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AI-Enhanced Forex News Archive

Professional trading insights from Tuesday, June 10, 2025

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News Statistics for Tuesday, June 10, 2025

15
Total Articles
7
Bullish
5
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3
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Archive date: Tuesday, June 10, 2025

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Forexlive

USD weakens as US 3-year Treasury auction shows soft demand

The US dollar index (DXY) fell 0.15% following a lackluster $58 billion 3-year Treasury note auction that yielded 3.972%, above the when-issued level of 3.968%. The 0.4 basis point tail indicates weaker-than-expected demand from investors, contrasting with the 6-month average performance. This soft auction result suggests reduced appetite for US government debt, potentially signaling concerns about fiscal sustainability or expectations of higher future yields. The disappointing auction adds to recent dollar weakness as markets reassess Federal Reserve rate expectations for 2025. Technical indicators show the DXY testing support at 104.50, with immediate resistance at 105.20. Treasury yield movements typically correlate strongly with dollar strength, and today's auction results may pressure USD pairs in the near term. Traders should monitor upcoming Treasury auctions and Fed communications for further directional cues on dollar positioning.
DXY EURUSD GBPUSD USDJPY
Sentiment: Negative
Source: Finnhub
Forexlive

EUR/USD rises as Goldman Sachs upgrades forecasts on US equity weakness

EUR/USD gained momentum following Goldman Sachs' upward revision of their currency pair forecasts, with the euro strengthening against the dollar. The investment bank cites US equities falling 8% year-to-date for EUR-based investors, making European stocks relatively more attractive despite appearing flat in USD terms. The shift reflects diminishing foreign appetite for US assets amid confirmed slowdown in American economic activity. This reallocation of capital from US to European markets is creating upward pressure on EUR/USD as institutional investors adjust portfolios. Technical indicators suggest further euro strength as the pair breaks above key resistance levels. The changing investment landscape indicates sustained pressure on the dollar as global fund flows favor European assets. Traders should monitor upcoming US economic releases for confirmation of the slowdown trend, which could accelerate EUR/USD gains toward 1.1000 psychological resistance.
EURUSD
Sentiment: Very Positive
Source: Finnhub
forexlive.com

USD/CAD drops below 1.3700 on potential Canada-US trade deal prospects

USD/CAD declined below the 1.3700 support level as markets price in the possibility of a new trade agreement between Canada and the United States this week. The Canadian dollar strengthened against its US counterpart amid optimism that bilateral trade negotiations could yield positive results, reducing uncertainty for cross-border commerce. The move represents a significant break of technical support, with the pair now testing levels not seen in recent sessions. Trade deal prospects are bolstering CAD sentiment as investors anticipate reduced tariff risks and improved economic cooperation between the neighboring countries. The 1.3700 level now acts as resistance, with further downside potential toward 1.3650 if trade talks progress favorably. Traders should closely monitor official announcements regarding trade negotiations, as any concrete agreement could trigger additional Canadian dollar strength. Market positioning suggests continued USD/CAD weakness barring any negative surprises in negotiations.
USDCAD
Sentiment: Negative
Source: Marketaux
benzinga.com

Dollar strengthens as mixed global markets reflect economic uncertainty

The US dollar gained ground against major currencies as global markets displayed mixed performance amid economic uncertainty. US markets closed with modest gains in S&P 500 and Nasdaq while the Dow remained flat, weighed down by losses in McDonald's and Travelers. Economic data revealed increases in wholesale inventories alongside declining inflation expectations, supporting dollar strength. Asian markets posted mostly positive sessions while European indices traded lower, creating divergent regional trends that favored safe-haven dollar demand. The US Dollar Index pushed higher as investors sought stability amid conflicting global economic signals. Currency markets are reacting to the combination of resilient US data and international market volatility. Near-term dollar strength appears likely as traders await clearer direction from upcoming economic releases and central bank communications across major economies.
DXY
Sentiment: Positive
Source: Marketaux
Forexlive

Oil Rally Lifts USD/CAD Lower as Global Growth Outlook Improves

Crude oil prices continue their upward trajectory, with WTI advancing 1.2% to $73.45 per barrel, as markets digest improving global growth prospects and dismiss recent supply-side concerns. The rally has weighed on USD/CAD, pushing the pair down 0.4% to 1.3580 as the commodity-linked Canadian dollar strengthens. Markets are increasingly optimistic about demand recovery, supported by the ongoing global easing cycle, anticipated Trump administration tax cuts, and diminishing trade war concerns. The shift from supply-focused to demand-driven pricing suggests sustained oil strength ahead. Technical indicators show WTI breaking above the $73 resistance level, targeting $75.00 next. For USD/CAD, immediate support lies at 1.3550, with a break below potentially accelerating losses toward 1.3500. Traders should monitor upcoming Chinese economic data and OPEC+ production decisions for further directional cues.
USDCAD
Sentiment: Very Positive
Source: Finnhub
investing.com

