Author: FX
Qatar’s Foreign Ministry spokesperson said that “positive progress” was made on issues related to the Memorandum of Understanding (MoU) following separate meeting of Qatari and Pakistani mediators with the US and Iranian delegation in Doha, CNN reported on Wednesday.The Qatari government spokesperson said that US President Donald Trump’s son-in-law Jared Kushner and US special envoy Steve Witkoff arrived in Doha, Qatar on Tuesday for indirect talks with Iran. The US envoys are speaking with mediators and not directly with the Iranians.In Washington, Trump described the meetings in Doha as very good. “As far as things are going, the denuclearization of Iran is…
AUD/USD shows oversold Williams %R, signaling a possible rebound or continued selloff. Will sellers confirm weakness and push lower, or will buyers stabilize price and trigger a bounce? Source link
The Wall Street Journal is reporting that SpaceX has developed a prototype AI devise to investors. They reportedly showed some investors ahead of the IPO back in June. Prototype unveiled: SpaceX has reportedly showed select investors a prototype of a slim, handset-like AI device ahead of its anticipated IPO back in JuneNot yet a product: The company emphasized the project is still in the early stages, and the design could change or never reach production. AI-first design: The device is intended to run a proprietary operating system and integrate AI technology from xAI, Elon Musk’s artificial intelligence company. Hardware: According…
West Texas Intermediate (WTI) crude Oil remains under pressure on Wednesday as improving crude flows through the Strait of Hormuz push prices back to levels seen before the US-Iran war, overshadowing the latest US inventory data. At the time of writing, WTI trades around $68.13 per barrel, down nearly 2.60% on the day.The US Energy Information Administration (EIA) reported that commercial crude Oil inventories fell by 3.775 million barrels in the week ended June 26, marking a tenth consecutive weekly draw. However, the decline was smaller than market expectations for a 5.1 million-barrel draw and followed a 6.088 million-barrel decline…
Wynnstay H1 2026 slides: Project Genesis lifts profit 12% on flat sales Source link
Reuters is reporting that OPEC+ is likely to raise oil output quotas for August by 188K BPD. OPEC+ will meet on Sunday.The increase would continue OPEC+’s gradual monthly unwinding of its voluntary production cuts. Assuming the group sticks with another 188,000 bpd increase for August, it would remain on track to restore the remaining voluntary cuts over the coming months. For oil prices, the focus will likely shift away from the headline quota increase and toward: Whether actual production can rise by the full amount. Compliance from members such as Iraq and Kazakhstan. Global demand expectations. Geopolitical risks and any…
Attention shifts to Wednesday’s release of the June ISM Manufacturing Purchasing Managers Index (PMI), one of the most closely followed indicators of activity in the US manufacturing sector and an important barometer of the broader economy.Markets expect the headline index to remain unchanged at 54, matching May’s print. That would be the sixth consecutive month with the index above the key 50.0 level that separates expansion from contraction, suggesting manufacturing activity continues to expand despite ongoing challenges.But the story of the manufacturing sector is only part of the story. The broader US economy has continued to prove impressively resilient thanks…
The Break and Retest Indicator MT4 helps reduce that problem by identifying when price breaks an important support or resistance level and then returns to test it before continuing in the same direction. Instead of chasing fast-moving candles, traders can wait for a more structured setup with better risk control.No indicator can predict every market move, but this one gives traders a clear framework for reading price action. When combined with trend analysis and proper money management, it can improve entry timing and reduce emotional trading decisions. Here’s a closer look at how the indicator works and why many MT4…
House price index 0.0% vs 0.0% m/m expectedPrior -0.6%House price index +2.2% vs +2.4% y/y expectedPrior +1.7%The latest snapshot from Nationwide shows that the annual house price growth in the UK moved up a little in June, but arguably owes to base effects for the most part. That as the monthly figure was flattish, with the average price of a dwelling in the UK even falling slightly to £277,484 from £278,024 in May.The overall market remains more tepid but somewhat resilient despite the complications from the Middle East conflict.Nationwide notes that:”It is not surprising that the market has softened a…
Gold (XAU/USD) attracts fresh sellers following the previous day’s good two-way price swings and weakens further below the $4,000 psychological mark through the Asian session on Wednesday. This marks the third straight day of a slide and keeps the precious metal closer to its lowest level since November 2025, touched on Tuesday. Moreover, a bullish US Dollar (USD), bolstered by uncertainty over US-Iran talks and Federal Reserve (Fed) rate-hike bets, suggests that the path of least resistance for the bullion is to the downside.US negotiators Jared Kushner and Steve Witkoff arrived in Qatar on Tuesday for talks about the implementation…