News
Euro rises as US-Iran deal hopes sink USD, Oil
14+ min ago (500+ words) The EUR/USD edges up by 0. 12% as the Greenback drops amid hostilities in the Middle East, while a US-Iran deal is pending approval by the White House and senior Iranian officials. At the time of writing, the EUR/USD trades…...
Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data
51+ min ago (540+ words) USD/CAD reverses its intraday gains on Friday as a softer US Dollar (USD) helps the Canadian Dollar (CAD) recover from weakness driven by softer-than-expected Gross Domestic Product (GDP) figures. At the time of writing, the pair trades around 1. 3780 after…...
Colombia National Jobless Rate meets forecasts (8. 8%) in April
1+ hour, 1+ min ago (246+ words) EUR/USD adds to Thursday's advance and climbs to fresh two-week highs, approaching 1. 1680 on the back of further selling pressure on the US Dollar. The extra uptick in spot comes soon after President Trump said the US will lift the…...
Australian Dollar climbs as improving US-Iran ceasefire hopes pressure US Dollar
1+ hour, 5+ min ago (348+ words) The AUD/USD pair advances toward the 0. 7180 region on Friday as the United States (US) Dollar (USD) remains under pressure amid improving market sentiment linked to renewed hopes for a longer-lasting ceasefire agreement between the US and Iran. Investor sentiment…...
United States Chicago PMI above forecasts (50. 5) in May: Actual (62. 7)
2+ hour, 20+ min ago (227+ words) EUR/USD trades in a tight range around 1. 1650 on Friday, struggling to establish a clear direction. Ongoing uncertainty surrounding the US-Iran ceasefire agreement continues to support safe-haven demand for the US Dollar, limiting the pair's upside potential. GBP/USD remains…...
Gold Forecast: Can XAU/USD extend its rebound as Iran deal talks continue?
1+ hour, 42+ min ago (502+ words) Gold (XAU/USD) dropped to its lowest level in two months but managed to erase a large portion of its weekly losses. Investors await the next batch of high-impact economic data releases from the United States (US), while contradicting headlines…...
British Pound defends 200-day SMA, but for how long?
1+ hour, 34+ min ago (880+ words) The British Pound (GBP) reversed course and posted a weekly loss against the US Dollar (USD), with 1. 3500 remaining a tough nut to crack for buyers. GBP/USD danced to the whims and fancies of fluid market conditions, thanks to the…...
"Progress on lowering inflation has stalled": Fed's Bowman takes aim at Iran war
2+ hour, 19+ min ago (291+ words) Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues,…...
British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone
2+ hour, 20+ min ago (538+ words) GBP/JPY trims part of its earlier intraday losses on Friday as the British Pound (GBP) draws support from hawkish remarks by Bank of England (Bo E) Governor Andrew Bailey. At the time of writing, the cross trades around 214. 15 after recovering…...
Inflation pressures are weighing on the economy: Fed's Paulson claims
2+ hour, 25+ min ago (314+ words) Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said inflation is a drag on the United States (US) economy while discussing the economic outlook and regional trends at an event hosted by the Chamber of Commerce of…...