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Gold steadies as US CPI softens and Trump boosts market optimism
Gold steadies as US CPI softens and Trump boosts market optimism
Gold prices are trading higher midweek as investors digest a softer-than-expected US Consumer Price Index (CPI) report for May, alongside renewed optimism surrounding US-China trade relations.
Gold
XAUUSD
Technical Analysis
Commodities
Macroeconomics
Platinum price rises to 4-year high – Commerzbank
Platinum price rises to 4-year high – Commerzbank
The price of Platinum continued to soar at the start of the new trading week and broke through the $1,200 per troy ounce mark for the first time in four years on Monday, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Commodities
Platinum
Palladium
EUR up marginally vs. USD – Scotiabank
EUR up marginally vs. USD – Scotiabank
The Euro (EUR) is up marginally vs. the US Dollar (USD), trading toward the mid-1.14s on the back of the broader market’s muted reaction to the US/China talks.
EURUSD
Banks
Technical Analysis
ECB
Chinese crude Oil imports fell to 4-month low in May – Commerzbank
Chinese crude Oil imports fell to 4-month low in May – Commerzbank
The Chinese customs authority published data on crude Oil imports in May at the start of the week. Imports fell to a 4-month low of 46.6 million tons or 11 million barrels per day last month. In the previous month, they had still totalled 11.7 million barrels per day.
Banks
Oil
Energy
China
ForexLive European FX news wrap: Dollar steady, US CPI report up next
ForexLive European FX news wrap: Dollar steady, US CPI report up next
Forex news from the European morning session on Jun 11, 2025
Session wrap
Wrap Europe
NZD/USD retreats to 0.6030 lows with investors bracing for US CPI data
NZD/USD retreats to 0.6030 lows with investors bracing for US CPI data
The New Zealand Dollar is trading about 0.35% lower on Wednesday, with investors slightly disappointed by the lack of news of the US-China trade deal, while a soft US Dollar, ahead of the US CPI release, is keeping the Kiwi from dropping further.US Commerce Secretary Howard Lutnick celebrated the ag
NZDUSD
Majors
Macroeconomics
USD/CAD wobbles below 1.3700 as US inflation takes centre stage
USD/CAD wobbles below 1.3700 as US inflation takes centre stage
The USD/CAD trades in a tight range below 1.3700 during European trading hours on Wednesday. The Loonie pair consolidates as investors await the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.
USDCAD
Fed
Inflation
Oil
DollarIndex
GBP: The British Chancellor of the Exchequer's concerns are likely to grow further – Commerzbank
GBP: The British Chancellor of the Exchequer's concerns are likely to grow further – Commerzbank
Yesterday's British labour market data reinforced the concerns of those backing the United Kingdom. The unemployment rate rose as expected, wage growth slowed unexpectedly, and the number of people in employment fell by around 109,000.
GBPUSD
Banks
Technical Analysis
BOE
UnitedKingdom
The night brings white smoke over London – Commerzbank
The night brings white smoke over London – Commerzbank
An agreement was finally reached in the trade talks between China and the US in London in the middle of the night. As expected, the foreign exchange market did not react strongly to the news, Commerzbank's FX analyst Michael Pfister notes.
Banks
China
Hola Prime Making a Name for Itself with 1-Hour Payouts and Full Transparency
Hola Prime Making a Name for Itself with 1-Hour Payouts and Full Transparency
News Discussion Forum
by Finance Magnates
Hola Prime Making a Name for Itself with 1-Hour Payouts and Full Transparency
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USD/INR Price Forecast: The support area at 85.25 is coming into focus
USD/INR Price Forecast: The support area at 85.25 is coming into focus
The Indian Rupee is trading higher for the fifth consecutive day on Wednesday.
