Thursday’s session delivered the week’s defining moment in a single hour. Iranian missile and drone strikes on Kuwait and a US air base drove WTI back toward $91 and sent the dollar surging — then an Axios report confirmed Washington and Tehran had tentatively agreed to a 60-day ceasefire extension pending Trump’s approval. Oil reversed. The dollar collapsed. Equities…
For background, the Monthly Wholesale Trade Survey , conducted by the U.S. Census Bureau, is one of the government’s key economic indicators, tracking sales, end-of-month inventories, and inventories-to-sales ratios for merchant wholesalers across the country. The survey excludes manufacturers’ sales branches and offices, as well as wholesale electronic markets, agents, and brokers. Each month, the Census Bureau surveys a…
British Pound rebounds as US Dollar weakens on Iran deal hopes GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed. A senior Iranian source told Reuters…
Fed can look through energy shock if it stays credible on monetary policy Still early to gauge Middle East war’s impact on the economy Reacting to temporary energy shock could weigh down economy I’m optimistic the end of the war will bring easing energy prices Current “moderately restrictive” policy is aimed at aiding jobs and lowering inflation Extended energy…
Gold (XAU/USD) price advanced more than 1.50% on Friday amid news that Iran and the US are close to signing a deal aimed at extending the ceasefire for 60 days to allow negotiations on Iran’s nuclear program. At the time of writing, XAU/USD trades at $4,563, after bouncing off daily lows of $4,489. XAU/USD jumps as ceasefire hopes ease…
We gain concessions not with talks, but with missiles We have no trust in guarantees or words Only actions are the measure No action will be taken before the other side acts The winner of any agreement is the one who is better prepared for war from the day after Iran’s chief negotiator and parliament speaker, Mohammad Bagher Ghalibaf,…
Silver (XAG/USD) price retreats 0.16% on Friday, consolidating around the $75.00-$76.00 area and is virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70. XAG/USD Price Forecast: Technical outlook Silver looks set to extend its consolidation after breaking below the ascending channel’s support trendline and the 50-day SMA, but the white metal has reclaimed the $75.00 mark. The…
Inflation pressures are weighing on the economy Firms are having a hard time planning for the future Monetary policy is appropriately positioned at mildly restrictive levels Inflation is too high, and was too high even before the war started The US is on track to continue modest growth Consumers are spending but at a slower pace Households and firms…
United Kingdom CFTC GBP NC Net Positions climbed from previous £-64.3K to £-61.4K
S&P 500 +0.44% Nasdaq Composite +0.58% The latest catalyst for the push into new all-time highs was yesterday’s Axios report saying that US and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran’s nuclear program, but President Trump has yet to give his final approval. The most…
