Author: FX
US Secretary of State Marco Rubio criticizes Iran for considering a tolling system near the Strait of Hormuz, a critical chokepoint to all 20% of global energy supply, saying, “Hormuz tolling would set an unacceptable precedent” during the European trading session on Thursday.RemarksHormuz tolling would set an unacceptable precedent.You can call it a toll, you can call it a fee, at the end of the day, it’s all semantics.We won’t accept that Hormuz belongs to any nation state.We don’t want a deal with Iran at any price.Hope to have a positive outcome with Iran.We want to ensure that any decision…
Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds Source link
Australia’s labour market delivered a stronger-than-expected performance in May 2026, with the economy adding 40,300 jobs and the unemployment rate falling to 4.4%. Source link
Gold finally cracked below $4,000 this week, leaving the metal down about 29% from its January 29, 2026 record high of $5,595. A hawkish Fed, still elevated real yields, and the slow fade of the Middle East risk premium all showed up at the same time, and gold bulls didn’t have much room to argue. Now the chart has a pretty simple job. Either a long-term structural floor holds and buyers try to steady the ship, or this selloff still has more downside work to do. Source link
Bitcoin slid with chip stocks, but nearby support and a key inflation print could decide whether buyers get a bounce. Source link
The May 2026 flash PMI data reveal a fractured global economy: manufacturing holds up while services falter, and a war-driven inflation surge complicates the picture for central banks and forex traders alike. Let’s break down the numbers to see what they’re all implying about the global economy and its outlook. What Actually Is a Flash PMI? PMI stands for Purchasing Managers’ Index. Every month, S&P Global surveys hundreds of purchasing managers at private companies across more than 30 economies. These managers sit close to the economic action because they place orders before production starts, so their responses tend to move…
Summary:IRGC Navy rejected the Omani-IMO Hormuz transit framework, calling the proposed route unacceptable and a serious safety risk, giving oil a brief pop though rising traffic through the strait remains the dominant price weightBOJ board member Tamura called for rate hikes every few months toward a 2% neutral rate, said underlying inflation has already reached 2%, and warned the BOJ should not hesitate to accelerate if upside price risks heightenAustralia added 40,300 jobs in May and unemployment fell to 4.4%, but the April revision to minus 40,700, a part-time-heavy composition and a 1.1% fall in hours worked tempered the headline;…
XAG/USD depreciates for the third successive day, trading around $56.90 per troy ounce during the Asian hours on Thursday. Silver price is facing steady headwinds as market expectations shift toward tighter monetary policy from the Federal Reserve (Fed). This hawkish momentum gained traction after Fed Chairman Kevin Warsh emphasized a strict commitment to curbing inflation, noting that the broader economy remains on a stable footing. Reflecting this shift, the CME FedWatch tool indicates that markets are now pricing in an 83.1% probability of a rate hike by December.These rising Fed interest rate expectations have completely overshadowed the deflationary progress seen…
GBP/JPY has formed higher lows and lower highs to consolidate inside a symmetrical triangle. Now that it’s testing support, will we see a breakout next? Source link
The Non Repaint Arrow Indicator MT4 changes that equation. It waits for the candle to close completely before it prints a blue buy arrow or red sell arrow. Once the arrow appears, it stays put—no redraws, no disappearing acts, no second thoughts. Traders get a clear, fixed signal they can trust for entries. That reliability lets them focus on trade management instead of wondering if the indicator changed its mind. From here, we break down exactly what makes this tool tick, how traders apply it across different pairs and timeframes, and where it fits into a solid trading plan. What…