AUD/USD weakens further alongside the rest of its risk-linked peers, breaching below the 0.7000 support and exposing extra weakness in the short-term horizon. The Aussie continues to draw underlying support from sticky domestic inflation and a … [Continue reading]
Breaking: WTI jumps over 6% to top $75 amid US-Iran war risks
West Texas Intermediate (WTI) surges more than 6% on Tuesday, climbing above the $75 psychological mark as the ongoing US-Iran war raises fears of potential oil supply disruptions through the Strait of Hormuz.At the time of writing, the US Crude Oil … [Continue reading]
Asian stocks fall on Iran war risks, South Korea’s Kospi leads losses
Asian equities trade mostly lower on Tuesday as traders remain concerned about the rising tensions in the Middle East. South Korean stocks, the benchmark Kospi, sank as much as 6.9%, the most since August 2024, amid risk-off sentiment. … [Continue reading]
Iranian drones hit US embassy in Riyadh
Iran fired missiles and drones at several Persian Gulf countries, including a drone strike that hit the US Embassy in Saudi Arabia’s capital, Riyadh, CNBC reported on Tuesday.A Saudi Defense Ministry spokesperson said that the US Embassy in Riyadh … [Continue reading]
GBP/JPY Price Forecast: Bullish engulfing pattern puts 211.00 in play
GBP/JPY rises during the North American session on Monday, up by 0.24% after recovering from hitting daily lows of 209.10 amid risk aversion spurred by the Middle East conflict between the US and Iran. At the time of writing, the cross-pair trades at … [Continue reading]
XRP risks extending sell-off amid fading retail demand
Ripple (XRP) remains under pressure, trading around $1.35 at the time of writing on Monday. The remittance token extended its down leg to $1.27 on Saturday after the United States (US), in collaboration with Israel, launched attacks on Iran, killing … [Continue reading]
USD/JPY: Downward pressure seen easing in March – MUFG
MUFG’s Teppei Ino notes that the Dollar’s advance against the Japanese Yen has stalled after the LDP’s landslide Lower House victory, as markets had already priced in the so‑called Takaichi trade and prior intervention warnings. With USD/JPY stuck in … [Continue reading]
SNB: We could intervene against excessive appreciation in Swiss Franc
The Swiss National Bank (SNB) said during European trading hours on Monday that it could intervene in the foreign exchange market in an attempt to ease excessive appreciation of the Swiss Franc.CommentsIn view of the international situation, we are … [Continue reading]
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP under pressure as key supports face breakdown risk
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a … [Continue reading]
Japanese Yen fights for control amid US-Iran war-led intense flight to safety
The Japanese Yen (JPY) is trying hard to regain control against the US Dollar (USD) in a fight to emerge as the traditional safety bet as the war between the United States (US), Israel and Iran enters its third day.The USD/JPY pair is holding modest … [Continue reading]