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Equities: Rotation persists as tech sells off – Danske Bank
Danske Research Team reports a sharp global equity selloff led by a more than 4% drop in tech, even as several defensive sectors finished higher.
Wed, Jun 24
New Zealand Dollar weakens to near 0.5650 on hawkish Fed stance
The NZD/USD pair trades in negative territory for the sixth consecutive day near 0.5655 during the early European trading hours on Wednesday.
Wed, Jun 24
Japanese Yen: Bears eye 2024 low at 162.00 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY remains in a range-trading phase intraday, projected between 161.20 and 161.80 after a narrow 161.25–161.73 session.
Wed, Jun 24
USD/JPY Price Forecast: Range tightens further at around 161.60
The USD/JPY pair trades in a limited range around 161.60 during the European trading session on Wednesday. The pair consolidates as hawkish Bank of Japan (BoJ) bets are supporting the Japanese Yen (JPY) against the US Dollar’s (USD) continued outperformance.
Wed, Jun 24
Qatar to resume normal LNG production 'within a few weeks’ — FT
Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said that the country would resume normal liquefied natural gas production “within a few weeks”, the Financial Times reported on Wednesday.
Wed, Jun 24
Indian Rupee declines further against US Dollar as hawkish Fed bets remain firm
The Indian Rupee (INR) opens lower, as expected, against the US Dollar (USD) on Wednesday, with the USD/INR pair rising to near 94.85.
Wed, Jun 24
Silver Price Forecast: XAG/USD sees fresh downside leg below $60 amid hawkish Fed bets
Silver price (XAG/USD) posts a fresh over six-month low at $60.74 during the Asian trading session on Wednesday. The white metal faces selling pressure as traders seem confident that the Federal Reserve (Fed) will deliver at least two interest rate cuts this year.
Wed, Jun 24
AUD/JPY Price Forecast: Weakens below 112.00 on intervention fears, bearish bias below 100-day SMA
The AUD/JPY cross trades in negative territory around 111.70 during the early European trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders are on high alert for currency intervention from Japanese authorities.
Wed, Jun 24
WTI trades around $72.50 after rebounding from three-month lows
West Texas Intermediate (WTI) oil price continues its losing streak for the third successive day, trading around $72.50 per barrel during the Asian hours on Wednesday. WTI oil price recovers after hitting a three-month low of $71.94, but stays in negative territory.
Wed, Jun 24
Solana Price Forecast: Bearish derivatives and weak momentum put key support at risk
Solana (SOL) trades below $70 at the time of writing on Wednesday, after falling nearly 4% so far this week. Weakening derivatives positioning and deteriorating technical outlook suggest the selling pressure could accelerate, hinting at a deeper correction.
Wed, Jun 24
British Pound extends the decline below 1.3200 on UK political instability concerns
The GBP/USD pair loses traction to around 1.3195 during the early European trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid political instability following Keir Starmer’s resignation as Prime Minister.
Wed, Jun 24
Dogecoin Price Forecast: DOGE tests a key make-or-break point amid waning retail support
Dogecoin (DOGE) trades below $0.08000 on Wednesday, maintaining a steady decline for the seventh straight week, with a 4% drop the previous day.
Wed, Jun 24
Australian Dollar struggles near April lows vs firmer USD as bears await 0.6900 break
The AUD/USD pair turns lower for the third straight day following a modest Asian session uptick to the 0.6920-0.6925 area and drops to a fresh low since April 7 on Wednesday.
Wed, Jun 24
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Wed, Jun 24
EUR/JPY Price Forecast: Tests symmetrical triangle bottom near 183.50
EUR/JPY extends its losses for the third successive day, trading around 183.60 during the Asian hours on Wednesday.
Wed, Jun 24
Meta CEO Zuckerberg directs development of standalone prediction markets app 'Arena'
Mark Zuckerberg has directed a small team at Meta to develop a new smartphone app focused on prediction markets, according to a Tuesday report by the New York Times.
Wed, Jun 24
EUR/USD Price Forecast: Hits one-year low, eyes 1.1350 as bullish USD offsets oversold RSI
The EUR/USD pair drifts lower for the third straight day – also marking the fifth day of a negative move in the previous six – and drops to over a one-year low during the Asian session on Wednesday.
Wed, Jun 24
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH loses key support, XRP momentum weakens
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday after falling slightly the previous day. BTC trades below $63,000, ETH slips below $1,700, while XRP momentum continues to weaken.
Wed, Jun 24
Crypto Market Overview: Bitcoin loses $63,000 amid tech sell-off – WLD, VVV tokens lead losses
Bitcoin (BTC) edges below $63,000 at press time on Wednesday, amid a global sell-off of tech stocks, including AI and chip stocks.
Wed, Jun 24
$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar
Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday.
Wed, Jun 24
