AUD/USD Stumbles Again—A Bigger Breakdown Could Be Near
Key Highlights AUD/USD started a fresh decline below 0.7120 and 0.7080. A bearish trend line is forming with resistance at 0.7065 on the 4-hour chart. Bitcoin started a consolidation phase…
Gold rises from 6-mth low amid heightened Iran tensions, Fed rate concerns
Gold rises from 6-mth low amid heightened Iran tensions, Fed rate concerns Source link
Iran fires fresh missiles at Jordan, Kuwait and Bahrain in widening attacks
A simultaneous attack across Jordan, Kuwait and Bahrain marks a significant widening of the conflict beyond direct US Iran exchanges, drawing multiple Gulf states into active defence postures and raising…
Australian Dollar bounces off low on softer USD, upside still capped
The AUD/USD pair recovers a few pips after touching a fresh two-month low during the Asian session on Thursday and moves back above the 0.7000 psychological mark. The fundamental backdrop,…
Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes
Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes Source link
CPI inflation comes in a bit lighter (it wasn’t higher). Markets improve. USD tilts lower
As Adam pointed out, the inflation story was "overwhelmingly a gasoline story," with energy accounting for more than 60% of the monthly increase in CPI. That characterization may help explain…
US launches fresh strikes on Iran, IRGC closes Hormuz to all vessels
"Ending soon" did not survive the day. Hours after telling Fox News the Iranians had asked him to stop the bombing, Trump was complaining Tehran took "too long to negotiate…
White House defends Cuba sanctions as UN warns of harm
White House defends Cuba sanctions as UN warns of harm Source link
Trump says Iran asked US to halt strikes, bombing to stop shortly
A signal that strikes may be winding down, with direct US Iran contact reported, could trigger an initial relief rally in equities and a pullback in oil prices and safe…
The British Pound Sterling is hawkish for all the wrong reasons
Pound Sterling was handed a gift on Wednesday and dropped it within the hour. A soft core reading inside the US Consumer Price Index (CPI) report knocked the Dollar back…
