Author: FX
Gold (XAU/USD) trades with a downside bias on Thursday, struggling to build on the previous day’s rebound from seven-week lows as markets digest fresh headlines surrounding the US-Iran war. At the time of writing, XAU/USD trades around $4,504, down nearly 0.85% on the day.In the latest developments, Reuters reported earlier on Thursday, citing two senior Iranian sources, that Iran’s Supreme Leader has ordered that near-weapons-grade uranium must remain inside the country. The report dampened hopes for a near-term breakthrough in negotiations as limiting Iran’s nuclear programme remains one of Washington’s main demands and could complicate ongoing efforts to end the…
Factbox-Countries condemn Israeli minister’s treatment of Gaza flotilla activists Source link
The risk mood takes a hit from the headlines with S&P 500 futures now dropping by 0.3% on the day. More to come.. This article was written by Justin Low at investinglive.com. Source link
Rabobank’s RaboResearch team, led by Michael Every and Joe DeLaura, argues that the Iran War could accelerate a shift from unified Oil markets toward Balkanised pricing blocs. They highlight historical precedents of fragmented energy and FX markets, warn that energy may increasingly move via geopolitically constrained supply chains, and stress that this is a scenario analysis rather than a formal forecast.From one price mantra to energy blocs”Whether the US wins or loses the Iran War, energy supply chains are already moving because of it, and after it is over they are likely to shift significantly further – we are just…
Australia’s labour market delivered a sharp negative surprise in April, with employment falling for the first time since November and the unemployment rate climbing to its highest level since late 2021. The miss against expectations raised doubts about near-term RBA tightening and sent the Australian dollar broadly lower. Key Takeaways Employment fell 18,600 (m/m) in April to 14,737,400, badly missing forecasts for a gain of around 15,000 and reversing March’s upwardly revised rise of 23,300 The unemployment rate rose 0.2ppt to 4.5%, the highest since November 2021, against forecasts for a steady 4.3% Full-time employment declined 10,700 to 10,160,900, while…
The accurate buy sell signal indicator for MT4 promises to fix that. It marks entry points directly on the chart — arrows or labels showing exactly where to buy or sell. No interpretation needed. But does it deliver? Here’s an honest look at how this tool works, where it adds real value, and where traders need to stay cautious. How the Accurate Buy Sell Signal Indicator Actually Works The indicator doesn’t use a single calculation. Most versions combine two or three underlying components — typically a trend filter (like a moving average crossover or ADX), a momentum oscillator (often a…
Summary bullets:Nvidia beat top and bottom line estimates, announced an $80bn share buyback and a 25-fold dividend increase, but shares traded flat to lower post-earnings; US equity futures gave back some prior session gainsSpaceX filed for a Nasdaq IPO under ticker SPCX shortly after the Nvidia announcement, with Elon Musk retaining 85.1% combined voting power through a dual-class share structureJapan’s April exports rose 14.8% year-on-year, well above the 9.3% forecast, producing a surprise trade surplus of 301.9bn yen; crude oil import volumes collapsed 64%, their steepest fall since 1980Japan’s flash composite PMI eased to 51.1 in May from 52.2 in…
This week, the U.K. dropped a double whammy of economic data, with fresh labour market figures printing on Tuesday and April inflation numbers following on Wednesday. Four Bank of England policymakers, including Governor Andrew Bailey, then sat before parliament to explain what it all means. The short version is that inflation is cooling on the surface, the jobs market is showing real cracks, and the central bank is more divided than ever about what comes next. Let’s slow it down and follow the chain: The Labour Market Paradox: Soft on the Surface, Sticky Underneath The U.K. labor market is looking…
The GBP/USD pair holds steady around 1.3435 during the Asian trading hours on Thursday. However, a sharp slowdown in UK inflation and uncertainty surrounding US–Iran talks could weigh on the British Pound (GBP) against the US Dollar (USD). Traders await the preliminary readings of the Purchasing Managers’ Index (PMI) for May from the UK and the US, which are due later on Thursday. The UK headline Consumer Price Index (CPI) inflation eased to 2.8% over the year in April from 3.3% in March, the Office for National Statistics (ONS) showed on Wednesday. This figure came in softer than the expectation of 3.0%. Additionally, the…
Gold has been struggling to find its direction lately, but it looks like a fresh trend is picking up for the precious metal. Is it time to go with the flow? Source link