Tag: forex

Canada’s economy unexpectedly contracted by -0.1% mom in March, missing expectations for a 0.1% expansion and partially reversing February’s 0.2% gain. The weakness was concentrated in goods-producing industries, which fell -0.8% and recorded their fifth decline in the past six months. Lower activity in mining, quarrying, oil and gas extraction, as well as construction, accounted…

Elusive US-Iran deal keeps inflation fears alive amid resilient risk appetite. US jobs data to take spotlight as hawkish Fed soundbites grow. Eurozone flash CPI to be eyed too as ECB preps for June rate hike. But will the yen steal the show as it re-enters 160 zone? US-Iran Drama Keeps Traders Gripped It’s been…

Global markets are ending the week firmly in risk-on mode, but the enthusiasm is far from evenly distributed. Equity investors are aggressively embracing both AI-driven optimism and growing hopes that the United States and Iran are moving closer to a formal agreement extending the current ceasefire. Reports that negotiators have drafted a 60-day memorandum of…

Welcome to today’s Market Blast. Today, we will take a look at Forex Trading on the S&P500, the Dow Jones, CADCHF, GBPCAD, AUDNZD, WTI, and Brent Crude Oil. We looked at crude oil last time, and the last thing we want to do is to second-guess the reliability of ceasefire talks in the Iran war….

Markets have spent the past 24 hours receiving what should have been overwhelmingly Dollar-negative news. Negotiators from Washington and Tehran reportedly finalized a draft framework that would extend the current ceasefire, reopen the Strait of Hormuz, lift restrictions on Iranian oil exports, and reduce one of the largest geopolitical risks hanging over global markets. The…

Switzerland’s KOF Economic Barometer rose marginally from 97.8 to 98.0 in May, extending the modest improvement seen in the previous month. However, the leading indicator remains below its medium-term average, suggesting that the outlook for the Swiss economy continues to be subdued despite signs of stabilization. The latest reading points to an economy that is…

The short‑term Elliott Wave view in Gold (XAUUSD) shows that the yellow metal has completed a three‑swing correction from the April 17, 2026 high. The pullback unfolded as a zigzag, with wave A ending at $4499.92 and wave B at $4773.58. Gold then declined in wave C to $4365.13, completing wave (2) as seen on…

Key Highlights USD/JPY seems to be struggling to clear the 159.65 resistance. It traded below a bullish trend line with support at 159.40 on the 4-hour chart. EUR/USD is still struggling to clear the 1.1675 resistance zone. Gold corrected some losses and tested the $4,525 resistance. USD/JPY Technical Analysis The US Dollar climbed above 158.50…

Markets are rallying due to the finalization of the Peace Memorandum, but final agreement by Trump and Khamenei are still awaited While Nasdaq continues to price heaven and shoot for it, the DJIA is surprisingly unchanged Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Stock Markets are rallying after major diplomatic progress,…