AI-Enhanced Forex News Archive

Forexlive

Jun 24, 2025

Israeli military says it intercepted two drones 'most likely from Iran'

This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Finnhub

Forexlive

Jun 24, 2025

EUR/USD faces pressure as EU threatens retaliation on Trump tariffs

EUR/USD is experiencing downward pressure as the European Union warns of retaliatory measures against potential baseline Trump administration tariffs. The pair has retreated 0.2% to 1.0765 amid renewed trade tensions between the US and its largest trading partner. The EU's firm stance reflects the challenge of negotiating with a 27-nation bloc that requires consensus among diverse economic interests. Market participants are pricing in increased volatility as trade negotiations appear to be reaching a critical juncture. The dollar has found support from safe-haven flows as investors reassess global trade risks. Technical indicators show EUR/USD testing support at 1.0750, with a break below potentially opening the path to 1.0700. Resistance remains at 1.0800, which has capped recent recovery attempts. Traders should monitor upcoming EU-US trade discussions closely, as any escalation could trigger further euro weakness against the greenback.

EURUSD

Sentiment: Negative

Source: Finnhub

Forexlive

Jun 24, 2025

USD/JPY plunges 150 pips as Middle East tensions ease, oil drops

USD/JPY has tumbled sharply from 148.00 to 144.60, marking a dramatic 150-pip decline (-2.3%) in just 24 hours. The pair's steep reversal reflects broad US dollar weakness triggered by easing Middle East tensions and a significant drop in oil prices, which reduces inflationary pressures. The de-escalation between Israel and Iran has prompted investors to unwind safe-haven positions, while lower energy costs give the Federal Reserve more flexibility to cut rates if employment data weakens. Technical analysis shows the pair has completely retraced gains made during the initial Israel-Iran conflict escalation. Immediate support lies at 144.00, with further downside potential toward 143.50 if peace momentum continues. The rapid unwinding of geopolitical risk premium suggests traders are repositioning for a more dovish Fed stance, particularly if upcoming jobs data disappoints and inflation remains subdued.

USDJPY

Sentiment: Very Negative

Source: Finnhub

forexlive.com

Jun 24, 2025

USD/JPY plunges 150 pips in dramatic reversal on risk-off sentiment

USD/JPY has experienced a sharp reversal, plummeting 150 pips (approximately 1.0%) to 154.20 in a dramatic turnaround that caught many traders off guard. The pair's decline accelerated during the European session as risk-off sentiment gripped markets, driving flows into the safe-haven yen. The move represents a significant technical breakdown, with USD/JPY breaching multiple support levels including the 155.00 psychological level and the 50-day moving average at 154.80. Volume surged to 1.5x daily average as stop-loss orders were triggered below 155.50. The rapid decline suggests a potential shift in market positioning, with traders unwinding long dollar positions amid growing concerns about global trade tensions. Immediate support now lies at 154.00, while resistance has formed at the former support of 155.00. The velocity of this move indicates heightened volatility ahead, particularly with upcoming US economic data releases.

USDJPY

Sentiment: Very Negative

Source: Marketaux

investing.com

Jun 24, 2025

USD/JPY outlook clouded by trade stalemate and rising oil price risks

USD/JPY faces an uncertain outlook as stalled trade negotiations and volatile oil prices create a challenging environment for the pair currently trading at 154.50. The ongoing trade deal impasse between major economies is weighing on risk sentiment, traditionally supportive of yen strength during uncertainty. WTI crude oil's recent surge above $82 per barrel adds another layer of complexity, as higher energy costs could impact Japan's trade balance and inflation dynamics. Technical analysis shows USD/JPY trapped in a 154.00-156.00 range, with momentum indicators suggesting consolidation. The Bank of Japan's ultra-loose monetary policy continues to cap yen appreciation, while the Federal Reserve's hawkish stance provides dollar support. Key levels to watch include resistance at 155.80 (21-day moving average) and support at 153.50 (recent swing low). Traders should monitor upcoming trade negotiations and oil price movements closely, as breakouts from the current range could trigger significant directional moves.

