Top daily news

Equities are advancing currently after Wall Street ended sharply higher on Thursday. Facebook shares gained 0.9% despite German regulator orders to cease collecting German WhatsApp users’ data, Apple shares rose 1.79% Thursday.

Forex news

Currency Pair Change
EUR USD +0.9%
GBP USD +0.95%
USD JPY -0.07%
AUD USD +0.34%

 

The Dollar weakening is intact currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% Thursday despite US Labor Department report 473 thousand Americans sought unemployment benefits over the last week, down from 507 thousand the previous week.

EUR/USD reversed its sliding Thursday while GBP/USD continued its retreating with both euro and Pound on the rise against the Dollar currently. USD/JPY joined AUD/USD’s continued sliding yesterday with both yen and Australian dollar higher against the Greenback currently.

Stock market news

Indices Change
Dow Jones Index +0.2%
Nikkei Index +2.32%
Hang Seng Index +0.3%
Australian Stock Index +0.43%

 

Futures on three main US stock indexes are up currently ahead of Census Bureau report at 14:30 CET today after a bullish session yesterday on upbeat weekly jobless claims report. The three main US stock benchmarks recorded daily gains in the range of 0.7% to 1.3% Thursday led by cyclical shares which stand to benefit most from economic revival.

European stock indexes are mixed currently after closing lower Thursday with basic resources shares leading losses. Asian indexes are mostly up today with Nikkei leading gains.

Commodity market news

Commodities Change
Brent Crude Oil +0.2%
WTI Crude +0.08%

 

Brent is edging higher today. Oil prices ended sharply lower yesterday as Colonial Pipeline resumed operations and India reported widening infection in the country. The US oil benchmark West Texas Intermediate (WTI) futures dropped 3.4% but is up currently. June Brent crude fell 3.3% to $67.05 a barrel on Thursday.

Gold market news

Metals Change
Gold +0.41%

 

Gold prices are extending gains today. June gold added 0.1% settling at $1,824 an ounce on Thursday after back to back losses.


Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.

This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD loses 1.21 as the dollar extends its gains

EUR/USD has dipped below 1.21, some 70 pips down on the day as the dollar recovers alongside Treasury yields. US Consumer Sentiment beat estimates with 86.4 points. 

EUR/USD News

GBP/USD retreats amid UK GDP miss, reopening concerns

GBP/USD is hovering around 1.4150, down on the day. UK GDP missed with 2.3% in April and a four-week delay to Britain's reopening is speculated. The greenback is gaining some ground.

GBP/USD News

XAU/USD drops back below $1900, as US dollar rebounds ahead of data

Gold price has retraced below the $1900 mark once again, having tested Tuesday’s high near $1903. The latest leg down in gold price comes on the back of a tepid bounce staged by the US dollar, as the Treasury yields trim losses across the curve.

Gold News

Ethereum price prepares for a bullish weekend, targeting $3,000

Ethereum price seems prime to revisit $3,000. Although ETH faces resistance at $2,300, the upswing seems imminent. A downswing below $2,000 could invalidate the bullish thesis. 

Read more

Hot Inflation is warming the seat for the June FOMC

Americans are seeing the fastest price increases since their seventh-graders were born as inflation builds into the US economy from the disruptions of the pandemic lockdowns. Core CPI at 3.8% is the steepest gain in 29 years.

Read more

Majors

Cryptocurrencies

Signatures