Iran confirmed the U.S. ceasefire MOU, ending the naval blockade from tonight; Gulf traffic will be Iran-Oman regulated, with a 60-day sanctions negotiation to follow asset unfreezing. investingLive Exclusive 24m ago

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Societe Generale notes that Chinese inflation remains subdued, with May Consumer Price Index (CPI) at 1.2% and core at 1.1%, while PPI has risen to a four-year high, suggesting weak consumer demand and margin pressure. The bank highlights that authorities are using targeted easing and tighter capital controls to manage USD flows and limit Yuan strength, keeping the currency…

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…

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EUR/USD fluctuates between modest gains and losses heading into the weekend as traders await Tehran’s decision on a possible agreement with the United States (US) to end the war in the Middle East. At the time of writing, the pair trades around 1.1573 and is on track to post modest weekly gains. Iranian Foreign Minister Abbas Araghchi said a…

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Kevin Warsh’s first Fed meeting headlines a packed central-bank week, while an announced-but-unsigned Iran deal could move oil at any moment. Three scenarios, exact levels inside.

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Prior was 48.2 Current conditions 48.4 vs 46.2 expected (prior was 45.8) Expectations 49.3 vs 44.3 expected (prior was 44.1) 1-year inflation 4.6% vs 4.8% prior 5-year inflation 3.4% vs 3.9% prior I don’t know why anyone cares about this report at this point. It’s been in the doldrums forever and hasn’t predicted any slowdown in consumer spending. It’s…

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USD/CAD trades on the front foot on Friday as lower Oil prices weigh on the commodity-linked Canadian Dollar (CAD) amid cautious optimism that the United States (US) and Iran could reach an agreement that would reopen the Strait of Hormuz. At the time of writing, the pair trades around 1.3979 after touching 1.4024 on Thursday, its highest level since…

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The broader U.S. stock indices rallied yesterday on optimism surrounding a reported ceasefire agreement in the Middle East. Today, however, markets gave back some of those gains after Iran appeared to push back on parts of the deal, creating renewed uncertainty. Despite the early weakness, stocks have bounced off their lows following a stronger-than-expected University of Michigan consumer sentiment…

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Brown Brothers Harriman’s Elias Haddad highlights strong South Korean asset performance, with South Korean Won (KRW) outperforming and the KOSPI up sharply on AI-led semiconductor strength. The Bank of Korea’s (BoK) Governor Shin Hyun Song delivered hawkish guidance, emphasizing the need to prioritize price stability. BBH notes that a 25 bps hike to 2.75% at the July 16 meeting…

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