Author: FX

Silver (XAG/USD) price retreats 0.16% on Friday, consolidating around the $75.00-$76.00 area and is virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70.XAG/USD Price Forecast: Technical outlookSilver looks set to extend its consolidation after breaking below the ascending channel’s support trendline and the 50-day SMA, but the white metal has reclaimed the $75.00 mark.The RSI turned bearish in mid-May and continues to point lower, suggesting sellers are building momentum, but the index turned flat ahead of the weekend.Above, the first resistance for XAG/USD is the 20-day SMA at $77.92, followed by $78.00. A breach of the latter will…

Full report hereTrump did not reach a final decision on a Memorandum of Understanding (MoU) with Iran during a nearly two-hour meeting in the White House Situation Room, according to a senior administration official familiar with the deliberations.The meeting came after Trump publicly suggested that a major breakthrough with Tehran could be imminent, outlining what he described as elements of a possible agreement involving the Strait of Hormuz, Iran’s nuclear activities, and broader regional security arrangements.However, despite the lengthy discussion among senior national security and foreign policy officials, no final approval was given for a new deal, the official said.According…

Gold (XAU/USD) price advanced more than 1.50% on Friday amid news that Iran and the US are close to signing a deal aimed at extending the ceasefire for 60 days to allow negotiations on Iran’s nuclear program. At the time of writing, XAU/USD trades at $4,563, after bouncing off daily lows of $4,489.XAU/USD jumps as ceasefire hopes ease inflation fearsSources familiar with thenegotiations revealed that if an agreement is reached, the Strait of Hormuz will reopen and the US Navy will lift its blockade, allowing the free passage of vessels through the strait. Meanwhile, US President Donald Trump said that…

British Pound rebounds as US Dollar weakens on Iran deal hopesGBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed.A senior Iranian source told Reuters that “a political understanding has been reached between Iran and the US, but it has not yet been finalized.” This comes after reports that both sides reached a proposed 60-day memorandum of understanding (MOU) that would extend the current ceasefire and reopen the…

Hello fellow traders. In this technical article, we are going to present Elliott Wave charts trading setup of  Amazon (AMZN) Stock .  The stock has recently completed a clean 3-wave pullback. Price action developed exactly as anticipated, but our entry was missed by less than $1. More precisely, the correction ended just $0.39 above our entry zone, highlighting the precision of the setup. In the following sections, we will break down the Elliott Wave structure in detail, explain the setup, and outline the target levels.AMZN Elliott Wave 1 hour  chart 05.15.2026AMZN stock is currently developing a wave (2) pullback. From…

GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed.A senior Iranian source told Reuters that “a political understanding has been reached between Iran and the US, but it has not yet been finalized.” This comes after reports that both sides reached a proposed 60-day memorandum of understanding (MOU) that would extend the current ceasefire and reopen the Strait of Hormuz.Meanwhile, US President Donald Trump said in a…

Rate hikes by year-endRBNZ: 75 bps (79% probability of rate hike at the next meeting)ECB: 52 bps (89% probability of rate hike at the next meeting)BoJ: 42 bps (71% probability of rate hike at the next meeting)BoE: 32 bps (94% probability of no change at the next meeting)BoC: 28 bps (99% probability of no change at the next meeting)RBA: 18 bps (93% probability of no change at the next meeting)Fed: 13 bps (99% probability of no change at the next meeting)SNB: 11 bps (97% probability of no change at the next meeting)The main theme of this week has been US-Iran…

No agreement has been finalised with the United States so farThe management of the Strait of Hormuz must be decided by Iran and OmanAt this stage, we are focused on ending the war; we are not negotiating over Iran’s nuclear programIran’s Foreign Ministry spokesperson Esmaeil Baghaei said no final agreement has yet been reached with the United States, pushing back against growing speculation that Washington and Tehran are on the verge of formalizing a broader understanding over nuclear-related issues.Baghaei emphasized that discussions remain ongoing and that reports suggesting a finalized deal are premature. Iranian officials have repeatedly stated in recent…

I don’t see mass unemployment or displacement from AIBarriers to getting sustained productivity growth from AI are largely regulatoryI see green shoots for productivity growth from AIThere’s a lot of promise in AII’m cautiously optimistic about the economyPolicy is in a good placeIt’s important for the Fed to restore price stability, but not at the expense of harming the economyProductivity growth is an important way for growth to expand, allowing companies to hire more workersFed’s Daly expressed optimism about the economic potential of AI, arguing that the technology is more likely to drive productivity gains and support growth rather than…

The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook.The latest Core Personal Consumption Expenditures (PCE) Price Index held steady at 3.3% YoY in April, reinforcing concerns that inflation remains elevated and supporting expectations that the Federal Reserve (Fed) could maintain a restrictive monetary policy stance for longer.Meanwhile, the Japanese Yen has been weighed down by recent domestic data. Tokyo Core Consumer Price Index (CPI) inflation…