Author: FX
Iran may agree to pause nuclear enrichment work temporarily, if US recognizes Tehran’s right to enrich uranium for civilian uses. Temporary halt to nuclear activity under a political agreement would also require US to release frozen Iranian funds.The price of crude oil came off highs which peaked at $62.50 and was trading near $62.34 prior to the headline. The price low off of the news reached to $61.86. The current price is trading back above $62 and $62.15.When you ask, how much do you trust your enemies?—the implied answer seems to be: not much, and perhaps not at all. Temporary…
Gold price recovers to near $3,305 despite increasing hopes for a US-EU trade deal.Russia’s Putin demands that NATO restrict its eastern expansion in writing.Investors await FOMC minutes and the US PCE inflation data for April.Gold price (XAU/USD) trades higher 0.15% to near $3,305 during North American trading hours on Wednesday, following an over 1% sell-off the previous day. The yellow metal ticks up as hopes of a ceasefire between Russia and Ukraine have diminished. Gold price tends to perform better in heightened geopolitical tensions. Russian leader Vladimir Putin has demanded assurance from Western leaders to restrict the NATO enlargement on…
NiseriN/iStock via Getty ImagesTwo workers injured in a May 20 fire on a Chevron (NYSE:CVX) oil platform off the coast of Angola have died, bringing the number of fatalities in the incident to three, government and company officials said late Tuesday. The workers Source link
Food trucks in Gaza raided, underscoring aid distribution problems Source link
Most trading psychology articles focus on minimizing weaknesses rather than identifying and improving one’s strengths. This is probably because there’s a common notion that when you tackle your weaknesses, you automatically enhance your trading performance, but that isn’t always the case. This time around, let’s focus on a different approach by building your strengths first so that you can work around your shortcomings. Before we get ahead of ourselves, what exactly are strengths, and why is it important to identify them? Simply put, a strength is something that you’re good at. But unless you apply that particular strength in achieving…
Swiss federal council consults on impact of US tariffs, agrees on existing instrumentsNo slump in overall economic development currently expectedSo far, there’s not too much progress on this front with Switzerland yesterday saying that they are hoping for a result from talks with the US only in early July. This article was written by Justin Low at www.forexlive.com. Source link
US Dollar (USD) rebounded from lower grounds, owing to upside surprise from US consumer confidence and progress with EU-US trade talks. DXY was last at 99.56 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum is not showing a clear bias”Elsewhere chatters of month-end USD buy flows may also have contributed to the USD rebound. Daily momentum is not showing a clear bias while RSI rose. Consolidation, with risks to the upside is not ruled out in the near term. Resistance at 100.1 (21 DMA), 100.80 (23.6% fibo retracement of 2025 peak to trough). Next support at…
Zelenskiy says Russia has gathered 50,000 troops for offensive on northern Ukraine Source link
EUR/USD is trading near a major area of interest ahead of this week’s potential market catalysts! Will the pair extend a weeks-long trend in the next few days? We’re zooming in on EUR/USD’s 4-hour chart! EUR/USD 4-hour Forex Chart by TradingView The euro gave back some of its weekly gains against the U.S. dollar as demand for the Greenback picked up after stronger-than-expected core durable goods orders and solid consumer confidence data. U.S. bond demand also rose as traders dialed down their global trade worries. But with the FOMC meeting minutes coming up, and some ECB officials hinting there’s no…
As expected, the RBNZ lowered interest rates from 3.50% to 3.25% in their May decision, marking its sixth easing move since starting their rate cut cycle in August 2024. The official statement revealed that policymakers balanced domestic inflation pressures against mounting global economic uncertainties driven by escalating trade tensions. Key Takeaways: RBNZ reduced OCR by 25bp to 3.25% in a 5-1 majority vote Annual CPI rose to 2.5% in Q1 2025, remaining within the 1-3% target band International trade tensions and policy uncertainty expected to dampen New Zealand’s economic recovery Underlying inflation measures continue to trend lower despite headline uptick…