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The GBP/USD pair gained traction around 1.3560 during the early European session on Tuesday, supported by a weaker US Dollar (USD). Traders will be eyeing Bank of England (BoE) Governor Bailey's speech, along with Federal Reserve (Fed) Chairman Jerome Powell's semi-annual testimony later on Tuesday. Federal Reserve (Fed) Governor Michelle Bowman said on Monday that she would support a rate cut at the next policy meeting in July as long as inflationary pressures remain contained. Bowman's comments echoed those of Fed Governor Christopher Waller, who said on Friday that he believes the US...
The Australian dollar (AUD) strengthened against the US dollar (USD) on Tuesday (6/24), extending its gains for the second straight session. The AUD/USD pair strengthened after US President Donald Trump said a ceasefire had been agreed between Iran and Israel. Trump said that a "complete and total" ceasefire between Israel and Iran would be in place to end the conflict between the two countries. Iran fired missiles at Al Udeid Air Base in Qatar on Monday. Qatari officials said the missiles were intercepted and the base had been evacuated in advance. Trump announced Saturday night that he...
Silver (XAG/USD) prices pared intraday losses, trading around $36.10 per troy ounce during Asian hours on Tuesday (6/24). Precious metals prices, including Silver, depreciated as a ceasefire agreement between Israel and Iran reduced demand for safe havens. President Trump said on Monday that a "complete and total" ceasefire between Israel and Iran would go into effect to end the conflict between the two countries. He also added that Iran would begin the ceasefire immediately, followed by Israel after 12 hours. Trump's comments came shortly after Iran fired missiles at the Al Udeid Air Base...
Oil prices plunged on Tuesday to their lowest in more than a week as U.S. President Donald Trump said a ceasefire had been agreed between Iran and Israel, easing concerns about supply disruptions in the region. Brent crude futures fell $2.69, or 3.76%, to $68.79 a barrel by 0006 GMT, after falling more than 4% earlier in the session and hitting their lowest since June 11. U.S. West Texas Intermediate crude fell $2.7, or 3.94%, to $65.46 a barrel, after hitting its weakest since June 9 earlier in the session and dropping about 6%. Trump announced on Monday that Israel and Iran had fully...
The dollar fell on Tuesday while the Australian and New Zealand dollars rose after U.S. President Donald Trump announced a ceasefire between Israel and Iran, in news that cheered investors and sparked a risk rally across markets. Trump said a "complete and total" ceasefire between Israel and Iran would go into effect with the aim of ending the 12-day conflict between the two countries, moments after both sides threatened new attacks. An Iranian and Qatari official confirmed that Tehran had agreed to the ceasefire, while Israel's Channel 12 reported that Prime Minister Benjamin Netanyahu...
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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