks” in any way, shape, or form. This is just more HIGHLY FABRICATED, FAKE NEWS! If they want to talk, they know how to reach me.
UnitedStates
Politics
MiddleEast
DollarIndex
GBP/JPY returns above 196.30 after the post-BoJ reversal
GBP/JPY returns above 196.30 after the post-BoJ reversal
The Pound extended its reversal from Monday’s high at 196.85 after the Bank of Japan released its monetary policy decision on Tuesday, but, so far, the pair has remained steady above last week’s highs at 196.00.
GBPJPY
Currencies
Crosses
BOJ
Oil remains on edge – ING
Oil remains on edge – ING
Oil prices are rising again after President Donald Trump called for the evacuation of Tehran, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Banks
Energy
WTI
NZD/USD: Likely to consolidate in a range of 0.6025/0.6085 – UOB Group
NZD/USD: Likely to consolidate in a range of 0.6025/0.6085 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate in a range of 0.6025/0.6085. In the longer run, upward momentum is increasing, but NZD must first close above 0.6095 before a move to 0.6135 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
S&P 500 rebounds from the 5960 support – Société Générale
S&P 500 rebounds from the 5960 support – Société Générale
The S&P 500 is testing the resilience of its uptrend after rebounding from a key support level near 5960pts, with momentum indicators suggesting caution, Société Générale's FX analysts note.
Banks
SP500
Technical Analysis
DXY: Sideways near recent low – OCBC
DXY: Sideways near recent low – OCBC
US Dollar (USD) continued to trade near recent lows as markets navigate higher oil prices owing to geopolitical tensions, tariff uncertainties and central bank meetings this week. Dollar Index (DXY) was last at 98.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
EUR/JPY clears key resistance – Société Générale
EUR/JPY clears key resistance – Société Générale
EUR/JPY extends gains after breaking out of a multi-month range, supported by bullish momentum and stable technical indicators, Société Générale's FX analysts note.
EURJPY
Banks
Technical Analysis
BoJ: Unchanged as expected – Commerzbank
BoJ: Unchanged as expected – Commerzbank
This morning, the Bank of Japan left its key interest rate unchanged at 0.5%. This decision was anticipated by both economists and the market, and according to the BoJ, it was reached unanimously, Commerzbank's FX analyst Volkmar Baur notes.
BOJ
Banks
Japan
CentralBanks
USDJPY
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Silver
Commodities
Metals
USD/CAD falls toward 1.3550 due to higher Oil prices, Canada’s 10-year yield
USD/CAD falls toward 1.3550 due to higher Oil prices, Canada’s 10-year yield
USD/CAD continues to lose ground for the fourth successive session, trading around 1.3560 during the European hours on Tuesday.
Macroeconomics
USDCAD
Canada
Majors
Oil
US President Trump: EU not yet offering a fair deal
US President Trump: EU not yet offering a fair deal
US President Donald Trump said on Tuesday, “the European Union (EU) is not yet offering a fair deal.”
UnitedStates
DollarIndex
Macroeconomics
TradeWar
Silver Price Forecast: XAG/USD is testing the top of a potential Bullish Flag at $36.60
Silver Price Forecast: XAG/USD is testing the top of a potential Bullish Flag at $36.60
Silver consolidates above $36.00 with the upside trend intact.Risk-off markets and higher demand for safe havens are supportive of precious metals.XAG/USD is forming a potential Bullish Flag.Silver (XAG/USD) is on a downside correction from all-time highs, near $37.00 hit on Early June.
XAGUSD
Silver
Commodities
Bullish
AUD/USD can retest the 0.6550 level – UOB Group
AUD/USD can retest the 0.6550 level – UOB Group
Australian Dollar (AUD) could retest the 0.6550 level against US Dollar (USD) before a more sustained and deeper pullback is likely. In the longer run, AUD appears to have moved into a range-trading phase between 0.6430 and 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
German ZEW Economic Sentiment Index leaps to 47.5 in June vs. 35 expected
German ZEW Economic Sentiment Index leaps to 47.5 in June vs. 35 expected
The headline German ZEW Economic Sentiment Index jumped to 47.5 in June from 25.2 in May, beating the market forecast of 35 by a wide margin.
Germany
EconomicIndicator
EURUSD
Sentiment
ECB’s Stournaras: Any further rate cuts will depend on data
ECB’s Stournaras: Any further rate cuts will depend on data
European Central Bank (ECB) policymaker Yannis Stournaras said on Tuesday, “any further rate cuts will depend on data.”
CentralBanks
ECB
InterestRate
EURUSD