AI-Enhanced Forex News Archive

Forexlive

Jun 9, 2025

US major indices close with modest changes

A snapshot of the closing levels shows:Nasdaq rose 61.28 points or 0.31% at 19591.24S&P rose 5.52 points or 0.09% at 6005.88Dow fell -1.11 points or -0.00% at 42761.76Shares of Apple fell -$2.47 or -1.21% at $201.45 after an uninspiring WWDC 2025 event that was short on AI progress. Tesla shares spiked into the close after Trump had positive comments on Musk's Starlink despite the online spat last week.

Source: Finnhub

forexlive.com

Jun 9, 2025

ECB policy dilemma: Strong euro threatens export competitiveness

EUR/USD trading near 1.0950 faces uncertainty as Credit Agricole questions ECB's tolerance for euro strength. The euro has gained 2.1% against the dollar over the past month, raising concerns about European export competitiveness. While a stronger euro helps combat imported inflation, it poses challenges for the region's manufacturing sector already struggling with weak demand. ECB officials remain divided, with hawks supporting currency strength to maintain price stability, while doves worry about growth implications. The central bank's June meeting minutes revealed growing unease about rapid euro appreciation above 1.10. Technical indicators show EUR/USD approaching overbought territory with RSI at 68, suggesting potential consolidation ahead. Traders are closely monitoring ECB communications for any verbal intervention signals, particularly if EUR/USD breaches the psychologically important 1.10 level.

EURUSD

Sentiment: Neutral

Source: Marketaux

forexlive.com

Jun 9, 2025

AUD/USD tests 0.6850 resistance, eyes seven-month peak on commodity rally

AUD/USD advanced 0.4% to probe 0.6845, challenging seven-month highs as commodity prices surge and risk sentiment improves. The Australian dollar benefits from iron ore prices jumping 3.2% overnight, while copper futures hit two-month highs amid Chinese stimulus expectations. RBA's hawkish stance, maintaining rates at 4.35% with inflation concerns, provides additional support. Technical analysis shows AUD/USD testing crucial resistance at 0.6850, which has capped gains since November 2024. A decisive break above this level could trigger momentum buying toward 0.6900. The 50-day moving average at 0.6780 offers immediate support. Traders await Wednesday's Australian GDP data, expected at 0.3% q/q, which could determine whether the pair sustains its breakout attempt. USD weakness from disappointing ISM data further enhances the Aussie's upside potential.

AUDUSD

Sentiment: Very Positive

Source: Marketaux

Forexlive

Jun 9, 2025

USD/CAD falls as Canada boosts defense spending amid US trade deal hopes

USD/CAD has declined 0.4% to 1.4350 as Canada officially announced a significant increase in defense spending to 2% of GDP, meeting NATO targets five years ahead of schedule. Prime Minister Mark Carney detailed investments in submarines, aircraft, ships, armed vehicles, and radar systems, with spending set to continue rising in coming years. This announcement follows last week's signals suggesting Canada and the US are nearing a comprehensive trade agreement, which could further strengthen the Canadian dollar. The defense spending commitment appears strategically timed to facilitate smoother trade negotiations with the US administration. Technical indicators show USD/CAD breaking below the 1.4400 support level, with next support at 1.4300. A successful trade deal announcement could drive the pair toward 1.4200, while any delays might see a rebound to 1.4450 resistance.

USDCAD

Sentiment: Negative

Source: Finnhub

investing.com

Jun 9, 2025

USD/JPY extends rally to 157.20 on diverging central bank policies

USD/JPY continued its upward trajectory, gaining 0.5% to reach 157.20, marking a three-week high amid widening interest rate differentials. The Bank of Japan's ultra-dovish stance contrasts sharply with the Federal Reserve's higher-for-longer narrative, supporting the pair's bullish momentum. Japanese officials expressed concern about rapid yen depreciation but stopped short of intervention threats. Technical indicators remain strongly bullish, with the pair breaking above the 157.00 resistance and the 21-day moving average at 156.50. Next resistance lies at 158.00, coinciding with the April high. Market participants monitor Japanese wage growth data, showing only 1.2% annual increase, reinforcing BOJ's cautious approach. The widening US-Japan yield spread, with 10-year differential at 380 basis points, continues driving capital flows favoring USD/JPY upside.

