Silver price falls more than 1% after gapping down over the weekend as pessimism overtook last Friday’s upbeat mood, as the Strait of Hormuz was closed and the US escalated tensions after seizing an Iran-flagged vessel. XAG/USD trades at $79.78, … [Continue reading]
WTI Oil rebounds from recent lows as US-Iran tensions revive supply concerns
West Texas Intermediate (WTI) US Oil trades around $87.10 per barrel on Monday, gaining 3.80% on the day at the time of writing, as geopolitical tensions in the Middle East revive concerns about global supply disruptions.The rebound follows a sharp … [Continue reading]
Canada CPI expected to climb above BoC target in March
Canada’s economic docket opens on Monday with the key Consumer Price Index (CPI) figures for March, which will be closely watched to gauge the inflationary impact of the war in Iran. The data, released by Statistics Canada, is likely to confirm a … [Continue reading]
EUR/USD: Limited upside as longer-term Dollar risks grow – Commerzbank
Commerzbank’s Thu Lan Nguyen argues that in the short term EUR/USD gains are capped as markets may be overestimating the European Central Bank's (ECB) reaction to the latest inflation shock. She notes the Euro (EUR) and Pound (GBP) have held up … [Continue reading]
WTI climbs above $86.50 on renewed US–Iran Strait of Hormuz tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.70 during the Asian trading hours on Monday. The WTI price rises on renewed tensions between the United States (US) and Iran in the Strait of Hormuz. Traders … [Continue reading]
Iran denies upcoming talks with the United States
The Iranian state TV reported on Sunday that the country rejected new peace talks with the United States, following US President Donald Trump's post on Truth Social, indicating US representatives were heading to Pakistan for another round of … [Continue reading]
US President Trump confirms talks, threatens to destroy Iran
United States (US) President Donald Trump just confirmed on Truth Social that US representatives are going to Islamabad, where negotiations with Iran will take place on Monday. However, he also ranted on Tehran's decision to re-close the Strait of … [Continue reading]
Lawmaker Sheri Biggs reports up to $250K Bitcoin ETF investment, draws community scrutiny
US Representative Sheri Biggs disclosed a personal investment in Bitcoin exchange-traded funds (ETFs) on Friday, according to a Periodic Transaction Report filing.The filing shows a purchase of up to $250,000 in BlackRock's iShares Bitcoin Trust … [Continue reading]
USD/CHF Price Forecast: Breaks below key SMAs, eyes on 0.7800
USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend. In the meantime, the technical picture remains bearish, as the pair tumbled below key … [Continue reading]
US President Trump says he can trust Iranians – ABC News
US President Donald Trump said he can trust Iranians, according to an interview with ABC News. Trump added that talks will take place only in Islamabad and resume over the weekend.He added that he doesn’t think there are many significant differences, … [Continue reading]