AI-Enhanced Forex News Archive

Forexlive

Jun 5, 2025

US Treasury says no other country manipulates their own currency

Treasury says semi-annual currency report found no major U.S.

Source: Finnhub

Forexlive

Jun 5, 2025

ICYMI: There is a draft, high - level proposal on a new trade deal between Canada and the US

The smoke around a new Canada-US trade deal continues to rise.This was out earlier today but in case you missed it, the Toronto Sun reporter who initially reported a potential deal at the start of the week now has more details, citing 'multiple sources'.

USD CAD

Sentiment: Negative

Source: Finnhub

Forexlive

Jun 5, 2025

USD/JPY pressured as Japan seeks full US tariff exemption amid elections

USD/JPY faces downward pressure as Japan's chief trade negotiator Akazawa reaffirmed the nation's push for complete exemption from US tariffs, maintaining a firm negotiating stance. The hawkish public position comes as Prime Minister Shigeru Ishiba's minority government faces potential snap elections, with the House of Councillors election required by July 22. This political uncertainty and trade friction could strengthen the yen as investors seek safe-haven assets. The tariff dispute adds another layer of complexity to USD/JPY dynamics, potentially limiting the pair's upside as Japan demonstrates unwillingness to compromise on trade terms. Technical traders should monitor the 150.00 psychological level for support, while resistance may emerge near 152.50. The combination of political instability in Japan and ongoing trade negotiations suggests increased volatility for the pair in coming sessions.

USDJPY

Sentiment: Negative

Source: Finnhub

investing.com

Jun 5, 2025

EUR/USD Rallies Despite 25 Bps Cut from the ECB

Market Analysis by covering: Euro US Dollar. Read 's Market Analysis on Investing.com

EURUSD

Sentiment: Neutral

Source: Marketaux

investing.com

Jun 5, 2025

USD/CHF – Continues in a 5th Wave

Market Analysis by covering: US Dollar Swiss Franc, US Dollar Index RT. Read 's Market Analysis on Investing.com

USDCHF

Sentiment: Neutral

Source: Marketaux

rttnews.com

Jun 5, 2025

Global markets mixed ahead of ECB rate cut; tariff uncertainty weighs

Major forex pairs showed mixed performance as traders positioned ahead of the European Central Bank's anticipated 25 basis point rate cut, while ongoing tariff uncertainty clouded the outlook. The euro remained relatively stable near 1.0850 against the dollar, with markets fully pricing in the ECB's dovish move. Risk sentiment stayed cautious as investors assessed the global trade environment's impact on currency flows. The uncertain tariff landscape particularly affected commodity currencies and emerging market pairs, creating choppy trading conditions. Asian sessions saw limited movement in USD/JPY around 151.50, while GBP/USD consolidated near 1.2650. The ECB decision could trigger euro volatility, with EUR/USD likely to test 1.0800 support if the central bank signals further easing ahead. Traders should prepare for increased volatility post-ECB, particularly in euro crosses.

EURUSD USDJPY GBPUSD

Sentiment: Neutral

Source: Marketaux

forexlive.com

Jun 5, 2025

EUR/USD steady at 1.0850 as ECB delivers expected 25bp rate cut

EUR/USD remained stable around 1.0850 following the European Central Bank's widely anticipated 25 basis point rate cut in its June monetary policy decision. The ECB lowered its key interest rates as expected, with markets having fully priced in the move. The euro showed resilience despite the dovish action, suggesting traders had already positioned for this outcome. Focus now shifts to ECB President Lagarde's press conference for guidance on future policy trajectory and economic assessments. The pair found support at the 1.0830 level, with immediate resistance at 1.0870. Any hawkish surprises in forward guidance could propel EUR/USD toward 1.0900, while a more dovish outlook might pressure the pair below 1.0820. Traders should monitor Lagarde's comments on inflation trends and growth forecasts for directional cues.

EURUSD

Sentiment: Neutral

Source: Marketaux

forexlive.com

Jun 5, 2025

EUR/USD flat near 1.0850; Silver surges ahead of ECB decision

EUR/USD traded in a tight range around 1.0850 during the European morning session, with major currency pairs showing minimal movement ahead of the ECB's rate decision. The session's standout performer was silver, which posted significant gains, reflecting increased demand for precious metals amid monetary policy uncertainty. Forex markets remained subdued with EUR/USD, GBP/USD, and USD/JPY all trading within 0.1% of their opening levels. The lack of directional conviction suggests traders are reluctant to take substantial positions before the ECB announcement. Technical indicators point to consolidation, with EUR/USD trapped between 1.0830 support and 1.0870 resistance. The silver rally could indicate underlying concerns about currency debasement, potentially supporting precious metal-correlated currencies like AUD and CAD. Post-ECB volatility expected to break current ranges.

