Forex News

Gold flirts with $3,400 as investors monitor geopolitical risks and US Dollar weakness

News Discussion Forum

By Fxstreet

Gold flirts with $3,400 as investors monitor geopolitical risks and US Dollar weakness

Gold is trading lower on Monday as a combination of profit-taking and geopolitical risks continues to drive prices.

Gold

XAUUSD

Commodities

Technical Analysis

Macroeconomics

JPY soft and underperforming ahead of BoJ Tuesday – Scotiabank

News Discussion Forum

By Fxstreet

JPY soft and underperforming ahead of BoJ Tuesday – Scotiabank

The Japanese Yen (JPY) is soft against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of mild risk appetite, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

USDJPY

Banks

Japan

BOJ

Technical Analysis

Canada May housing starts 279.5K vs 245K expected

News Discussion Forum

By Forex Live

Canada May housing starts 279.5K vs 245K expected

Canadian May 2025 housing starts from the CMHC

CAD

News Discussion Forum

By Fxstreet

USD/JPY: BoJ is coming up next – OCBC

Geopolitical escalation in Middle East saw safe haven proxies, including JPY strengthening last Friday. USD/JPY was last at 144.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

USDJPY

Banks

Technical Analysis

BOJ

GBP flat into high risk week – Scotiabank

News Discussion Forum

By Fxstreet

GBP flat into high risk week – Scotiabank

Pound Sterling (GBP) is entering Monday’s NA session flat against the US Dollar (USD), a relative underperformer in an environment of modest risk appetite and mild USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

GBPUSD

Banks

Technical Analysis

OPEC leaves forecasts for global oil demand unchanged in 2025 and 2026

News Discussion Forum

By Forex Live

OPEC leaves forecasts for global oil demand unchanged in 2025 and 2026

The latest monthly report from OPEC

Oil

News Discussion Forum

By Fxstreet

Copper prices are edging lower – ING

Copper edged lower after China’s new-home prices fell the most in seven months, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

Metals

Commodities

Copper

Banks

What is expected for the upcoming BoJ decision?

News Discussion Forum

By Forex Live

What is expected for the upcoming BoJ decision?

The central bank is expected to keep interest rates unchanged and slow the reduction in its bond purchases

JPY

ForexLive European FX news wrap: Markets look to move on from Iran, Israel tensions

News Discussion Forum

By Forex Live

ForexLive European FX news wrap: Markets look to move on from Iran, Israel tensions

Forex news from the European morning session on Jun 16, 2025

Session wrap

Wrap Europe

EUR up modestly, with focus on ECB/Fed outlook – Scotiabank

News Discussion Forum

By Fxstreet

EUR up modestly, with focus on ECB/Fed outlook – Scotiabank

Euro (EUR) is up 0.2% vs. the US Dollar (USD) and a mid-performer among the G10, extending its recovery from last week’s geopolitically-driven pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

EURUSD

Banks

Technical Analysis

NZD/USD surges to near 0.6040 as investors digest Middle East tensions

News Discussion Forum

By Fxstreet

NZD/USD surges to near 0.6040 as investors digest Middle East tensions

The NZD/USD pair is up 0.5% to near 0.6040 during European trading hours on Monday. The Kiwi pair strengthens as demand for riskier assets has increased, while tensions between Israel and Iran remain intact.

NZDUSD

Fed

RiskAppetite

MiddleEast

InterestRate

CAD retains a firm undertone but ignores crude swings – Scotiabank

News Discussion Forum

By Fxstreet

CAD retains a firm undertone but ignores crude swings – Scotiabank

The Canadian Dollar (CAD) retains a firm undertone against a generally softer US Dollar (USD). The CAD’s performance since the outbreak of Israel/Iran hostilities last week is fairly middling among the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

USDCAD

Banks

Technical Analysis

Canada

BOC

News Discussion Forum

By Fxstreet

Gold rises toward a record high – ING

Gold is higher at the Monday open, getting closer to a fresh all-time high, with rising tensions in the Middle East fuelling haven demand, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

