The Iran war didn’t break the US economy, but what happens next?
Nearly four months after the start of the Iran war, the US economy remains remarkably resilient.
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Gold Price Forecast: XAU/USD remains a lose-lose trade despite the US-Iran peace deal
Gold is refreshing weekly lows near $4,175 in Friday’s Asian session as sellers refuse to give up and look to clinch a third straight weekly loss.
FX daily: US holiday offers Japan intervention window
The dollar has retained its post-Fed gains, keeping USD/JPY well bid. Today’s US holiday may offer attractive liquidity conditions for new JPY FX intervention. In the UK, Andy Burnham secured a parliamentary seat and is widely expected to become the new Prime Minister in coming months.
Gold Price Forecast: XAU/UISD remains a lose-lose trade despite the US-Iran peace deal
Gold is refreshing weekly lows near $4,175 in Friday’s Asian session as sellers refuse to give up and look to clinch a third straight weekly loss.
Back above 100: Kevin Warsh’s first Fed meeting sparks US Dollar rally
The US Dollar Index (DXY) did a phoenix comeback, rising from its ashes and reconquering 100. The reasons behind the US Dollar rally are pretty clear: the Memorandum of Understanding (MOU) between the United States (US) and Iran, and a hawkish Federal Reserve (Fed).
Australian Dollar Price Forecast: Initial contention comes at 0.7000
The Aussie Dollar is still looking for a fresh catalyst to resume its upward trend, which began in late March and appears to have lost momentum ahead of the 0.7300 hurdle in early May.