Author: FX
We have a fresh report from the WSJ on the latest Iran proposal, which Trump already said he’s not happy with. The market is taking it positively as it says Iran is “offering hints of compromise in a bid to revive talks.”That’s clouded because it says the sides remain far apart on Hormuz and the nuclear program. It does suggest that Iran would negotiate around the nuclear program in exchange for sanctions relief.An earlier report said a source in the office of Pakistani Prime Minister Shehbaz Sharif told Al Jazeera that Pakistan asked Trump to refrain from taking “significant military…
Gold (XAU/USD) prints back-to-back days of gains, up over 0.50% as the US Dollar extends its losses amid Japan’s intervention in the market, while news that Iran submitted a new proposal drove oil prices lower. At the time of writing, the AU/USD trades at $4,643 after bouncing off daily lows of $4,560.Bullion gains as Iran proposal cools oil but Fed hawks cap upsideWall Street trades in positive territory amid news that Iran sent a proposal to the US via Pakistan, which weighed on oil prices, with WTI seen trading at $101.91 per barrel, down over 3%. The central bank’s weekly…
Dow Jones Industrial Average (DJIA) futures traded above 49,800 in overnight and pre-market action, building on a near 1,500-point rally from Thursday morning’s lows around 48,500 and pressing toward the 50,000 mark for the first time. S&P 500 futures held firmly above 7,200 after the cash index closed at a fresh record yesterday, locking in its strongest monthly performance since 2020. Nasdaq Composite futures pointed to a continuation of Thursday’s tech-led gains, with the Dow itself coming off its strongest month since November 2024. The risk tone is being driven by hopes that Iran’s latest diplomatic offer can wind down…
The US Dollar Index (DXY) fell to a two-week low near the 98.00 price zone on Friday, extending the losses seen the previous day and ending a week in which the world’s most important central banks confirmed a hawkish shift due to rising inflation pressures. Next week, traders’ attention will remain focused on any development regarding potential negotiations between the US and Iran, as well as a streak of US employment data that will culminate with Nonfarm Payrolls.The economic calendar was light on Friday as many markets around the world were closed due to the Labor Day holiday. Still, in…
Donald Trump, United States President, announced on Friday through Truth Social a new round of tariffs on the European Union (EU) for cars and trucks.I am pleased to announce that, because the European Union is not complying with our fully agreed-upon Trade Deal, next week I will be increasing tariffs on cars and trucks imported into the United States from the European Union. The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in the USA. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under…
Well this is worrisome:Not satisfied with Iran’s latest proposalNot sure we’re going to get a dealWe’re negotiating by phoneI just had a conversation with IranWe now have talks going on, they’re not getting thereoptions: either blast them away or make a deal, when this war ends oil, gas and everything will come tumbling downNot worried about US missile inventoryWill probably go to the G7 in FranceTrump on potential Iran strikes : why would i tell youIranian leaders are in disagreement among themselvesIran is asking for things I cannot agree withI’m not satisfied because the Kurds didn’t deliver the weapons we…
West Texas Intermediate (WTI) crude Oil eases on Friday, trimming part of the strong gains registered earlier this week as renewed diplomatic efforts to end the US-Iran war lift market sentiment. At the time of writing, WTI is trading around $99, down over 3% on the day and pulling back from a seven-week high near $107.35 reached on Thursday.The latest leg lower comes as reports suggest Iran has submitted a new proposal through Pakistani mediators in response to the latest US amendments, following Washington’s rejection of an earlier Iranian offer that proposed leaving nuclear negotiations for a later stage. While…
Silver (XAG/USD) trades around $76.00 on Friday at the time of writing, up 3.05% on the day, supported by renewed demand despite a macroeconomic backdrop that remains challenging for non-yielding assets.The white metal benefits from a rebound after consolidating earlier in the week, as investors reassess the outlook for monetary policy in the United States (US). The Federal Reserve (Fed) kept interest rates unchanged within the 3.5%-3.75% range at its latest meeting, a decision widely expected by markets. However, internal divisions within the committee, with several members opposing an easing bias, reinforce the view that restrictive policy may persist for…
Markets just got another sharp turn in the tape.Iran has reportedly just sent a fresh proposal for negotiations with the U.S. through Pakistani mediators, oil eased on the news, and earnings are still doing enough to keep buyers engaged. That combination has pushed the S&P 500 back toward the 7,300 area, or close enough that traders now have to treat it as a live level. After the move into 7,265, the gap is not that wide anymore.That does not mean 7,300 has to print exactly.It means the market is already close enough for the bigger question to take over: does…
Trump announced that he’s raising EU auto tariffs to 25% from 15% “next week” in a surprise move.”I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under construction, with over…