USDINR
DollarIndex
Technical Analysis
Inflation
US MBA mortgage applications w.e. 6 June +12.5% vs -3.9% prior
US MBA mortgage applications w.e. 6 June +12.5% vs -3.9% prior
Latest data from the Mortgage Bankers Association for the week ending 6 June 2025
Trump on whether he could reconcile with Musk: I guess I could
Trump on whether he could reconcile with Musk: I guess I could
This follows Musk's post on X earlier in the session
How High Can Bitcoin Go? New BTC Price Predictions Point to $200K in 2025 and $1M Long Term
How High Can Bitcoin Go? New BTC Price Predictions Point to $200K in 2025 and $1M Long Term
News Discussion Forum
by Finance Magnates
How High Can Bitcoin Go? New BTC Price Predictions Point to $200K in 2025 and $1M Long Term
Bitcoin News: Bitcoin price prediction 2025 shows bullish targets of $200K-$230K. Discover why Bitcoin is surging and expert forecasts for retail traders.
bitcoin
Bitcoin (BTC)
Bitcoin news
Bitcoin Price
crypto
EUR/JPY breaks out of multi-month range, eyes 168.40 target – Société Générale
EUR/JPY breaks out of multi-month range, eyes 168.40 target – Société Générale
EUR/JPY has broken above key technical resistance at 164.60, regaining upward momentum after months of consolidation.
EURJPY
Technical Analysis
Banks
Three reasons why higher US inflation figures may not help the USD – Commerzbank
Three reasons why higher US inflation figures may not help the USD – Commerzbank
Today, the foreign exchange market is awaiting the week's key data: the US inflation figures for May.
DollarIndex
Banks
Inflation
Fed
Technical Analysis
ECB's Lane: Last week's cut guards against any uncertainty about our reaction function
ECB's Lane: Last week's cut guards against any uncertainty about our reaction function
European Central Bank (ECB) Chief Economist Philip Lane said on Wednesday that the rate cut announced last week will guard them against any uncertainty about their reaction functions.
ECB
CentralBanks
Retail Brokers Gain Access as Scope Prime Launches Partnership with ZXCM
Retail Brokers Gain Access as Scope Prime Launches Partnership with ZXCM
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by Finance Magnates
Retail Brokers Gain Access as Scope Prime Launches Partnership with ZXCM
Scope Prime has launched a Strategic Partnership Programme. The initiative targets retail-facing brokers with strong local distribution networks.
Scope Markets
Scope Prime
retail
retail brokers
retail FX
ZXCM
XTB Makes Tennis Debut at Roland Garros with 10-Player Sponsorship Strategy
XTB Makes Tennis Debut at Roland Garros with 10-Player Sponsorship Strategy
News Discussion Forum
by Finance Magnates
XTB Makes Tennis Debut at Roland Garros with 10-Player Sponsorship Strategy
Polish investment platform XTB made its first foray into professional tennis by sponsoring 10 players during this year's Roland Garros tournament, marking a shift in the company's sports marketing ...
xtb
tennis
sports-sponsorship
USD/JPY trades broadly calm near 145.00 ahead of US inflation data for May
USD/JPY trades broadly calm near 145.00 ahead of US inflation data for May
The USD/JPY pair trades calmly around 145.00 during European trading hours on Wednesday. The pair oscillates in a tight range, with investors awaiting the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.
USDJPY
Fed
BOJ
Inflation
InterestRate
Gold Price Forecast: XAU/USD resistance at $3,345 is holding bulls for now
Gold Price Forecast: XAU/USD resistance at $3,345 is holding bulls for now
Gold (XAU/USD) is trading higher on Wednesday following some hesitation on Tuesday.
Gold
XAUUSD
Commodities
Trump: Less confident about Iran deal
Trump: Less confident about Iran deal
President Trump speaking in an interview with the New York Post Podcast
Nvidia CEO Huang: Europe has now awakened to the importance of AI data factories
Nvidia CEO Huang: Europe has now awakened to the importance of AI data factories
Comments from the Nvidia CEO as the focus switches to EU after the multi billion contracts in Middle East
USD/CNH: Expected to trade in a range of 7.1730/7.1970 – UOB Group
USD/CNH: Expected to trade in a range of 7.1730/7.1970 – UOB Group
US Dollar (USD) is expected to trade in a range of 7.1730/7.1970 against Chinese Yuan (CNH). In the longer run, 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
Japan: BoJ to pause hike in June, continue QT – Standard Chartered
Japan: BoJ to pause hike in June, continue QT – Standard Chartered
Bank of Japan (BoJ) will hike by 25bps in Q4 on concerns over growth momentum. USD/JPY’s failure to break below 142 on multiple occasions since May raises the risk of a short squeeze. The BoJ to continue with QT at JPY 400bn per quarter from April 2026.