Gold

Commodities

Banks

Metals

XAUUSD

USD slips as risk sentiment improves – Scotiabank

News Discussion Forum

By Fxstreet

USD slips as risk sentiment improves – Scotiabank

The US Dollar (USD) is softer overall, crude oil is lower while the ILS is some 2% stronger and risk appetite is firmer at the start of what is likely to be a busy week for markets, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note, Scotiabank's Chief FX Strategists Shaun Osborne and Eric T

DollarIndex

Banks

Technical Analysis

Tehran ready to abandon enrichment but needs a face-saving exit - IranWire

News Discussion Forum

By Forex Live

Tehran ready to abandon enrichment but needs a face-saving exit - IranWire

Iranwire citing exclusive interview with a high-ranking Iranian diplomat

Oil

USD: Dollar rebound has been lacklustre – ING

News Discussion Forum

By Fxstreet

USD: Dollar rebound has been lacklustre – ING

This was always meant to be a very busy week for markets, as a few key central bank meetings – including the Federal Reserve's – were set to refresh the market understanding of policymakers’ stance on the inflation-growth balance in the second month of global US protectionism.

Banks

DollarIndex

Technical Analysis

Oil

Fed

Gold Price Forecast: XAU/USD fails at $3,440 and approaches $3,400 support

News Discussion Forum

By Fxstreet

Gold Price Forecast: XAU/USD fails at $3,440 and approaches $3,400 support

Gold (XAU/USD) is correcting lower after rejection at the $3,440 resistance area on Friday.

XAUUSD

Gold

Metals

Commodities

NZD/USD: Likely to trade in a range of 0.5970/0.6080 for now – UOB Group

News Discussion Forum

By Fxstreet

NZD/USD: Likely to trade in a range of 0.5970/0.6080 for now – UOB Group

New Zealand Dollar (NZD) is likely to trade in a range between 0.6000 and 0.6050. In the longer run, upward pressure has faded; NZD is likely to trade in a range of 0.5970/0.6080 for now.

Banks

NZDUSD

Technical Analysis

News Discussion Forum

By Fxstreet

Energy: Oil in focus – ING

Oil extended gains on Monday morning as Israel-Iran attacks extended to a fourth day. On Saturday, Israel temporarily knocked out a natural gas processing facility linked to the South Pars field and targeted fuel storage tanks during strikes.

Oil

Banks

Energy

Commodities

OPEC

US Dollar Index (DXY) retreats below 98.00, weighed by a brighter market mood

News Discussion Forum

By Fxstreet

US Dollar Index (DXY) retreats below 98.00, weighed by a brighter market mood

Friday’s US dollar recovery has been short-lived.

DollarIndex

Currencies

Fed

News Discussion Forum

By Fxstreet

DXY: Rangebound for now – OCBC

US Dollar (USD) remains a touch firmer amid geopolitical escalation between Israel and Iran. DXY was last at 97.93 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

DollarIndex

Banks

Technical Analysis

USD/CHF consolidates near two-month lows with traders eyeing Fed-SNB cues

News Discussion Forum

By Fxstreet

USD/CHF consolidates near two-month lows with traders eyeing Fed-SNB cues

The Swiss Franc (CHF) is holding steady against the US Dollar (USD) on Monday, even as the US Dollar Index (DXY) slips back below 98.00, with traders brace for a relatively calm start to a week full of central bank decisions and the context of an escalating war between Israel and Iran..

USDCHF

Switzerland

SNB

InterestRate

AUD/USD: Likely to trade sideways between 0.6430 and 0.6550 – UOB Group

News Discussion Forum

By Fxstreet

AUD/USD: Likely to trade sideways between 0.6430 and 0.6550 – UOB Group

Downward pressure appears to have eased; Australian Dollar (AUD) is likely to trade sideways between 0.6460 and 0.6520. 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

USD/JPY gives back early gains ahead of BoJ-Fed monetary policy decision

News Discussion Forum

By Fxstreet

USD/JPY gives back early gains ahead of BoJ-Fed monetary policy decision

The USD/JPY pair surrenders its early gains and flattens around 144.15 during European trading hours on Monday. The pair faces selling pressure as the US Dollar (USD) falls back after failing to extend Friday’s recovery move.

