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Editors’ Picks
EUR/USD consolidates gains near 1.1700 ahead of US data
EUR/USD is consolidating its latest upside near 1.1700 in European trading on Thursday. The US Dollar remains weak across the board as investors stay wary about the future of the Fed’s independence in Trump’s 2.0 era. The focus now shifts toward ECB-speak and mid-tier US data for fresh impetus.
GBP/USD stays firm above 1.3700, near fresh multi-year highs
GBP/USD holds its winning streak for the fourth successive session, trading above 1.3700 in the European session on Thursday. The pair hangs close to three-year highs amid sustained US Dollar weakness, in light of US President Trump’s fresh attack on the Fed’s credibility. US data and BoE-speak awaited.
Gold price retains its positive bias amid a broadly weaker USD; lacks bullish conviction
Gold price trades with a mild positive for the second straight day on Thursday, though it lacks follow-through and remains below the $3,350 level through the early European session. Reports that US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell raised concerns over the future independence of the US central bank.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
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