EURUSD GBPUSD USDJPY

Sentiment: Very Positive

Source: Marketaux

Forexlive

Jun 5, 2025

USD/CNY at critical juncture as US-China tensions escalate

USD/CNY remains under pressure near 7.2500 as China's Vice President Han Zheng warns that bilateral relations have reached a 'critical juncture' following Track II dialogue meetings. The yuan has strengthened 0.2% against the dollar amid escalating trade concerns and diplomatic tensions between the world's two largest economies. Han emphasized the importance of mutual respect and peaceful coexistence, signaling Beijing's desire to avoid further deterioration in relations. Markets are closely monitoring developments as any breakdown in US-China cooperation could trigger risk-off sentiment, potentially strengthening the dollar as a safe haven while pressuring emerging market currencies. Technical indicators show USD/CNY testing support at 7.2450, with resistance at 7.2650. Traders should prepare for increased volatility as geopolitical headlines drive sentiment, with any positive breakthrough potentially weakening the dollar against the yuan.

USDCNY

Sentiment: Negative

Source: Finnhub

investing.com

Jun 5, 2025

EUR/USD consolidates at 1.0850 awaiting ECB; GBP/USD and USD/JPY quiet

EUR/USD maintained a narrow trading range around 1.0850 as markets awaited the European Central Bank's rate decision, with minimal volatility across major pairs. GBP/USD held steady near 1.2650, while USD/JPY consolidated around 151.50, and USD/CHF traded quietly at 0.9050. The subdued price action reflects traders' caution ahead of the ECB announcement, with a 25 basis point cut already priced in. Market participants are more focused on forward guidance and any hints about the pace of future easing. Technical analysis shows EUR/USD respecting the 1.0830-1.0870 range, with a breakout likely post-ECB. The lack of momentum in GBP/USD and USD/JPY suggests broader market uncertainty. Traders should prepare for potential volatility spikes once the ECB delivers its decision and guidance.

EURUSD GBPUSD USDJPY USDCHF

Sentiment: Positive

Source: Marketaux

benzinga.com

Jun 5, 2025

Gold nears all-time high as mixed markets drive safe-haven demand

Gold (XAU/USD) is approaching record highs near $2,450/oz, gaining 0.4% as mixed global equity markets and persistent trade tensions boost safe-haven demand. US markets closed mixed with the S&P 500 flat while weak economic data fueled recession concerns. Asian markets showed divergence with Japanese equities declining 0.3% while Chinese indices gained 0.5%. European markets posted modest gains of 0.2-0.4% in early trading. The dollar index (DXY) weakened 0.15% to 104.20, providing additional support for gold prices. Technical analysis shows immediate resistance at $2,448 (previous all-time high), with support established at $2,425. A breakout above resistance could trigger momentum buying toward $2,475, while any risk-on rotation might pressure prices back to $2,400. Traders are positioning for continued volatility ahead of key US economic releases.

XAUUSD

Sentiment: Positive

Source: Marketaux

forexcrunch.com

Jun 5, 2025

USD/CAD Forecast: Loonie Jumps after BoC Pause

The USD/CAD forecast shows a cautious Bank of Canada that has boosted the Canadian dollar, while downbeat US data weighed on the USD.

USDCAD

Sentiment: Negative

Source: Marketaux

investing.com

Jun 5, 2025

USD/JPY recovery stalls at 155.80 resistance after weak US data

USD/JPY struggled to maintain recovery momentum, capping gains at 155.80 after disappointing US economic indicators undermined dollar strength. The pair retreated 0.3% from session highs to trade at 155.45 as weak manufacturing and service sector data raised concerns about US economic resilience. The ISM Services PMI dropped to 51.4 from 53.8, while ADP employment data showed only 152K jobs added versus 175K expected. Technical analysis reveals critical resistance at 155.80-156.00, which must be broken for any sustainable recovery. Support levels are identified at 155.20 (50-day MA) and 154.80 (recent low). The Bank of Japan's dovish stance continues to limit yen strength, but further US data disappointments could pressure USD/JPY toward the 154.50 support zone. Traders await Friday's NFP report for clearer directional cues.

