A week ahead preview: The Peace repricing continues and Bulls can't get enough, with an upcoming second round of US-Iran talks expected to produce significant results this weekend. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
Forex
The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Friday, with USD/CHF on track for a second consecutive weekly decline as the Greenback remains under pressure amid improving market sentiment on hopes of a potential US-Iran deal.
Forex
The AUD/USD surged toward the 0.7200 price region on Friday, as improving headlines out of the Middle East weigh on the US Dollar (USD) and support risk-sensitive currencies like the Australian Dollar (AUD).
USD/JPY Technical Analysis: The Japanese Yen enters corrective phase as the US and Iran announce the reopening of the Strait of Hormuz, easing the immense pressure on Asia's energy imports. With the Bank of Japan's rate hike expectations fading and a bearish Head and Shoulders pattern taking shape, traders weigh an end to the US Dollar's recent dominance. Explore a multi-timeframe analysis of the Gopher.
Forex
The Euro (EUR) edges higher against the US Dollar (USD) on Friday as the Greenback comes under heavy selling pressure after Iran’s decision to reopen the Strait of Hormuz improved overall market sentiment and raised hopes for a potential US-Iran peace agreement.
West Texas Intermediate (WTI) US Oil price collapses on Friday, trading near $81.50 at the time of writing after losing 9.12% during the day. The move marks a sharp acceleration lower after the Crude briefly surged above $90 earlier in the day before sellers took control.
Forex
United Overseas Bank’s (UOB) strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD reversed sharply after nearing 1.3600, with intraday downside now expected to stay within a 1.3495–1.3555 range.
Forex
The USD/CHF pair trades 0.15% lower at around 0.7825 during the European trading session on Friday. The Swiss Franc pair faces selling pressure as optimism towards a permanent ceasefire between the United States (US) and Iran has diminished the appeal of safe-haven assets.
Forex
The Euro (EUR) edges higher against the US Dollar (USD) on Friday's European trading session, as the latter loses ground amid a moderate risk appetite.
Forex
EUR/GBP trades around 0.8715 on Friday at the time of writing, up 0.06% on the day, as the Euro (EUR) finds moderate support from stronger inflation data in the Eurozone while the Pound Sterling (GBP) remains constrained by cautious signals from the Bank of England (BoE).