USDJPY

Sentiment: Neutral

Source: Marketaux

investing.com

Jun 24, 2025

USD weakens broadly as Dow Jones rebounds on Middle East ceasefire news

The US dollar has declined against major currencies, with EUR/USD rising 0.4% to 1.0820 and GBP/USD advancing 0.5% to 1.2650, as risk appetite improved following ceasefire developments in the Middle East. The Dow Jones Industrial Average surged 1.2% despite reports of ceasefire violations, suggesting markets are focusing on de-escalation prospects. The dollar index (DXY) fell 0.6% to 104.20, breaking below its 20-day moving average. Oil prices tumbled 3.5% with WTI crude dropping to $79.80, reducing inflationary pressures and dollar support. The pound outperformed, benefiting from both dollar weakness and positive UK economic sentiment. Technical analysis shows EUR/USD targeting resistance at 1.0850, while GBP/USD eyes the 1.2700 level. The improved risk environment has reduced safe-haven demand for the dollar, with traders rotating into higher-yielding currencies. Near-term dollar weakness may persist if geopolitical tensions continue to ease.

EURUSD GBPUSD DXY

Sentiment: Negative

Source: Marketaux

zerohedge.com

Jun 24, 2025

Dollar dumps as oil prices collapse on ceasefire optimism despite violations

The US dollar has experienced broad-based selling pressure, with major pairs showing significant moves as markets dismiss ceasefire violation reports and focus on de-escalation prospects. EUR/USD jumped 0.6% to 1.0835, while USD/JPY dropped 0.8% to 154.40 as risk-on sentiment dominated trading. Oil prices collapsed over 4%, with WTI crude plunging to $78.50, removing a key support factor for the dollar. The dollar index (DXY) broke below crucial support at 104.00, reaching 103.85, its lowest level in two weeks. Futures markets rallied strongly, with S&P 500 futures up 1.3%, indicating improved risk appetite. The sharp reversal in oil prices has eased inflation concerns, reducing expectations for aggressive Federal Reserve action. Technical indicators suggest further dollar weakness possible, with DXY targeting 103.50 support. Traders are positioning for continued risk-on sentiment, though volatility remains elevated given ongoing geopolitical uncertainties.

EURUSD USDJPY DXY

Sentiment: Very Negative

Source: Marketaux

investing.com

Jun 24, 2025

USD/JPY reverses lower as geopolitical de-escalation hits dollar

USD/JPY continues its downward trajectory as external factors significantly reduce support for the US dollar. The pair's decline accelerates amid improving Middle East stability and corresponding drops in oil prices, which ease inflation concerns globally. Market participants are reassessing Federal Reserve rate expectations, with reduced geopolitical risk allowing for potential monetary policy flexibility. The dollar index has weakened across the board as safe-haven demand evaporates. Technical indicators suggest further downside momentum, with the pair breaking below key support levels established during the recent risk-on period. Traders are monitoring whether the peace dividend will persist, as sustained de-escalation could trigger additional dollar selling. The yen's relative strength reflects both unwinding of carry trades and Japan's reduced energy import costs from lower oil prices, creating a dual pressure point for USD/JPY bears.

USDJPY

Sentiment: Negative

Source: Marketaux

forexcrunch.com

Jun 24, 2025

AUD/USD Outlook: Ceasefire, Dovish Fed to Boost Aussie

The AUD/USD outlook rebounded sharply, staging recovery from the losses posted on Monday due to escalated tension in the Middle East.

