Author: FX
USD/JPY shows a bearish Stochastic crossover in overbought territory, hinting at momentum cooling. Does price confirm a pullback, or does the trend absorb the signal and continue higher? Source link
The U.S. dollar finished the day mixed against the major currencies, with price action reflecting a tug-of-war between higher Treasury yields, resilient U.S. economic data, improving risk sentiment, and ongoing geopolitical uncertainty. The greenback posted gains against the Swiss franc and Canadian dollar, while losing ground against the Japanese yen, euro, and New Zealand dollar. The dollar was little changed against both the British pound and the Australian dollar.Notably, the moves were relatively modest across the board. All of the major currency pairs finished within 0.24% of unchanged on the day. The dollar’s strongest performance came against the Swiss franc,…
MUFG’s Hardman links a sharp correction in South Korean AI‑heavy equities to potential pressure on the Korean Won. USD/KRW hit a fresh high above 1,560 after strong US jobs data, but then fell about 1.5% as authorities unveiled emergency FX measures, including tighter oversight of offshore derivatives and enhanced scrutiny of suspected misconduct and illegal transactions.Equity selloff and emergency FX response”The sharp correction lower for South Korea’s equity market which is dominated by the AI tech stocks of Samsung Electronics and SK Hynic Inc, could add to selling pressure for the Korean won. Foreign investors have already been heavy sellers…
Sector OverviewToday’s market heatmap reveals a strong uptick in the semiconductor sector, with standout performances from industry giants. Micron Technology (MU) surged by a substantial 8.79%, while Intel (INTC) showed impressive strength, climbing 10.78%. This recovery suggests a renewed investor confidence possibly driven by promising earnings reports or advancements in technology.Consumer cyclicals also show positive movement, particularly in internet retail where Amazon (AMZN) rose by 0.42%, reflecting steady demand in the e-commerce realm. On the other hand, communication services are under pressure; notably, Google (GOOGL) fell by 1.84%, which may signal challenges or shifting dynamics within digital advertising or regulatory…
ING economists Peter Virovacz and Zoltán Homolya highlight that the Hungarian Forint (HUF) has sharply appreciated, with investors now treating Hungary as a quasi-eurozone economy. They argue that policymakers are likely to prioritise FX stability rather than further HUF gains, signalling a preference for EUR/HUF trading near an estimated fair value band instead of continued appreciation.Forint strength seen as overdone”Despite all the challenges, we believe that the most significant and shocking issue for an export-oriented economic structure is the substantial appreciation of the Hungarian forint. Despite geopolitical issues, the HUF has strengthened by 11-12% since mid-March. Over the past two…
Investor confidence -13.4 vs -14.6 expectedPrior -16.4Euro area investor morale picked up more than expected heading into June, as concerns about a deep economic slowdown eased compared to the previous month. That said, the overall reading remains relatively subdued following the steep drop since April.As things stand, the mood surrounding the euro area economic outlook is still rather poor compared to other major regions.Germany remains the biggest drag still, with the current conditions index there falling by another 0.2 points to its lowest since February 2025. The overall reading for the euro area with regards to the current situation index…
The GBP/USD pair trades marginally lower to near 1.3338 during the European trading session on Monday. The pair posts a fresh almost three-week low near 1.3316 in the day, as the US Dollar (USD) outperforms amid growing expectations that the Federal Reserve (Fed) will raise interest rates this year.During press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto Friday’s gains near 100.10. US Dollar Price Last 7 Days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest…
Before buying a prop firm challenge, look beyond the price. Reviews, payout proof, transparency, and trading rules often matter more than discounts or profit splits. Source link
Markets:WTI crude oil up $3.33 to $93.53US 10-year yields up 3 bps to 4.56%Gold down $22 to $4306EUR leads, CHF lagsS&P 500 futures up 0.2%Nikkei down 3.6%The weekend and Monday featured a full dose of Middle East drama. It started with Israeli strikes on Sunday on Beirut. That was followed by Iran on Monday firing a volley at Israel. In response, Israel struck roughly 10 targets in Iran. That’s since been followed by launches from Yemen and perhaps Iran at Israel. So far they’ve been intercepted.In between, Trump (and multiple reports) said Trump had asked Israel not to respond and…
DXY crossed 100 after May’s blowout NFP. Here’s why that round number reshapes other major assets, and what traders watch next. Source link