Latest Financial News

The US imposed import tariffs under the guise of labor issues, which was met with joint rebuttal from multiple countries.

The United States has introduced a new tariff policy, based on labor issues and relying on Section 301 to impose import tariffs of 10% and 12.5% on 60 economies in two tiers. It also establishes several exemption lists for commodities and free trade goods, among others, to bridge the gap with expiring tariffs. This unilateral trade protection measure lacks a sound legal basis and has been met with collective rejection and skepticism from the EU, the UK, India, and many other countries. It is widely believed that the new regulations are vague, increase global supply chain costs, and will continue to disrupt the global trade landscape.

2026-06-04 10:39:16

The dollar rose and then fell back, leading to a correction in the USD/JPY pair at its highs.

Following the new ceasefire agreement between Israel and Lebanon, market risk aversion eased somewhat, leading to a pullback in the US dollar index and a decline in the USD/JPY exchange rate to around 159.90 after four consecutive days of gains. However, uncertainty remains in the Middle East, and coupled with rising energy costs, fiscal easing, and continued pressure on the yen to depreciate in Japan, market expectations for Japanese intervention in the foreign exchange market continue to rise. Investors are closely monitoring the evolution of geopolitical risks, Japanese policy moves, and the impact of the Federal Reserve's future interest rate path on the currency market.

2026-06-04 09:28:08

Risk aversion outweighs commodity attributes: Why is the Canadian dollar "ignoring" rising oil prices?

The current Canadian dollar is exhibiting a typical "abnormal" phenomenon: as a commodity currency, the Canadian dollar typically benefits from rising oil prices, but against the backdrop of Middle East tensions pushing up oil prices, the Canadian dollar has weakened. The core reason is that risk aversion has dominated the market: on the one hand, escalating geopolitical risks have boosted demand for the US dollar as a safe haven, suppressing risk-sensitive currencies including the Canadian dollar; on the other hand, Canada's own economic fundamentals are weak—the reality of a technical recession has dampened market confidence in the Canadian dollar.

2026-06-04 08:56:11

A chart showing support and resistance levels for 18 major forex pairs: USD + EUR/JPY + Commodity Currencies + Emerging Market Currencies (June 4, 2026)

A chart showing support and resistance levels for major currency pairs: USD + EUR/JPY + Commodity Currencies + Emerging Market Currencies, updated Thursday, June 4, 2026 at 07:30. Specifically, it includes 18 major currency pairs such as USD/EUR/JPY/GBP/CHF/AUD/NZD/CAD + CNY/HKD/RUB/RANT/CHK. For more details, please see the chart specially created by FX678.

2026-06-04 07:42:32

USD/CAD Market Outlook: Tariff Concerns Resurface, Weakening the Canadian Dollar

The US dollar strengthened across the board this week, gaining the upper hand among major non-US currencies, a trend also reflected in the USD/CAD exchange rate. Over the past three trading days, the USD/CAD pair has risen by more than 0.6%, while the Canadian dollar has continued its significant decline.

2026-06-04 01:42:09

Does basic logic suggest that the euro is beginning to possess safe-haven attributes?

This article compares the performance of various currencies during periods of systemic risk and analyzes the reasons for the transformation of the euro's safe-haven attributes and its path towards becoming a normalized safe-haven asset. Amidst global geopolitical turmoil, the logic of safe-haven assets has shifted, with the euro, previously considered a weak safe-haven asset, experiencing a series of safe-haven rallies.

2026-06-03 21:38:36

June 3rd US Market Update: Support and Resistance Levels for 18 Commodities (Gold, Silver, Platinum, Palladium, Crude Oil, Natural Gas, Copper, and 10 Currency Pairs)

On June 3rd, the US market updated its support and resistance levels for gold, silver, platinum, palladium, crude oil, natural gas, copper (commodities), as well as the US dollar index, euro, pound sterling, Japanese yen, Swiss franc, Australian dollar, Canadian dollar, and New Zealand dollar (popular currency pairs).

2026-06-03 21:01:52

Iran's surprise attack on Kuwait initiates a cycle of US-Iran retaliation, causing oil prices to fluctuate at high levels.

The stalemate between the US and Iran, with fighting and negotiations continuing unresolved, and Iran's surprise attack on Kuwait exacerbating the differences between the US and Israel, has fueled geopolitical risks. WTI crude oil rebounded above $94.5, with the $96-$98 resistance level becoming crucial. What will be the next move for oil prices?