USDJPY

Sentiment: Neutral

Source: Marketaux

Forexlive

Jun 5, 2025

Crude Oil holds $60-64 range despite Saudi production increase push

WTI Crude Oil remains range-bound between $60.00 support and $64.00 resistance, showing resilience despite Saudi Arabia's push for faster production increases. The market appears to have already priced in the supply-side dynamics, with traders now focusing on demand prospects. Oil demand is expected to improve in coming months as global economic activity strengthens, though renewed trade tensions pose the primary risk to this outlook. The 4-hour chart confirms the month-long consolidation pattern, with neither bulls nor bears able to establish dominance. This stability in oil prices could support commodity currencies like CAD and NOK while potentially limiting upside for safe-haven currencies. Traders should monitor the $60-64 range boundaries for potential breakout opportunities, with a move above $64 likely targeting $67, while a break below $60 could accelerate selling toward $57.

USDCAD USDNOK

Sentiment: Neutral

Source: Finnhub

investing.com

Jun 5, 2025

Gold rallies as weak US data boosts Fed rate cut expectations

Gold prices surged following disappointing US economic data that reinforced expectations for Federal Reserve rate cuts in 2025. The weaker-than-expected US employment and manufacturing indicators have pressured the US Dollar Index lower, providing support for the precious metal. Market participants are now pricing in a higher probability of Fed easing, with gold benefiting from the declining real yield environment. The inverse correlation between gold and the dollar remains strong, with XAUUSD finding immediate support at previous resistance levels. EUR/USD and USD/JPY movements reflect the broader dollar weakness, with the euro gaining ground while the yen strengthens on safe-haven flows. Technical indicators suggest gold could extend gains toward $2,050 if the dollar weakness persists, while support sits at $1,980. The upcoming US jobless claims data will be crucial in confirming this dovish Fed narrative.

EURUSD USDJPY XAUUSD

Sentiment: Positive

Source: Marketaux

investing.com

Jun 5, 2025

EUR/USD gains limited as dovish ECB expectations mount ahead of meeting

EUR/USD faces resistance near 1.0900 despite dollar weakness, as markets anticipate a dovish European Central Bank stance at the upcoming policy meeting. While the pair has benefited from broad USD selling pressure, gains remain capped by expectations that the ECB will maintain its accommodative policy stance amid persistent economic headwinds in the Eurozone. USD/JPY continues its downward trajectory as risk sentiment wavers, while EUR/PLN and EUR/CZK movements suggest regional currency strength against the euro. Market positioning indicates traders are cautious about pushing EUR/USD higher without clear ECB guidance. Technical analysis shows resistance at 1.0920 (50-day MA) and support at 1.0850 (previous week's low). The ECB meeting could prove pivotal for euro direction, with any hawkish surprises potentially triggering a break above 1.0950, while dovish rhetoric could see the pair retreat toward 1.0800.

EURUSD USDJPY EURPLN EURCZK

Sentiment: Neutral

Source: Marketaux

investing.com

Jun 5, 2025

USD weakens as ISM prices surge while jobs data disappoints

The US Dollar Index fell 0.4% as conflicting economic data created uncertainty about the Fed's policy path. ISM Services Prices Paid component jumped to 64.0, signaling persistent inflationary pressures, while employment indicators disappointed with ADP private payrolls missing expectations at 150K vs 180K forecast. This divergence has left markets uncertain, with USD/JPY dropping to 155.20 as the yen benefits from safe-haven flows. S&P 500 futures edged higher, suggesting risk appetite remains despite the mixed data. Traders are now focused on upcoming jobless claims data for clarity on labor market conditions. The conflicting signals - rising price pressures but weakening employment - complicate the Fed's decision-making process. Technical levels show USD Index support at 104.50, with resistance at 105.20. A weak jobless claims print could accelerate dollar selling toward 104.00.

USDJPY DXY

Sentiment: Negative

Source: Marketaux

investing.com

Jun 5, 2025

GBP/USD faces volatility ahead of ECB decision and US CPI/NFP data

GBP/USD trades cautiously near 1.2750 as markets brace for a high-impact data week featuring the ECB policy decision, US CPI, and Non-Farm Payrolls. Sterling has shown resilience despite mixed UK economic indicators, supported by expectations that the Bank of England will maintain higher rates for longer than other major central banks. The pair's near-term direction hinges on multiple catalysts, with ECB policy potentially affecting EUR/GBP cross flows and impacting cable indirectly. UK 2-year gilt yields remain elevated at 4.35%, providing yield support for sterling. Technical analysis reveals resistance at 1.2800 (psychological level) and support at 1.2700 (200-hour MA). US CPI data will be crucial, with any downside surprise likely pushing GBP/USD toward 1.2850, while hot inflation could see the pair test 1.2650 support levels.

