British Pound strengthens to near 1.3400 as UK political risk fades The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty. However, hawkish minutes from the Federal Reserve (Fed) and renewed tensions between the US and Iran might support the US Dollar (USD) and cap the upside for the…
USD/CAD is sitting on a major support just as Canada is printing a top-tier economic update! Will bulls defend the floor, or are bears about to get their breakout?
investingLive Asia-Pacific FX news wrap: Iran-US clashes escalate as Bahrain, Kuwait bases hit; oil barely moves !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The US strikes hit a rail line in Golestan province in northeastern Iran, near the border, using cruise missiles. It marked the first US strike on Iranian infrastructure since the ceasefire took hold. Iran said multiple US artillery shells struck a railway bridge west of Aghala in Golestan in early Thursday, triggering several explosions. The US Air Force bombed…
Trump called the U.S.-Iran ceasefire “over” after fresh strikes, sending oil higher and risk assets lower. Fed minutes lifted hike bets and yields, but the dollar still slipped.
Update: Iran launched retaliatory ballistic missiles at Bahrain from Bushehr Province, triggering sirens across Bahrain and Kuwait. Kuwaiti air defenses intercepted hostile missiles and drones. Qatar issued a threat alert as the region braces for further strikes, deepening the escalation after days of US-Iran clashes over the Strait of Hormuz.
Gold price (XAU/USD) declines to around $4,075 during the early Asian session on Thursday. The precious metal extends its downside as US President Donald Trump said the ceasefire with Iran has ended, stoking concerns that a renewal of war could again drive inflation and push up interest rates. Reuters reported on Thursday that Trump stated that an interim agreement…
GBP/JPY’s upper Keltner Channel breach puts focus on whether buyers can sustain momentum or whether price snaps back inside the channel.
The US carried out fresh overnight strikes against Iran, targeting missiles capable of threatening American assets such as aircraft carriers, along with drones and other threats tied to the Strait of Hormuz, according to a US official. The strikes were launched from both land and sea, marking a broader operational footprint than earlier rounds this week. Officials (via CNN…
The USD/CHF pair recoils after reaching a five-day high of 0.8108 on Wednesday, edging down some 0.02% as risk appetite deteriorates due to US President Donald Trump’s suggestion of an end to the ceasefire, as Iran attacked ships on Tuesday. At the time of writing, the pair trades at 0.8078, following a false breakout above 0.8100. USD/CHF Price Forecast:…