USDJPY

Sentiment: Very Positive

Source: Marketaux

investing.com

Jun 9, 2025

EUR/USD faces 1.0820 support as oil surge weighs on European outlook

EUR/USD declined 0.3% to 1.0835 as surging oil prices threaten European economic recovery while strengthening the dollar. WTI crude jumped 2.8% to $78.50/barrel on Middle East supply concerns and OPEC+ production discipline. Higher energy costs pose significant headwinds for the energy-importing Eurozone, potentially forcing the ECB to maintain restrictive policy longer. Technical analysis shows EUR/USD testing critical support at 1.0820, where the 200-day moving average converges with horizontal support. A break below could accelerate declines toward 1.0780. Meanwhile, the Dollar Index gained 0.4% to 104.20, benefiting from safe-haven flows and energy sector strength. Traders await Thursday's ECB meeting minutes for clues on policymakers' assessment of inflation risks from elevated commodity prices. The oil-euro negative correlation remains a key driver for near-term direction.

EURUSD

Sentiment: Negative

Source: Marketaux

investing.com

Jun 9, 2025

S&P 500 futures flat as markets await US-China trade negotiations

S&P 500 futures remain unchanged at 5,450 points as investors adopt a cautious stance ahead of crucial US-China trade talks scheduled for this week. Market participants are particularly focused on potential tariff adjustments and trade balance discussions that could significantly impact global risk sentiment and currency flows. The muted equity futures suggest traders are unwilling to take substantial positions before clarity emerges on trade relations between the world's two largest economies. Currency markets reflect this uncertainty, with USD/CNH trading in a tight 7.2500-7.2700 range. EUR/USD holds steady near 1.0850, while GBP/USD consolidates around 1.2650. Risk-sensitive currencies like AUD/USD and NZD/USD show limited movement. Any breakthrough in negotiations could trigger significant volatility across forex pairs, particularly those with exposure to Asian trade flows.

EURUSD GBPUSD AUDUSD NZDUSD USDCNH

Sentiment: Positive

Source: Marketaux

forexcrunch.com

Jun 9, 2025

USD/JPY drops 0.5% as yen strengthens on Bank of Japan policy expectations

USD/JPY has fallen 0.5% to 154.20 as the Japanese yen gains strength amid renewed focus on diverging monetary policies between the Federal Reserve and Bank of Japan. Market participants are increasingly pricing in the possibility of further BOJ policy normalization, with speculation mounting about potential yield curve control adjustments in upcoming meetings. The yen's appreciation accelerated during Asian trading hours, breaking through the key 154.50 support level. Technical momentum indicators suggest further downside potential, with immediate support at 153.80 and resistance now at 154.70. The shift in policy expectations comes as Japanese inflation data continues to exceed BOJ targets, while recent Fed communications suggest a prolonged pause in rate adjustments. Traders are positioning for continued yen strength, particularly if the BOJ signals more hawkish intentions at its next policy meeting.

USDJPY

Sentiment: Very Negative

Source: Marketaux

forexlive.com

Jun 9, 2025

Dollar softens broadly as markets position for US-China trade discussions

The US dollar index has weakened 0.3% to 104.50 during European trading hours as investors reduce long positions ahead of high-stakes US-China trade negotiations. EUR/USD advanced to 1.0865, while GBP/USD climbed to 1.2680, benefiting from the broad-based dollar weakness. Market sentiment remains cautious, with traders unwilling to commit to significant directional bets before understanding the potential outcomes of trade talks. The dollar's retreat also reflects profit-taking after recent gains driven by robust US economic data. Asian currencies showed mixed performance, with USD/JPY declining while USD/CNH remained stable. Technical analysis shows the dollar index approaching key support at 104.30, which if broken could accelerate the downward move. The outcome of US-China negotiations will likely determine whether this dollar weakness extends or reverses in coming sessions.

EURUSD GBPUSD USDJPY USDCNH

Sentiment: Negative

Source: Marketaux

forexcrunch.com

Jun 9, 2025

USD/CAD steadies near 1.4400 after mixed employment data from both countries

USD/CAD is consolidating around 1.4400 as traders digest contrasting employment figures from Canada and the United States. Canadian employment data showed a modest gain of 15,000 jobs last month, below expectations of 25,000, while the unemployment rate held steady at 6.5%. US non-farm payrolls data revealed stronger-than-expected job growth, but wage growth remained subdued, creating mixed signals for Federal Reserve policy. The pair found support at 1.4380 after testing lower levels earlier in the session. Market focus now shifts to Wednesday's US CPI release, which could provide clearer direction for the dollar. Technical indicators suggest a neutral bias, with resistance at 1.4450 and support at 1.4350. Oil prices at $78 per barrel continue to provide underlying support for the Canadian dollar, limiting USD/CAD upside potential.

