Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Why the Swiss Franc isn’t likely to move far from 0.9200 against the Euro
The Swiss Franc (CHF) trades in a tight range against the Euro (EUR) as the Swiss National Bank (SNB) actively works to neutralize safe-haven capital inflows stemming from increased geopolitical woes.Â
Iran warns US against Hormuz transit
Iran’s top joint military command issued a series of warnings on Monday over the Strait of Hormuz, saying any unauthorized United States (US) transit would be confronted and cautioning neighboring countries against supporting Washington.
Silver Price Forecast: XAG/USD remains range-bound with a bearish bias
Silver (XAG/USD) attracts sellers on Monday after renewed fighting between the United States (US) and Iran over the weekend revived energy-driven inflation concerns and reinforced expectations of a Federal Reserve (Fed) interest rate hike later this year.
Euro climbs above 1.1400 as US Dollar loses ground
EUR/USD trades with a mild positive bias on Monday as the US Dollar (USD) gives back its earlier gains. At the time of writing, the pair trades around 1.1424 after recovering from an intraday low of 1.1384.
US President Trump: We are taking over the Strait of Hormuz
In an interview with Fox News on Monday, United States (US) President Donald Trump said that they will probably take over the Strait of Hormuz and argued that they should be reimbursed for controlling it.
Gold Price Forecast: XAU/USD drifts below $4,100, but bears start to look exhausted
Gold (XAU/USD) extends losses on Monday, with price action drifting below the $4,100 line, amid a risk-off market mood, as tensions between the US and Iran flare.
Canadian Dollar: Supported against US Dollar by steady BoC outlook – BNY
BNY’s Geoff Yu notes that the Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25%, with markets not pricing cuts until at least Q4.
GBP/USD Price Forecast: Bounces back to near 1.3400 as US Dollar turns upside down
The British Pound (GBP) recovers its early losses and flattens around 1.3400 against the US Dollar (USD) during the European trading session on Monday.
US Dollar: Fed data focus supports modest gains – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) traded mixed, but expects USD to edge slightly higher over the next couple of months as US labor markets stabilize and inflation remains sticky.
Kiwi nears 0.5800 as RBNZ tightening hopes offset risk aversion
The New Zealand Dollar (NZD) retraced previous losses against the US Dollar (USD) on Monday and trades higher for the fourth consecutive day, approaching three-week highs near 0.5800.
Gold declines as renewed US-Iran hostilities boost Oil prices, Fed rate hike bets
Gold (XAU/USD) starts the week on the back foot as renewed tensions in the Middle East lift Oil prices and bring inflation concerns back into focus, reinforcing expectations of a Federal Reserve (Fed) interest rate hike later this year.
Swiss Franc: ECB support limits gains against euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses EUR/CHF performance since the Iran war, noting that the Swiss National Bank (SNB) has intervened to counter safe haven inflows while the European Central Bank’s (ECB) hawkish stance has supported the Euro (EUR).
Polish Zloty: Dovish NBP pressures PLN against Euro – ING
ING strategist Frantisek Taborsky says Central and Eastern European FX will be driven by secondary data and policy expectations. A dovish National Bank of Poland stance and market pricing of future rate cuts are seen weighing on the Zloty, with ING’s models pointing EUR/PLN closer to 4.340.