Author: FX

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…

The upcoming U.S. ISM manufacturing PMI for May will provide one of the earliest glimpses into how the business sector fared. Will we see any surprises in employment and prices that could impact Fed policy? Source link

Silver price (XAG/USD) gains ground for the second successive day, trading around $75.80 per troy ounce during the Asian hours on Friday. The non-yielding white metal advances following the report that the United States (US) and Iran have tentatively agreed to a 60-day ceasefire extension, easing concerns over inflation and interest rates. This potential breakthrough could allow unrestricted shipping through the crucial Strait of Hormuz, with Iran reportedly committing to clear all maritime mines from the waterway within 30 days.However, traders still adopt caution after CNN reported on Thursday that US President Donald Trump has not yet approved the terms.…

The Rally Base Rally Indicator MT4 is a technical analysis tool designed for the MetaTrader 4 platform. It automatically detects RBR formations on the chart. An RBR pattern typically forms when price rallies strongly, pauses in a tight consolidation range (the base), and then continues upward with another impulsive move. This pattern often reflects institutional buying. Large players build positions during the base phase. Once orders are filled, price pushes higher again. Traders who recognize this structure early can position themselves near the base, aiming to ride the next leg up. Unlike a simple moving average or oscillator, this indicator…

RBNZ Assistant Governor Karen Silk said inflation pressures are building in the near term and the bias is toward rate increases at coming meetings, adding the bank can act without waiting for quarterly CPI data.Summary:RBNZ Assistant Governor Karen Silk said she did not think interest rates needed to increase yet but that near-term inflation pressures are building, per RBNZ remarks dated May 28Silk said the RBNZ does not need to wait for a quarterly CPI print to move and needs to be more forward looking in its approach, per RBNZ remarksSilk said that even if the Middle East conflict ends…

Thursday’s markets were whipsawed by conflicting US-Iran war headlines, swinging from risk-off on renewed Strait of Hormuz clashes to risk-on on ceasefire extension reports. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. API Crude Oil Stock Change for May 22, 2026: -2.8M (-9.1M previous) U.K. Car Production for April 2026: -0.7% y/y (13.5% y/y forecast; -0.8% y/y previous) Australia Household Spending for April 2026: 4.9% y/y (5.5% y/y forecast; 6.3% y/y previous) Swiss Non Farm Payrolls for Q1 2026: 5.54M (5.4M forecast; 5.54M previous) Euro area Economic Sentiment…

The Personal Consumption Expenditures Price Index (PCE) print Sterling traders had been waiting for landed in the bears’ lap, and the Pound did almost nothing with it. Core PCE rose 0.2% on the month against a 0.3% consensus, the softest monthly read in three. The headline equivalent printed 0.4% versus 0.5% expected. The Gross Domestic Product (GDP) revision for Q1 came in at 1.6% annualised, down from the 2% advance estimate. Three dovish data points in one window, and the Pound is sitting near 1.3440, more or less unchanged from where it traded into the 12:30 GMT release. The interesting…

Bitcoin and Ethereum futures have repaired meaningfully from weaker intraday structure, but this is not yet a confirmed bullish reversal. BTC needs acceptance above 74,000, while ETH needs acceptance above 2,030-2,035. Until both assets show stronger positive delta and better follow-through, the crypto market remains in short-term repair mode rather than full bullish reversal mode.Key takeaways for crypto tradersCombined crypto score: +1 to +2 / +10BTC JUN26 score: +1 / +10ETH JUN26 score: +2 to +3 / +10ETH is showing the stronger repair versus BTC.BTC is near a key decision zone around 73,950-74,000.ETH needs to hold above 2,030-2,035 to confirm…

The Australian Dollar advances some 0.25% on Thursday on reports that Iran and the US reached a deal, as economic data in the US revealed that the economy grew at a slower pace than projected. At the time of writing, the AUD/USD trades at 0.7158, after bouncing off daily lows of 0.7097.AUD/USD rebounds as risk appetite improves after Axios ceasefire reportThe US Dollar is falling on Axios news that the US and Iranian negotiators have agreed to a 60-day memorandum of understanding aimed at extending the ceasefire and opening talks on Iran’s nuclear program. Nevertheless, the agreement still awaits final…

Analysis-’Breakneck’ Ebola epidemic in Congo outpaces world’s response Source link