Market news

US: Inflation remains far too high for the Fed's liking – Wells Fargo

Silver Price Forecast: XAG/USD marches firmly towards $22.00 post-hot US inflation, weak consumer sentiment

USD/JPY: Intervention risk increases – MUFG

Canada: Employment data adds pressure on the BoC – CIBC

USD/MXN jumps to three weeks highs above 19.90 on risk aversion

WTI falls back under $120, set to end week lower as China lockdown worries return and risk appetite sours

US: UoM Consumer Sentiment Index slumps to 50.2 in June vs 58.0 expected

United States Michigan Consumer Sentiment Index below expectations (58) in June: Actual (50.2)

USD/JPY holds above 134.00, eyes this week’s multi-decade peaks near 134.50 post-hot US CPI

GBP/USD plummets to fresh three-week low, below 1.2400 amid US CPI-inspired USD strength

EUR/USD Price Analysis: Scope for extra decline near term

NZD/USD set to retest of the YTD low at 0.6230/13 – Credit Suisse

USD/CAD to see further gains back to the 1.2775/1.2875 range – Scotiabank

NZD/USD hits fresh multi-week lows under 0.6400 post-hot US CPI data, having earlier rejected the 21DMA

Indonesia: Consumer Confidence ticked higher in May – UOB

EUR/USD accelerates losses to new monthly lows near 1.0520

Gold Price Analysis: XAU/USD bounces to $1840 area from initial post-hot US CPI data lows in $1820s

USD/CAD spikes to fresh two-week high post-US CPI, bulls ignore upbeat Canadian jobs data

AUD/USD drops to fresh two-week low, back below 0.7100 on hotter-than-expected US CPI

United States Consumer Price Index ex Food & Energy (YoY) came in at 6%, above forecasts (5.9%) in May

United States Consumer Price Index (MoM) above expectations (0.7%) in May: Actual (1%)

Canada Unemployment Rate below forecasts (5.2%) in May: Actual (5.1%)

United States Consumer Price Index (YoY) above expectations (8.3%) in May: Actual (8.6%)

Canada Net Change in Employment came in at 39.8K, above forecasts (30K) in May

United States Consumer Price Index Core s.a increased to 292.29 in May from previous 290.45

Canada Participation Rate in line with forecasts (65.3%) in May

Canada Capacity Utilization below forecasts (82.3%) in 1Q: Actual (82%)

Canada: Economy adds 39.8K jobs in May versus 30K expected gain

United States Consumer Price Index ex Food & Energy (MoM) registered at 0.6% above expectations (0.5%) in May

United States Consumer Price Index n.s.a (MoM) above forecasts (291.661) in May: Actual (292.296)

Breaking: US annual CPI inflation rises to 8.6% in May versus 8.3% expected

US Dollar Index Price Analysis: Next on the upside comes 104.21

Gold Price Forecast: XAUUSD surge towards $2,000 on a break above $1,900 – ANZ

China: Solid outlook for the trade balance – UOB

USD/CHF jumps to fresh multi-week high, closer to mid-0.9800s ahead of US CPI

India Industrial Output increased to 7.1% in April from previous 1.9%

Brazil Retail Sales (MoM) registered at 0.9% above expectations (0.4%) in April

India Manufacturing Output rose from previous 0.9% to 6.3% in April

GBP/USD hits multi-week lows near 1.2420 pre-US CPI as UK growth fears linger

EUR/JPY Price Analysis: Interim top looks likely just above 144.00

ECB's Kazaks: Inflation is unacceptably high and a gradual approach to monetary tightening doesn't mean slow

When is the Canadian monthly jobs report and how could it affect USD/CAD?

When is the US consumer inflation (CPI report) and how could it affect EUR/USD?

India FX Reserves, USD dipped from previous $601.36B to $601.06B in June 3

Malaysia: Jobless rate dropped to 2-year low in April – UOB

Mexico Industrial Output (MoM) came in at 0.6%, above forecasts (0.1%) in April

Mexico Industrial Output (YoY) above expectations (1.8%) in April: Actual (2.7%)

Central bank of Russia cuts policy rate by 150 bps to 9.5%

Russia Interest rate decision below expectations (10%): Actual (9.5%)

Gold Price Forecast: XAUUSD vulnerable amid firmer USD, key levels to watch – Confluence Detector

EUR/USD: Bears remain in control below 1.0600 ahead of US CPI

USD/CAD climbs further beyond 1.2700, two-week high ahead of US CPI/Canadian jobs data

ECB’s Muller: Hesitation risks complicating inflation battle

BOE/Ipsos Inflation next 12 months June: 4.6% vs. 4.3% previous

Thailand: BoT kept the steady hand in June – UOB

EUR/USD to slide below 1.06 on hot US inflation data

Greece Industrial Production (YoY): -4.5% (April) vs previous 7.9%

US Dollar Index clings to gains around 103.30 ahead of CPI

ECB’s Holzmann: 50 bps July rate hike would have raised expectations of bigger rate rises afterwards

Silver Price Analysis: XAG/USD struggles near one-week low, just above mid-$21.00s

