USD/CAD gains ground after being nearly flat the previous day, trading around 1.3690 during Asian hours on Tuesday. The pair is seeing renewed upward pressure as the US Dollar (USD) strengthens on the back of intensifying geopolitical risks. Global investors are pivoting toward safe-haven assets following reports of deteriorating diplomatic relations in the Middle East. The shift in sentiment…
Markets are expecting a significantly upbeat U.S. CPI to tip the scales in favor of Fed tightening soon, but what if the numbers fail to impress? Our Event Guide for the U.S. CPI points out that the prevailing stagflation narrative raises the bar for war-related price pressures to convince the Fed to act. Here’s what I’m watching on USD/CHF…
Trump is more seriously weighing a return to major combat operations against Iran, frustrated by the Hormuz closure and stalled nuclear talks, with his national security team reviewing options, CNN reported. Summary: Trump has grown increasingly frustrated with the pace and substance of Iran negotiations and is more seriously considering resuming major combat operations than at any point in…
Iranian Parliament speaker Mohammad Bagher Ghalibaf warned on Monday that Iran’s military was fully prepared to retaliate against any future attacks after rising tensions threatened the fragile ceasefire in the Middle East, Reuters reported. Ghalibaf said on X that Iran’s armed forces remained on high alert and capable of responding decisively to any aggression. Earlier Monday, US President Donald…
GBP/USD has triggered a widely watched moving average signal, putting follow-through price action in focus.
HSBC raised its year-end 2026 S&P 500 target to 7,650 from 7,500, lifting EPS growth forecasts by 8% on stronger Q1 results, while warning the rally remains dangerously narrow. Summary: HSBC Global Investment Research raised its year-end 2026 S&P 500 target to 7,650 from 7,500 on 11 May The revision was accompanied by an 8% upgrade to 2026 index…
Silver price rallies over 7% on Monday, clearing key technical resistance at $83.05 ─the April 17 daily high, and also the $85.00 psychological figure, which opened the door towards the $86.00 per troy ounce handle. XAG/USD Price Analysis: Technical outlook Price action shows the white metal is exploding higher, with buyers aiming to challenge $90.00. Bullish momentum increased sharply…
New Zealand’s Q1 2026 employment report delivered a modest but meaningful beat against expectations, as the jobless rate ticked lower while wage growth accelerated. Combined with a generally risk-on lean from cautious optimism for a US-Iran peace deal, the results kept the Kiwi supported while RBNZ expectations remained well-anchored. Watchlists are price outlook & strategy discussions supported by both…
The price of crude oil futures settled at $98.07, up $2.65 or 2.78% on the day. Looking at the hourly chart, the low price today reached $96.13, briefly pushing below the rising 100-hour moving average, currently at $96.96 (blue line on the chart below). However, sellers were unable to sustain momentum below that key support level, allowing buyers to…
US President Donald Trump is meeting with his national security team on Monday, considering the possibility of resuming military action against Iran, as Tehran’s response fell short of complying with Washington’s demands, three officials said to Axios. According to Axios, US officials expressed that Trump wants a deal to end the conflict, but Iran’s response put back the military…
