Earlier: Iran said to table broad demands covering sanctions, war and security The prez says no: Trump says Iran’s proposals are “TOTALLY UNACCEPTABLE” The USD is a touch higher in really early trade. This article was written by Eamonn Sheridan at investinglive.com.
Indian investors continue to pile up their bets on Gold via Exchange Traded Funds (ETFs), contributing to the rebound in demand for the precious metal as spot prices stabilize after March’s sharp decline. India’s Gold ETFs extended their inflow streak to an eleventh consecutive month in April. Net inflows recorded $297.2 million, 68% more than the $176.6 million seen…
Two reports just crossed on Iran: 1) A Fox News reporter says the US military carried out airstrikes today, hitting several empty tankers trying to break the US blockade of Iran. “These were Very Large Crude Carriers (VLCC) …. massive, empty ships trying to make it back to Iran … attempted to run the blockde…” 2) An explosion was…
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Last week’s $17 oil round-trip set the stage. This week, US CPI, PPI, a tentative Fed Chair nomination vote, and Iran’s reply raise the stakes considerably.
The USD moved briefly higher following the better-than-expected U.S. jobs report, but the broader market reaction has since turned more risk-positive than dollar-supportive. Nonfarm payrolls rose by 115K versus expectations of 62K, while the unemployment rate held steady at 4.3% as expected. Average hourly earnings increased 0.2% month-over-month and 3.6% year-over-year — a mixed outcome that still points to…
Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA). Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of Hormuz while they discuss…
Prior month 49.8 Sentiment index 48.2 versus 49.5 estimate Current conditions 47.8 versus 52.0 estimate expectations index 48.5 versus 48.1 estimate 1-year inflation expectations 4.5% versus 4.7% last month. 5-year inflation expectations 3.4% versus 3.5% last month The numbers are at multi-decade lows and reflective of the economic issues caused by the Iran/US war. From Univ of Michigan Director…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…
Technology sector climbs as healthcare stumbles Today’s stock market is witnessing a noteworthy divergence as tech giants lead a rally, while healthcare stocks slump. A closer look at the heatmap reveals dynamic shifts across various sectors, providing insightful takeaways for investors seeking to navigate these changes. 📈 Tech sector resurgence: Leading the charge The technology sector stands out with…