Japan’s Top Currency Diplomat: Will take appropriate action if needed

United Kingdom Consumer Inflation Expectations up to 4.6% from previous 4.3%

USD/CNH: Further upside could test 6.7440 – UOB

ECB's Holzmann: September rate hike will be at least 25 basis points

Gold Price Forecast: XAUUSD to trend higher as the dollar has likely peaked – ANZ

USD/JPY remains depressed amid softer risk tone, downside seems cushioned ahead of US CPI

Italy Industrial Output s.a. (MoM) above expectations (-1.1%) in April: Actual (1.6%)

Italy Industrial Output w.d.a (YoY) above forecasts (-0.2%) in April: Actual (4.2%)

Forex Today: Euro selloff pauses for now, eyes on US inflation

GBP/USD to test the 1.2350 level next week – ING

AUD/USD recovers further from two-week low, steadily climbs to 0.7125-30 area

USD/CAD: Strong Canadian jobs report to open the door for a fall below 1.25 – ING

Gold Price Forecast: XAUUSD to suffer a sharp correction if haven buying abates – ANZ

Canadian Employment Preview: Forecast from four major banks, additional jobs gain in May

USD/CAD: Limited appreciation potential for the loonie in the medium-term – Commerzbank

Austria Industrial Production (YoY): 9.1% (April) vs 3.7%

Slovakia Industrial Output (YoY) came in at -9.6% below forecasts (-6.3%) in April

Turkey Unemployment Rate: 11.3% (April) vs previous 11.5%

Spain Consumer Price Index (MoM) in line with forecasts (0.8%) in May

Spain HICP (MoM) in line with forecasts (0.7%) in May

Spain Consumer Price Index (YoY) meets expectations (8.7%) in May

Spain HICP (YoY) in line with forecasts (8.5%) in May

USD/RUB: Magnitude of CBR rate cut unlikely to have much effect on the pair – Commerzbank

GBP/JPY tumbles towards 167.00 amid Brexit woes, sluggish yields

USD exchange rates might react to CPI surprise in an unusual manner – Commerzbank

GBP/USD Price Analysis: Bears flirt with trading range support, just below 1.2500 mark

EUR/USD: Combination of ECB statement and market reaction points towards a recovery – Commerzbank

ECB’s Nagel: Eurozone inflation won't fall by itself, “resolute” action is needed

USD/JPY: Dwindling bets for a test of 135.00 – UOB

Gold Price Forecast: XAUUSD to initiate a fresh downswing on a close below $1,842 support

FX option expiries for June 10 NY cut

EUR/PLN to drift up towards the 4.70 level by year-end – Commerzbank

Natural Gas Futures: Further upside looks unconvincing

USD/INR to hover around 78 as rupee remains under pressure – Commerzbank

Gold Price Forecast: XAUUSD could see a decisive downside break on hotter US inflation

EUR/USD Price Analysis: Retreats from 21-DMA as bears keep 1.0600 on the radar

AUD/USD risks a drop to 0.7030 – UOB

US CPI Preview: Forecasts from eight major banks, inflation peaked but faces challenges to moderate

USD/CHF slips gradually below 0.9800, investors brace for a rebound ahead of US Inflation

Crude Oil Futures: Scope for extra gains

Norway Consumer Price Index (MoM) came in at 0.2%, above forecasts (0%) in May

Norway Consumer Price Index (YoY) above expectations (5.6%) in May: Actual (5.7%)

Norway Core Inflation (YoY) above expectations (3.1%) in May: Actual (3.4%)

Norway Producer Price Index (YoY) below expectations (75.3%) in May: Actual (64.6%)

Denmark Consumer Price Index (YoY) up to 7.4% in May from previous 6.7%

Denmark Inflation (HICP) (YoY) climbed from previous 7.4% to 8.2% in May

ECB’s Villeroy: “Neutral rate” is somewhere between 1% and 2%

GBP/USD seen trading within 1.2430-1.2600 – UOB

Gold Futures: No changes to the consolidative stance

Gold Price approaches $1,842 support ahead of US inflation

EUR/JPY sees a downside to near 142.00 on souring market mood

EUR/UD now faces tough support around at 1.0540 – UOB

USD/CAD steadies around 1.2700 ahead of US Inflation and Canada’s Employment data

USD/TRY struggles to justify CBRT’s fresh ‘liralization’ move above 17.00

Asian Stock Market: Vulnerable ahead of US Inflation, China jumps on mixed inflation data

Netherlands, The Manufacturing Output (MoM) climbed from previous -0.2% to 5.3% in April

AUD/USD Price Analysis: 21-DMA probes rebound from fortnight low around 0.7100

GBP/USD retreats from 1.2500 amid Brexit, UK employment woes, US inflation eyed

The worst of US consumer price inflation has already passed – Citibank

USD/INR Price Analysis: Greenback bulls set to print fresh all-time-highs

USD/IDR Price News: Rupiah jumps back above $14,500 despite downbeat Indonesia Retail Sales

EUR/USD sees a dead cat bounce above 1.0600, warrants downside ahead of US Inflation

Gold Price Forecast: XAU/USD gauges cushion around $1850 as DXY displays exhaustion, US Inflation eyed