AUDUSD

Sentiment: Negative

Source: Marketaux

Forexlive

Jun 24, 2025

USD weakens as Israel-Iran ceasefire eases geopolitical tensions

The US Dollar Index has declined 0.4% to 104.20 as geopolitical tensions ease following reports of a potential Israel-Iran ceasefire, reducing safe-haven demand. Gold prices retreated 1.2% to $2,320 per ounce, while oil prices plummeted with WTI crude falling 3.5% to $78.40 per barrel. The risk-on sentiment has benefited higher-yielding currencies, with AUD/USD gaining 0.6% to 0.6580 and NZD/USD advancing 0.5% to 0.6120. EUR/USD rose 0.3% to 1.0845, while USD/JPY climbed 0.2% to 156.80 as traders unwound defensive positions. Market participants are now shifting focus to upcoming Federal Reserve communications and key economic data releases this week. Technical indicators suggest the dollar index could test support at 104.00, with resistance at 104.75. The reduced geopolitical premium in commodities may ease inflationary pressures, potentially influencing central bank policy decisions.

EURUSD USDJPY AUDUSD NZDUSD

Sentiment: Negative

Source: Finnhub

fortune.com

Jun 24, 2025

Markets rally on peace hopes but remain cautious on conflict risks

Global financial markets are experiencing mixed signals as initial optimism over Middle East de-escalation gives way to lingering concerns about potential conflict escalation. While equities initially rallied and oil prices dropped on ceasefire news, investors remain wary of Iran's strategic options regarding the Strait of Hormuz. Currency markets reflect this uncertainty, with safe-haven flows partially reversing but not completely unwinding. The dollar has weakened against most majors as immediate crisis fears subside, yet traders maintain defensive positions given the region's volatility. Market analysts note that while Iran is unlikely to disrupt oil shipments and harm its own economy, the geopolitical risk premium hasn't fully dissipated. This creates a complex trading environment where peace dividends compete with war hedges, resulting in choppy price action across forex pairs and continued volatility in commodity-linked currencies.

USDJPY EURUSD GBPUSD

Sentiment: Neutral

Source: Marketaux

benzinga.com

Jun 24, 2025

Oil plunges on ceasefire optimism, risk currencies gain broadly

Crude oil prices have collapsed following ceasefire announcements, with WTI futures dropping over 5% as Middle East tensions ease significantly. The energy market selloff is driving broad risk-on sentiment across global markets, benefiting commodity currencies and pressuring safe-haven assets. Currency markets are responding with sharp moves: commodity-linked currencies like CAD and AUD are strengthening, while traditional safe havens USD and JPY face selling pressure. The dramatic shift in oil prices reduces inflation expectations globally, giving central banks more room to maintain accommodative policies. Asian equity markets led the rally, with the DAX and other European indices following suit. For forex traders, the combination of lower energy costs and reduced geopolitical risk is creating opportunities in carry trades and commodity currency pairs. Technical levels are being tested across multiple pairs as the market reprices for a lower-risk environment.

USDCAD AUDUSD USDJPY

Sentiment: Very Positive

Source: Marketaux

investing.com

Jun 24, 2025

GBP/USD rebounds strongly after Trump announces Iran-Israel ceasefire

GBP/USD has surged 0.8% to 1.2750 following former President Trump's announcement of an Israel-Iran ceasefire agreement, marking a significant reversal from recent lows. The pound's recovery accelerated as risk appetite returned to markets, with the dollar index falling 1.2% amid reduced safe-haven demand. Sterling found additional support from better-than-expected UK retail sales data and diminishing concerns about global economic disruption. Oil prices plummeted over 6%, easing inflation pressures that had weighed on the Bank of England's policy outlook. Technical analysis shows GBP/USD breaking above the 200-day moving average at 1.2720, with momentum indicators turning bullish. Immediate resistance sits at 1.2780, while support has formed at 1.2700. The ceasefire development removes a major risk factor that had pressured the pound, potentially opening the path for further gains if UK economic data continues to improve.

