Air Raid Sirens Sounded in Safed for First Time in Over a Month
Air raid sirens were activated in Safed, Israel, marking the first occurrence in approximately six weeks. This development signals renewed security concerns in the region.
Gold weekly outlook: Can XAU/USD extend recovery as US-Iran ceasefire hopes grow?
Gold managed to claw back some ground over the last couple of sessions, but despite the rebound, the precious metal still end.
UAE's Real GDP Expected to Grow 6.2% in 2025 Compared to 2024
The UAE's real GDP is projected to increase by 6.2% in 2025 compared to 2024, according to the state news agency. This growth indicates a strong economic outlook for the country in the coming year.
Russia Recalls Ambassador to Armenia Amid Rising Tensions Over Armenia's European Tilt
Russia has recalled its ambassador to Armenia for consultations in Moscow following increasing tensions with Armenia due to the latter's shift towards closer ties with Europe. This diplomatic move underscores the strained relations between the two countries in the South Caucasus region.
Saudi Arabia Urges US to Pressure UAE to Halt Strikes on Iranian Targets to Avoid Energy Market Disruption
Saudi Arabia privately urged the United States in early April to pressure the UAE to cease its retaliatory strikes on Iranian sites, warning that ongoing attacks risk Iranian countermeasures against Gulf energy infrastructure and could spike oil prices. Riyadh called for Abu Dhabi to join diplomatic efforts to stabilize the situation.
Stronger Norwegian Krone with EUR/NOK Seen Falling to 10.50: Goldman Sachs
Goldman Sachs analysts remain constructive on the Norwegian Krone outlook, arguing that the NOK's energy exposure continues to make it one of the strongest-performing currencies in global FX markets. The bank says NOK's "energy credentials have propelled it to some of the best returns across global FX over the past few months", with.
Global Stock Markets Mixed as EUR/USD Slightly Declines
Major global stock indices showed modest gains with the DAX, Dow, Nasdaq, and FTSE all rising slightly, while the Hang Seng edged down marginally. The EUR/USD currency pair experienced a minor decline of 0.02%, indicating slight forex market movement amid stable commodity prices.
USD/CAD Forecast: Scotiabank Flags "Textbook Bullish Reversal" for Canadian Dollar
The US Dollar to Canadian Dollar (USD/CAD) exchange rate traded close to 1.3804 at the end of May, leaving the Canadian Dollar around 1.6% weaker over the month after the pair climbed from lows near 1.3550 earlier in May. Scotiabank believes the recent move may be losing momentum.
Mexican Peso Forecast 2026: Rabobank Sees USD/MXN Rising as Carry Trade Appeal Fades
The Mexican Peso remains one of the stronger emerging market currencies in 2026, with USD/MXN trading near 17.35 after falling steadily from levels above 18.00 earlier this year. The Peso has also remained firm against major currencies, with EUR/MXN at 20.24 and GBP/MXN at 23.35.
US Dollar Forecast: Tariff Refunds and Inflation Drive USDJPY, EURUSD, GBPUSD
Tariff refunds may ease pressure on U.S. businesses and households, but weak growth, lower savings, and sticky inflation keep the U.S. dollar outlook uncertain across USDJPY, EURUSD, and GBPUSD.