Author: FX

This week’s financial markets resembled a high-stakes juggling act, with traders scrambling to balance dynamic Middle East developments against a central banking circus that would make any ringmaster dizzy. Oil prices took traders on a wild ride, plummeting from the mid-$76s to $70 on Monday’s peace hopes before rocketing back toward $76 as Israel-Iran tensions simmered. Trump’s announcement of a two-week decision deadline on potential U.S. involvement finally gave the bulls room to breathe. Meanwhile, central banks seemed determined to outdo each other’s surprises. The Fed toned down rate cut expectations, Switzerland slashed rates to zero, and ECB…

Hundreds of US citizens left Iran in last week, State Dept cable says Source link

GBP/USD dips after UK Retail Sales slump, Dollar finds footing on trade jitters The Pound Sterling registers minimal losses during the North American session, after UK Retail Sales data disappointed investors, while the Greenback recovers some ground.  Currently, the GBP/USD is trading at 1.3456, down 0.07%. Read More… Pound Sterling trades higher even as UK Retail Sales decline sharply in May The Pound Sterling (GBP) trades firmly against its major peers on Friday despite United Kingdom (UK) Retail Sales data declined sharply in May. Read More… UK Retail Sales decline 2.7% MoM in May vs. -0.5% expected The United Kingdom…

EUR/USD up 0.36%, set to end week flat after Trump delays military action against Iran.Waller’s call for a July cut contrasts with Fed report and Barkin’s cautious stance.EU–US trade deal in jeopardy as July 9 deadline nears, capping upside potential.The Euro recovers some ground against the US Dollar on Friday and is set to finish the week virtually flat as risk appetite deteriorates. This is taking place despite US President Donald Trump delaying a military intervention in the Israel–Iran conflict. At the time of writing, the EUR/USD trades at 1.1534, up 0.36%.Market appetite has turned negative due to US trade…

Gold trades flat near $3,369, on track for a weekly loss of nearly 1.90%.Trump backs off immediate Iran action, boosting risk sentiment and denting safe-haven demand.Fed officials split on rate outlook; Waller eyes July cut, Barkin stays cautious.Gold price trades flat on Friday and is poised to end the week with a nearly 1.90% loss, after US President Donald Trump delayed taking military action against Iran, opting instead for a diplomatic solution. At the time of writing, XAU/USD trades at $3,369, down 0.11%.Sentiment turned sour outside of geopolitical events, related to “US may revoke waivers for allies with semiconductor plants…

21 of 26 economists forecast Banxico will cut rates from 8.50% to 8.00% next week.Deputy Governor Heath signals caution, favoring a pause to assess data.Majority see easing pace slowing, with rates likely at 7.50% by Q3 2025.Banco de México (Banxico) is projected to continue its easing cycle next week, despite the latest inflation reports in Mexico suggesting that risks are tilted to the upside. Inflation in May came above the bank’s 3% target, increasing concerns that the central bank would continue to reduce rates.Most economists expect a fourth straight 50 bps cut, though calls grow for a slower pace aheadOn…

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…

So far the economy is in a good place and so is policyConcerns about tariff impact on inflation aren’t as large as they were when they were first announcedMany possibilities on how much of tariffs pass through to customersFundamentals of economy are moving to where an interest rate cut may be necessaryCEOs have cautious optimism on tariffsI look more to the autumn rather than July for a rate cutUnless we see a faltering labor market, autumn looks more appropriateThis is a pushback against Waller from earlier but it’s not a surprise to the market, which is pricing a 15% chancee…

The broader US indices are closing lower on the day. The Dow 30 did close marginally higher.Dow industrial average rose 35.16 points or 0.08% at 42206.82.S&P index fell -13.033 points or -0.22% at 5967.84NASDAQ index fell -98.86 points or -0.51% at 19447.41For the trading week indices were little changed:Dow industrial average closed up 0.02%S&P index fell -0.15%NASDAQ index rose 0.21%With all the uncertainty, the stock market seems to be ironically losing some of its volatility. Last week the major indices were little changed and that trend continued this week. This article was written by Greg Michalowski at www.forexlive.com. Source link

GBP/JPY up 0.43%, on track for weekly gain over 0.40% amid resilient buyer momentum.Pair nears June 17 high at 196.83; close above 197.00 could open path to 198.00.RSI remains bullish; downside risks emerge below 195.29 Tenkan-sen support.The GBP/JPY recovers and rallies for the second straight day, is up 0.43%, trades at 196.59, shy of reclaiming the 197.00, poised to finish the week with gains of over 0.40%. Market mood remains sour, but it was not an excuse for buyers to lift the cross-pair to fresh three-day highs.GBP/JPY Price Forecast: Technical outlookThe GBP/JPY pair remains consolidating, ahead of breaking the June…