USDJPY

Fed

BOJ

MiddleEast

InterestRate

China: Consumption up, investment down – Standard Chartered

News Discussion Forum

By Fxstreet

China: Consumption up, investment down – Standard Chartered

Retail sales growth accelerated to a 17-month high in May on front-loaded policy support. Better sentiment after US-China tariff truce supported steady export and IP growth.

China

Banks

Growth

Macroeconomics

RetailSales

AUD/USD pares Friday’s losses and returns above 0.6500 as risk aversion ebbs

News Discussion Forum

By Fxstreet

AUD/USD pares Friday’s losses and returns above 0.6500 as risk aversion ebbs

The Australian Dollar is one of the stronger performers on Monday, favoured by an improving market sentiment and a weaker US Dollar. The pair is rallying about 0.45% so far today, returning to levels past 0.6500 as fears about the Middle East conflict ease.

AUDUSD

Currencies

Why tariffs don't matter anymore for the market?

News Discussion Forum

By Forex Live

Why tariffs don't matter anymore for the market?

The market has already baked in a 10% average tariff rate

market overview

EU prepared to accept a flat 10% US tariff under clear conditions

News Discussion Forum

By Fxstreet

EU prepared to accept a flat 10% US tariff under clear conditions

Handelsblatt, a German newspaper, reported on Monday that the European Commission is prepared to accept a flat-rate United States (US) tariff of 10% under clear conditions.

Europe

EURUSD

UnitedStates

TradeWar

Eurozone

Silver Price Forecast: XAG/USD consolidates gains above $36.00

News Discussion Forum

By Fxstreet

Silver Price Forecast: XAG/USD consolidates gains above $36.00

Silver prices (XAG/USD) remain close to the multi-year highs near $37.00 hit last week, despite a moderate decline in demand for safe-haven assets, like precious metals, as fears that the Israel-Iran war might turn into a regional conflict have eased.Israel and Iran have kept exchanging missile atta

XAGUSD

Silver

Fed

Commodities

GBP/USD: Likely to trade sideways between 1.3515 and 1.360 – UOB Group

News Discussion Forum

By Fxstreet

GBP/USD: Likely to trade sideways between 1.3515 and 1.360 – UOB Group

Current price movements are likely part of a sideways trading phase between 1.3515 and 1.3605. In the longer run, GBP must first close above 1.3640 before a move to 1.3700 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBPUSD

Banks

Technical Analysis

Iran’s Foreign Ministry: Parliament is preparing a bill to leave nuclear Non-Proliferation Treaty

News Discussion Forum

By Fxstreet

Iran’s Foreign Ministry: Parliament is preparing a bill to leave nuclear Non-Proliferation Treaty

Esmaeil Baghaei, an Iranian Foreign Ministry spokesperson, said on Monday that the Iranian parliament is preparing a bill to leave the nuclear Non-Proliferation Treaty (NPT).

MiddleEast

Israel

Macroeconomics

Iran

JPY: BoJ to hold, but hike chances underpriced – ING

News Discussion Forum

By Fxstreet

JPY: BoJ to hold, but hike chances underpriced – ING

G10 central bank activity this week starts with the Bank of Japan, which is widely expected to keep rates at 0.5% overnight, ING's FX analyst Francesco Pesole notes.

USDJPY

Banks

BOJ

Technical Analysis

Japan

EU reportedly prepared to accept flat 10% tariffs by US under clear conditions

News Discussion Forum

By Forex Live

EU reportedly prepared to accept flat 10% tariffs by US under clear conditions

Handelsblatt reports on the matter

Politics

GBP/USD: Pullback is on the cards – OCBC

News Discussion Forum

By Fxstreet

GBP/USD: Pullback is on the cards – OCBC

Pound Sterling (GBP) eased further as escalation in geopolitical tensions weighed on sentiments. Pair was last at 1.3583 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

GBPUSD

Banks

Technical Analysis