Geopolitical tensions between the US and Iran escalated over the weekend, causing market sentiment to dive. The US dollar reclaimed its footing, hitting a one-week high as the optimistic “peace deal” narrative crumbled. The immediate market direction hinges on diplomatic efforts ahead of Tuesday’s ceasefire deadline. The overall outlook anticipates the DXY to maintain a […]
The post Oil Surges 6% as Sentiment Sours, Nikkei Rises. US-Iran Developments in Focus appeared first on ActionForex.
Germany’s GfK Consumer Climate for May fell sharply from -28.1 to -33.3, marking its lowest level since February 2023 and signaling further deterioration in household sentiment. The decline reflects mounting pressure on consumers as inflation Read more…
Daily Pivots: (S1) 159.13; (P) 159.49; (R1) 159.73; More… Range trading continues in USD/JPY and intraday bias remains neutral for the moment. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to Read more…
Daily Pivots: (S1) 0.7837; (P) 0.7858; (R1) 0.7870; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is expected as long as 0.7933 resistance holds. On the downside, sustained break of 61.8% Read more…