BOJ
Banks
Japan
USDJPY
InterestRate
USD/JPY: Likely to trade in a higher trading range of 144.50/145.50 – UOB Group
USD/JPY: Likely to trade in a higher trading range of 144.50/145.50 – UOB Group
Slight increase in upward momentum is likely to lead to a higher trading range of 144.50/145.50.
USDJPY
Technical Analysis
Banks
CAD: Broadly unattractive – ING
CAD: Broadly unattractive – ING
The Canadian Dollar (CAD) has been one of the best performers in the G10 over the past month, helped by some stronger-than-expected inflation and growth data that ultimately led to a Bank of Canada hold on 4 June, ING's FX analyst Francesco Pesole notes.
USDCAD
Banks
Technical Analysis
Canada
BOC
NZD/USD: Likely to trade with an upward bias – UOB Group
NZD/USD: Likely to trade with an upward bias – UOB Group
New Zealand Dollar (NZD) is likely to trade with an upward bias against US Dollar (USD); the major resistance at 0.6095 is likely out of reach.
NZDUSD
Technical Analysis
Banks
USD: Inflation and 10-year auction in focus today – ING
USD: Inflation and 10-year auction in focus today – ING
This week hasn’t shown a clear direction for the dollar so far. Uncertainty around how far-reaching the US-China trade talks in London will be has left room for domestic factors to shape relative performance across G10 currencies.
DollarIndex
Banks
Technical Analysis
Inflation
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AUD/USD: Major resistance at 0.6555 is likely out of reach – UOB Group
AUD/USD: Major resistance at 0.6555 is likely out of reach – UOB Group
Increasing momentum suggests further upside pressure; the major resistance at 0.6555 is likely out of reach. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Banks
Technical Analysis
AUD/USD drifts closer to 0.6500 with the focus turning to the US CPI release
AUD/USD drifts closer to 0.6500 with the focus turning to the US CPI release
The Australian Dollar is trading lower on Wednesday, retracing Tuesday’s gains as the frail enthusiasm about an alleged trade deal between the US and China faded, with markets turning cautious ahead of the release of US Inflation data.US and China seem to have reached a deal to ease restrictions on
AUDUSD
Currencies
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
Japan prime minister Ishiba says government is taking issue of rising prices seriously
Japan prime minister Ishiba says government is taking issue of rising prices seriously
Remarks by Japan prime minister Ishiba and economy minister Akazawa
BoJ’s Ueda: Uncertainty surrounding Japan, overseas economies very high
BoJ’s Ueda: Uncertainty surrounding Japan, overseas economies very high
A Japanese cabinet official quotes Bank of Japan (BoJ) Governor Kazuo Ueda on Wednesday as the central bank chief attended the meeting on the monthly economic report.
BOJ
USDJPY
CentralBanks
China’s Vice Premier He: China's stance on trade issues with the US is clear and consistent
China’s Vice Premier He: China's stance on trade issues with the US is clear and consistent
Following the US-China trade talks in London, Chinese Vice Premier He Lifeng said on Wednesday that “China's stance on trade issues with the US is clear and consistent.”
China
AUDUSD
UnitedStates
ForeignTrade
TradeWar
EUR/CAD Price Forecast: Tests 1.5650 barrier near descending channel’s upper boundary
EUR/CAD Price Forecast: Tests 1.5650 barrier near descending channel’s upper boundary
EUR/CAD recovers its recent losses, trading around 1.5640 during the European hours on Wednesday. Technical analysis on the daily chart points to the potential weakening of a bearish bias, with the currency cross hovering near the upper boundary of the descending channel.
Technical Analysis
Crosses
EURCAD