USD/JPY tests support as BoJ rate decision looms, volatility expected

USD/JPY hovers near critical support levels as traders position ahead of the Bank of Japan's upcoming rate decision, with expectations mounting for potential policy hold that could spark significant volatility. The pair remains under pressure as market participants weigh the implications of Japan's monetary policy stance against ongoing US dollar dynamics. Technical analysis indicates the pair is testing major support zones that have held throughout recent trading sessions. A BoJ decision to maintain current rates could trigger sharp yen movements as traders reassess carry trade positions. The setup suggests heightened volatility potential, with key support levels acting as crucial decision points for directional moves. Traders should prepare for increased market activity around the BoJ announcement, with potential for rapid price swings in either direction. Risk management becomes critical as USD/JPY approaches this significant monetary policy event.
USDJPY
Sentiment: Neutral
Source: Marketaux
investing.com

XAU/USD Gains 0.8% to $2,045 on Easing US-China Trade Tensions

Gold prices surged 0.8% to $2,045 per ounce during Tuesday's session, finding support from improving US-China trade relations and a softer US dollar. The DXY index retreated 0.3% to 104.20 as risk appetite improved following reports of constructive dialogue between Washington and Beijing officials. Market participants are scaling back safe-haven dollar positions, benefiting gold despite rising Treasury yields. The precious metal has broken above the key $2,040 resistance level, with momentum indicators suggesting further upside potential. EUR/USD and GBP/USD also benefited from dollar weakness, advancing 0.4% and 0.5% respectively. Technical analysis shows gold targeting the $2,060 level, with support now established at $2,035. The improving geopolitical backdrop could continue supporting risk assets while maintaining gold's appeal as an inflation hedge amid ongoing global monetary easing.
XAUUSD EURUSD GBPUSD
Sentiment: Positive
Source: Marketaux
investing.com

Carry Trade Revival: AUD/USD Up 0.6% as Risk Appetite Returns

Currency markets witnessed a notable return to carry trade strategies, with high-yielding currencies outperforming in quiet trading conditions. AUD/USD advanced 0.6% to 0.6580, while NZD/USD gained 0.5% to 0.6120, as investors sought yield differentials amid stable market conditions. EUR/USD edged 0.2% higher to 1.0520, while GBP/USD climbed 0.3% to 1.2650. The Japanese yen underperformed, with USD/JPY consolidating near 156.50 despite defending key support levels. Low volatility and improved risk sentiment have encouraged traders to re-establish carry positions, particularly favoring commodity currencies against funding currencies. Technical indicators suggest AUD/USD faces resistance at 0.6600, with momentum building for a potential break higher. Market participants await Wednesday's Australian employment data and Thursday's ECB meeting minutes for fresh directional catalysts.
AUDUSD NZDUSD EURUSD GBPUSD USDJPY
Sentiment: Positive
Source: Marketaux
investing.com

USD/JPY Consolidates at 156.50 as Buyers Defend Support Levels

USD/JPY remains range-bound around 156.50, showing limited directional momentum as buyers continue defending key support zones. The pair has traded in a tight 40-pip range during the Asian session, with support at 156.20 proving resilient against selling pressure. Technical indicators suggest a neutral bias, with the 50-day moving average at 156.35 providing immediate support, while resistance caps gains at 156.80. Market participants remain cautious ahead of Friday's Bank of Japan policy meeting, where officials may signal concerns about yen weakness. The lack of clear direction reflects broader market indecision, with traders balancing US yield advantages against potential Japanese intervention risks. A decisive break below 156.20 could trigger stops toward 155.50, while clearing 156.80 resistance would target the 157.50 recent highs. Volatility remains subdued at 6.5%, suggesting consolidation may persist.
USDJPY
Sentiment: Positive
Source: Marketaux
forexlive.com

