The GBP/USD surged during the North American session, rising back above the 1.36 figure as hostilities within the Israel-Iran conflict escalated over the weekend and continued into the new week. At the time of writing, the pair trades at 1.3600, gaining 0.27%. Last Friday, the GBP/USD retreated on risk aversion and plunged to 1.3515 as Israel delivered strikes on Iran's military and nuclear facilities, alongside targeted attacks on senior officials. Since then, Iran has retaliated, and with both parties exchanging blows, a truce seems far from reach. The Dollar began the week on the back...
The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Monday, buoyed by improved risk sentiment amid easing geopolitical tensions. Reports from The Wall Street Journal indicate that Iran is signaling openness to negotiations with the United States (US), prompting optimism about a potential de-escalation in the recent Israel-Iran tensions. Diplomatic efforts are gaining momentum as international stakeholders, including the United States, Saudi Arabia, and the United Nations, continue to urge restraint and dialogue to prevent further escalation. Additionally, economic data...
The Swiss Franc (CHF) is holding steady against the US Dollar (USD) on Monday, even as the US Dollar Index (DXY) slips back below 98.00, with traders brace for a relatively calm start to a week full of central bank decisions and the context of an escalating war between Israel and Iran.. The USD/CHF pair is hovering around 0.8106 during the European session, holding within a narrow range between 0.8100 and 0.8130 after bouncing back from Friday's dip to a two-month low near 0.8056. Market participants remain cautious, keeping positions light ahead of this week's key interest-rate decisions...
Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent crude futures settled $1, or 1.35%, lower to $73.23 a barrel. U.S. West Texas Intermediate crude futures fell $1.21, or 1.66%, to $71.77 per barrel. Iran has asked Qatar, Saudi Arabia and Oman to press U.S. President Donald Trump to use his influence on Israel for an immediate ceasefire in return for Tehran's flexibility in talks about its nuclear...
Gold edged up in early Asian trading amid ongoing geopolitical tensions that typically boost the precious metal's appeal as a safe haven. Israel attacked buildings belonging to Iran's state-owned media company in Tehran. The attacks came despite Tehran sending a message through intermediaries calling for a return to nuclear talks if the U.S. stays out of the conflict. "The geopolitical backdrop remains highly volatile," Fawad Razaqzada, market analyst at City Index and FOREX.com, said in an email. "The Israeli attack on Iran has injected a clear risk premium across commodities," the...