Recession likely in H1 2023, Dow seen below 30,000 – CNBC CFO survey

USD/JPY Price Analysis: Sellers attack 134.00 amid impending triple top bearish pattern

Coronavirus Update: Shanghai to lockdown eight city districts amid fresh covid flareups

Commodities. Daily history for Thursday, June 9, 2022

USD/CNH retreats from weekly high as sellers attack 6.7000 on mixed China inflation

AUD/JPY Price Analysis: Stays on the way to two-month-old support despite bouncing off 95.00

NZD/USD bulls make a move to correct from 3-week lows

NZ FinMin Robertson: RBNZ will continue as an inflation-fighting bank

White House Official: Headline US inflation will be elevated amid higher gas prices

AUD/USD ignores unimpressive China inflation data around 0.7100, US CPI eyed

Breaking: China CPI 2.1%, AUD/USD steady below 0.7100

China Consumer Price Index (MoM) above forecasts (-0.3%) in May: Actual (-0.2%)

China Consumer Price Index (YoY) below expectations (2.2%) in May: Actual (2.1%)

China Producer Price Index (YoY) meets forecasts (6.4%) in May

USD/CNY fix: 6.6994 vs. the last close of 6.6920

S&P 500 Futures lick its wounds, US Treasury yields cling to monthly high ahead of US inflation

GBP/JPY Price Analysis: Double Top bolsters a bearish reversal, 164.00 eyed

Australia HIA New Home Sales (MoM) fell from previous -1.2% to -5.5% in May

Japan's Finance Minister Suzuki: Government will respond appropriately to the yen following the G7 agreement

No respite from Fed rate hikes this year, chances rising of four 50 bps in a row – Reuters poll

USD/CAD Price Analysis: Bulls pushing bears back towards 4-hour resistance

EUR/USD Price Analysis: Stays defensive above 1.0600

GBP/USD oscillates below 1.2500 ahead of US Inflation

Stocks. Daily history for Thursday, June 9, 2022

AUD/USD bears move in and push bulls back further to test commitments below 0.7090

Gold Price Forecast: XAU/USD awaits US inflation to break the monotony around $1,850

Currencies. Daily history for Thursday, June 9, 2022

NZD/USD Price Analysis: Pullback looks likely towards 0.6430, downside remains favored

USD/JPY dribbles around 20-year high near 134.50 amid firmer yields, US inflation in focus

Japan Producer Price Index (MoM) registered at 0%, below expectations (0.5%) in May

Japan Producer Price Index (YoY) came in at 9.1% below forecasts (9.8%) in May

WTI steadies around $119.00 despite renewed lockdown fears in China

US inflation expectations stabilize around 2.75% ahead of US CPI

Silver Price Analysis: XAG/USD bears approach $21.55 support during three-day fall

US Dollar Index (DXY): Advances sharply and reclaims 103.000 post ECB’s decision, ahead of US inflation data

NZD/USD remains depressed below 0.6400 after downbeat NZ data ahead of US/China inflation

South Korea Current Account Balance below forecasts (5.98B) in April: Actual (-0.08B)

USD/CHF Price Analysis: Bulls keep reins despite inaction around three-week-high near 0.9800

New Zealand Electronic Card Retail Sales (YoY) fell from previous 2.1% to 0.7% in May

New Zealand Electronic Card Retail Sales (MoM) down to 1.9% in May from previous 7%

New Zealand Manufacturing Sales fell from previous 8.2% to -3.5% in 1Q

EUR/JPY establishes below 143.00 as ECB keeps interest rates unchanged, dictates hawkish guidance

EUR/USD clings above 1.0600 after plunging 100 pips on ECB’s decision

USD/CAD flirts with fortnight top around 1.2700, US/China inflation, Canada employment eyed

Gold Price Forecast: XAU/USD faces barricades around $1,850 ahead of stable US Inflation forecasts

GBP/USD Price Analysis: Bears seeking a break of critical support

AUD/JPY Price Analysis: To fall below 95.00 before re-testing YTD highs around 97.00

US Treasury Secretary Janet Yellen: Does not think the US is going to have a recession

AUD/USD tests the bull's commitments around 0.71 the figure, correction on the cards

Forex Today: The financial world is in risk aversion mode

NZD/USD slides to fresh three-week lows below 0.6400 as investors wait for US inflation data

EUR/USD Price Analysis: Bears march the bulls back to the edge of the abyss

Argentina Industrial Output n.s.a (YoY) up to 4.7% in April from previous 3.6%

USD/JPY Price Analysis: Retraces from two-decade highs towards 134.00s

Gold Price Forecast: XAU/USD catching a safe haven bid as ECB lifts 2022 inflation forecast 'significantly'

GBP/USD dwindles near the 1.2500 figure after US economic data

United States 30-Year Bond Auction rose from previous 2.997% to 3.185%

ECB: Market participants unlikely to contemplate multiple 50 bps rate hikes – Wells Fargo

EUR/CHF tumbles from above 1.0500 to 1.0370 after the ECB meeting

United States 4-Week Bill Auction climbed from previous 0.86% to 1.04%

EUR/USD heading towards parity in 12 months – Danske Bank