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FXStreet

EUR/JPY Price Forecast: Could rebound toward 186.50 as bullish bias prevails

The EUR/JPY pair retreated after three consecutive days of gains, trading near 186.20 during Asian hours on Wednesday. Despite the pullback, the cross maintains a bullish bias as it remains above both the 9-day and 50-da...

ActionForex

DOW Hits Record High as Falling Oil Prices Offset Fed Fears

The DOW Jones Industrial Average reached a record high on Wednesday, diverging from the cautious performance of the S&P 500 and NASDAQ ahead of the Federal Reserve's policy decision. The rally was driven by falling crude...

FXStreet

PBOC's Pan: Will act if money market overnight rate persistently deviates from operation rates

The People’s Bank of China (PBOC) Governor Pan Gongsheng stated that the central bank will take action if the overnight interbank lending rate remains persistently deviated from its operational targets. This statement co...

FXStreet

Gold consolidates above $4,300 as traders look to Fed rate decision for fresh impetus

Gold (XAU/USD) remains above the $4,300 level during the Asian session on Wednesday, consolidating gains amid cautious market sentiment. The metal's resilience is supported by a weaker US Dollar (USD), driven by optimism...

ActionForex

GBP/USD Braces for Breakout as Fed and UK CPI Draw Near

The GBP/USD pair is approaching a potential breakout as it tests the 1.3460 resistance level on the 4-hour chart, forming a contracting triangle pattern. Technical analysis suggests the British Pound found support near k...

ActionForex

Brent Crude Oil Wave Analysis – 16 June 2026

Brent crude oil has broken the key support level at 80.00, signaling a potential decline toward 75.00. This breakdown follows a Fibonacci 61.8% correction and confirms the resumption of a bearish trend after a previous r...

FXStreet

New Zealand Dollar sticks to positive bias as Iran peace deal undermines USD ahead of FOMC

The NZD/USD pair has shown a positive bias for two consecutive days, driven by weakening USD sentiment amid speculation about an Iran peace deal. Despite this, the pair remains below the 0.5800 level during Asian trading...

ActionForex

Elliott Wave Forecast: Gold (XAUUSD) Impulsive Structure Supports Bullish Continuation

Gold (XAUUSD) has completed a key cycle from its April 17 peak, with technical analysis indicating a corrective rally in three-wave structure. The decline from that peak ended at $4025, marking the completion of wave ((W...

ActionForex

Japan Exports Beat Expectations as AI Demand Offsets War-Related Disruptions

Japan's exports surged 17.0% year-over-year (yoy) in May 2024, outpacing forecasts of 16.2% and marking the ninth consecutive month of growth. This acceleration from 14.8% in April was driven by strong global demand for...

FXStreet

WTI hovers near $76.00 amid rising global supply odds

West Texas Intermediate (WTI) crude oil prices remain near $75.80 per barrel in Asian trading hours, following a nearly 5% decline in the previous session. The price consolidation reflects mixed market sentiment as trade...

FXStreet

PBOC sets USD/CNY reference rate at 6.8096 vs. 6.8108 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8096 for the upcoming trading session on Wednesday, slightly lower than the previous day’s rate of 6.8108 and below the 6.7659 Reuters estimate. This ad...

FXStreet

Australian Dollar holds positive ground above 0.7050 as RBA delivers hawkish hold on rates

The Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% in its latest decision, but signaled a hawkish stance by emphasizing the need to monitor inflation risks. The AUD/USD pair rose to 0.7070 following th...

Investing.com

Oil prices hold near 3-mth lows as Iran deal boosts supply outlook

Oil prices remained near three-month lows as a potential Iran nuclear deal raised concerns over increased supply. The market anticipates a 1 million barrel-per-day production increase from Iran, which could offset OPEC+...

Investing.com

Dollar on the defensive ahead of first Fed decision under Warsh

The US dollar weakened against the euro and yen ahead of the Federal Reserve's first policy decision under new Chair Ben Warsh. The EUR/USD pair rose above 1.33, while USD/JPY fell below 109, reflecting market anticipati...

Finance Magnates

"Some of Them Won't Be Around in Six Months," City Traders Imperium CEO Says of Cheaper Rivals

City Traders Imperium (CTI), a prop trading firm based in Dubai, is nearing the launch of a novel funding model designed to eliminate conflicts of interest inherent in the prop trading industry. CEO Martin Najat revealed...

FXStreet

Euro holds steady above 1.1600 ahead of Fed rate decision

The EUR/USD pair remains stable near 1.1610 during the Asian session as traders await the US Federal Reserve's (Fed) interest rate decision later in the day. Market participants are also anticipating the release of US Ma...

FXStreet

Gold holds gains above $4,300 on hopes of US–Iran peace deal, eyes on Fed rate decision

Gold prices (XAU/USD) remain steady near $4,335 during the early Asian session on Wednesday, rebounding from recent lows after the U.S. and Iran reached a framework agreement to end their conflict. The 14% year-to-date d...

ActionForex

Eco Data 6/17/26

The article 'Eco Data 6/17/26' from ActionForex highlights key economic releases scheduled for June 17, 2026. While specific data points are not detailed, the post likely covers major indicators such as GDP, employment f...

CoinDesk

Here is why Strategy's dividend-paying crypto stock is crashing to near-historic lows

Strategy's dividend-paying crypto stock has plummeted to near-historic lows amid growing concerns over regulatory scrutiny and declining investor confidence in the sector. The stock, which had previously attracted attent...

FXStreet

British Pound Sterling coils before inflation and a Fed reckoning

The GBP/USD pair remained range-bound on Tuesday, closing nearly flat within a consolidation pattern that has persisted for months. Despite significant economic events on the horizon, including inflation data and a Feder...