The dollar weakened broadly at the start of the week, weighed down by improved risk sentiment as hopes increased for a potential US–Iran agreement to reopen the Strait of Hormuz and ease concerns over prolonged supply disruptions. Although the dollar opened with a bearish gap and slipped to a 10-day low, price action remains contained within the…

Brent crude opened with a bearish gap and fell to its lowest level in more than two weeks on Monday at $96.88, driven by renewed optimism over a potential US–Iran peace deal, although key negotiation points remain unresolved. The decline accelerated after breaking key support levels, including the rising trendline and the 55-day moving average…

Gold posted a modest recovery on Wednesday after breaking below the key $4500 support zone, marked by the 50% Fibonacci retracement of the $4099/$4889 rally and a recent higher base, reinforcing broader bearish pressure in the near term. A combination of partial profit-taking after oversold conditions and easing concerns in the Middle East,…

The dollar regained momentum on Tuesday following the previous session’s sharp decline, as the Dollar Index once again tested the key resistance zone at 99.20/30, marked by the 61.8% Fibonacci retracement of the 100.48/97.40 decline and the top of the daily Ichimoku cloud, where rallies had repeatedly stalled over the past two sessions. Ongoing…

Brent crude surged to a two-week high in early Monday trading, building on last week’s 4.5% rally as escalating tensions in the Middle East and diminishing hopes for a peace agreement continued to support oil prices following the latest attack on a nuclear facility in the UAE. The latest bullish extension from the May 7 higher low at $96.09…

Gold remains under pressure for a second straight session, weighed down by a stronger dollar amid rising uncertainty in the Middle East and fading expectations for potential Federal Reserve rate cuts, after both US consumer and producer inflation accelerated notably in April. The fundamental backdrop remains mixed. The Fed is increasingly…

USDJPY extended its rally into a third consecutive session, supported by growing geopolitical uncertainty after Middle East peace talks stalled, which reinforced demand for the dollar as a safe-haven asset. Additional support came from the latest rise in US inflation, which strengthened expectations that the Federal Reserve will maintain a hawkish…

Cable dropped around 0.8% on Tuesday as the political crisis in the UK deepened, after several lawmakers called on Prime Minister Keir Starmer to resign following heavy losses suffered by the Labour Party in the latest local elections. Sterling weakened alongside UK equities, while long-dated British borrowing costs climbed to their highest…