XAG/USD struggles for direction despite US-Iran deal hopes, softer US Dollar

XAG/USD struggles for direction despite US-Iran deal hopes, softer US Dollar

Silver (XAG/USD) trades flat on Friday, failing to capitalize on improving market sentiment surrounding a potential US-Iran peace deal, even as the US Dollar (USD) slides to a two-week low. At the time of writing, XAG/USD trades around $75.60 and is on track to end the week virtually unchanged. US President Donald Trump said on […]

Dow Jones buys the Iran deal Trump described, not the one being negotiated

Dow Jones buys the Iran deal Trump described, not the one being negotiated

The Dow Jones Industrial Average (DJIA) punched out a fresh intraday record near 51,050 with the bid traceable to a Truth Social post in which President Donald Trump declared he would be in the Situation Room making a “final determination” on the US-Iran agreement and laid out terms that sounded suspiciously like a finished deal. […]

Japanese Yen muted amid steady US PCE data

Japanese Yen muted amid steady US PCE data

The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook. The latest Core Personal Consumption Expenditures (PCE) Price Index held steady […]

British Pound rebounds as US Dollar weakens on Iran deal hopes

British Pound rebounds as US Dollar weakens on Iran deal hopes

GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed. A senior Iranian source told Reuters that “a political understanding has been reached […]