Author: FX

SpaceX’s $2 trillion debut met with cheers, jeers and protest Source link

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Societe Generale highlights that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the Korean Won. Measures include a temporary FX stability levy exemption, enhanced interest on excess FX deposits, and tighter oversight of major FX banks. Officials are also urging exporters to accelerate FX conversion and repatriate offshore funds.BoK and government intensify Won support”The BoK rolled out multi-pronged FX stabilisation package after emergency meeting with the MoF and FSS, targeting short-term USD funding stress and speculative pressures.””Key measures include a 6-month exemption of the FX stability levy for…

Here are some comments from Araghchi on local TV:ENd of war in Lebanon means Israel’s withdrawal from occupied areasInterim deal is first step, if not implemented, there will be no nuclear talksEnd of US blockade and reopening of Hormuz is part of the interim dealSays enemies like Israel are against a dealAgreement yet to be signed, changes are possibleThe market is going into the weekend in a decent mood but it could all fall apart by Monday so I expect that’s restraining things.The only preferred solution for highly enriched uranium is downblendingIranian frozen funds will be releasedOur sword will always…

A senior administration official said on Friday that the Iran deal will guarantee long-term peace in the region. The agreement would achieve core US objectives and reopen the Strait of Hormuz. The official said that the US would get enriched nuclear material and include an inspection regime.SENIOR ADMINISTRATION OFFICIAL: IRAN DEAL ACCOMPLISHES CORE U.S. OBJECTIVESIRAN DEAL REOPENS STRAIT OF HORMUZ – OFFICIALU.S. TO GET ENRICHED MATERIAL UNDER IRAN DEALIRAN DEAL GUARANTEES LONG-TERM PEACE IN REGIONIRAN DEAL INCLUDES INSPECTION REGIMEIF IRAN COMPLIES WILL BE REWARDED ECONOMICALLYBENEFITS FOR IRAN ACCRUE IF THEY ACTUALLY DELIVERU.S. EXPECTS TO SIGN AGREEMENT OVER NEXT FEW DAYSDRAFT…

Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of England’s Scenario A, with stronger‑than‑expected early‑2026 GDP but a cooling labour market and easing price pressures. GDP is seen around 1% in 2026–27, while CPI is projected slightly below Scenario A and potentially under the 2% target at longer horizons.Scenario A path for growth and CPI”The economy – at least on the surface – has been stronger than the Bank assumed. GDP growth, to start the year, was stronger than the Bank anticipated. But the labour market has softened a touch, relative to the Bank’s…

Bitcoin pushed higher today, reaching a session high of $64,349 as risk sentiment improved across broader markets. The week’s low was established on Wednesday at $60,679, comfortably above last week’s low of $59,104. While the overall trading range has been relatively modest, the price action has helped improve the near-term technical picture.The recent consolidation allowed the 200-hour moving average to catch up to the 100-hour moving average. On Thursday, Bitcoin broke above both moving averages near $62,500 and has remained above them since. The 100-hour moving average has now crossed above the 200-hour moving average, with the 100-hour MA currently…

Trump spent years railing against the $1.7 cash settlement the US paid out to Iran in 2016 and now there is this:Reuters reports that the UAE will unlock “at least” $10 billion in frozen Iranian funds and that he first $3 billion is already delivered. Two separate sources say the dagreement is for $20 billion in exchange for a halt on all attacks on the UAE.It’s likely money that was previously-earmarked Iranian money that was locked up in the UAE banking system but the report said it couldn’t confirm that.Iran also approached at least two other Gulf Arab countries to…

Gold (XAU/USD) price consolidates above the $4,200 figure on Friday as market participants are optimistic about a potential US-Iran deal, set to be signed next week, according to newswires. Meanwhile, households in the US are becoming more optimistic about the economy. The XAU/USD pair trades at $4,216, up 0.11%.XAU/USD steadies as deal chatter offsets firmer yieldsInvestors’ mood turned optimistic amid news that the Middle East conflict could end if Washington and Tehran proceed with the signing of the Islamabad Memorandum of Understanding (MOU). There is growing speculation about a signing at the G7 meeting in Geneva, Switzerland, but the Iranian…

Gold isn’t getting much attention today as the SpaceX IPO steals all the bandwidth and we wait on some clarity on Iran but I think it’s a clear peace trade.The main catalyst will ultimately be reserves managers as they add to holdings in a messy world with a US President willing to enter a badly-thought out war and alienate allies in the process. Turkey was forced to sell $120 billion in gold early in the conflict to defend its currency, as it’s a huge oil importer.Since that moment, gold has struggled on fears that a spike to $150 oil would…