GBPUSD EURUSD EURGBP

Sentiment: Neutral

Source: Marketaux

investing.com

Jun 5, 2025

NZD/USD builds bullish momentum ahead of key US data releases

NZD/USD has gained 0.4% to 0.6180, displaying strong bullish signals as traders position ahead of crucial US economic data. The kiwi dollar benefits from improving risk sentiment and commodity price strength, with dairy futures up 1.2% supporting New Zealand's export outlook. Technical indicators show bullish momentum building, with RSI at 58 and MACD crossing above signal line. The pair broke above 0.6150 resistance, now acting as support, with next targets at 0.6200 and 0.6225. Gold's approach to all-time highs and silver's 1.5% gain reflect broader dollar weakness and commodity strength. The upcoming US data gauntlet includes ISM PMIs, ADP employment, and Friday's NFP report, which could accelerate NZD/USD gains if results disappoint. Traders should watch for a sustained break above 0.6200 to confirm bullish continuation toward 0.6250.

NZDUSD

Sentiment: Very Positive

Source: Marketaux

investing.com

Jun 5, 2025

USD/CAD faces downside pressure as BoC holds rates steady

USD/CAD declined 0.5% to 1.3620 after the Bank of Canada maintained interest rates at 4.75%, signaling confidence in the Canadian economy despite global uncertainties. The decision, coupled with rising trade tensions over potential US aluminum and steel tariffs, has strengthened the loonie against the greenback. Oil prices gained 1.2% to $78.50/barrel, providing additional support for the commodity-linked CAD. Technical analysis shows USD/CAD breaking below 1.3650 support, opening the path toward 1.3580 and potentially 1.3550. Resistance now sits at 1.3650-1.3670. The BoC's steady stance contrasts with market expectations for potential Fed rate cuts, creating a favorable rate differential for CAD. Trade policy risks remain a wildcard, as any escalation in US-Canada trade disputes could reverse current CAD strength. Near-term direction depends on Friday's Canadian employment data.

USDCAD

Sentiment: Negative

Source: Marketaux

investing.com

Jun 5, 2025

US Dollar Trends Lower While USD/CAD Gets Dragged on Weak Data

Market Analysis by covering: Australian Dollar US Dollar, US Dollar Canadian Dollar, New Zealand Dollar US Dollar, S&P 500. Read 's Market Analysis on Investing.com

USDCAD

Sentiment: Very Negative

Source: Marketaux

Forexlive

Jun 5, 2025

USD/Major pairs stable as dollar consolidates after recent volatility

The US dollar is trading flat against major currencies in early Asian sessions, with DXY holding near 104.50 as markets digest this week's choppy price action. EUR/USD remains range-bound around 1.0850, while GBP/USD hovers near 1.2650, reflecting minimal overnight movements of less than 0.1% across major pairs. The dollar's recent back-and-forth pattern continues after Tuesday's decline, suggesting traders are awaiting fresh catalysts ahead of European market open. Technical indicators point to consolidation, with the DXY trapped between 104.30 support and 104.70 resistance. Market participants are positioning cautiously ahead of Thursday's ECB meeting and Friday's US employment data, which could provide directional clarity. The lack of significant economic releases during Asian hours has contributed to the subdued volatility, with implied volatility measures for major pairs declining to multi-week lows.

EURUSD GBPUSD USDJPY USDCHF AUDUSD USDCAD NZDUSD

Sentiment: Neutral

Source: Finnhub

Forexlive

Jun 5, 2025

USD/CNH rises as China Services PMI shows mixed growth signals

USD/CNH gained 0.15% to 7.2485 following China's Caixin Services PMI release for May, which came in at 51.1, marginally above the expected 51.0 and improving from April's 50.7. While the headline figure indicates continued expansion in the services sector, underlying data revealed concerning trends with new export business contracting for the first time since December. The mixed nature of the report has weakened yuan sentiment as foreign demand pressures emerge. Input costs accelerated to a seven-month high due to rising purchasing prices and labor costs, potentially signaling future inflationary pressures. Employment showed slight improvement, breaking a two-month contraction streak. Technical resistance for USD/CNH sits at 7.2550, with support at 7.2400. Traders should monitor upcoming Chinese trade data and any PBOC policy responses to gauge further yuan direction.

USDCNH

Sentiment: Neutral

Source: Finnhub