KaneForex
Market News
12 articles
Why is the Gold price rebounding amid easing US-Iran tensions?
Gold price (XAU/USD) trades in positive territory near $4,240 during the early European session on Friday. The precious metal rebounds from a six-month low after US President Donald Trump said he canceled planned military strikes against Iran, fueling hopes that a US-Iran truce deal is close. Read t
GBP/JPY Price Forecast: Consolidates as intervention woes cap upside
The Pound Sterling ended Thursday’s session almost flat at around 214.70 as market sentiment fluctuated but ultimately improved after US President Donald Trump cancelled attacks and hinted at a possible deal in place. The GBP/JPY traded with gains of almost 0.04%. Read the full article at FX Street
British Pound Sterling banks a peace rally as the bills come due
The British Pound spent most of Thursday doing what everything else did, leaking lower while Washington and Tehran traded fire, then exploding higher when President Trump canceled the evening's planned strikes just after 17:30 GMT and declared a deal all but done. Read the full article at FX Street
Japanese Yen gets a rescue Tokyo did not pay for
USD/JPY spent the entire session glued to the area around 160.50, and it took the cancellation of a war, rather than anything out of Tokyo, to finally knock it lower. Read the full article at FX Street →
Australian Dollar rallies on a peace deal missing one signature
The Australian Dollar spent most of Thursday pinned beneath the 0.7000 handle while Washington and Tehran traded fire for a second straight day. Read the full article at FX Street →
Gold surges as Trump signals weekend Iran accord
Gold prices rally sharply on Thursday after US President Donald Trump revealed that the US and Iran are close to agreeing on a deal, which weakened the US Dollar and underpinned the yellow metal, trimming some of Wednesday’s losses. The XAU/USD trades at $4,212, up 3.50% Read the full article at FX
EUR/USD Price Forecast: Rises towards 1.1600 but RSI remains bearish
The EUR/USD surges over 0.36% as the Greenback turns negative on the day, as US President Donald Trump cancelled strikes on Iran, saying that the US and Iran are ironing out the final points of a peace agreement. At the time of writing, the pair trades at 1.1579. Read the full article at FX Street →
Forex Today: US Dollar retreats from ten-week high, ECB outlook weighs on Euro
The US Dollar Index (DXY) fell sharply to the 99.60 level after climbing to a three-month high earlier in the session, as investors locked in profits despite the United States (USD) Core Producers Price Index (PPI) rising 0.4% MoM in May and holding at 4.9% YoY. Read the full article at FX Street →
Singapore Dollar: Downside risk against US Dollar stays in focus – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a mildly positive stance on USD/SGD, looking for a test of 1.2900 in the near term while seeing 1.2915 as a tougher hurdle. On a 1–3 week horizon, they maintain that gains remain intact as long as 1.2830 holds. Read the full article at
Silver Price Forecast: XAG/USD rallies after hitting a low of $61.50, but remains bearish
Silver (XAG/USD) price advances over 4% on Thursday after bouncing off daily lows of $61.51, its lowest level since March 23, after US President Donald Trump announced he cancelled scheduled attacks against Iran this evening, saying that final points of an agreement have been approved. Read the full
Dollar eases from two-month high a day ahead of key U.S. consumer inflation data
Read the full article at Investing.com Forex →
Morgan Stanley sees US dollar weakening as Fed holds rates
Read the full article at Investing.com Forex →