USD/JPY Rallies to Highs as USD Ascending Triangle Breaks
On Friday the US Dollar was testing support in the ascending triangle formation but for the past month and change the currency had held up fairly well as the USD/JPY rally came back to life. As I covered in the Friday article and video, I still think that USD/JPY is a primary push point for the DXY basket which then carries impact into EUR/USD, GBP/USD and other USD pairs, but with the weekend events in Iran both the US Dollar and USD/JPY broke out in a big way to start the week.
AUD/USD drops on Iran conflict rhetoric and firm US data
AUD/USD drops on Iran conflict rhetoric and firm US data
US Appeals Court Reopens Tariff Refund Case After Supreme Court Ruling
The US Court of Appeals for the Federal Circuit denied the Trump administration's request to delay proceedings in the tariff refund dispute. The case has been sent back to the US Court of International Trade following the Supreme Court's decision that deemed the tariffs unlawful.
NZD/USD weakens as risk-off sentiment lifts the US Dollar
NZD/USD weakens as risk-off sentiment lifts the US Dollar
U.S. Treasury Imposes Sanctions on Rwanda's Defense Force
The U.S. Treasury Department has announced sanctions targeting Rwanda's Defense Force, as stated on their official website. These measures aim to address specific concerns related to Rwanda's military activities.
Gold rallies towards $5,300 as Mideast war, Oil spike stoke haven bid
Gold rallies towards $5,300 as Mideast war, Oil spike stoke haven bid
Yellen Says Iran Situation Keeps Fed on Hold with Interest Rates
U.S. Treasury Secretary Janet Yellen stated that geopolitical tensions involving Iran are causing the Federal Reserve to remain cautious and keep interest rates unchanged for the time being. This uncertainty is prompting the Fed to adopt a wait-and-see approach regarding future rate adjustments.
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Dives 7% As Traders Focus On Rising Energy Prices
The U.S. operation in Iran may put pressure on the global economy and reduce demand for silver.
Trump Warns Iran's Ballistic Missile Program Threatens US and Europe
Former President Trump stated that Iran's expanding ballistic missile program posed a significant threat to the United States and that the Iranian regime possessed missiles capable of reaching Europe. His remarks highlight ongoing security concerns related to Iran's missile capabilities.
EUR/USD Outlook: The dollar regains strength amid escalating geopolitical tensions
At the start of the week, EUR/USD has shown a significant decline, falling more than 1% in the short term, with price action clearly favoring the US dollar.