Euro weakens below 1.1650 as Trump yet to comment on 60-day truce extension plan

Euro weakens below 1.1650 as Trump yet to comment on 60-day truce extension plan

The EUR/USD pair loses momentum to around 1.1635 during the early European trading hours on Friday. Mixed signals surrounding the US-Iran peace deal remain the primary driver of volatility. Traders will keep an eye on the preliminary readings of Germany’s inflation later on Friday.  The White House confirmed that the US and Iran have reached an […]

WTI falls to near $87.00 on potential US-Iran ceasefire extension

WTI falls to near .00 on potential US-Iran ceasefire extension

West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday. Crude oil prices have declined following reports that the United States (US) and Iran have tentatively agreed to a 60-day extension of their ceasefire, a deal that could potentially permit […]

US-Iran exchange fire near Hormuz as Aircraft claim increases tensions

US-Iran exchange fire near Hormuz as Aircraft claim increases tensions

Newswires reported that the US and Iran exchanged strikes amid rising tensions in the Strait of Hormuz. Recently, Iran’s state TV, citing a local official, reported that a US aircraft was destroyed near Iran’s Bushehr, though there’s no confirmation from the US. The Islamic Revolutionary Guard Corps (IRGC) revealed that it had attacked four ships […]