Author: FX
Projectile hits near Iran’s Bushehr nuclear plant, raising risks without immediate damage.Summary:IAEA says a projectile struck the Bushehr nuclear power plant siteNo damage to the facility and no injuries reportedStrike occurred near, not within, critical nuclear infrastructureBushehr is Iran’s only operational nuclear power plantIncident highlights rising risk to nuclear facilities amid conflictAdds to geopolitical risk premium despite no immediate escalationA projectile struck the premises of Iran’s Bushehr nuclear power plant on Tuesday evening, according to the International Atomic Energy Agency (IAEA), marking a concerning escalation in the proximity of military activity to critical nuclear infrastructure. Iranian authorities informed the agency…
The Pound Sterling edged higher for a second session as traders brace for Wednesday’s Fed hold and Thursday’s BoE rate decision.The Fed is expected to hold rates at 3.50% to 3.75% on Wednesday as the Iran conflict clouds the rate outlook.The BoE is widely expected to hold at 3.75% on Thursday in a 7-2 vote after the Iran-driven energy shock slashed March rate cut odds.GBP/USD rose about 0.3% on Tuesday, gaining ground for a second consecutive session and trading around 1.3360. The pair has found a floor between 1.3250 and 1.3300 after sliding to a three-month low close to 1.3220…
US securities regulator issues long-awaited crypto guidance Source link
Markets staged an unusual double advance on Tuesday as equities and crude oil climbed in tandem for the first time since the US-Iran conflict began, suggesting traders may be attempting to look past near-term energy disruptions while positioning cautiously ahead of the Federal Reserve’s rate decision on Wednesday. The dollar extended its retreat for a second consecutive session, Treasury yields fell, and the Australian dollar clawed back to pre-war levels following the Reserve Bank of Australia’s narrow rate hike. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines &…
The pound is trading at the highs of the day as the US dollar gives back most of the big rally on Friday.The market is beginning to take a more-constructive view on the duration and impact of the Iran war, though it’s certainly a subject to change on any given headline.In the past few minutes, video of a drone hitting (or near) the US embassy in Baghdad was published. It showed a large explosion that undermines the idea that Iran’s military has been wiped out. Iran’s parliamentary speaker Qalibaf also said the Strait of Hormuz situation won’t return to the…
Commerzbank’s Michael Pfister and Norman Liebke argue that, after strong gains versus the Dollar, the Brazilian Real faces more downside risks than the Mexican Peso. A deeper BCB rate-cut cycle, softer Brazilian growth, election-related uncertainty and potential challenges to central bank independence contrast with more cautious Banxico easing and possible support from a favourable USMCA outcome for Mexico.Diverging policy cycles and political risks”For the coming months, there are several reasons why we expect the Mexican peso to continue catching up against the Brazilian real:””While the Banco Central do Brasil (BCB) is likely to cut its interest rates by well over…
Trump says US will leave Iran operation in ’very near future’ Source link
The S&P 500 has been under sustained selling pressure since late February, and now price is pushing back up into a key area that could determine the next big directional move. Check out these critical inflection points we’re watching on the 4-hour time frame: S&P 500 Index (US500 CFD) – Chart Faster with TradingView The US500 has been carving out a clear series of lower highs and lower lows since peaking near the 6,960–6,980 area in late February, with price now trading around 6,727 — down roughly 1.48%. The recent bounce off the 6,612.7 support level has brought price back…
We may be seeing the first real signs of opposition to the Iran war, and it’s coming from a Trump-appointed official.National Counterterrorism Center Director Joe Kent — a former Green Beret — announced his resignation today. Before his nomination, he was chief of staff to Director of National Intelligence, Tulsi Gabbard..What’s notable about him is that Democrats strongly opposed his nomination as he was called an “extremist” due to America First leanings and frequent appearances in right-wing podcasts. His wife was killed in the previous Trump administration by a suicide bomber in Syria.His resignation underscores a growing rift within the…
XAU/USD is pulling back from its recent highs and is now testing a key support area near the 5,000 handle. Gold has been getting extra attention lately as traders weigh rising geopolitical risks in the Middle East, including the ongoing conflict involving Iran and fresh attacks that have raised worries about energy supply and shipping through the Strait of Hormuz. That kind of uncertainty can keep safe-haven demand in play, even when higher yields and a firmer dollar try to cap upside. Will this zone hold and attract new demand? Here’s what we’re seeing on the daily time frame: XAU/USD…