Analysis

The EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range.

Fed policymakers maintain caution ahead of minutes as risk appetite ebbs. Commodities retreat from highs amid hawkish Fed, calm in Middle East. Dollar inches higher, ether jumps 19% on spot ETF hopes

EUR/USD fell 0.1%, CCI indicates more downside. Gold rose 0.2%, but is overbought. GBP/USD was static, also overbought. Bitcoin surged 4.3%, may correct soon. Gold prices rose ahead of a US inflation report. Japan's shares hit a 34-year peak. Ripple acquired Standard Custody and Trust.

In yesterday's market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement, with fresh data indicating that the property sector in China remains a significant concern.

The majority of Central Banks around the world have maintained an unchanged inflation target for at least the past 50 years.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil shows weakness

On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven assets.

Stocks remain on the front foot despite wavering rate cut bets; Optimism prevails even as gold rallies on Middle East uncertainties; Subdued dollar eyes Fed speakers, rising Japanese yields fail to lift yen

Oil gained 0.7%. The Australian dollar is overbought but unchanged. The Euro and Dollar-yen traded sideways; the Euro is overbought, and the Dollar-yen has a negative signal. China's gasoline exports hit a low. Japan's Nippon Steel VP will visit the US for a deal. Global stocks rose on potential Fed rate cuts.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin cautious despite global rise in risk appetite

Gold advances above sideways channel; 20- and 50-day SMAs tick up; MACD and RSI suggest more upside pressure; Next target at 261.8% Fibo extension of 2,515

The Dollar Index (DXY), a measure of the Greenback’s value against a basket of 6 major currencies, finished flat, at 104.50. Fed officials called for caution before moving to cut interest rates despite signs of cooling inflation.

geopolitical issues in Eastern Europe and the Middle East have intensified, driving safe-haven gold prices to all-time high levels.

The Dollar Index (DXY), which weighs the value of the Greenback against a basket of 6 major currencies, rebounded to 104.50 from 104.30 despite mixed US economic data.

The Dollar Index (DXY), which weighs the value of the Greenback against a basket of 6 major currencies, rebounded to 104.50 from 104.30 despite mixed US economic data.

This Forex Market Report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The dollar index clings to the uptrend

This Forex Market Report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.

The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier.

US import prices see largest surge in two years - Investors scale back Fed rate cut bets - Yen slides on BoJ bond operation, Ueda’s remarks - Wall Street pulls back after hitting fresh record highs