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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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EUR/GBP Technical: Short-term downtrend intact
EUR/GBP has continued to trade lower, now at 0.8520, its lowest level since Aug 2022 ahead of UK inflation data (Wed,21 Jun) & BoE monetary policy decision (Thurs, 22 Jun). Short-term downtrend for EUR/GBP remains intact since the 26 Apr high of 0.8875. Key short-term resistance to watch will be at 0.8580 to maintain bearish momentum. Last week, the EUR/GBP cross rate recorded its third consecutive weekly loss and traded below its former medium-term range support of 0.8580 (swing low areas of O
19-06-2023 06:44 GMT by Kelvin Wong
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AUD/JPY Technical: At the risk of a minor pull-back
Minor uptrend phase of AUD/JPY since its 1 June 2023 low 0f 90.26 has reached overstretched condition. The overstretched rally of AUD/JPY is characterized by a 14-month high seen in the Bollinger Bandwidth (a measurement of historical volatility). Short-term upside momentum has started to wane. Fig 1: AUD/JPY medium-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart) Fig 2: AUD/JPY minor short-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart
19-06-2023 00:57 GMT by Kelvin Wong
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Oil pares gain on refinery outages, Gold's busy week ends where it started
Kpler data shows Iran oil exports hit highest level since sanctions started China increase oil import quota 20% from a year ago Gold ETFs reduced for a 13th straight day Oil Oil is rallying as the short-term fundamental outlook appears to have turned a corner, with Europe’s diesel premium surging and as China delivers a massive crude import quota.  Europe’s widening of Gasoil cracks was triggered by refinery maintenance across Asia, while China’s imports improve and probably will become robust
16-06-2023 12:03 GMT by Edward Moya
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Another great week for stocks, Hawkish Fed speak resumes, Inflation expectations plunge
S&P 500 poised for best week since March Barkin and Waller resume hawkish Fed speak One-year inflation expectations fall to the lowest levels since March 2021 US stocks are ready for a long weekend as traders are exhausted from a week filled with high impact events that didn’t derail momentum in equities. The Fed’s hawkish hold was followed by further hawkish reminders by Barkin and Waller.  Fed's Barkin said that if the Fed backs off too soon, it risks having to hike more, while Fed's Waller,
16-06-2023 11:52 GMT by Edward Moya
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Ending the week on a positive note, more central banks next week
Markets are ending the week on a positive note but there remains enormous uncertainty around inflation and interest rates that looks set to continue throughout the summer. Expectations are changing considerably on a very regular basis, with markets now pricing in no rate cuts in the US this year but a strong chance of one more hike, which still falls short of the median two from the Fed dot plot. The central bank opted to buy itself time on Wednesday which may prove to be a good decision given t
16-06-2023 11:10 GMT by Craig Erlam
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Oil steadies, gold rebounds despite hawkish Fed
Oil steadies but further volatility may be in store Oil prices are steady at the end of the week, the rest of which has been anything but. There’s been a lot to factor in recently from OPEC+ (Saudi) output cuts to higher interest rate expectations, deteriorating economic prospects, and rate cuts in China. In all of that, the price has held in its lower 2023 range - roughly $70-$80 in Brent - but it did test the lower end of this earlier in the week.
16-06-2023 11:01 GMT by Craig Erlam
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Australian dollar surges to 4-month high
Australian dollar soars 1.29% on Thursday on Fed pause Markets price in Fed rate cuts despite Powell's hawkish signals The Australian dollar has moved lower on Friday, paring some of Thursday's massive gains. The Aussie traded as high as 0.6899 earlier today, its highest level since February 21st. Australian dollar soars after Fed pause The US dollar sagged badly against most of the major currencies on Thursday, in the aftermath of the dramatic Federal Reserve meeting.
16-06-2023 10:45 GMT by Kenneth Fisher
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EUR/USD surges after ECB rate hike
ECB raises rates by 25-basis points EUR settles down after soaring over 1% on Thursday EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike. ECB hikes and signals more rate increases coming The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001.
16-06-2023 09:08 GMT by Kenneth Fisher
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USD/JPY rises as BoJ stays the course
Bank of Japan maintains interest rate and yield curve control policy Japanese yen falls below 141 The Japanese yen is under pressure and has lost ground on Friday. In the European session, USD/JPY is trading at 141.01, up 0.53%. Bank of Japan maintains policy The Bank of Japan made no changes to its policy settings at its policy meeting.
16-06-2023 08:11 GMT by Kenneth Fisher
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Welcome to a bipolar world of monetary policies
Monetary policies and guidance of the 4 major central banks are moving in the opposite direction. US Fed and Eurozone ECB are in the hawkish camp while Japan BoJ and China PBoC are still in accommodating mode. K-shaped performance in USD against key G-20 currencies; JPY remained weak and CNH sideways, in contrast, the rest has strengthened against the USD. G-10 JPY crosses are bursting up. We have concluded three plus one monetary policy decisions outcome from four major G-20 central banks for
16-06-2023 02:22 GMT by Kelvin Wong
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EUR/USD - ECB hikes interest rates and warns at least one more is coming
Should we take them for their word? The ECB raised interest rates by another 25 basis points today and signaled there's more to come as it significantly revised up its core inflation forecasts for this year and next. Prior to the meeting, markets were pricing in a hike today but perhaps no more after, something President Lagarde sought to actively discourage. During the press conference, Lagarde stated that "barring material change, very likely that we will continue to raise rates in July".
15-06-2023 12:12 GMT by Craig Erlam
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Oil finds support, Gold crushed on global central bank tightening, Cryptos waver
China's oil demand stood at 14.6 million bpd, +17% y/y, but down from a month ago Strong dollar killing gold as more rate hikes penciled in by Fed Global crypto market barely holds onto the $1 trillion level, down 3.5% to $1.02T Oil Crude prices are trying to find support as the global growth outlook remains vulnerable to further shocks from aggressive rate hiking campaigns.  The Fed will keep the short-term outlook volatile as they are eyeing further rate hikes, while China rushes to deliver s
15-06-2023 10:30 GMT by Edward Moya
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Stocks suffering from a Fed hangover, ECB signals a July hike
ECB hikes rates by 25bps and hot inflation outlook sends euro higher Wall Street starts to doubt Fed hiking pledge Fed swap futures suggest a 62% chance of a rate hike at July 26th meeting US stocks are wavering after a data dump didn’t really give a clear signal about the economy.  Wall Street is suffering from a Fed hangover that won’t go away anytime soon as the economy will remain vulnerable as further tightening seems likely.
15-06-2023 10:02 GMT by Edward Moya
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USD/JPY Technical: Bullish breakout from 4-week range ahead of BOJ
Higher interest rates for longer periods from Fed’s latest monetary policy stance reinforced USD/JPY strength. USD/JPY staged a bullish breakout from its recent 4-week range. The next key intermediate resistances stand at 142.25 and 142.80 ahead of BoJ’s monetary policy decision tomorrow.
15-06-2023 04:38 GMT by Kelvin Wong
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