ECB Hike Expected With Focus on Signals.As the main event of the week in Europe, we expect the ECB to hike the deposit rate by 25bp to 2.25%, in line with consensus and markets. With the June hike fully priced in by markets, all focus during the press conference will be on signals.

Pound-to-Euro Forecast: ECB Guidance Could Trigger Next Major EUR Move.The Pound to Euro (GBP/EUR) exchange rate traded in a narrow range on Wednesday as investors awaited the latest European Central Bank policy decision and a lack of major economic releases left both currencies struggling for direction. At the time of writing, GBP/EUR was trading at €1.1580, marginally below Tuesday's two-week high of.

Pound-to-Canadian Dollar Price News, Forecast: GBP Flat Following BoC Rate Decision.The Pound to Canadian Dollar (GBP/CAD) exchange rate traded sideways on Wednesday as investors weighed the Bank of Canada's latest policy decision against ongoing geopolitical uncertainty and subdued UK trading conditions. At the time of writing, GBP/CAD was trading at CA$1.8664, little changed on the day after the Bank of Canada left.

WTI drifts higher to near $89.50 as US launches renewed strikes against Iran.WTI drifts higher to near $89.50 as US launches renewed strikes against Iran

Canadian Dollar advances as Middle East uncertainty weighs on US Dollar.Canadian Dollar advances as Middle East uncertainty weighs on US Dollar

Indian Rupee slumps as oil price surges amid fears of US-Iran ceasefire collapse.Indian Rupee slumps as oil price surges amid fears of US-Iran ceasefire collapse

Indonesian Rupiah declines as Retail Sales face downturn in April.Indonesian Rupiah declines as Retail Sales face downturn in April

United States Dollar Index (DXY) Price Forecast: Bulls have the upper hand above 99.50.United States Dollar Index (DXY) Price Forecast: Bulls have the upper hand above 99.50

AUD/JPY Price Forecast: Gains ground to near 112.50, uptrend holds above 100-day SMA.AUD/JPY Price Forecast: Gains ground to near 112.50, uptrend holds above 100-day SMA

Oil Price Forecast: Brent and WTI Eye Breakout as Strait of Hormuz Risk Grows.Oil prices remain supported as Strait of Hormuz risks and the U.S.-Iran conflict keep supply fears high, while Brent and WTI approach key breakout levels.

Asia open: Trump's Iran strike threat and tech rout spark stagflation.Global markets turned sharply risk-off as President Trump's threat of hard strikes on Iran sent WTI crude back above US$90 and revived stagflation fears. Hot US CPI data reinforced expectations of a higher-for-longer Federal Reserve stance, pressuring equities, bonds, and precious metals.

Japanese Yen moves little after reaching six-week lows.Japanese Yen moves little after reaching six-week lows

Swiss Franc strengthens as US Dollar struggles despite increased risk aversion.Swiss Franc strengthens as US Dollar struggles despite increased risk aversion

Trump, Iran and Hormuz: Brent Oil's Double Bottom Could Be the Real Warning..Financial markets continue to behave as though diplomacy will ultimately prevail in the Middle East. That assumption is becoming increasingly difficult to justify.

investingLive Asia-Pacific FX news wrap: OpenAI is considering major price cuts (WSJ).Oil dominated the session as the US conducted strikes against Iran for a second straight night, with Tehran responding by hitting regional US bases and shipping near Hormuz and declaring the strait closed, a move CENTCOM partially disputed by noting commercial vessels were still transiting. The fresh hostilities pushed WTI briefly above $93/bbl before the advance faded, with traders having largely priced in the prospect of strikes given Trump's earlier warnings, including a threat to escalate further if no deal is reached by June 11.

EUR/JPY Price Forecast: Rises to near 185.50 due to bullish emergence.EUR/JPY Price Forecast: Rises to near 185.50 due to bullish emergence

Rupee braces for weaker start after Iran–US tensions ignite fresh oil rally.The Indian rupee is poised to kick off Thursday on a weaker note after a long-standing pressure point returns to the ​fore, with oil prices climbing after Iran and the United ‌States traded strikes.

New Zealand Dollar edges higher despite Iran conflict risks.New Zealand Dollar edges higher despite Iran conflict risks

Australian Dollar bounces off two-month low amid softer USD; upside seems capped.Australian Dollar bounces off two-month low amid softer USD; upside seems capped

British Pound nudges higher above 1.3350 despite rising Fed hike bets.British Pound nudges higher above 1.3350 despite rising Fed hike bets

Dollar shaky as investors weigh rate outlook, Middle East worries.The U.S. dollar wobbled on Thursday as new U.S. strikes in the ​Middle East undermined sentiment, while a surge in May U.S. consumer inflation to a three-year high kept investors uneasy about the Federal ‌Reserve's monetary policy outlook.

Canadian Dollar remains on the front foot vs softer USD; upside potential seems limited.Canadian Dollar remains on the front foot vs softer USD; upside potential seems limited

United States Dollar Index declines despite increased safe-haven demand.United States Dollar Index declines despite increased safe-haven demand

Shares retreat as techs extend losses, US strikes on Iran lift oil.Asian stocks fell on Thursday, weighed down by a Wall Street selloff after a hotter-than-expected U.S. inflation reading, while renewed U.S. strikes on Iran fuelled a rise in oil prices.

Australia Consumer Inflation Expectations declined to 5.5% in June from previous 5.6%.Australia Consumer Inflation Expectations declined to 5.5% in June from previous 5.6%

Euro gathers strength to near 1.1550 ahead of ECB rate decision.Euro gathers strength to near 1.1550 ahead of ECB rate decision

US launches fresh strikes on Iran, IRGC closes Hormuz to all vessels.US launches fresh strikes on Iran, IRGC closes Hormuz to all vessels

Japan BSI Large Manufacturing Conditions Index (QoQ) below forecasts (4.2) in 2Q: Actual (-1.8).Japan BSI Large Manufacturing Conditions Index (QoQ) below forecasts (4.2) in 2Q: Actual (-1.8)

Breaking: Japanese Yen hits 6-week low near 160.50 amid intervention fears.Breaking: Japanese Yen hits 6-week low near 160.50 amid intervention fears

United Kingdom RICS Housing Price Balance registered at -34%, below expectations (-31%) in May.United Kingdom RICS Housing Price Balance registered at -34%, below expectations (-31%) in May