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 WAR." According to Trump's post, the ceasefire will begin approximately six hours after his announcement, when both nations have "wound down and completed their in progress, final missions." The agreement stipulates a 12-hour initial ceasefire period initiated by Iran, followed by Israel joining the ceasefire at the 12th hour. Trump stated that upon the 24th hour, there will be an "Official END" to the...
The GBP/USD pair extended losses to around 1.3405 during Asian trading hours on Monday (6/23). Concerns that Iran will retaliate against the US attack on its nuclear sites boosted safe-haven flows, supporting the US Dollar (USD). Investors await preliminary readings of the Purchasing Managers' Indexes (PMIs) for June from the UK and the US, due on Monday. The United States carried out airstrikes on three nuclear sites in Iran early Sunday despite US President Donald Trump's long-standing vows to avoid a new foreign conflict, according to Bloomberg. Trump said Iran's main nuclear enrichment...
The EUR/USD pair weakened to around 1.1480 during the early Asian session on Monday (6/23). The greenback moved higher against the Euro (EUR) as US President Donald Trump's decision to join Israel's war against Iran sharply escalated the conflict. Traders will be closely monitoring developments surrounding the Middle East conflict. The United States (US) waded into the conflict between Israel and Iran over the weekend, with American warplanes and submarines targeting three Iranian facilities in Iran, Fordo, Natanz, and Isfahan. Trump said Iran's main nuclear enrichment facility had been...
Oil prices jumped on Monday to their highest since January as Washington's weekend move to join Israel in striking Iran's nuclear facilities stoked supply concerns. Brent crude futures were up $1.88, or 2.44%, at $78.89 a barrel by 1122 GMT. U.S. West Texas Intermediate crude was up $1.87, or 2.53%, at $75.71. Both contracts jumped more than 3% earlier in the session to $81.40 and $78.40, respectively, their highest in five months, before giving up some of the gains. The price surge came after U.S. President Donald Trump said he had "destroyed" Iran's main nuclear site in an attack over...
The dollar gained in early trading as investors sought to hedge against rising geopolitical risks following the U.S. attack on Iran. The U.S. currency gained slightly against the euro and most other major currencies as markets began the week in Asia. Crude oil futures rose and U.S. equity contracts fell as the bombings stoked demand for security and concerns about energy supplies. Government bonds edged higher. "We expect some risk relief, but not aggressively," said Diego Fernandez, chief investment officer at A&G Banco in Madrid. "The world may be a safer place without the Iranian...
Gold edges higher in the early Asian session amid worries over the Middle East conflict. "Recent escalation between the U.S. and Iran, marked by airstrikes on Iranian nuclear sites, has introduced a new layer of uncertainty into global markets," DHF Capital's Bas Kooijman says. "The fear of a broader regional conflict in the Middle East has driven a surge in demand for gold as investors seek to mitigate risk," the CEO and asset manager adds. Spot gold is 0.2% higher at $3,373.57/oz. (alg) Source: Dow Jones Newswires
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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