EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged. Euro ends week modestly higher as soft US data cements rate cut bets, narrowing policy divergence with ECB US economic data continued to drive price action on Friday as Consumer Sentiment in September deteriorated, while inflation expectations remain above the Fed's 2% goal. This, and the payrolls revision...
The US Dollar pared losses after a sharp drop on Thursday (6/13). Risk-off reaction to Israel's attack on Iran has brought some cheer to the US Dollar, pushing the pair back above 0.8100, but it is still on track for a weekly decline of 1.3%. News reports of explosions at nuclear and military sites in Iran that would kill several high-ranking Revolutionary Guard figures in an attack that, according to Israeli Prime Minister Benjamin Netanyahu, could last for several days. Iran announced that it would walk away from nuclear talks with the US, which took place on Sunday in Oman, and launched...
The Japanese Yen (JPY) retreats further from over a one-week top touched against the rebounding US Dollar (USD) during the Asian session on Friday, pushing the USD/JPY pair to a fresh daily peak, around the 143.75 area in the last hour. Reports that the Bank of Japan (BoJ) will keep the benchmark rate steady at 0.5% at its upcoming meeting next week turn out to be a key factor weighing on the JPY. Investors, however, seem convinced that the BoJ will stick to the path toward policy normalization amid the broadening inflation in Japan. Adding to this, a sharp escalation of geopolitical...
Silver price (XAG/USD) retraces its recent gains registered in the previous session, trading around $36.30 per troy ounce during the Asian hours on Friday. A bullish bias is prevailing as the technical analysis of the daily chart shows the price of the precious metal remains within an ascending channel pattern. The Silver price is remaining above the nine-day Exponential Moving Average (EMA), further highlighting that the short-term momentum is stronger. Additionally, the 14-day Relative Strength Index (RSI) hovers slightly below the 70 level after retreating from higher levels,...
Oil surged as much as 13% after Israel carried out waves of military strikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production. Brent topped $78 a barrel in the biggest intraday gain since March 2022, following Russia's invasion of Ukraine. Gold was a beneficiary as investors flocked to havens , rising as much as 1.7% near a record. Israeli Prime Minister Benjamin Netanyahu said the attacks targeted Tehran's nuclear program and military, and would last until the threat was removed....
Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel's strike on Iran heightened Middle East tensions. Spot gold was up 1.3% at $3,428.28 an ounce, as of 0134 GMT, after hitting its highest level since May 7 earlier in the session. Bullion has gained more than 3.5% so far this week. Geopolitical tensions escalated after Israel struck Iran as tensions mounted over U.S. efforts to halt Iran's production of atomic bomb materials. "This latest spike in hostilities in the Middle East has taken...
The Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, with over 1% losses. The AUD/USD pair depreciates due to escalating tensions in the Middle East. Israeli Minister of Defense Israel Katz warned his country to face a missile and drone attack following Israel's preemptive attack on Iran. Katz declared a special state of emergency in the country, per Axios. Israeli military officials said that Israel attacked dozens of sites across Iran, as the Iranian nuclear program is an existential threat to Israel. Reuters reported that US President Donald Trump expanded steel...
Oil surged following reports of an Israeli airstrike in Iran, heightening tensions in the region that accounts for a third of global crude production. Brent rose as much as 5.7%, jumping above $73 a barrel, while West Texas Intermediate also rallied. The Israeli Air Force conducted a strike in Iran on Thursday, Axios reported, citing two unidentified people with knowledge of the operation. Earlier, US President Donald Trump said Israel "could very well" strike Tehran. President Donald Trump said Israel "could very well" strike Iran but that he had advised against an attack while...
Gold rose a third day on reports that Israel struck targets in Iran. Bullion jumped as much as 0.8% — after gaining 0.9% on Thursday. The Israeli Air Force conducted a strike in Iran on Thursday, Axios reported, citing two unidentified people with knowledge of the operation. Spot gold traded at $3,406.61 an ounce as of 8:12 a.m. in Singapore. The Bloomberg Dollar Spot Index was down 0.1%. Silver, platinum and palladium also advanced. Source : Bloomberg
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....