Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

AUD/USD holds the bounce near 0.7050 after China trade data

AUD/USD is holding the bounce from two-month lows, retesting 0.7050 in the Asian session on Tuesday. Easing tensions in the Middle East keep the US Dollar on the defensive, supporting the pair amid China's trade surplus expansion in May.

USD/JPY consolidates above 160.00 amid intervention fears, Israel-Iran ceasefire

USD/JPY holds steady above 160.00 during the Asian session on Tuesday as expectations that authorities will step in again to prop up the Japanese Yen hold back bulls from placing fresh bets. Moreover, a de-escalation of tensions between Israel and Iran undermines the safe-haven US Dollar, capping the currency pair. Traders also seem hesitant and opt to wait for the release of the latest US inflation figures on Wednesday and Thursday.

Gold draws support from weaker USD; bulls seem hesitant amid Fed hike bets

Gold extends its sideways consolidative price move through the Asian session, and remains close to the lowest level since March 23, around the $4,268-$4,267 region touched the previous day. The US Dollar retreated from an over two-month high after Iran and Israel said on Monday they had halted attacks on each other following an appeal from US President Donald Trump.

XRP and XLM outlook: Fragile recovery as traders favor downside

Ripple and Stellar remain under pressure on Tuesday after a mild recovery following a massive correction in the previous week. Weakening derivatives positioning, alongside mixed on-chain data for both XRP and XLM, suggests that any recovery rallies are likely viewed as corrective within a broader bearish context. Derivatives data shows a bearish tilt.

Indonesian Rupiah rises following BI off-cycle 25-basis-point rate hike

USD/IDR halts its four-day winning streak, trading around 18,070 during the Asian hours on Tuesday. The pair depreciates as the Indonesian Rupiah gains ground after Bank Indonesia raised interest rates by 25 basis points in an unexpected off-cycle rate hike, taking the benchmark rate ‌to 5.50%.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.