Project Freedom paused amid progress toward Iran agreement

Project Freedom paused amid progress toward Iran agreement

US President Donald Trump said that the US military will temporarily pause “Project Freedom” to restore freedom of navigation for commercial shipping through the Strait of Hormuz, the Guardian reported on Tuesday. Trump added that the decision was made at the request of Pakistan and other countries and follows what he called “tremendous military success” during […]

GBP/USD stalls as US data dominates a quiet UK week

GBP/USD stalls as US data dominates a quiet UK week

GBP/USD ended Tuesday near where it started, settling close to 1.3545 after a narrow session capped by resistance around 1.3550. Price has held a roughly 60-pip range across the past two sessions, with overlapping wicks pointing to a market lacking conviction in either direction. With the UK economic calendar quiet through to the weekend, GBP/USD […]

Capped below $75, as momentum remains bearish

Capped below , as momentum remains bearish

Silver price trims some of its Monday losses, recovering some ground up 0.69% in the day, trading at $73.22 after bouncing off a daily low of $72.42. An improvement in risk appetite is underpinning the precious metals segment. Still, the white metal remains capped by the 20-day Simple Moving Average (SMA) at $75.94, a crucial […]