U.S. dollar firms with ongoing Iran jitters, upcoming inflation data in focus

US Stock Benchmarks are fairly muted after the announcement except for Tech, rallying strong Traders are still questioning the impact of the tariffs cancelling ahead of a heavy risk-weekend Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Tariffs have been a large cloud over Markets for the past 15 months, and they…

Just six days ago, we highlighted the historic breakthrough of the $3,200 level for the first time. Now, as the XAU/USD chart shows today, the price of an ounce of gold on global exchanges is fluctuating above $3,300. Bullish sentiment is being driven by a weakening US dollar and rising trade tensions between the United…

It is surprising to conclude a week that hasn’t been marked by any crazy geopolitical headline or regime-changing event, yet markets were no less volatile. After last week’s gigantic drop in Metals, a wave of anxiety took traders by surprise, who embarked on a deleveraging journey – As we’ve seen since October, the previously undefeated…

Enough experience in the forex market can delude some traders into believing that they can fully predict price action. After all, if you have years of screen time under your belt and you’ve put in the 10,000 hours in developing your analytical skills, it can be tempting to assume that you know the markets inside…

The main highlight of the session was the UK labour market report. The data was softer than expected across the board with the unemployment rate rising to the highest level since February 2021 and wage growth surprising to the downside. The market responded by firming up expectations for a 25 bps rate cut at the…