2026-06-03 20:50:20

Labor costs, fiscal surplus, and inflation risks: the triple constraints on the pound sterling emerge.

On Wednesday, June 3, the pound was in a window of simultaneous reassessment of growth expectations, labor costs, and energy shocks against the dollar. On the trading floor, the exchange rate hovered around 1.3450, with limited intraday volatility, remaining within its recent trading range. The market also needs to digest the facts confirmed in the UK's June fiscal forecast review report: the economic impact of the previous budget was estimated to be overly optimistic, while new energy price disruptions have not yet been fully incorporated into the fiscal forecast.

2026-06-03 20:29:34

The Japanese yen is caught in a bind by three forces; can interest rate hikes and intervention stem the tide of the yen breaking through the 160 level?

With an 80% probability of an interest rate hike, the yen is caught in a three-way battle! The market is pushing for continued easing, Bessant has drawn a red line on US Treasury bonds, Ueda is using oil prices as an excuse, and intervention at the $160 level has already occurred. Will the next move be a rebound or a breakdown?

2026-06-03 18:29:56

Eurozone Dilemma: Service Sector Inflation Exceeds Expectations vs. Explosive US Jobs Data – Who Will Prevail?

The euro remains range-bound against the dollar in the short term, with the relative stability of interest rates in the US and Europe providing temporary equilibrium. However, strong signals from the US labor market are gradually weakening the bearish sentiment towards US assets, limiting the downside potential of the dollar.

2026-06-03 16:37:31

The US dollar index remained near the upper end of its trading range, with renewed focus on Federal Reserve policy expectations.

Continuum Economics, an economic research firm, predicts that U.S. private sector employment will increase by approximately 100,000 in May, roughly flat compared to April. While weekly employment data has historically shown stronger growth, monthly data does not necessarily reflect this trend. The market is closely watching the upcoming ADP and non-farm payroll reports to assess the state of the U.S. labor market and the Federal Reserve's future monetary policy direction.

2026-06-03 15:55:54

European Central Bank officials signaled a hawkish stance, but easing tensions between the US and Iran may not stem the rise in expectations of interest rate hikes.

European Central Bank (ECB) Governing Council member Winsch stated that even if the US and Iran reach a peace agreement before the ECB meeting, it will not completely weaken the case for raising interest rates. He believes that current inflation risks remain a concern, and the ECB needs to demonstrate a clear policy stance. The market widely expects the ECB to raise interest rates by 25 basis points at its June meeting, and these remarks further strengthen market expectations that European monetary policy will maintain a hawkish stance.

2026-06-03 15:50:38

Escalating tensions in the Middle East have driven a return of safe-haven buying, keeping the US dollar index at high levels.

The US dollar index rose to around 99.30 on Wednesday, near its weekly high, influenced by renewed tensions in the Middle East and continued strong US economic data. Increased risk aversion in the market drove funds into dollar assets, while robust US employment and manufacturing data reinforced expectations that the Federal Reserve would maintain high interest rates or even further tighten policy. Investors are closely watching subsequent employment data to determine the dollar's next move.

2026-06-03 15:37:19

Economic slowdown vs. strong iron ore prices – where is the Australian dollar headed?

The Reserve Bank of Australia raised interest rates to 4.35% in May, its third rate hike this year. The market is currently pricing in further rate hikes, and if the economy continues to slow, the tightening cycle may be nearing its end.

2026-06-03 15:02:22

Conflict reignites in the Middle East, oil prices surge over 1.5%! Inventories decline for the seventh consecutive week.

The continued acceleration of inventory reduction further confirms the tightening supply situation, providing solid support for oil prices. At a deeper level, the rapid depletion of inventories reflects a supply-demand mismatch caused by global buyers being forced to turn to US crude oil after the closure of the Strait of Hormuz, and also exposes the fragility of the market's buffer mechanism.

2026-06-03 14:07:46

Instrument	Current Price	Change
XAU	4473.28	39.03 (0.88%)
XAG	73.567	0.868 (1.19%)
CONC	94.87	-1.15 (-1.20%)
OILC	96.56	-1.29 (-1.32%)
USD	99.455	-0.079 (-0.08%)
EURUSD	1.1608	0.0011 (0.10%)
GBPUSD	1.3424	0.0009 (0.06%)
USDCNH	6.7756	-0.0043 (-0.06%)

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