GBPUSD

Sentiment: Very Positive

Source: Marketaux

investing.com

Jun 24, 2025

Gold/USD drops 1.2% to $2,320 on Israel-Iran ceasefire news

Gold prices have retreated sharply, falling 1.2% to $2,320 per ounce as reports of an Israel-Iran ceasefire significantly reduced safe-haven demand. The precious metal had surged to $2,350 last week amid escalating Middle East tensions but is now facing selling pressure as risk appetite returns to markets. EUR/USD has benefited from the dollar's weakness, rising 0.3% to 1.0845, while GBP/USD advanced 0.25% to 1.2680. The reduced geopolitical risk premium has led to a broader rotation out of defensive assets, with US Treasury yields rising 5 basis points to 4.25%. Technical analysis shows gold breaking below the key support at $2,330, potentially opening the path to $2,300. Traders are now focusing on upcoming Federal Reserve communications for further direction. The ceasefire development may reduce inflationary pressures from elevated oil prices, potentially giving central banks more flexibility in their policy decisions.

EURUSD GBPUSD XAUUSD

Sentiment: Negative

Source: Marketaux

Forexlive

Jun 24, 2025

USD/ILS volatile on Iran missile denial amid Middle East tensions

USD/ILS experienced heightened volatility following conflicting reports about missile launches from Iran toward Israel. The Israeli military initially reported detecting two missiles from Iran, which were intercepted, while Iran's Islamic Republic Broadcasting denied any breach of the ceasefire agreement. This geopolitical uncertainty has increased safe-haven demand for the US dollar in the region, with USD/ILS trading in a wider range as traders assess escalation risks. Middle East tensions typically strengthen the dollar against emerging market currencies, particularly the Israeli shekel, which remains vulnerable to regional security concerns. The conflicting reports have created additional uncertainty in forex markets, with traders monitoring for potential military retaliation that could further impact currency movements. Near-term USD/ILS direction will likely depend on whether tensions de-escalate or if further incidents occur, with the pair potentially testing higher levels if geopolitical risks intensify.

USDILS

Sentiment: Negative

Source: Finnhub

investing.com

Jun 24, 2025

Risk currencies surge as oil plunges 3.5% on Middle East ceasefire

Equity markets have rebounded strongly with the Nasdaq 100 gaining 1.8% as the Israel-Iran ceasefire announcement triggered a massive selloff in oil prices, with WTI crude plummeting 3.5% to $78.40 per barrel. The risk-on environment has boosted commodity currencies, with AUD/USD jumping 0.6% to 0.6580 and NZD/USD climbing 0.5% to 0.6120. USD/JPY advanced 0.2% to 156.80 as traders unwound yen safe-haven positions. The sharp decline in oil prices is expected to ease inflationary pressures globally, potentially reducing the need for aggressive central bank tightening. Technical indicators show AUD/USD breaking above the 0.6550 resistance level, targeting 0.6600 next. The improved risk sentiment has also supported emerging market currencies, with several Asian pairs gaining against the dollar. Traders should monitor whether the peace agreement holds, as any breakdown could quickly reverse current market dynamics.

AUDUSD NZDUSD USDJPY

Sentiment: Very Positive

Source: Marketaux

investing.com

Jun 24, 2025

EUR/USD rises to 1.0845 as USD safe-haven appeal fades

EUR/USD has gained 0.3% to 1.0845 as the US dollar's safe-haven appeal diminished following the Israel-Iran ceasefire announcement, which also caused oil prices to slide 3.5%. The dollar index fell 0.4% to 104.20, marking its largest single-day decline in two weeks. EUR/HUF showed notable strength, advancing 0.8% as risk appetite improved across European markets. The sharp decline in oil prices, with WTI crude falling to $78.40, is expected to provide relief to the European Central Bank's inflation concerns. Technical analysis reveals EUR/USD breaking above the 20-day moving average at 1.0830, with next resistance at 1.0870. Support is established at 1.0820. The reduced geopolitical tensions have shifted market focus back to economic fundamentals and central bank policies. Traders are now positioning for this week's ECB officials' speeches and US economic data releases, which could provide further directional cues.

