Author: FX
Panama temporarily suspends some constitutional guarantees in protest-rocked province Source link
Silver (XAG/USD) drops for a third straight day, tracking profit-taking as geopolitical risk premium eases.US President Donald Trump signals two-week window before deciding on possible US intervention in Iran–Israel crisis.The price hovers near $36.00, supported by the 100-period moving average on the 4-hour chart, intraday low is at $35.51.Silver (XAG/USD) remains under pressure for a third day in a row on Friday, retreating further after US President Donald Trump announced he would hold off for two weeks before deciding whether the US should step into the escalating Iran–Israel standoff. This pause has eased some of the geopolitical risk premium that…
It was hoped that negotiations would work and Iran would give in to its nuclear endeavors. That did not happen. Israel attacked. The next hope is that the pounding from Isreal would lead to a truce, a time for negotiations at some point. Iran fought back and had some success but has little in the way of air defenses like the iron dome in Israel. UK, France and Germany are giving their best shot at a truce through negotiations. What we know, however , is that Netanyahu has been one to see the mission complete. That mission is no nukes.The…
AUD/USD slips below 0.6480 as July RBA rate cut bets drag the Australian Dollar lowerThe US Dollar holds firm as Trump delays Iran bombing decision, but ongoing Middle East tensions sustain safe-haven demand.AUD/USD traders await Fed Daly’s speech and June PMI data, key weekend events that could guide the direction of next week.The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, with AUD/USD trading near 0.6480 at the time of writing. Global risk sentiment continues to deteriorate, supporting safe-haven demand for the US Dollar, while domestic weakness and dovish expectations from the Reserve Bank of Australia…
INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar.Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist.Equity benchmarks Sensex and Nifty rally over 1% each, snapping a three-day losing streak.The Indian Rupee (INR) snaps its three-day losing run against the US Dollar (USD) on Friday, recovering modestly after hitting a three-month low the previous day. A softer Greenback and a pullback in Crude Oil prices lent support to the Rupee, as traders digest US President Donald Trump’s two-week delay to decide…
Gold finds support from Trump’s Iran deadline, but US Dollar recovery limits gains.The US Dollar strengthens as markets balance safe-haven flows with evolving rate cut expectations.XAU/USD remains steady as Fed rate cuts are already priced in, but broader central bank caution tempers momentum.Gold (XAU/USD) is edging lower on Friday, trading around $3,368 at the time of writing, as the yellow metal extends its pullback from the weekly high near $3,452 recorded on Monday.However, the broader macro backdrop still favours Gold in the medium term, with ongoing demand from central banks and persistent geopolitical risks offering support. Notably, the World Gold Council…
The euro remains modestly bid against the US Dollar on Friday, amid a softer Greenback and calmer risk tone.US President Trump’s cautious stance on the Israel–Iran conflict reduces fears of immediate escalation, weighing on safe-haven flows.The EUR/USD holds near 1.1510, slightly below the intraday high of 1.1535, while the DXY slips back under 99.00.The Euro (EUR)edges up modestly against the US Dollar (USD) on Friday, capitalizing on a softer Greenback as traders digest a cautious geopolitical signal from the White House. US President Donald Trump’s plan to decide within two weeks on possible US involvement in the Israel–Iran conflict has…
CarMax came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.95%. A quarter ago, it was expected that this used car dealership chain would post earnings of $0.64 per share when it actually produced earnings of $0.64, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. CarMax, which belongs to the Zacks Automotive – Retail and Wholesale…
The Euro slips modestly against the British Pound on Friday, despite a weak UK retail sales print.UK retail sales drop 2.7% in May, the sharpest monthly fall since December 2023.EUR/GBP trades near 0.8530, pulling back slightly from recent two-month highs.The Euro (EUR) edges lower against the British Pound (GBP) on Friday, unable to capitalize on disappointing UK retail sales data released earlier in the day. However, the British Pound remains resilient, still drawing support from the Bank of England’s(BoE) decision to keep its key interest rate unchanged on Thursday, which has helped anchor expectations for a cautious policy path ahead.The…
The role of European powers is now more prominent, as Tehran is unwilling to engage with US amid Israeli attacks.Zero enrichment will undoubtedly be rejected, ‘especially now, under Israel’s strikes’.We need to hear E3’s initiative on the nuclear issue. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link