US President Trump says naval blockade will be lifted

US President Trump says naval blockade will be lifted

In a post published on Truth Social on Friday, United States (US) President Donald Trump said that the naval blockade will be lifted and ships caught in the Strait of Hormuz may start the process of “heading home.” “Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must […]

Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data

Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data

USD/CAD reverses its intraday gains on Friday as a softer US Dollar (USD) helps the Canadian Dollar (CAD) recover from weakness driven by softer-than-expected Gross Domestic Product (GDP) figures. At the time of writing, the pair trades around 1.3780 after rising to 1.3829 earlier in the American session. On the geopolitical front, hopes for a […]

Gold approaches $4,600 as US-Iran deal hopes pressure Oil, US Dollar

Gold approaches ,600 as US-Iran deal hopes pressure Oil, US Dollar

Gold (XAU/USD) extends its rebound on Friday as traders assess the prospects of a potential US-Iran deal. At the time of writing, XAU/USD trades around $4,583 after recovering from a two-month low of $4,366 touched on Thursday. Risk sentiment improved after US President Donald Trump said on Friday that “the naval blockade will now be […]