June 24, 2026 1:41 pm
Key Moments AUD/USD has been sliding toward the 0.69 region and the March-April low around 0.6833, even as the 2-year spread tightens sharply to 39bp. Australian inflation eased to 4.0% year-on-year in May, but core inflation rose to 3.6%, reinforcing expectations of a hawkish pause from the RBA. Lower FX hedge ratios among Australian superannuation […]
Read moreJune 24, 2026 1:14 pm
Key Moments Broadcom (NASDAQ:AVGO) shares advanced 3.4% Wednesday morning after OpenAI revealed the “Jalapeño” custom AI chip. Jalapeño, described as OpenAI’s first “Intelligence Processor,” was taken from design to production in nine months for large language model inference. OpenAI intends to roll out the chip at gigawatt scale with data center partners such as Microsoft […]
Read moreJune 24, 2026 1:08 pm
Key Moments USD/CAD traded near 1.4230 after touching a more-than-one-year peak at 1.4239. Money markets priced in nearly an 86% probability of a Federal Reserve rate hike by December, up from about 61% before the latest FOMC meeting. Canadian Dollar underperformed broadly, except against the New Zealand Dollar, where it showed the strongest relative gain. […]
Read moreJune 24, 2026 10:14 am
Key Moments ICE Brent settled a little over 1% lower as market optimism grew over improving Persian Gulf oil flows through the Strait of Hormuz. Recent oil shipments through the strait were estimated at 6-7m b/d, still well below pre-war levels of around 20m b/d and below the 14m b/d seen as sufficient for a […]
Read moreJune 24, 2026 9:03 am
Key Moments CME cattle futures finished lower on Tuesday as traders locked in profits and questioned U.S. consumer appetite for even higher beef prices. Boxed beef prices climbed further, with USDA choice cuts at $400.26 per cwt and select cuts at $382.771 per cwt on Tuesday morning. CME lean hog futures ended mixed, with most-active […]
Read moreJune 24, 2026 7:23 am
Key Moments WTI trades around $72.50 per barrel in Asian hours after bouncing from a three-month low of $71.94, but remains down on the day. Improved shipping access through the Strait of Hormuz and a new 60-day US waiver on Iranian crude purchases have weighed on crude prices. Conflicting signals on Iran’s nuclear file and […]
Read moreJune 24, 2026 6:43 am
Key Moments EUR/USD trades around 1.1365 after hitting its lowest level in over a year, marking a third consecutive daily decline. Stronger expectations for a Fed rate hike and ongoing US-Iran uncertainty have driven the USD Index to a 13-month high. Technical signals remain bearish, but an oversold 4-hour RSI near 21 suggests potential for […]
Read moreJune 24, 2026 6:14 am
Key Moments USD/CAD traded lower near 1.4205 during Wednesday’s Asian session. Markets priced in about an 86.1% probability of a Federal Reserve rate increase in December, up from 61% before last week’s FOMC meeting. Comments from Iran’s president on ballistic missiles and ongoing US-Iran uncertainty offered support for the US Dollar against the Canadian Dollar. […]
Read moreJune 24, 2026 5:51 am
Key Moments The People’s Bank of China (PBOC) set Wednesday’s USD/CNY central parity at 6.8195. The new fixing compared with the prior trading day’s reference rate of 6.8171. Reuters had estimated Wednesday’s fixing at 6.7913, below the official level. Latest USD/CNY Central Parity Setting On Wednesday, the People’s Bank of China (PBOC) set the central […]
Read moreJune 23, 2026 2:03 pm
Key Moments XAU/USD is trading near $4,130 after briefly dipping below $4,100, extending its corrective phase.
Read more
