China Aims to Become Custodian of Foreign Sovereign Gold Reserves
China is stepping up its efforts to become a central player in global finance by offering to safeguard gold reserves on behalf of foreign governments. The move, led by the…
US eyes targeting Iran’s Hormuz defenses if no ceasefire — CNN
US military officials are developing new plans to target Iran’s capabilities in the Strait of Hormuz in the event the current ceasefire with Iran fails, CNN reported on Thursday.According to multiple sources…
Iran shows off its control over strait, Israel warns of further attacks
Iran shows off its control over strait, Israel warns of further attacks Source link
GBP/USD Moves Up, Traders Eye Continuation Of Rally
Key Highlights GBP/USD extended gains and settled above the 1.3500 zone. A major bullish trend line is forming with support at 1.3505 on the 4-hour chart. EUR/USD might attempt another…
Chart alert: NZD/USD’s 3-Day Decline Ends, Potential Bullish Reversal above 0.5846 Key Support
Key takeaways Hawkish RBNZ supports NZD upside: Stronger-than-expected inflation (3.1%) increases the likelihood of rate hikes, with bond yield spreads signalling a more hawkish stance that underpins NZD/USD. Bullish reversal…
Silver reverses as bearish-engulfing pattern hints at further losses
Silver price (XAG/USD) collapsed as buyers got rejected at the 50-day Simple Moving Average (SMA) at $78.73, as geopolitical headlines dominated price action on Thursday. The XAG/USD trades at $75.40,…
AUD/USD and NZD/USD Flash Early Signs of Bullish Recovery
AUD/USD is attempting a fresh increase from 0.7115. NZD/USD is consolidating and could aim for a move above 0.5930 in the short term. Important Takeaways for AUD/USD and NZD/USD Analysis…
Asia FX: War Powers deadline drives cautious consolidation – DBS
DBS Group Research’s Philip Wee highlights that currency markets are consolidating as the April 28 War Powers Resolution deadline approaches, with USD/CNY flattening after an earlier relief rally. He notes…
WTI climbs as Hormuz tensions escalate, Ghalibaf exit clouds US-Iran talks
West Texas Intermediate (WTI) Crude Oil trades higher on Thursday, extending gains for a fourth straight day as escalating tensions in the Strait of Hormuz continue to fuel concerns about…
Pound Declines Amid Geopolitics and Political Risks
GBP/USD traded at 1.3515 on Tuesday as the US dollar strengthened. Pressure on the pound intensified at the start of the week following a sharp escalation of the US-Iran conflict,…