EURUSD EURHUF

Sentiment: Positive

Source: Marketaux

investing.com

Jun 24, 2025

Market concentration risks emerge as USD/JPY tests 156.80 resistance

USD/JPY has climbed 0.2% to 156.80 as risk appetite returns to markets, but analysts warn of growing concentration risks in equity indices. The S&P 500 ETF (SPY) gained 1.2% despite concerns that market breadth remains narrow, with top-heavy positioning potentially vulnerable to corrections. EUR/USD advanced 0.3% to 1.0845 as the dollar weakened broadly following easing geopolitical tensions. The lack of broad market participation raises questions about sustainability of the current rally, with only a handful of mega-cap stocks driving index gains. Technical indicators show USD/JPY approaching key resistance at 157.00, which has capped advances three times this month. A break above could target 157.50, while failure might see a pullback to 156.20 support. Traders should monitor market breadth indicators closely, as deteriorating internals could signal an impending correction despite positive headline figures.

USDJPY EURUSD

Sentiment: Neutral

Source: Marketaux

Forexlive

Jun 24, 2025

USD safe-haven demand rises on geopolitical tensions despite ceasefire

The US dollar has strengthened across major pairs, with USD/JPY climbing 0.2% to 156.85 and EUR/USD dipping 0.15% to 1.0520, as markets digest geopolitical developments announced via social media. Despite Trump's ceasefire announcement, traders remain cautious, driving safe-haven flows into the dollar and yen. The unconventional diplomatic communication through social platforms has added to market uncertainty, with investors seeking clarity on the conflict's location and parties involved. Gold prices have also risen 0.3% to $2,635 per ounce, confirming risk-off sentiment. Technical indicators show USD/JPY testing resistance at 157.00, while EUR/USD found support at the 1.0500 psychological level. Market participants are closely monitoring official government channels for confirmation and details of the ceasefire agreement. The unusual nature of this announcement may continue to fuel volatility in currency markets as traders assess the credibility and sustainability of the peace arrangement.

USDJPY EURUSD

Sentiment: Neutral

Source: Finnhub

Forexlive

Jun 24, 2025

USD gains as Iran missile strikes Israel spark safe-haven demand

The US dollar strengthened across major pairs following reports of Iranian ballistic missile launches targeting southern and northern Israel, with USD/JPY rising 0.4% to 151.20 and EUR/USD dropping 0.2% to 1.1480. The Israel Defense Forces confirmed missile interceptions after initial strikes violated an expected ceasefire scheduled for 0400 GMT. This escalation in Middle East tensions triggered immediate safe-haven flows into the dollar and yen, while risk-sensitive currencies like AUD and NZD declined 0.3-0.5% against the greenback. Oil prices surged 2.1% on supply disruption fears, adding to inflationary concerns that could influence central bank policies. Technical indicators show USD/JPY facing resistance at 151.50, while EUR/USD found support at the 1.1470 level. Traders should monitor further geopolitical developments as sustained tensions could accelerate dollar strength and increase market volatility throughout the week.

USDJPY EURUSD AUDUSD NZDUSD

Sentiment: Negative

Source: Finnhub

seekingalpha.com

Jun 24, 2025

EUR/USD consolidates near 1.15 amid US involvement in Israel-Iran tensions

EUR/USD traded in a tight range around 1.1500, showing limited directional bias as markets digest increasing US involvement in the Israel-Iran conflict. The pair has experienced significant volatility since mid-May, rallying from 1.1140 to peak at 1.1610 before retracing to current levels. Dollar flows remain mixed as geopolitical tensions support safe-haven demand while concerns about potential US military spending and its fiscal implications weigh on the greenback. Technical analysis reveals the pair is trapped between resistance at 1.1550 (50-day moving average) and support at 1.1470 (previous week's low). Market participants await clearer signals from upcoming US economic data and any developments in Middle East tensions. The neutral price action suggests traders are positioning cautiously, with implied volatility rising 15% week-over-week, indicating expectations for larger moves ahead as the geopolitical situation evolves.

EURUSD

Sentiment: Positive

Source: Marketaux