Author: FX
WTI Oil surges above $72 as Israel-Iran tensions trigger a breakout.Gains for June are near 20%, pushing prices above key Fibonacci levels from longer-term moves.The 12-month moving average provides additional support below $70.WTI crude oil is surging amid escalating geopolitical tensions, with Israel’s recent strikes on Iran fueling a rally that pushed prices above the $74.00 handle on Friday. At the time of writing, WTI is trading just below $72.00 after Iran responded with its own missile barrage, marking a near 20% gain for June and reversing much of the weakness observed earlier this year.Despite broad-based pressure in the first…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The S&P, Nasdaq and Dow had their worst day since May 21 as geopolitical risk from Israel’s strike on Iran, and Iran’s counterstrike on Isreal gave traders a reason to sell.At the close, the major indices are all down by -1.13% or more. A look at the final numbers shows:Dow Industrial Average fell -769.83 points or -1.79% at 42197.79. The price is closing below its 200-day moving average at 42502.38, and its 100-day moving average at 42233.09.S&P index fell -68.29 points or -1.13% at 5976.97. The S&P tested but held support against its 100-hour moving average at 5964.44. The low…
The Canadian Dollar found more gains off the back of US Dollar selling pressure.A lack of meaningful Canadian economic data means Loonie gains are at the mercy of market flows.Middle East geopolitical tensions are back on the rise, keeping risk appetite under wraps but boosting Crude Oil prices.The Canadian Dollar (CAD) caught yet another bid on Friday, climbing into new eight-month highs as the US Dollar (USD) holds in place and Crude Oil prices surge. Geopolitical tensions are back on the rise after Israel launched a surprise attack on Iranian nuclear facilities late Thursday, pushing investors off their risk-on perch,…
Next week will be a pivotal one for global monetary policy, with key central banks scheduled to announce their latest decisions. The Bank of Japan (Tuesday), Federal Reserve (Wednesday), Swiss National Bank (Thursday), and Bank of England (Thursday) will all hold policy meetings. While the BOJ, Fed, and BOE are widely expected to keep rates unchanged, the Swiss National Bank is projected to cut rates by 25 basis points to 0.0%.The main spotlight will fall on the Federal Reserve, not only for its rate decision but also for its updated economic projections and the release of its closely watched dot…
GBP/USD plunges as Israel-Iran conflict rattles markets, boosts US Dollar GBP/USD is tumbling over 0.40% on Friday as geopolitical tensions triggered a flow towards the US Dollar (USD) haven status after Israel launched an attack on Iran, which escalated the Middle East conflict. The pair traded near 1.3550s after hitting a three-year peak of 1.3632. Read More… Pound Sterling corrects sharply against US Dollar amid Iran-Israel conflict The Pound Sterling (GBP) underperforms against its major peers on Friday, except for antipodean currencies, as market sentiment turns risk-averse amid escalating geopolitical tensions in the Middle East. Read More… GBP/USD tumbles below…
Euro hit hard despite stable EU inflation data as geopolitical tensions boost US Dollar.Israel’s strike on Iran triggers safe-haven flows into the Dollar; EUR/USD drops from 1.16 to 1.1488 intraday.Tehran cancels nuclear talks; risk sentiment deteriorates, overshadowing soft US inflation.Eurozone industrial output contracts sharply; German CPI steady at 2.1%, but French and Spanish inflation slip below ECB target.EUR/USD ends four-day winning streak, prints losses on Friday as risk appetite takes a hit after Israel launched an attack on Iran, boosting the safe-haven appeal of the US Dollar (USD). At the time of writing, the pair trades around 1.1530, down 0.36%.Sentiment…
The IAEA (International Atomic Energy Agency) Grossi is saying:Above ground plant where Iran was producing uranium enriched of up to 60% uranium has been destroyedNo indication of attack on underground enrichment halls at Natanz, but an attack on the power supplies may have damages centrifugesThere is radiological and chemical contamination inside facilites at NatanzIran says Esfahan nuclear site hit by Israel. This article was written by Greg Michalowski at www.forexlive.com. Source link
The AUD/USD falls on rising geopolitical risks and a lack of fresh fundamental drivers in Australia. The US Dollar gains after Israel attacks Iran’s nuclear facilities, impacting demand for the Australian Dollar.The pair continues to be influenced by monetary policy expectations of both the Reserve Bank of Australia and the Federal Reserve.The Australian Dollar (AUD) is weakening against the US Dollar (USD) on Friday, with price action being guided by a combination of factors. The two primary drivers of the recent move have been increasing geopolitical risks and interest rate expectations, which are likely to continue influencing near-term price movements.At the time…
Israel this morning that Iran will pay a heavy price for its missile attack on populated areas: Israel may hit energy facilities in responseIf Israel attacks Kharg Island, that would be a big thing:Kharg Island is critically important to Iran’s oil industry—both strategically and economically. Here’s why:Location & InfrastructureSituated in the Persian Gulf, about 25 km off the Iranian mainland.It serves as Iran’s largest oil export terminal, handling the vast majority of the country’s crude exports.Features include:Massive storage facilitiesMultiple loading docks for Very Large Crude Carriers (VLCCs)Pipelines connecting to Iran’s southern oil fieldsExport CapacityHandles over 90% of Iran’s oil exports…