GBP/USD climbs from 1.3369 low as Bowman signals July rate cut could be appropriate. US strikes on Iran nuclear sites spark market volatility; Iranian parliament approves closing the Strait of Hormuz. UK Flash Services PMI improves to 51.3; US Manufacturing beats, Services dips slightly. The Pound Sterling (GBP) advances during the North American session, up 0.37% against the US…
EUR/AUD has been cruising higher inside an ascending trend channel, and it looks like the latest bounce off the top could trigger a correction to support. Here are the levels to watch on the 4-hour chart. EUR/AUD 4-hour Forex Chart by TradingView This pair popped sharply to test its ascending channel resistance early in the week, as traders reacted…
U.S. President Donald Trump announced Monday that a “complete and total” ceasefire between Israel and Iran would come into effect to end what he dubbed “THE 12 DAY WAR.” “On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to…
Iran is yet to respond to US bombing of nuclear sites over the weekend. Oil prices give up some gains as all out war fails to emerge from US joining Israel’s war against Iran. Fed’s Bowman gives thumbs up to July rate cut. Existing Home Sales and S&P Global PMIs data improve on consensus expectations. Despite the US bombing…
The announcement from Trump of a ceasefire was very soon followed by officials in Iran denying it, and soon after by other officials confirming it. The denials are back: Iranian Fars News reports that an informed source has denied Trump’s ceasefire claim. Speaking to Fars News, the source stated that the ceasefire proposal announced by U.S. President Donald Trump…
, Indian Rupee trims early losses after safe-haven flows lifted the Dollar on US strikes against Iranian nuclear sites. USD/INR climbed close to the psychological 87.00 level before reversing as mixed US PMI data capped Dollar strength. US PMI data painted a mixed picture — the Composite PMI dipped slightly to 52.8, the Services PMI eased to 53.1 from…
This week, our currency strategists focused on the Bank of Japan monetary policy decision and its potential impact on JPY crosses amid mixed risk sentiment and elevated geopolitical tensions. Out of the four scenario/price outlook discussions this week, one discussion arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay….
HSBC has revised its euro forecast higher, now projecting the single currency to reach $1.20 against the U.S. dollar by the end of 2025. The upgrade reflects what the bank sees as a growing global shift away from reliance on the greenback — a structural de-dollarization theme it has begun to factor more explicitly into its outlook. The bank…
The Dow Jones Industrial Average (DJIA) pulled back from Monday’s early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week. According to early reporting, Iranian militants have launched a rocket strike targeting the Al-Asad Airbase, which is jointly operated by the US Air Force and the Iraqi Air Force. Iran is poised…
2025.06.23 2025.06.23 Greenback Gains as US-Iran Tensions Jolt Markets. Forecast as of 23.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The long-term outlook for the US dollar remains uncertain, but the escalating conflict in the Middle East is providing support for the US currency. The greenback has once again emerged as a preferred safe-haven asset. Let’s discuss this topic and make a trading plan…
