The pair climbs toward a 1.5-week high amid softer USD demand and easing inflation concerns linked to lower oil prices. The GBP/USD pair extended gains during Monday’s Asian session, rising toward 1.3500 as the US Dollar faced broad selling pressure. The move erased last w
The currency pair recovers from a low of 1.1576, climbing past a key Fibonacci retracement as traders assess breakout potential. EUR/USD staged a modest recovery after hitting a low of 1.1576, moving above the 23.6% Fibonacci retracement level of its recent decline. The pa
Thin liquidity expected in European trading as major exchanges operate while US and UK markets remain shut for holidays. European exchanges including Euronext and Xetra will open for trading on Whit Monday, despite it being a public holiday in Germany, France, Austria, and
Secretary of State Marco Rubio states the US will pursue other options if diplomacy with Iran does not yield a satisfactory agreement. US Secretary of State Marco Rubio indicated the US will exhaust diplomatic efforts with Iran but will consider alternative measures if no
AUD/USD trades at 0.7160 after two days of losses The AUD/USD pair is holding a modest bullish bias as it stays above the 50-period Exponential Moving Average (EMA) and marginally over the short-term nine-period EMA. The pair is testing the nine-day EMA barrier at 0.7
Diplomatic progress between the US and Iran weakens the dollar, lifting gold prices amid Fed policy expectations and geopolitical risks. Gold (XAU/USD) rose to a four-day high of $4,580 in Asian trading Monday, supported by hopes of a US-Iran peace deal that weighed on the
US-Iran nuclear deal optimism drives oil prices to two-week lows despite ongoing Hormuz shipping restrictions. Oil prices fell below $100 a barrel to two-week lows as optimism over a potential US-Iran nuclear deal outweighed the continued blockade of Hormuz shipping lanes.
GBP/USD gains 0.35% to near 1.3480 The GBP/USD pair is up 0.35% to near 1.3480 during the Asian trading session on Monday. The Cable trades firmly as market sentiment for riskier assets has improved significantly due to increased hopes of a deal between the United Sta
The Japanese Yen rises against the US Dollar amid optimism over a potential US-Iran agreement to reopen the Strait of Hormuz. The USD/JPY pair fell to 158.85 during Asian trading on Monday, ending a two-day winning streak. The Japanese Yen gained ground as the US Dollar we
Rupee may be undervalued after recent depreciation The rupee's recent slide may have led to it being undervalued in both nominal and real terms. The currency has been approaching the 100-per-dollar mark amid the ongoing West Asia conflict. Despite rising cr
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