Author: FX
Al Jazeera reporter, Ali Hashem, posted on X:”A highly informed source tells me that Trump’s post on the “Truth Social” platform regarding lifting the siege was actually the first condition before moving on to the rest of the agreement steps. And according to the source, Tehran insisted on an official and public announcement first. It seems that Trump tried to present the matter as a secondary detail among larger files, while Iran considers it an essential step to build trust before entering the more sensitive files. So far, direct discussions on the nuclear file itself have not been opened. The…
Iran must agree they’ll never have a nuclear weapon or bombThe Hormuz Strait must be immediately open, no tollsThe US naval blockade will now be liftedUranium will be unearthed by the US in coordination Iran, plus the International Atomic Energy Agency, and destroyedAll water mines, if any, will be terminatedNo money will be exchanged until further noticeOther items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determinationPresident Trump indicated that a potential agreement with Iran may be nearing completion, outlining a series of conditions related to Tehran’s…
British Pound edges lower towards 1.3400 as BoE Bailey buys timeThe British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1.3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in the near future, while US data adds pressure on the Federal Reserve (Fed) to tighten its monetary policy.Bailey affirmed at an economic meeting in Reykjavik that ”there is a case for tolerating temporarily above target inflation,” and added that economic activity and the labour market are weighing on second-round…
Corporate restructuring frequently involves sweeping operational shifts. X Open Hub takes a different approach, transitioning to the name ‘XTB Institutional.’ The rebranding serves a specific function: it aligns the B2B liquidity provider directly with the parent company. A clear connection to XTB Group provides immediate recognition regarding financial backing and corporate governance. The underlying business model continues without alteration. Existing clients experience their trading infrastructure without any planned disruptions. The objective centres on clarity. Institutional clients need absolute certainty regarding the entities handling their order flow. A unified corporate identity removes unnecessary complexity from the due diligence process.Maintaining focus on…
The EUR/USD pair trades subduedly at around 1.1640 during the European trading session on Friday. The major currency pair edges down as the US Dollar (USD) ticks higher, with investors awaiting United States (US) President Donald Trump’s approval OF the 60-day Memorandum of Understanding (MoU) with Iran.At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is marginally up to near 99.10, but is still close to its Thursday’s low of 98.95.On Thursday, media reports showed that the US-Iran agreement of a 60-day MoU has been finalized, which includes uninterrupted energy flows through…
The Depth of Market Indicator MT4 (often called DOM) displays real-time buy and sell orders at different price levels. In simple terms, it shows how much volume is waiting above and below the current market price. Unlike traditional oscillators such as RSI or MACD, this tool focuses on order book data. It presents a ladder-style view where: Bid orders (buyers) appear below current price Ask orders (sellers) appear above current price Volume size indicates potential support or resistance For example, if EUR/USD is trading at 1.0850 and the indicator shows a large cluster of sell orders at 1.0860, that level…
Two major central bank decisions are coming up fast: the ECB on June 11 and the Fed on June 16 to 17. The ECB is widely expected to hike for the first time since 2023, while the Fed is still stuck between stubborn inflation and softer growth. EUR/USD is sitting near a six-week low, caught between a narrowing rate gap and a dollar that still has not rolled over. Multi-Timeframe Technical Breakdown EUR/USD: Weekly EUR/USD Weekly Forex Chart Faster with TradingView Long term, the euro still has the edge. EUR/USD surged from its 2025 low near 1.0200 to a January…
In a single morning, the U.S. government dropped two massive pieces of data: the updated scorecard for economic growth (GDP) and the Federal Reserve’s absolute favorite inflation gauge (the Core PCE price index). The tricky part was that growth looked soft, but inflation was still stubbornly high. Let’s break down what the reports showed, how they could shape the Fed’s next move, and what it all means for your trades. The GDP Downshift: Muscle vs. Mirage The Bureau of Economic Analysis (BEA) released its second estimate of Q1 2026 gross domestic product — the revised version, incorporating more complete data…
USD/CAD’s upswing looks like it’s running into trouble at a key resistance zone. Will the pair turn lower in the next trading sessions? Source link
At the end of it, this will be framed as a “deal to put an end to the conflict”. However, what it actually will be is a memorandum of understanding to lay out the necessary preconditions to facilitate nuclear discussions. And that means extending the actual negotiations phase by another 60 days.Markets remain optimistic on the face of it but looking through it all, a lot will depend on what happens with the Strait of Hormuz.While the US and Iran are still squabbling about some details, both sides know very well the puzzle pieces that are needed to complete the…