EUROPEAN SESSION In the European session, we don’t have anything on the agenda so the price action will likely remain rangebound or the pullbacks that started during the Asian session extend further into the American session. We might also hear from a couple of ECB policymakers but the consensus is now to hold rates steady in July and delivering…
Gold prices rose in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 493.62 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 490.74 it cost on Friday. The price for Gold increased to AED 5,757.57 per tola from AED 5,723.95 per tola on friday. Unit measure Gold…
GBP/CAD is pressing against a 1.8800 range ceiling it has failed to break through for nearly a year! Can the bulls finally punch through this time, or will today’s fundamental backdrop send this pair back toward the range floor? Check out the weekly time frame: GBP/CAD Weekly Forex Chart Faster with TradingView Sterling starts the week with a political…
The targeting of MP Materials, which operates the only active rare earth mine in the United States, alongside USA Rare Earth strikes at the most strategically exposed node in Washington’s effort to build a domestic critical minerals supply chain independent of China. A full export ban is a material escalation from the previous licence-only regime and raises immediate questions…
AUD/JPY gains ground after posting minor losses in the previous day, trading around 113.30 during the Asian hours on Monday. The currency cross holds ground as the Australian Dollar (AUD) remains stronger following China’s latest monetary policy update. On Monday, the People’s Bank of China (PBOC) opted to keep its benchmark one-year and five-year Loan Prime Rates (LPRs) unchanged…
A joint statement from Qatari and Pakistani mediators confirmed the conclusion of constructive US-Iran talks in Switzerland, establishing a high-level political oversight committee and a strict 60-day roadmap to reach a final peace deal. According to a joint statement issued by the Qatari Foreign Ministry on behalf of mediators Qatar and Pakistan: The first high-level diplomatic session between US…
Gold price (XAU/USD) trades with mild losses around $4,155 during the early Asian session on Monday. Traders continue to assess the developments surrounding the US-Iran peace talks in Switzerland. However, hawkish signals from the US Federal Reserve (Fed) might cap the upside for the precious metals in the near term. US President Donald Trump over the weekend threatened strikes…
A US official told Al Jazeera that negotiators held in-depth talks covering all elements of the nuclear agreement, including mechanisms to prevent escalation and keep the strait fully open. Middle East media sources say a joint statement from Iranian, American and mediating parties is expected soon, and that the Iranian delegation remains at the Bürgenstock resort, with its head…
NZD/USD trades around 0.5740 at the time of writing on Friday, down 0.28% on the day, as the US Dollar (USD) continues to benefit from expectations of a restrictive monetary policy stance in the United States (US). The pair is on track for a third consecutive daily decline and remains near its lowest levels since April. Market sentiment received…
Ras Laffan’s role as the heart of Qatar’s LNG export capacity means any incident there draws immediate market attention, even when officials describe it as contained and non-structural to broader output. Energy traders are likely to watch closely for confirmation that production and loading schedules remain unaffected, given the facility’s history of disruption earlier this year. The timing, against…
