Author: FX
USD/JPY trades above 144.00 as safe-haven flows boost the US Dollar amid rising Middle East tensions.BoJ is expected to hold rates steady, limiting support for the Yen despite earlier hawkish signals from Governor Ueda.Japan and the US prepare to meet at the G7 summit in Canada, where the two nations are expected to discuss bilateral relations and negotiate over tariffs.The Japanese Yen (JPY) is trading weaker against the US Dollar (USD) on Friday, as geopolitical tensions and central bank policy divergence drive market flows. USD/JPY has staged a modest rebound, trading above 144.00 at the time of writing, as demand for…
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Bullion rallies to five-week high amid geopolitical tension and dovish Fed outlookIsrael strikes Iran, fueling fears of broader war and driving flight to safety into Gold.XAU/USD hits $3,446 before easing on profit-taking; eyes next week’s Fed decision and US data slate.Gold price rallied for the third consecutive day after the Israel-Iran conflict erupted on Friday, triggering a risk-off mood in financial markets as fears that it could escalate loom. At the time of writing, XAU/USD trades at $3,422, up more than 1%.Several factors underpin bullion. On Friday, Israel’s attack on Iran’s military installations, nuclear facilities and senior officials augmented tension…
Sky news is reporting Israeli army:Destroyed a facility for producing metallic uranium, infrastructure for converting enriched uranium, and laboratories in Isfahan This article was written by Greg Michalowski at www.forexlive.com. Source link
The USD/CAD pair has fallen below 1.3600, which is now providing resistance.Israel’s attack on Iran fails to support a broader recovery for the US Dollar.Inflation expectations in the US continue to decline, putting pressure on the US Dollar.The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) in the American session on Friday, with the Loonie erasing gains from earlier sessions.At the time of writing, USD/CAD is trading back below 1.3600, with prices currently testing the lowest levels in eight months.Friday’s headlines were dominated by reports that Israel had targeted Iranian nuclear facilities and apartment complexes, reportedly killing…
Solution Financial press release (OTCPK:SLNFF): Q2 Adjusted net income(1) increased to C$58,192 compared to adjusted net income of C$28,856 in the comparative quarter. Revenue increased to C$2,710,162 compared to C$2,233,770 in the comparative quarter. More on Solution Financial Source link
The Dow Jones fell around 1,000 points from the previous day’s close on Friday.Israel launched a surprise round of attacks on Iran late Thursday.The attacks, amid an already-tense Middle East, have erased the week’s gains on the Dow.The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 1,000 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum.Equity markets, riding the AI-fueled tech rally that has kept them propped up in a post-tariff environment, took the opportunity to…
GBP/USD drops over 0.40%, pressured by weak UK data and BoE-Fed policy divergence, which favors the Dollar’s strength.Israel strikes Iranian nuclear and military sites; Iran retaliates with drone barrage, fueling global risk-off mood.The US Dollar rallies on safe-haven flows and upbeat University of Michigan sentiment report for June.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.Sterling drops from yearly high as war fears and…
Gold prices remain firm as markets focus on Israel’s attacks on Iran. XAU/USD continues to climb, with prices holding firm above $3,400 while US equities and risk assets plunge.Michigan consumer sentiment and expectations beat estimates, with inflation expectations falling. But ‘risk-off’ tone remains.Gold (XAU/USD) is extending its gains as Israel’s attacks on Iran continue, supporting demand for the safe-haven precious metal.At the time of writing, Gold is trading near $3,430, with a surge in bullish momentum potentially opening the door for a retest of the $3,500 record high in the near term.The attacks by Israel on Iran’s nuclear facilities have resulted…
Despite better than expected University of Michigan sentiment, stocks have moved to new session lows and yields have moved to new session highs. The US bonds have also decoupled from the flight to safety flows normally seen in times of geopolitical stress.For the NASDAQ index, it is moving closer to its rising 100 hour moving average and 19349.45. The low price just reached 19425.68. The current price is down -231.2 or -1.18% at 19431.For the S&P index, it is still a decent distance away from its rising 100 hour moving average at 5953.64. The low price reached 5983.83 so far…