The USD is lower as the US wakes to a holiday and they honor all those who have died on the battlefields, and the UK barbecues get heated up in observance of the May Bank Holiday.
With no escalation of the war in Iran and baby steps toward a diplomatic solution for now, hope vs despair is the theme. Pres. Trump is posting on Truth Social that he has instructed his people that he is in no rush, and that the deal must be all or nothing agreement. He has stressed that the deal will not be like the JCPOA agreement that Pres. Obama signed with Iran and which Trump threw out.
Below are some key points from the long post:
- Said negotiations with Iran are “proceeding nicely” but stressed it must be an “all or nothing” agreement.
- Warned that failure to reach a deal would mean a return to a larger and stronger military conflict.
- Said he held discussions with leaders from:
- Saudi Arabia
- UAE
- Qatar
- Pakistan
- Türkiye
- Egypt
- Jordan
- Bahrain
- Called for those countries to simultaneously join the Abraham Accords as part of any broader Iran settlement.
- Said countries unwilling to sign onto the Abraham Accords “should not be part of the deal,” arguing refusal would show “bad intention.”
- Claimed the Abraham Accords have created a financial, economic, and social boom for current members.
- Described a potential broader Middle East agreement as:
- A historic settlement
- A path toward regional peace and economic strength
- Potentially the “most important deal” ever signed in the region
- Suggested that if Iran reaches an agreement with the U.S., it could eventually also become part of the Abraham Accords coalition.
- Said a unified Middle East could become:
- More powerful
- Economically stronger
- More stable than at any point in modern history
- Directed his representatives to begin working toward expanding participation in the Abraham Accords immediately.
So what is the Abraham Accord
The Abraham Accords are a series of diplomatic agreements brokered by the United States in 2020 aimed at normalizing relations between Israel and several Arab and Muslim-majority countries.
What the accords did.
The agreements established:
- Formal diplomatic relations
- Economic cooperation
- Trade and investment ties
- Tourism and travel links
- Security and technology cooperation
between Israel and participating countries.
Countries that joined
The original and subsequent participants included:
- United Arab Emirates
- Bahrain
- Sudan
- Morocco
Trump’s post referenced expanding the accords further to countries such as:
- Saudi Arabia
- Qatar
- Pakistan
- Türkiye
- Egypt
- Jordan
Why it was significant
Historically, many Arab nations:
- Did not recognize Israel
- Had no diplomatic relations
- Conditioned normalization on a Palestinian peace agreement
The Abraham Accords changed that dynamic by creating direct normalization agreements without first resolving the Israeli-Palestinian conflict.
Why it’s called the “Abraham” Accords
The name refers to Abraham, a central figure in:
- Judaism
- Christianity
- Islam
The idea was to emphasize common religious and historical roots across the region.
Market and geopolitical importance
The accords are viewed as:
- A major geopolitical realignment in the Middle East
- A counterweight to Iran’s regional influence
- A framework for increased:
- trade
- defense cooperation
- investment
- energy partnerships
Trump’s latest comments suggest he wants to tie any future Iran agreement into a much broader regional diplomatic framework centered around an expanded Abraham Accords coalition.
Trump has a way of solving problems by creating problems. Is this another fly in the ointment that prolongs rather than advancing back toward peace.
A market overview:
The price of oil is down sharply. The current price is trading at $90.80 currently. That is down -$5.80 on the day or close to 6%. The low for the day reached $90.32. The high was up at $93.90.
Gold is higher on the lower USD with the price up $45 or 1% at $4554. Silver is up $2.22 or 2.93% at $77.28. The S&P mini futures in the US are up 0.98%
EURUSD: The EURUSD gapped higher at the start of trading today, but upside momentum has been less convincing since then, with the pair continuing to waffle above and below several key technical levels. The price is currently trading around the 200-hour moving average near 1.1638 and the 50% midpoint of the rally from the late-March low at 1.16454, keeping traders focused on that area as an important near-term battleground.
Adding to the significance of the zone is a swing area between 1.1645 and 1.1660 (highlighted by the red-numbered circles on the chart), where prior highs and lows have repeatedly stalled price action. If buyers can get and stay above this cluster of resistance levels, it would strengthen the bullish bias and shift the focus toward the 200-day moving average at 1.16806 and then the 100-day moving average near 1.1698. Until then, the pair remains in more of a consolidation phase with buyers and sellers battling for short-term control.
