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FXStreet

Gold dives as Hormuz clash boosts the US Dollar

Gold prices fell over 1.6% to below $4,500 as the US Dollar gained strength following renewed geopolitical tensions in the Hormuz Strait, triggered by US military strikes in southern Iran. The XAU/USD pair hit a daily hi...

FXStreet

USD/JPY Price Forecast: Hurdles 159.00 but upside capped on intervention fears

The USD/JPY pair has shown a notable recovery, rising over 0.25% as buyers push past the 159.00 level, a key psychological barrier. The pair currently trades at 159.38, with traders eyeing the 159.50 resistance zone as a...

Finance Magnates

Kira Financial Appoints Ex-FP Markets Exec Sophie Stabler as Head of Global Partnerships

Kira Financial, a UAE-based multi-asset broker, has appointed Sophie Stabler as Head of Global Partnerships. Stabler brings over a decade of experience in forex and CFD brokerage, having previously held leadership roles...

FXStreet

Forex Today: Australian inflation takes centre stage alongside geopolitics

The US Dollar (USD) regained strength on Tuesday after reversing Monday's losses, driven by renewed geopolitical tensions around the US-Iran peace deal and the reopening of the Strait of Hormuz. Meanwhile, Australia's in...

CoinDesk

UK sanctions Huobi and ruble stablecoin issuer in crackdown on Russia crypto networks

The UK has imposed banking-style sanctions on cryptocurrency exchanges for the first time, targeting Chinese exchange Huobi and a ruble-pegged stablecoin issuer. These measures require UK financial institutions to freeze...

Investing.com

WTI Midlands crude differentials fall as Vitol buys cargo below previous levels

Vitol, a major global energy trader, has purchased a cargo of WTI Midlands crude oil at prices below recent levels, contributing to a decline in the crude differentials. The move reflects increased market liquidity and p...

FXStreet

Turkish Lira: Political stress and energy shock drive weaker Lira – MUFG

MUFG analysts have highlighted escalating risks for the Turkish lira (TRY) against the US dollar (USD), driven by domestic political instability and energy-related terms-of-trade shocks. The report underscores how Turkey...

CoinTelegraph

Spanish authorities block Polymarket and Kalshi over gambling laws

Spanish authorities have restricted access to prediction market platforms Polymarket and Kalshi, citing concerns over unlicensed gambling activities. The move aligns with global regulatory scrutiny of decentralized platf...

Investing.com

European wheat prices climb as heat wave threatens crops

European wheat prices have surged due to a prolonged heatwave threatening crops in key growing regions. The extreme weather, particularly in France and Germany, has raised concerns about reduced harvests, with analysts e...

Investing.com

Fed should move toward hiking rates as inflation rises, says Citadel Securities

Citadel Securities, a major financial services firm, has urged the Federal Reserve to consider raising interest rates amid rising inflationary pressures. The firm highlighted that persistent inflation, driven by strong c...

FXStreet

Brent: Extended Hormuz closure and $200/bbl stress case – Societe Generale

Societe Generale analysts have modeled a low-probability but high-impact scenario where the Strait of Hormuz remains closed until 2026, a critical chokepoint for global oil exports. This hypothetical disruption could pus...

FXStreet

British Pound retreats as renewed Iran tensions boost demand for the Greenback

The British Pound (GBP) fell against the US Dollar (USD) on Tuesday as renewed US military action in southern Iran heightened geopolitical tensions, prompting investors to seek safe-haven assets. GBP/USD traded near 1.34...

FXStreet

US Dollar: Supported by higher-for-longer Fed stance – TD Securities

TD Securities' latest report highlights that the US Dollar remains supported by the Federal Reserve's higher-for-longer interest rate policy. The bank attributes this stance to stagflationary risks stemming from the Iran...

FXStreet

Euro slips as Hormuz firefight revives US Dollar demand

The Euro (EUR) fell against the US Dollar (USD) as tensions escalated between the US and Iran near the Strait of Hormuz. The conflict, involving an exchange of fire in a strategically critical oil corridor, triggered a f...

ActionForex

Dollar Contradicts the Peace Trade – EUR/USD, GBP/USD and Dollar Index Overview

The U.S. dollar showed unexpected resilience against the 'peace trade' narrative, maintaining strength despite positive geopolitical developments. While U.S. stock markets opened with optimism, currency and commodity mar...

InvestingLive

USDJPY breaks above last week’s high. Can the buyers keep momentum going?

The USD/JPY pair has surged past last week's high of 159.337, reaching 159.35, driven by a breakout above its 100-hour moving average (MA) at 159.008. Sellers attempted to push the price below the 100-hour MA at the star...

InvestingLive

The GBPUSD sellers are making a play with the price back below the 100 day MA

The GBPUSD pair has fallen back below its 100-day moving average at 1.34748, signaling a shift in momentum toward sellers. The price briefly moved above this key technical level twice in the past 24 hours but failed to s...

Argaam

‎Argaam congratulates readers, followers on Eid Al-Adha

Argaam, a prominent Saudi financial news platform, has extended Eid Al-Adha greetings to its readers and outlined the holiday schedules for Gulf markets. Key dates include Tadawul (May 24–31), Dubai and Abu Dhabi (May 26...

CoinDesk

TeraWulf jumps 13% on AI data center expansion in Kentucky

TeraWulf, a former Bitcoin mining company now transitioning to high-performance computing (HPC) infrastructure, announced plans to build a 1 gigawatt AI data center in Kentucky. The project aims to capitalize on the grow...

FXStreet

Silver Price Forecast: XAG/USD consolidates with bearish undertone below key moving averages

Silver prices (XAG/USD) declined nearly 2% to $76.43 amid a stronger U.S. Dollar and elevated expectations of a hawkish Federal Reserve policy. The decline is compounded by geopolitical tensions in the Middle East, which...