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Silver (XAG/USD) price registers gains of nearly 2% on Friday but is poised to finish the week with losses of nearly 10%, as the white metal falls below the $60.00 threshold for the first time since the rally that began at the beginning of December 2025. At the time of writing, the XAG/USD pair trades at $59.00 after hitting a low of $55.70.XAG/USD Price Forecast: Technical outlookThe white metal has enjoyed quite a reversal and, so far, has fallen nearly 22% in June. After reaching a record high of $121.66 per troy ounce in January, Silver has lost its luster…

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note USD/CNH’s recent run-up has stalled, with the pair around 6.8020 and daily bullish momentum intact but RSI turning lower from overbought. They caution CNH may still trade on the back foot near term if Dollar strength persists, yet view recent Renminbi (RMB) slippage as a correction, expecting weakness to remain measured unless the fixing signals broader depreciation.Momentum stalls near resistance”The recent run-up in USD/CNH slowed overnight, tracking moves in the USD. Pair was last at 6.8020 levels.””Bullish momentum on daily chart intact but RSI shows tentative signs of turning lower…

Gold (XAU/USD) price recovers some ground on Friday, hitting a two-day high of $4,096 as the Greenback edges lower alongside Treasury yields after investors trimmed hawkish bets on the Federal Reserve (Fed). The XAU/USD pair trades at $4,076, up 1.24%.XAU/USD rises as traders trim Fed hawkish betsThe yellow metal has failed to gain meaningful traction over the last few days, even though the US 10-year Treasury yield has fallen nearly 14 basis points since Wednesday, to 4.374%.eExpectations that prices would fall after the resolution of the US-Iran conflict and the reopening of the Strait of Hormuz sent Oil prices tumbling,…

The upcoming week will bring a fresh test for major currency pairs as investors look ahead to key United States (US) labor market data, ISM Manufacturing figures, Eurozone inflation releases, and central bank commentary from the Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), and Reserve Bank of Australia (RBA).The US Dollar Index (DXY) fell near the 101.30 level on Friday amid profit-taking ahead of the end of the quarter. Investors’ main focus will be on JOLTS Job Openings, ADP Employment Change, ISM Manufacturing Purchasing Managers Index (PMI), Initial Jobless Claims, and Friday’s Nonfarm Payrolls report. A…

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD has stalled after a six-day advance, with the pair easing to 1.2950 before closing near 1.2970. In the near term, they expect range trading between 1.2950 and 1.2980, while warning that a break below 1.2925 would signal the recent 1.2991 high may cap current Dollar strength against the Singapore Dollar.USD/SGD upside momentum cools”24-HOUR VIEW: Two days ago, USD rose more than we expected to 1.2991 and then eased. Yesterday, when USD was at 1.2975, we highlighted that USD “appears to be unwinding from overbought conditions, and any decline…

USD/JPY ended the week pressing the 162.00 handle, a whisker beneath its multi-decade high, and the more revealing detail is what it took to drag the Yen up there: a Bank of Japan (BoJ) rate hike that was billed as the turning point. The June move to 1.00% was the policy Yen bulls had demanded for two years, and the currency enjoyed it for barely a session before sliding back toward the zone that keeps Japan’s Ministry of Finance (MoF) on intervention watch.The hike the carry trade swallowed wholeThe arithmetic is what makes the move so deflating for the Yen.…

UOB’s Lee Sue Ann highlights that Australia’s unemployment rate dipped to 4.4% in May with a 40.3k employment gain, mainly in part-time jobs, and participation rising to 66.7%. However, she stresses that falling hours worked and higher underemployment signal weakening labour utilisation and a gradual loosening in labour market conditions beneath the resilient headline figures.Headline resilience versus softer utilisation”That said, the underlying details were less encouraging. Total hours worked declined by 1.1% over the month, while the underemployment rate ticked higher to 5.9%, indicating a deterioration in labour utilisation despite the rebound in headcount.””The composition of job gains, skewed toward…

India’s foreign exchange reserves increased by USD 963 million to USD 672.587 billion in the week ended June 19, according to RBI data. | Photo Credit: LEE JAE WON India’s forex reserves increased by USD 963 million to USD 672.587 billion during the week ended June 19, the RBI said on Friday.In the previous reporting week, the overall reserves had dropped by USD 9.985 billion to USD 671.625 billion.For the week ended June 19, foreign currency assets, a major component of the reserves, decreased by USD 3.072 billion to USD 541.217 billion, according to the RBI.Expressed in dollar terms, the…

According to the June 23-25 Reuters poll, 78 of 102 economists expect that the Federal Reserve (Fed) will hold interest rates steady in the current range of 3.50%-3.75% the entire year, up from 72 economists who anticipated the same in the early June poll.An improvement in a majority of economists supporting the Fed maintaining the status quo by the year-end is defying firm market expectations of at least one interest rate hike by the central bank this year.The CME FedWatch tool shows that the odds of the Fed raising interest rates at least once this year are 81.7% Fed FAQs…

The US dollar is set to enter the second half of 2026 on a strong note, supported by higher US interest rates and robust demand for US assets from investors betting on “American exceptionalism”, an idea that may put pressure on other currencies.The greenback has emerged as the best-performing currency at the half-year point, according to Reuters, strengthening by 3% compared with last year, when it declined more than 10% and recorded its steepest first-half fall since the early 1970s, due to concerns over US tariff policy.Despite expectations that a lasting ceasefire in the Iran conflict would help cool energy…