Drivers in Russian-controlled Crimea grapple with gasoline shortages
Drivers in Russian-controlled Crimea grapple with gasoline shortages Source link
Canada enters a technical recession: Why the Canadian dollar now depends entirely on a weaker US Dollar
The Canadian Dollar (CAD) is facing notable headwinds following unexpected data showing that Canada’s economy has entered a technical recession. With first-quarter real Gross Domestic Product (GDP) contracting and previous…
Gold Price Forecast: XAU/USD dives to $4,500 amid simmering tensions in Iran
Gold (XAU/USD) trades lower on Monday, reverting Friday’s gains and returning to the $4,500 atrea following rejection at the $4,590 resistance area. Precious metals remain weighed, as tensions between Iran…
USD/JPY Approaches 160.00: Is Another Intervention Coming?
USD/JPY continued its advance on Monday, reaching 159.46. The Japanese yen therefore remains under pressure near the key 160.00 level against the US dollar. This was the threshold that previously…
US Manufacturing Activity is Holding Up
In focus today In the US, ISM Manufacturing index will be released for May. Regional Fed indices are pointing towards another uptick despite the energy supply uncertainty. In the euro…
WTI Crude Oil Wave Analysis
WTI crude oil: ⬇️ Sell WTI crude broke support area Likely to fall to support level 80.00 WTI crude oil recently broke the support area between the support level 87.15…
Indian Rupee extends advance on US-Iran deal optimism
The Indian Rupee (INR) trades firmly against the US Dollar (USD) at the start of the Reserve Bank of India (RBI) policy week. The USD/INR pair slides to near 94.78…
USD/CHF: Consolidation After the Trend
Fundamental Backdrop The Swiss franc remains influenced by two opposing forces. On the one hand, there is steady demand for safe-haven assets amid tariff-related risks stemming from the United States.…
Sunrise Market Commentary – ActionForex
Markets President Trump retreated in the Situation Room last Friday to make a “final determination” on a preliminary agreement that would, amongst others, extend the April ceasefire but reportedly left…
Australian Dollar softens below 0.7200 amid ongoing Middle East tensions
The AUD/USD pair loses momentum to around 0.7180 during the early European trading hours on Friday. Rising tensions in the Middle East weigh on the riskier assets such as the…