USDJPY: The USDJPY moved lower at the Asian-Pacific open, and that decline pushed the pair below the 100-hour moving average near 159.00, shifting the short-term bias modestly to the downside. However, sellers have not been able to generate sustained downside momentum, with the price continuing to hold above the 200-hour moving average at 158.71, helping to keep the broader trading range intact for now.
The high price today briefly extended above the 159.00 level to 159.04, but buyers could not maintain momentum above that key technical barometer and the pair rotated back lower. The low price reached 158.77, just above the 200-hour MA support level.
Going forward, the 100-hour and 200-hour moving averages will remain the key directional barometers. A move back above the 100-hour MA at 159.00 would tilt the bias back to the upside and give buyers more control. Conversely, a break below the 200-hour MA at 158.71 would increase the bearish bias and open the door for a deeper downside correction.
GBPUSD: The GBPUSD continued its move higher today, with buyers extending the rally above several key technical resistance levels. The pair pushed above the previously broken 38.2% retracement at 1.34669, along with the swing area between 1.3446 and 1.34669, and also moved above the 100-day moving average at 1.3475, strengthening the bullish bias.
During the European morning session, the pair did correct lower and briefly dipped below the 100-day MA, but importantly, sellers could not push the price back below the 38.2% retracement level. That helped confirm the breakout area as a near-term support zone and keeps buyers more firmly in control as long as the pair remains above those levels.
The rally has since extended to a new high of 1.3506, with the pair currently trading near 1.3500. Looking ahead, the next upside targets come in at 1.35318 and then 1.35516, corresponding with prior highs from May 12 through May 14. A move above those levels would further strengthen the bullish outlook and open the door for an extension toward higher swing targets.
Editorial note: This recovered market brief has been cleaned and reclassified by Next Move Markets for educational market intelligence. It is not investment advice.
Next Move Markets desk view
For active traders, this brief should be read through the lens of global markets rather than as a standalone headline. The key question is whether the theme behind The USD is lower as markets react to the peace hopes. can influence positioning beyond the first reaction. That means watching liquidity, macro data, sentiment, positioning and cross-asset confirmation together, not in isolation.
A richer trading read comes from separating the catalyst from confirmation. The catalyst explains why markets are paying attention; confirmation comes from price action, liquidity and cross-asset behavior after the headline is digested. If those signals do not align, traders should treat the move as fragile and keep risk tighter.
What traders should watch next
- Whether price action confirms the headline after the first reaction has passed.
- How related markets respond, because isolated moves are easier to reverse.
- Any follow-up data or official comment that changes the original market assumption.
- Volatility and liquidity conditions, which should guide risk size before direction.
Risk context
This article is a market-intelligence brief, not a trade recommendation. Before acting on the theme, traders should define invalidation, position size and the time horizon of the setup. The same headline can support a short-term reaction and still fail as a multi-session trend if liquidity, policy expectations or broader sentiment move the other way.
Scenario map
The base case is that traders keep this theme on the radar while waiting for confirmation from liquidity, macro data, sentiment, positioning and cross-asset confirmation. A stronger continuation scenario requires follow-through after the first reaction, preferably with related assets moving in the same direction. A failure scenario develops if the headline is quickly absorbed, volatility fades and price returns inside the previous range.
For global markets, the most useful approach is to compare the article theme with live market behavior. If the market confirms the narrative, pullbacks can become more constructive. If the market rejects it, the headline becomes background noise rather than a trading driver.
Execution discipline
- Define the level first: traders should know where the idea is invalidated before thinking about upside or downside.
- Separate news from setup: The USD is lower as markets react to the peace hopes. may explain attention, but entry quality still depends on timing, liquidity and risk/reward.
- Watch confirmation: a clean move usually appears across related markets, not only in one isolated instrument.
- Control exposure: if volatility expands, smaller position sizing can be more professional than chasing the headline.
Next Move Markets treats this kind of brief as a starting point for preparation: identify the driver, map the scenarios, then wait for the market to prove which path is actually being priced.