USDCAD

Sentiment: Neutral

Source: Marketaux

investing.com

Jun 9, 2025

XAU/USD drops below $2,650 as strong US payrolls boost dollar strength

Gold prices retreated sharply to $2,645 per ounce, falling 1.2% after the US Non-Farm Payrolls data exceeded expectations in May. The US economy added 272,000 jobs, significantly above the forecast of 185,000, while the unemployment rate held steady at 3.9%. This robust employment report reinforced expectations that the Federal Reserve might maintain higher interest rates for longer, supporting dollar strength. The US Dollar Index surged 0.8% to 105.40, creating headwinds for non-yielding gold. Technical indicators show XAU/USD broke below the key support at $2,650, with the next support level at $2,625. Resistance now stands at $2,670, coinciding with the 50-day moving average. Traders are closely monitoring upcoming CPI data and Fed commentary for further directional cues on monetary policy trajectory.

XAUUSD EURUSD USDJPY

Sentiment: Negative

Source: Marketaux

investing.com

Jun 9, 2025

USD outlook depends on CPI data, trade negotiations & Treasury auctions

The US Dollar's near-term trajectory faces multiple catalysts this week, with markets closely watching Wednesday's CPI inflation report, ongoing international trade discussions, and scheduled Treasury bond auctions. EUR/USD remains range-bound between 1.0780-1.0820, awaiting clearer direction from US economic data. GBP/USD hovers near 1.2650, showing resilience despite mixed UK economic signals. Emerging market pairs including EUR/PLN and EUR/CZK are experiencing increased volatility as investors reassess risk appetite amid global trade uncertainties. The upcoming $40 billion Treasury auction could impact dollar liquidity and yields, potentially influencing forex markets. Technical analysis suggests the Dollar Index needs to break above 106.00 to confirm bullish momentum, while support at 104.50 remains critical. Traders should prepare for heightened volatility around the CPI release, expected to show core inflation at 3.4% year-over-year.

EURUSD GBPUSD EURPLN EURCZK

Sentiment: Neutral

Source: Marketaux

forexlive.com

Jun 9, 2025

EUR/USD holds steady as markets await US-China trade talks outcome

EUR/USD trades flat at 1.0825, showing minimal movement as European equities open with cautious sentiment ahead of crucial US-China trade negotiations in London. Major European indices opened 0.1-0.2% lower, reflecting investor uncertainty despite President Trump's optimistic comments that "the meeting should go very well." Market participants are positioning for potential announcements on reciprocal tariff reductions, which could significantly impact risk sentiment and dollar strength. The absence of economic data releases today places full focus on trade headlines, with any positive developments likely to weaken the safe-haven dollar and boost risk-sensitive currencies. Technical indicators show EUR/USD consolidating within a tight 1.0820-1.0830 range, with traders awaiting a catalyst to break this equilibrium. A successful trade outcome could push the pair toward 1.0850 resistance, while disappointing results may trigger a retreat to 1.0800 support.

EURUSD

Sentiment: Neutral

Source: Marketaux

investing.com

Jun 9, 2025

USD/CAD shows mixed signals at 1.3750 despite broad dollar strength

USD/CAD exhibits unusual price action around 1.3750, displaying conflicting technical signals despite general US dollar strength across major pairs. While the Dollar Index gained 0.6% to 105.20, USD/CAD's movement remains choppy, suggesting Canadian dollar resilience possibly linked to elevated oil prices above $78 per barrel. Key technical levels show immediate resistance at 1.3780 (61.8% Fibonacci retracement), with support holding at 1.3720. The pair's inability to break decisively above 1.3800 despite dollar strength indicates potential accumulation by institutional traders. USD/JPY continues its uptrend above 156.50, confirming broad dollar momentum. S&P 500 futures point to risk-on sentiment, which traditionally supports commodity currencies like CAD. Traders should monitor the 1.3800 psychological level for a potential breakout, while a drop below 1.3700 could signal further CAD strength.

