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Brent at $80: Did the market buy the Iran deal twice?
1+ hour, 51+ min ago (507+ words) The problem is that the market ran this exact trade in April, priced the all-clear inside a single session, and got run over within hours when the people who can actually break the ceasefire were never asked to sign it....
Gold answers to the Fed, not the fear
2+ hour, 4+ min ago (503+ words) A downside surprise is the bulls' clearest escape route, offering room for a relief bounce. The one wrinkle is positioning, with the hourly Stochastic Relative Strength Index (Stoch RSI) swung back toward overbought after the bounce off this week's low,…...
The Canadian Dollar ditches Crude Oil for Gold
1+ hour, 58+ min ago (430+ words) What makes the move striking is that this is not simply a story about Canada falling apart. The domestic picture is mixed rather than broken: a strong May jobs report sits alongside Friday's soft retail sales; the Loonie's slide owes…...
The Australian Dollar looks for an excuse to break ranks
2+ hour, 2+ min ago (513+ words) Next week finally gives the Aussie a domestic slate to trade. Australia's monthly Consumer Price Index (CPI) for May lands on Wednesday at 01: 30 GMT, with the annual rate seen ticking up to 4. 3% and the trimmed mean, the RBA's preferred core…...
Commodities FX Related
6+ hour, 15+ min ago (319+ words) After bottoming out near 1. 3160, GBP/USD manages to regain a bit of shine and reclaim the 1. 3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses,…...
Silver Price Forecast: XAG slides below 200-day SMA, bears target $61
3+ hour, 49+ min ago (505+ words) Silver price tumbles for the third consecutive trading day, down by over 3. 32% on Friday, courtesy of broad US Dollar strength, and rising US Treasury yields, which have aimed higher since Wednesday, due to the Fed hawkish tilt. Silver price continued…...
NZD/USD Price Forecast: Slumps further below 200-day SMA, eyes on 0. 57
6+ hour, 20+ min ago (529+ words) The New Zealand Dollar dives for the third consecutive day, down in the week by over 1. 48%, after hitting two-month lows of 0. 5722 against the Greenback. The NZD/USD trades at 0. 5738, down 0. 25% on the day. After the Reserve Bank of New Zealand's…...
Japanese Yen pares losses as US Dollar momentum fades despite hawkish Fed stance
7+ hour, 24+ min ago (491+ words) The USD/JPY pair trades near 161. 00 on Friday, easing slightly after reaching a two-year high of 161. 81 on Thursday, and breaking a five-day winning streak for the US Dollar (USD). The Japanese Yen (JPY) remains fragile as pressure mounts over a…...
Pound Sterling Price News and Forecast: GBP/USD rebounds as holiday-thinned trade slows USD bulls
7+ hour, 50+ min ago (317+ words) After bottoming out near 1. 3160, GBP/USD manages to regain a bit of shine and reclaim the 1. 3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses,…...
Burnham gets ready to challenge Starmer, as Oil moves higher
16+ hour, 52+ min ago (868+ words) The focus on Friday could shift to Europe, as the US markets are closed for a holiday, and after a week of intense focus on US tech. Below, we look at the three things to watch as we end the…...