Author: FX
The AUD/USD falls on rising geopolitical risks and a lack of fresh fundamental drivers in Australia. The US Dollar gains after Israel attacks Iran’s nuclear facilities, impacting demand for the Australian Dollar.The pair continues to be influenced by monetary policy expectations of both the Reserve Bank of Australia and the Federal Reserve.The Australian Dollar (AUD) is weakening against the US Dollar (USD) on Friday, with price action being guided by a combination of factors. The two primary drivers of the recent move have been increasing geopolitical risks and interest rate expectations, which are likely to continue influencing near-term price movements.At the time…
Israel this morning that Iran will pay a heavy price for its missile attack on populated areas: Israel may hit energy facilities in responseIf Israel attacks Kharg Island, that would be a big thing:Kharg Island is critically important to Iran’s oil industry—both strategically and economically. Here’s why:Location & InfrastructureSituated in the Persian Gulf, about 25 km off the Iranian mainland.It serves as Iran’s largest oil export terminal, handling the vast majority of the country’s crude exports.Features include:Massive storage facilitiesMultiple loading docks for Very Large Crude Carriers (VLCCs)Pipelines connecting to Iran’s southern oil fieldsExport CapacityHandles over 90% of Iran’s oil exports…
The price of July crude oil futures are settling up $4.94 or 7.26% at $72.98 This article was written by Greg Michalowski at www.forexlive.com. Source link
Major US stock indices are moving to session lows. The Dow industrial average is now down around 850 points or -1.98% at 42114.88. The S&P index is down -78 points or -1.25% at 5969.73. The NASDAQ index is down -283.1-1.44% at 19379.62Both the NASDAQ and the S&P index are testing their 100-hour moving averages. For the S&P index the 100 hour moving average is at 5962.84. The low price reached 5964.26, just above the 100 hour moving average.For the NASDAQ index the 100-hour moving average is at 19384.13. The current prices are just above those levels.. The low price just…
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