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
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
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 […]
Gold climbs on US‑Iran ceasefire progress as Fed rate hike bets fade
Gold (XAU/USD) price advanced more than 1.50% on Friday amid news that Iran and the US are close to signing a deal aimed at extending the ceasefire for 60 days to allow negotiations on Iran’s nuclear program. At the time of writing, XAU/USD trades at $4,563, after bouncing off daily lows of $4,489. XAU/USD jumps […]
XAG consolidates near $75.50 as bears eye 200-day SMA
Silver (XAG/USD) price retreats 0.16% on Friday, consolidating around the $75.00-$76.00 area and is virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70. XAG/USD Price Forecast: Technical outlook Silver looks set to extend its consolidation after breaking below the ascending channel’s support trendline and the 50-day SMA, but the white metal has reclaimed […]
The US Dollar fell as ceasefire hopes supported risk sentiment
The US Dollar Index (DXY) fell toward the 98.90 region on Friday as improving market sentiment linked to developments in the Middle East reduces demand for safe-haven assets. Although the latest United States (US) Core Personal Consumption Expenditures (PCE) Price Index on Thursday held steady at 3.3% YoY in April, reinforcing expectations that the Federal […]
Euro rises as US-Iran deal hopes sink US Dollar and Oil
The EUR/USD pair edges up by 0.12% on Friday as the US Dollar (USD) drops amid hostilities in the Middle East, while a US-Iran deal is reportedly pending approval by the White House and senior Iranian officials. At the time of writing, EUR/USD trades at 1.1664. EUR/USD gains as Hormuz reopening hopes pressure US Dollar […]
We have no trust in guarantees or words
In a post published on X on Friday, Iran’s top negotiator Mohammad Baqer Qalibaf said they have no trust in guarantees or words, and added: “Only actions are the measures, no action will be taken before the other side acts.” “The winner of any agreement is the one who prepares better for war from the […]
British Pound edges lower towards 1.3400 as BoE Bailey buys time
The British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1.3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in the near future, while US data adds pressure on the Federal Reserve (Fed) to […]
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 […]
