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Forex
Japanese Yen holds steady amid US-Iran tensions
The USD/JPY pair trades on a flat note near 159.65 during the early Asian session on Monday. The pair steadies as traders continue to assess the developments surrounding the…
Open the Strait of you’ll be living in hell
United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social.Tuesday will be…
NZD/USD hovers above mid-term lows at 0.5700 with US NFP on tap
The New Zealand Dollar (NZD) is showing the weakest performance among major currencies in an otherwise calm Good Friday session, with most markets closed on bank holidays. The Kiwi…
AUD/USD eases toward 0.6900 heading into the US NFP release
The Australian Dollar’s (AUD) recovery attempt against the US Dollar (USD) has been capped a few pips ahead of the 0.6920 level. The pair has been trimming gains on Friday,…
Euro consolidates within recent ranges, awaiting US employment figures
The Euro (EUR) is trading sideways between 1.1530 and 1.1550 against the US Dollar (USD) in a holiday-thinned session, with most markets closed on Good Friday. The pair is on track…
A rising trendline that has earned its reputation, and $98.00 is the next test
Something caught my attention on the daily chart of Rio Tinto (RIO) this week, and it wasn't the sharp recovery off the recent lows, though that's worth noting too. It was the…
We can easily reopen the Hormuz Strait
United States President Donald Trump is on the wires on Good Friday, claiming on Truth Social that the US can easily reopen the Strait of Hormuz, take the oil, and make a…
EUR/USD holds steady despite strong US jobs data
EUR/USD trades in a tight range on Friday as a stronger-than-expected US Nonfarm Payrolls (NFP) report lends support to the US Dollar (USD), while the Euro (EUR) holds relatively…
AUD/USD trims gains after strong US NFP
AUD/USD reverses earlier gains on Friday as stronger-than-expected US Nonfarm Payrolls (NFP) data supports the US Dollar (USD), adding modest pressure on the Australian Dollar…
US S&P Global Services PMI posts first contraction since 2023
The US S&P Global Services PMI in March reported that business activity in the sector is slowing sharply, falling to contractionary territory for the first time since January…