Forex Today: US Dollar gains slow down before important inflation figures
Key Updates for Thursday, June 25th The U.S. dollar (USD) index experienced a brief correction after touching a 13-month high of 101.80 on Wednesday, settling around 101.50 early Thursday. Today, the U.S. Bureau of Economic Analysis (BEA) is expected to release the Personal Consumption Expenditures (PCE) price index along with the final revised figures for […]
NZD/USD Price Outlook: New Zealand Dollar drops close to 0.5650 as negative trend continues
The NZD/USD currency pair has seen a downturn for seven days straight, trading at approximately 0.5650 during Asian hours on Thursday. An analysis of the daily chart indicates that the price is moving downward within a descending channel, highlighting a persistent bearish trend. In the short term, the NZD/USD pair is clearly under pressure, remaining […]
Gold prices in Saudi Arabia for June 25.
Gold prices in Saudi Arabia experienced a decline on Thursday, as reported by FXStreet. The price slipped to 482.20 Saudi Riyals (SAR) per gram, down from 482.78 SAR on Wednesday. Additionally, the cost of gold per tola decreased from R5,631.08 to R5,624.10 compared to the previous day. unit measurement Gold price in SAR 1 gram […]
EUR/JPY Price Outlook: Sits around 184.00 after bouncing back from a symmetrical triangle
EUR/JPY Market Update During Asian trading on Thursday, EUR/JPY managed to recover some of its earlier losses, hovering around 183.80. However, it still remains in the red. The pair is currently experiencing a correction that falls below both short-term and medium-term trend indicators, with the 9-day exponential moving average (EMA) at 184.47 and the 50-day […]
S&P 500 futures increase as Micron soars following earnings; Wall Street looks forward to important inflation report: Live updates
U.S. Stock Futures Rise Ahead of Inflation Indicators On the evening of Wednesday, stock futures in the U.S. moved upward, prompted by a positive response to Micron Technology’s recent earnings report. Traders are now anticipating key inflation data for May. S&P 500 futures increased by 0.5%, while Nasdaq 100 futures saw a larger jump, rising […]
Canadian Dollar gains strength as US Dollar weakens despite aggressive Federal Reserve expectations.
USD/CAD Market Update The USD/CAD has wrapped up its winning streak, which began on June 10th, and is now trading around 1.4230 during Asian trading hours on Thursday. This dip occurred as the U.S. dollar weakened, even amid growing anticipation of the Federal Reserve possibly raising interest rates later this year. Traders are gearing up […]
New Zealand Dollar stays close to November 2025 lows against strong USD as traders wait for US PCE data
The NZD/USD pair has seen selling pressure for the seventh consecutive day, approaching its lowest point since November 25th. Currently, it trades in the 0.5640-0.5635 range and appears vulnerable due to a strengthening US dollar. The USD index (DXY), which gauges the dollar against several currencies, reached its peak for the first time since May […]
Update: Japanese Yen remains stable as traders watch closely for possible intervention
USD/JPY Remains Steady Near Multi-Decade High The USD/JPY pair is holding steady close to a significant high of 161.75 in early trading on Thursday in Asia. Speculation is rife regarding potential currency intervention by Japanese officials, which might limit any upward movement for the pair. Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott […]
IRS performed better than anticipated during tax season despite reducing its workforce, except in phone support, according to a watchdog.
IRS Performance in 2026 Tax Season WASHINGTON — The IRS managed to disburse refunds surprisingly well during the 2026 tax season, despite significant staffing reductions. However, national taxpayer advocates express concerns that many who sought assistance were left without adequate help. “Taxpayers in need of IRS support frequently struggled to get it,” noted Erin M. […]
US Dollar rises sharply as traders anticipate PCE inflation data
Here’s what you need to know on Thursday, June 25th. The U.S. dollar index (DXY) hovered around 101.60 on Wednesday, which marks a one-year high. The markets are keenly awaiting the Federal Reserve’s preferred inflation measure—the Personal Consumption Expenditures Price Index (PCE)—set to be released on Thursday. Scheduled for 8:30 a.m. ET, the May PCE […]