US sanctions Iran’s Hormuz toll body as Bessent vows maximum pressure on Tehran
The US has sanctioned Iran's Persian Gulf Strait Authority, which manages Hormuz passage requests, with Treasury Secretary Bessent saying the action targets Iranian tolls and maximum pressure on Tehran continues.Earlier re Hormuz:Summary: Sources: US Treasury Department Office of Foreign Assets Control SDN list; Treasury Secretary Scott Bessent, 28 May 2026The US Treasury added the Persian Gulf Strait Authority to its…
USDCHF trades to new highs going back to April 30
The USDCHF is extending sharply to the upside after buyers leaned against a strong technical support zone during the Asia-Pacific session. The pair found willing buyers near a confluence of support defined by the 100-hour moving average and the 100-day moving average, helping to solidify the bullish bias and launch the latest rally higher.The move higher initially ran into resistance…
USD/CAD Forecast: Bulls eye 200-EMA breakout near 1.3770 ahead FOMC
The USD/CAD pair attracts some dip-buyers on Wednesday and climbs to the 1.3765-1.3770 region during the first half of the European session, back closer to its highest level since April 14, touched the previous day. The intraday move up is sponsored by a combination of supporting factors, as traders now look forward to the release of FOMC Minutes for a…
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USD is mixed to kickstart NA trading on June 2. What are the technicals telling traders?
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AUDUSD rebounds in trading today, but cannot get and stay above the 100 day MA target
The AUDUSD moved sharply lower on Friday, pressured by risk-off sentiment, a broadly stronger U.S. dollar, and a deterioration in the technical picture. The selling accelerated after the pair broke…
