Forex Today: No indications of a US-Iran agreement, upcoming Fed rate decision
Here’s what’s happening on Wednesday, April 29th. Major currency pairs are showing usual mid-week volatility as traders prepare for significant central bank announcements. Today’s European Economic Calendar features Germany’s consumer price index (CPI) data for April, along with insights on economic conditions and consumer sentiment within the euro area. Additionally, the Bank of Canada (BoC) […]
Trump dismisses Iran’s nuclear offer as US-Iran peace discussions come to a standstill
Negotiations with Iran seem to be stalling, although you might not label it as “peace talks.” Recently, President Trump shot down J.D. Vance’s scheduled visit to a meeting that wasn’t even happening and also called off delegations from Steve Witkoff and Jared Kushner. Now, Iran has presented a proposal that favors their position, which Trump […]
EUR/USD rises as the Fed’s decision approaches and US-Iran tensions limit Dollar’s decline
The euro (EUR) managed to reduce some of its earlier losses against the US dollar (USD) on Tuesday. This came as the greenback seemed to lose steam, with traders reassessing their positions ahead of Wednesday’s Federal Reserve interest rate decision. There’s also ongoing attention to the situation in the Middle East. Currently, the EUR/USD is […]
Iran’s foreign minister meets with Putin following the breakdown of US-Iran nuclear negotiations
Iran’s Foreign Minister Meets Putin Amid U.S. Negotiation Breakdown Iran’s foreign minister, Abbas Araghchi, met with Russian President Vladimir Putin on Monday as diplomatic talks between the United States and Iran hit a snag. Tensions are mounting, particularly in the Strait of Hormuz, which is crucial for global oil transport. Araghchi’s visit to Moscow follows […]
USD/JPY inches closer to the 160.00 mark as the US-Iran deadlock bolsters the US dollar
Basic Overview USD: The US dollar has been on a gradual rise since Tuesday, largely because the ongoing US-Iran tensions have led to profit-taking on expectations of a weaker dollar. There’s still no indication that further talks will take place after Iran declined to send a delegation to Islamabad on Tuesday, pointing to the US […]
10 Stocks Rising Over 40% in 12 Sessions During US-Iran Ceasefire Discussions
Interestingly, all ten of the highlighted companies are tech-focused, not energy-related. Their valuations have been affected by a mix of factors like inflation concerns fueled by rising oil prices, potential supply chain disruptions in the Strait of Hormuz, and a general risk-averse atmosphere that has brought down high-multiplier stocks during the conflict. The rotation among […]
EUR/USD stays close to 1.1800 as optimism grows over US-Iran discussions.
EUR/USD Remains Steady After Recent Gains The EUR/USD remains unchanged after enjoying seven consecutive days of increases, hovering around 1.1790 during Wednesday’s Asian trading session. This pair might continue to see upward momentum as the U.S. dollar shows signs of weakening, fueled by a growing belief that negotiations between the United States and Iran might […]
Bitcoin price drops below $71K as tensions from the US-Iran conflict lead to sell-off.
Bitcoin Price Drops After US-Iran Negotiation Setback Bitcoin (BTC) declined by 3% as the week wrapped up on Sunday, falling below the $71,000 mark following the collapse of negotiations aimed at resolving tensions between the United States and Iran. Key Points: Bitcoin has seen a decrease as discussions between the US and Iran falter. The […]
Dishonest Pakistan poses a threat to important US-Iran discussions
President Donald Trump’s two-week ceasefire with Iran carries significant risks, particularly with Pakistan stepping in as a mediator. This is noteworthy because Pakistan is the country where Osama bin Laden hid for a decade following the 9/11 attacks. For 20 years, the Taliban found refuge there, continuing to target American and NATO forces on their […]
Israel increases attacks on Middle East targets despite US-Iran truce
Trump Announces Ceasefire with Iran President Donald Trump revealed that a two-week ceasefire with Iran was established on Tuesday night after discussions with Pakistan’s Prime Minister Shehbaz Sharif. Trump mentioned receiving a 10-point proposal from Iran, which he described as a “workable basis for negotiations.” In a follow-up statement, Iran’s Foreign Minister Seyyed Abbas Araghchi […]