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Arizet Labs Launches The Desk After 6,000 Traders and $3B+ Traded
Arizet Labs launched The Desk, a competitive trading platform that attracted over 6,000 traders and processed more than $3 billion in notional volume within its first week, signaling strong demand for a free-to-start model.
US April Business Inventories Rise 0.5% as Expected
US business inventories rose 0.5% in April, matching expectations, offering an early clue on Q2 GDP but unlikely to move currency markets directly.
ECB's Sleijpen: 2022 inflation repeat less likely but not ruled out
ECB board member Sleijpen said a repeat of the 2022 inflation spike is less likely but cannot be excluded, with second-round effects remaining a key risk for monetary policy.
Canada New Housing Price Index Falls 0.3% in May, Slightly Less Than Prior Month
Canada's New Housing Price Index fell 0.3% in May, slightly less than the 0.4% decline in April, signaling continued softness in the housing market with modest implications for the Canadian dollar.
Newsom attacks Musk's trillion-dollar rise as critics point to his own $30M fortune
California Governor Gavin Newsom criticized Elon Musk's trillionaire status amid American struggles, but critics highlighted Newsom's own $30 million fortune.
Eurozone inflation rises to 3.2% in May, services inflation sticky at 3.5%
Eurozone headline inflation accelerated to 3.2% in May, the highest since September 2023, driven by energy prices and sticky services inflation, complicating the ECB's rate path.
EUR/USD bearish bias to persist into summer as dollar demand returns
EUR/USD faces continued bearish pressure heading into summer as analysts at ING expect the dollar to regain favor amid diverging economic fundamentals and elevated energy prices.
PBOC's Pan Gongsheng signals slower credit growth, offshore FX push
PBOC Governor Pan Gongsheng signaled a structural slowdown in credit growth and authorized six banks for offshore FX transactions, which may reduce the likelihood of aggressive monetary easing and impact commodity currencies.
China to issue CNY 300bn bonds to boost bank capital as local debt tackled
China announced a CNY 300 billion special bond issuance to recapitalize banks while committing to orderly local government debt resolution, signaling a coordinated policy approach that may support Chinese bank stocks and influence risk sentiment in Asian FX markets.
Goldman holds TTF gas forecasts, flags upside risk and delayed LNG recovery
Goldman Sachs kept its TTF natural gas price forecasts unchanged but highlighted upside risks from a potential Hormuz blockade and delayed LNG supply normalization, which could push winter prices above 100 EUR/MWh.
Japan exports beat forecasts in May at fastest pace since late 2022
Japan's exports grew at the fastest pace since late 2022 in May, beating forecasts and supporting the Bank of Japan's gradual tightening path, while the trade deficit narrowed more than expected, offering modest support for the yen.
ECB Signals September Rate Hike as Inflation Forecasts Revised Up
The ECB's first rate hike since 2023, coupled with an upward revision to inflation forecasts and a clear signal of a further increase in September, removes any dovish interpretation and points to a higher-for-longer plateau through 2027.
G7 leaders to discuss EU tariff wall against Chinese exports in France
G7 leaders meeting in France are expected to discuss coordinated tariff measures against Chinese exports, escalating global trade tensions and pressuring yuan-sensitive assets.
Yen stays weak after BoJ hike as intervention risk rises
The yen failed to rally after the BoJ rate hike, keeping bearish positioning entrenched and raising intervention risk as dollar/yen nears the 161-162 threshold.
New Zealand consumer confidence plunges to lowest since 2023
New Zealand consumer confidence dropped sharply to 80.4 in Q2 from 94.7, the lowest since 2023, adding pressure on the RBNZ as it weighs further rate hikes against a weakening economy.
Oil extends slide ahead of FOMC decision, API reports large drawdown
Oil prices fell another $4 on Tuesday ahead of the FOMC decision, with API data showing a large drawdown in inventories, while cross-asset reaction remained muted.
Fed Preview: Warsh Faces Early Test as Market Braces for Hawkish or Dovish Surprise
New Fed Chair Warsh faces his first press conference amid 4% inflation, with markets bracing for either a hawkish dollar rally or a dovish repricing of rate-cut expectations.
US Import Prices Surge 1.9% in May, Double Expectations
US import prices rose 1.9% in May, nearly double the 1.0% forecast, driven by a 12.5% surge in fuel costs, reinforcing inflation concerns ahead of the FOMC decision.
USD flat vs EUR, JPY, GBP as BOJ hikes rates to 1.0%
The US dollar traded in narrow ranges against major peers on Tuesday as the Bank of Japan's 25-bps rate hike to 1.0% failed to spark broad volatility.
China signs 26 financial institutions to digital yuan cross-border platform
China's digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai to expand low-cost cross-border payments and promote global adoption of the Chinese currency.
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NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.