Author: FX
Iran has come out with a statement that the US has failed to live up to their end of the bargain. And as such, the Iranian military has moved to “close” the Strait of Hormuz once again.Iran is claiming that the US “did not fulfill their obligations” as the naval blockade is still ongoing. In response, Iran now says that the strait is returning to “strict control” and any vessels wishing to transit will require Iran’s approval once again. In effect, that is a return to the previous status quo where the strait was in de facto closure. The statement…
The framework assigned 25% to a diplomatic breakthrough. Iran’s Foreign Minister declared the Strait of Hormuz fully open on Friday. Here’s what the scenarios got right — and what they missed. Source link
The Xhamster Formula Indicator is a custom technical analysis tool built for MetaTrader 4. It reads price action data and outputs signals based on momentum calculations and price positioning relative to recent highs and lows. At its core, it’s a trend-following and momentum indicator. It doesn’t predict the future — no indicator does. What it does is summarize where price has been and how strongly it’s been moving, then presents that information in a format that’s far easier to act on than raw candlestick charts alone. Traders who pick this one up tend to fall into two camps. Some apply…
USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend. In the meantime, the technical picture remains bearish, as the pair tumbled below key moving averages, hitting a five-week low at 0.7775.USD/CHF Price Forecast: Technical outlookThe daily chart shows the pair ended the day below the 50-day Simple Moving Average (SMA) at 0.7825—the last of a group of four that included the 20-, 100-, and 200-day SMAs —, opening the door for further downside. The Relative Strength Index (RSI) is…
US President Donald Trump said he can trust Iranians, according to an interview with ABC News. Trump added that talks will take place only in Islamabad and resume over the weekend.He added that he doesn’t think there are many significant differences, while saying that the US will be working with Tehran to remove its enriched uranium. Trump added that Iran would not be receiving money for the exchange, commenting that reports of a $20 billion payment are “fake news.”Key highlights:Steve [Witkoff] and Jared [Kushner] will be going out, and maybe J.D. [Vance]. Haven’t spoken to J.D. about that yetIslamabad only.…
DBS Group Research expects Singapore’s March 2026 core and headline inflation to rise to 1.6% and 1.8% year-on-year, from 1.4% and 1.2% in February. The report links this to imported energy price pressures after the Middle East conflict. Higher costs are likely in transport and travel services, while electricity, gas and food price pressures remain contained for now.Energy-driven uptick in March inflation”Singapore’s inflation data for March 2026 will likely reflect the initial impact of the energy shock stemming from the Middle East conflict.””We expect core and headline inflation to rise to 1.6% yoy and 1.8% yoy, respectively, in March, up…
Geopolitics ran the show as US-Iran tensions, a Strait of Hormuz blockade, and late-week ceasefire optimism kept every major currency on edge. Source link
Celularity receives Nasdaq notification Source link
UBS Chief Economist Paul Donovan assesses how Artificial Intelligence (AI) may affect productivity and whether the European Union (EU) could gain an advantage over the United States (US). He notes that AI’s productivity impact remains largely potential, but argues that education structures and skill distributions across workforces in the US, key European economies and the United Kingdom (UK) could shape relative competitiveness as AI adoption spreads.AI productivity and education-driven edge”The potential for the shiny new toy of artificial intelligence to generate productivity is still more an ideal than a reality.””But adopting any new technology should eventually improve economic efficiency (otherwise,…
Markets:You can’t shake the feeling that there will be at least one more twist in this saga but all signs were positive on Friday as Iran announced the Strait was reopening and Trump said a deal is coming in a day or two. That led to a $10 drop in oil prices and the corresponding price action with bond yields down 6-8 bps late and the Nasdaq up for a 13th straight session. The US dollar sold off and the euro rose as high as 1.1847.Notably though, the US dollar decline didn’t last and completely reversed later. The moves in…