Author: FX
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
The U.K.’s April 2026 CPI report came in the middle of one of the year’s most headline-driven weeks, with US-Iran diplomacy whipsawing risk sentiment daily and a newly hawkish Fed adding a secondary layer of dollar volatility on top of the domestic data. Headline inflation slowed more than expected to 2.8% y/y, reinforcing the case for a cautious BOE, but with geopolitical sentiment doing most of the heavy lifting for price action, the data proved secondary to the broader macro forces already in motion. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial…
AUD/USD advances during the North American session, up by 0.70% as the Greenback edges lower while the US and Iran reach a deal to extend a ceasefire by 60 days, which includes the reopening of the Strait of Hormuz. The pair trades at 0.7167 after bouncing off daily lows near 0.7150.AUD/USD Price Forecast: Technical outlookPrice action shows the AUD/USD is consolidating within a nearly 100-pip range, capped on the upside by the 20-day Simple Moving Average (SMA) at 0.7185 and on the downside by the 50-day SMA at 0.7098.Momentum is neutral to bullish, as indicated by the Relative Strength Index…
With London and U.S. markets closed for the holiday, trading activity was lighter across the major stock indices and debt markets. As a result, the primary focus for investors shifted squarely toward developments surrounding the conflict in Iran and the ongoing diplomatic efforts aimed at preventing a broader regional escalation.Both sides acknowledged that significant work still remains, but there appears to be growing hope that negotiators can at least agree to a preliminary Memorandum of Agreement (MOA) that would serve as a framework and starting point for more detailed negotiations down the road. The reported discussions include several key elements:…
According to Nikkei, the US and Iran agreed to extend the ceasefire from early April by 60 days, the newspaper reported, citing a source.The article states that Iran would clear the mines in the Strait of Hormuz within a 30-day window after reaching an agreement, freeing ships and vessels of all countries using the strait, as before the closure. Tehran would stop charging transit fees.A resumption of Iran’s nuclear talks would happen within this two-month pause in hostilities. Washington is expected to lift sanctions on Iran’s assets, but the process would be phased.The deal is expected to be approved by…
Trump links Abraham Accords to any Iran deal Source link
The USDCAD moved sharply lower through April but has turned back to the upside in May. The rebound this month pushed the pair above two key technical levels — the 61.8% retracement of the decline from the March 31 high at 1.38068 and the 200-day moving average at 1.3813. However, buyers have so far struggled to sustain momentum above that resistance zone, putting the breakout attempt in jeopardy.On Friday, the pair reached a high of 1.3822, and today’s rally stalled at 1.3820 before rotating lower once again. The current price near 1.3805 is now trading just below the key 61.8%…
In a post published on Truth Social on Monday, United States (US) President Donald Trump noted that negotiations with the Islamic Republic of Iran are proceeding nicely.”Deal for all or, no Deal at all — Back to the Battlefront and shooting, but bigger and stronger than ever before — And nobody wants that,” Trump added.Meanwhile, Reuters reported that Iranian top negotiator Qalibaf and foreign minister Araqchi are in Doha to meet Qatar’s PM over a potential US-Iran deal to end the conflict.”Discussions in Doha are primarily focused on Strait of Hormuz and highly enriched uranium,” Reuters added and further stated…
One good way to avoid the impulse of forcing trades is by turning your trading rules into habits. Here are some tips to get you there. Source link
Xi hails ’unbreakable’ Pakistan ties, praises Iran peace efforts Source link