Update: S&P Global Composite PMI in the United States rises to 52.2 in June
The initial estimate for the US S&P Global Composite PMI for June came in at 52.2, which is an increase from May’s figure of 51.5. Manufacturing output registered at 55.7 this month, marking a rise from the previous reading of 55.1 and surpassing the market forecast of 54.8. Additionally, the Services PMI was recorded at […]
Silver price update for Tuesday, June 23, 2026
As of 8:45 a.m. ET today, the price of silver is $62.03 per ounce. This marks a decrease of $4.35 from yesterday and is still over $25 higher than it was a year ago. Silver Price Overview Yesterday, silver was priced at $66.38 per ounce, which translates to a 6.55% drop. Looking back a month, […]
AI stocks are being heavily affected. South Korean market drops 10%
Stock Market Volatility Driven by AI Concerns Volatility has returned to the stock market, with AI again taking center stage. What began as a small dip in U.S. tech stocks on Monday escalated into a significant downturn across Asia by Tuesday. In South Korea, the Kospi index plummeted 10%, triggering circuit breakers and a 20-minute […]
Australian Dollar affected by risk-averse sentiment, awaiting Aussie CPI data.
The Australian dollar (AUD) is struggling against other currencies, currently sitting at 0.6945 in European trading, which is a 0.8% decline against the US dollar (USD). Antipodean currencies are experiencing significant sell-offs as risk sentiment shifts amidst expectations of at least two interest rate hikes by the U.S. Federal Reserve this year. As of now, […]
Euro: Concerns about inflation are challenged as the 1.13 level is observed
Weak Eurozone PMI Prices Weigh on Euro Kenneth Bruce from Société Générale and colleagues point to disappointing Eurozone PMI price data and the dovish remarks from European Central Bank (ECB) President Lagarde as major factors influencing the EUR/USD pair. They identify the 1.13 level as critical, with support seen around 1.1390 and 1.1350. The widening […]
British Pound holds onto intraday losses against strong USD following poor UK PMIs.
The GBP/USD pair experienced a slight decline, reaching new daily lows near 1.3215-1.3210 during early European trading. The overall market sentiment seems to be favoring bearish traders, indicating that the likely trajectory for spot prices is downward. The British pound has become a fresh source of supply as the political situation in Britain worsens, particularly […]
Germany’s pension plans receive both commendation and criticism
Pension Reform Proposals in Germany Spark Mixed Reactions A recent set of 33 pension reform proposals has been met with approval from conservative political factions in Germany while igniting protests from opposition groups and trade unions. The report from a 13-member committee, which includes experts and politicians, was officially released on Tuesday. Chancellor Friedrich Merz […]
AUD/USD Price Prediction: Approaches lower boundary of descending channel near 0.6950
AUD/USD Continues Decline The AUD/USD pair is currently in a six-day downturn, trading around 0.6960 during Asian hours on Tuesday. A look at the daily chart highlights that it’s still moving within a descending channel pattern, indicating a prevailing bearish sentiment. In the short term, the outlook remains pessimistic as the pair lingers below both […]
Euro falls below 1.1450 amid uncertainty over US-Iran peace agreement
During the early hours of Tuesday’s European trading session, the EUR/USD pair dipped slightly to around 1.1425. The US dollar strengthened marginally against the euro, influenced by a general risk-off sentiment and a more hawkish stance from the Federal Reserve. Traders are now anticipating preliminary Purchasing Managers’ Index (PMI) figures for Germany, the eurozone, and […]
Gold rates in India on June 23
On Tuesday, gold prices in India experienced a decline, as noted by FXStreet’s data. The price for gold per gram dropped to INR 12,623.95, down from INR 12,787.61 the previous day. Additionally, the cost of gold per tola fell to Rs 147,243.60 from Rs 149,152.10. unit measurement Gold price in INR 1 gram 12,623.95 10 […]