Author: finadmin

Hovering around 0.7800 as bears lose steam

Hovering around 0.7800 as bears lose steam

The US Dollar (USD) posts moderate losses against the Swiss Franc (CHF) on Wednesday, but remains trading within previous ranges, with price action fluctuating around 0.7800, halfway through the weekly trading band. A cautious market mood, as hopes of a swift end to the US-Iran war wane, is keeping US Dollar crosses steady on Wednesday. […]

Asymmetric risk skew on ceasefire and Fed politics – Commerzbank

Asymmetric risk skew on ceasefire and Fed politics – Commerzbank

Commerzbank’s Michael Pfister argues that the extended ceasefire with Iran and ongoing closure of the Strait of Hormuz keep global inflation risks elevated, even if EUR/USD does not currently reflect this. He notes that renewed tensions would likely support the US Dollar (USD) more than a deal would lift the Euro (EUR), and that political […]

Gold rises as US‑Iran ceasefire hits USD; upside seems limited

Gold rises as US‑Iran ceasefire hits USD; upside seems limited

Gold (XAU/USD) gains some positive traction during the Asian session on Wednesday and moves away from a one-week low, around the $4,669-$4,668 region, touched the previous day. The US Dollar (USD) edges lower in reaction to a temporary extension of the US-Iran ceasefire, turning out to be a key factor that offers some support to […]