Gold trades lower for the second consecutive day on Friday, although price action remains broadly confined within recent ranges, with downside attempts still finding support around the $4,500 region per troy ounce. Market volatility stays relatively … [Continue reading]
Fed’s Warsh says he will lead reform at the Fed
Freshly-minted Federal Reserve (Fed) Chair Kevin Warsh delivered his first public speech as head of the Fed on Friday, delivering his key talking points after being sworn in.Key Warsh highlightsOurs is a time of great consequenceNot naive about … [Continue reading]
Canada Retail Sales (MoM) came in at 0.9%, above forecasts (0.6%) in March
After recording its strongest week in two months, the US dollar traded in a consolidative manner this week, with the dollar index oscillating between 98.80 and 99.40. The greenback started Monday on a strong footing following fresh Middle East … [Continue reading]
Germany IFO – Business Climate came in at 84.9, above expectations (84.2) in May
Bitcoin, Ethereum, and Ripple extend their recovery after recent corrective moves. BTC is trading above $77,700 after finding support around major levels, and ETH is near the key resistance zone, where a breakout could trigger further rebounds. … [Continue reading]
Swiss Franc flattens against US Dollar as investors await US-Iran deal announcement
The Swiss Franc trades flat against the US Dollar (USD) around 0.7870 during the Asian trading session on Friday. The USD/CHF pair consolidates as investors await the confirmation of a prolonged peace deal between the United States (US) and Iran, … [Continue reading]
Hyperliquid hits new record high amid rising trading volumes and institutional demand
Hyperliquid’s native token HYPE surged to a fresh all-time high above $62 on Thursday, driven by strong institutional inflows and sustained momentum in decentralized perpetual futures volume.The exchange remains the clear leader in the perpetual … [Continue reading]
Dow Jones Industrial Average surges as a possible US-Iran deal lands within hours
For most of Thursday the Dow Jones Industrial Average looked heavy, sliding to a session low near 49,700 as firmer Oil and a stubborn rise in yields did the work a static Federal Reserve (Fed) would not. Then the headline hit. Iranian state media, … [Continue reading]
XRP consolidates as network activity improves
Ripple (XRP) remains calm, trading around $1.37 at the time of writing on Thursday. The current sideways action follows a subtle recovery from support at $1.35, and reflects broader optimism for a US-Iran peace deal.Iran is reportedly reviewing a … [Continue reading]
Brent: Market reacts to Iran headlines – ING
ING analysts Warren Patterson and Ewa Manthey say the Brent market remains highly sensitive to Iran-related news, with prices dropping sharply on renewed hopes of a US-Iran agreement and improved tanker flows through the Strait of Hormuz. Their base … [Continue reading]
EUR/USD Price Forecast: Consolidates above 1.1600 as Iran risks, hawkish Fed support USD
The EUR/USD pair struggles to capitalize on the previous day's bounce from the 1.1585-1.1580 region, or its lowest level since April 7, and seesaws between tepid gains/minor losses during the Asian session on Thursday. Spot prices, however, manage to … [Continue reading]