Surges Gold as Middle East Peace Hopes Crush Oil and the US Dollar
Gold (XAU/USD) rallies on Wednesday as the US Dollar (USD) and Oil prices tumble on hopes that the United States and Iran could reach a deal to end the war in the Middle East.
Category forex
Eur/gbp Steadies as Markets Assess UK Political Risks and Ongoing Us-iran Diplomacy Eur/gbp Trades Flat on Wednesday
EUR/GBP steadies as markets assess UK political risks and ongoing US-Iran diplomacy EUR/GBP trades flat on Wednesday after trimming earlier gains as geopolitical headlines surrounding a potential US-Iran peace deal triggered fresh volatility across the FX...
Eur/gbp Steadies as Markets Assess UK Political Risks and Ongoing Us-iran Diplomacy
EUR/GBP trades flat on Wednesday after trimming earlier gains as geopolitical headlines surrounding a potential US-Iran peace deal triggered fresh volatility across the FX market.
Yen Surges on Suspected Japanese Currency Intervention
Traders speculate Tokyo stepped into markets to prop up the yen after a sharp intraday rally against the dollar. The Japanese yen spiked nearly 2% against the US dollar in minutes, triggering speculation that authorities intervened to stem its decline. The move erased earl
Eurozone PMIs Slide Into Contraction as Stagflation Fears Grow
Composite PMI falls below 50, signaling economic contraction amid rising producer prices and weak services activity. Eurozone composite PMI dropped back into contraction territory, reflecting broad economic weakness, particularly in the services sector. The downturn coinci
ECB: Weak Eurozone Pmis Reinforce Stagflation Risk – BNY
BNY highlights a broad Eurozone PMI downturn, with the composite back in contraction and services particularly weak, while producer prices and input costs re‑accelerate. The bank notes markets assume ECB policy cannot diverge much from peers, a view it challenges
US Dollar Slips as US-Iran Deal Prospects Lift Risk Sentiment
Investors pare dollar positions on easing Middle East tensions, while yen strength fuels speculation of potential intervention by Japanese authorities. The US dollar index fell 0.3% to 104.2 as reports of progress in US-Iran negotiations reduced safe-haven demand. The yen
Pound Slides as UK Election Uncertainty Weighs on Investors
Sterling’s recent gains face pressure amid rising political risks ahead of the UK’s July 4 general election. The British pound fell against major currencies as investors brace for potential volatility ahead of the UK’s July 4 general election. Sterling had rallied in recen
USD/CAD Weakness Persists on Technical Downtrend, Scotiabank Says
Scotiabank strategists note USD/CAD remains range-bound as lower oil prices offset improved risk sentiment for the CAD. The USD/CAD pair shows minimal movement as declining oil prices counterbalance improved risk appetite, limiting gains for the Canadian Dollar. Scotiabank
Usd/jpy: Recovery Risks for Carry Trades – Societe Generale Societe Generale Analysts Argue That the Japanese Yen
USD/JPY: Recovery risks for carry trades – Societe Generale Societe Generale analysts argue that the Japanese Yen remains significantly undervalued versus the Dollar on a purchasing power parity basis, with USD/JPY far above fair value near...