USDCAD USDJPY

Sentiment: Neutral

Source: Marketaux

Forexlive

Jun 9, 2025

USD pairs await direction from London US-China trade negotiations

Major USD pairs remain range-bound in early Monday trading as markets focus entirely on US-China trade talks scheduled in London, with no economic data on today's calendar. President Trump's Friday comments expressing optimism about the meeting have raised expectations for potential tariff reductions or other goodwill gestures to advance negotiations. This has created a risk-on bias in early Asian and European sessions, though traders remain cautious given the high-stakes nature of the discussions. The dollar index hovers near 104.50, with any positive trade developments likely to trigger USD weakness as safe-haven demand diminishes. Conversely, disappointing outcomes could spark risk-off flows benefiting the greenback. Key USD pairs like EUR/USD, GBP/USD, and USD/JPY are trading in tight ranges, with volatility expected to spike on any trade-related headlines throughout the London session.

EURUSD GBPUSD USDJPY

Sentiment: Neutral

Source: Finnhub

Forexlive

Jun 9, 2025

USD/JPY dips as Japan economy watchers index improves to 44.4

USD/JPY has retreated 0.2% to 155.80 following Japan's May economy watchers survey index rising to 44.4 from 42.6 previously. The improvement was driven by stronger household sentiment and increased retail activity, though business conditions softened due to easing manufacturing sector pressures. Employment prospects also showed notable improvement, suggesting potential resilience in Japan's domestic economy. The data reinforces expectations that the Bank of Japan may maintain its current policy stance, providing underlying support for the yen. Technical indicators show USD/JPY facing immediate resistance at 156.20, with support established at 155.50. The pair's reaction to this data suggests traders are positioning for potential yen strength, especially if upcoming US economic releases disappoint. Further downside momentum could target the 155.00 psychological level.

USDJPY

Sentiment: Negative

Source: Finnhub

forexlive.com

Jun 9, 2025

USD/CNH weakens 0.4% as China deflation persists despite trade hopes

USD/CNH declined 0.4% to 7.2850 during Asian trading as China's persistent deflation concerns weighed on the yuan, even as markets anticipate potential positive outcomes from US-China trade talks in London. Latest data confirms China remains trapped in deflationary pressures, with consumer prices continuing to contract, raising concerns about domestic demand weakness. This economic backdrop complicates Beijing's negotiating position in trade discussions, potentially limiting their flexibility on tariff concessions. The yuan's weakness reflects dual pressures from domestic economic challenges and uncertainty over trade negotiations. Technical analysis shows USD/CNH approaching key support at 7.2800, with a break below potentially accelerating yuan gains if trade talks yield positive results. However, continued deflation data could limit any sustained yuan appreciation, keeping the pair elevated above 7.2500 in the near term.

USDCNH

Sentiment: Negative

Source: Marketaux

Forexlive

Jun 9, 2025

USD/CNH falls as China stocks surge on US-China trade optimism

USD/CNH has weakened 0.5% to 7.2850 as the Hong Kong Hang Seng Index surged 1.4% to its highest level since March, driven by renewed optimism surrounding US-China trade negotiations. Risk appetite improved significantly after President Trump expressed confidence about upcoming talks, stating "The meeting should go very well." Deputy trade negotiators are scheduled to meet in London starting Monday, with discussions potentially extending throughout the week. The positive sentiment initially boosted US equities on Friday, with Asian markets now following suit. Technical indicators show USD/CNH approaching key support at 7.2750, with a break below potentially accelerating yuan strength toward 7.2500. The improved trade outlook has reduced safe-haven demand for the dollar while supporting risk-sensitive Asian currencies. Traders should monitor the London meetings closely, as concrete progress could further pressure USD/CNH lower.

USDCNH

Sentiment: Very Positive

Source: Finnhub

gurufocus.com

Jun 9, 2025

USD faces broad selling pressure on Goldman Sachs slowdown forecast

The US dollar index has declined 0.4% to 104.20 as Goldman Sachs strategists project continued USD weakness amid mounting evidence of economic deceleration. The investment bank's analysis highlights that recent non-farm payroll data confirms a broader economic slowdown trend, likely to persist and weigh on dollar strength. This bearish outlook has triggered selling across major USD pairs, with EUR/USD rising to 1.0780 and GBP/USD advancing to 1.2650. The forecast suggests potential Federal Reserve policy adjustments may be necessary to address slowing growth, further undermining dollar support. Technical analysis shows the DXY approaching critical support at 104.00, with a break below potentially accelerating losses toward 103.50. Traders are increasingly positioning for sustained dollar weakness, particularly against safe-haven currencies and those backed by more resilient economic fundamentals.

EURUSD GBPUSD DXY

Sentiment: Very Negative

Source: Marketaux