USD weakens as S&P 500 futures lose early gains before Europe open

US dollar strength has paused as S&P 500 futures reversed from positive territory to flat ahead of the European market open, signaling reduced risk appetite. The shift in sentiment follows an initial advance in early Asian trading that quickly evaporated, suggesting uncertainty among investors. This reversal in equity futures typically correlates with dollar movements, as risk-off sentiment often supports the greenback as a safe haven. Without specific economic catalysts mentioned, the price action appears driven by technical factors and positioning adjustments ahead of the European session. Traders are likely exercising caution given the lack of major data releases, leading to choppy price action across major USD pairs. The flattening of futures after the initial dip indicates market indecision, which could result in range-bound trading for dollar pairs until clearer directional signals emerge from either European economic data or renewed momentum in US equity markets.
EURUSD GBPUSD USDJPY USDCHF AUDUSD USDCAD NZDUSD
Sentiment: Neutral
Source: Marketaux
Forexlive

USD steady as markets await US-China trade talks outcome

The US dollar index is holding steady near 104.20, showing minimal movement after yesterday's 0.2% decline that eroded Friday's post-NFP gains. Currency markets are in wait-and-see mode as high-level US-China trade discussions continue in London, with initial reports suggesting productive dialogue. The greenback remains range-bound against major pairs, with EUR/USD consolidating around 1.0820 and GBP/USD near 1.2650. Today's European economic calendar is notably light, shifting focus entirely to the trade negotiations. Market participants are particularly sensitive to any breakthrough in tariff discussions or technology transfer agreements, which could significantly impact risk sentiment and dollar positioning. Technical indicators suggest the dollar index faces resistance at 104.50 while support sits at 103.80. A positive trade outcome could weaken the dollar as risk-on sentiment returns, while breakdown in talks might trigger safe-haven flows back into the greenback.
EURUSD GBPUSD
Sentiment: Positive
Source: Finnhub
gurufocus.com

USD/JPY faces pressure as BOJ hints at policy shift by year-end

USD/JPY is trading 0.4% lower at 155.80 as the Japanese yen strengthens on growing expectations of Bank of Japan policy normalization. National Australia Bank forecasts the pair could fall below 140.00 by late 2025, representing a potential 10% decline from current levels. The yen's appreciation prospects are supported by Japan's improving inflation dynamics and wage growth, which may prompt the BOJ to exit negative interest rates sooner than previously anticipated. Meanwhile, the Federal Reserve's potential rate cuts in H2 2025 could narrow the US-Japan yield differential, further supporting yen strength. Technical analysis shows USD/JPY facing immediate resistance at 156.50, with key support at 155.00. A break below this level could accelerate the decline toward 153.50. Traders should monitor upcoming BOJ policy meetings and Japanese CPI data for confirmation of the policy shift narrative.
USDJPY
Sentiment: Negative
Source: Marketaux
forexlive.com

USD/JPY weakens as BOJ's Ueda signals limited easing capacity

USD/JPY dropped 0.3% to 156.20 following Bank of Japan Governor Ueda's comments highlighting the central bank's constrained ability to support growth through rate cuts. This hawkish tilt surprised markets expecting continued ultra-loose policy, triggering immediate yen buying across the board. Ueda's remarks suggest the BOJ is increasingly concerned about the yen's weakness and its inflationary implications, potentially setting the stage for policy normalization. The statement comes amid Japan's core CPI holding above the BOJ's 2% target for 24 consecutive months. EUR/JPY and GBP/JPY also declined 0.4% and 0.5% respectively, confirming broad yen strength. Technical levels show USD/JPY support at 155.80 (50-day MA) with resistance at 157.00. Markets are now pricing in a 65% probability of BOJ action by September, up from 40% before Ueda's comments.
USDJPY EURJPY GBPJPY
Sentiment: Very Negative
Source: Marketaux
Forexlive

AUD/USD faces pressure as Australian business conditions hit 4.5-year low

AUD/USD is experiencing downward pressure following disappointing Australian business data, with the pair trading near 0.6650 in early Asian trading. The NAB Business Conditions Index plummeted to 0 in May from +2 in April, marking a 4.5-year low and signaling deteriorating economic conditions. While business confidence improved slightly to +2 from -1, the sharp decline in business conditions raises concerns about Australia's economic momentum. The sales index remained positive at +5, providing limited support. This weak data increases the likelihood of the Reserve Bank of Australia maintaining its current stance or potentially considering future rate cuts if conditions worsen. Technical indicators show immediate support at 0.6630, with resistance at 0.6680. Traders should monitor upcoming Australian employment data and Chinese economic indicators, as both significantly influence AUD direction. The deteriorating business environment suggests continued headwinds for the Australian dollar.
AUDUSD
Sentiment: Negative
Source: Finnhub

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