Asian stocks mixed, KOSPI reaches fresh record highs

Asian stocks show mixed results on Tuesday as traders tracked diplomatic progress regarding the US-Iran conflict. Mediators reported that an agreement to reopen the Strait of Hormuz fully is nearing, providing some relief to the markets. Source link

Market sees increases in long-term rates as reflecting global inflation worries

Market sees increases in long-term rates as reflecting global inflation worries

Bank of Japan (BoJ) Deputy Governor Himino said on Tuesday that the market sees increases in long-term interest rates as reflecting global inflation worries. Himino further stated that the central bank will consider timing and pace of adjustment while monitoring how Middle East developments affect Japan economy, price and examining likelihood of realizing the baseline scenario.  […]

Rises as bulls eye 0.72 breakout

Rises as bulls eye 0.72 breakout

AUD/USD advances during the North American session, up by 0.70% as the Greenback edges lower while the US and Iran reach a deal to extend a ceasefire by 60 days, which includes the reopening of the Strait of Hormuz. The pair trades at 0.7167 after bouncing off daily lows near 0.7150. AUD/USD Price Forecast: Technical […]

British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment

British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment

The British Pound (GBP) strengthens against the US Dollar (USD) on Monday, with GBP/USD climbing toward the 1.3500 mark as improving optimism surrounding a possible US-Iran agreement boosts market sentiment and weighs on the Greenback. At the time of writing, the pair is up 0.54% on the day, hovering near its highest level since May […]