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Dollar Firms as Iran Strikes and PCE Inflation Test Grip Markets: Yen Approaches Dreaded 160 Level

Key Takeaways Dollar rises: The DXY climbed 0.2% to 99.36, hovering around its strongest level since April. Euro and pound retreat: EUR/USD slipped 0.1% to $1.1614, while GBP/USD fell 0.2% to $1.3396. Strikes resume: The U.S. attacked targets in southern Iran, drawing IRGC retaliation against a U.S. base in Kuwait. …

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Wall Street Futures Dip as Iran Strikes Resume: PCE Inflation Test Looms as S&P Eyes Record 9th Straight Weekly Gain

Key Takeaways Futures fall: Dow futures dropped 60 points (-0.1%), S&P 500 futures fell 0.2%, and Nasdaq 100 futures slipped 0.4%. Wall Street held records: All three major indexes closed at all-time highs Wednesday as traders focused on earnings and AI. S&P’s streak at stake: The benchmark is on pace …

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U.S. and Iran Trade Strikes Again: Kuwait Base Hit as Peace Deal Evaporates and Oil Surges

Key Takeaways Direct military exchange: The U.S. struck targets near Bandar Abbas; Iran’s IRGC retaliated by hitting a U.S. military base in Kuwait. Kuwait defends against attacks: Kuwaiti authorities confirmed defending against drone and missile strikes. U.S. downs Iranian drones: Reuters reported the U.S. military shot down four Iranian attack …

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Wall Street Futures Slip After Record Run: Iran Strikes Resume and PCE Inflation Test Looms

Key Takeaways Futures ease: S&P 500 futures fell 0.2% to 7,525.20, Nasdaq 100 futures dropped 0.5% to 29,890.75, and Dow futures ticked down 0.1% to 50,703.0. Record session overnight: All three major indexes hit all-time closing highs after Iranian state media reported a draft Hormuz framework was being discussed. Fresh …

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Gold Stuck in Tight Range as Iran Strikes Reignite Inflation Fears: PCE Data Could Seal the Deal on Rate Hikes

Key Takeaways Gold falls: Spot gold dropped 0.4% to $4,438.92 per ounce, while gold futures eased 0.3% to $4,467.57. Range-bound for 10 days: Spot prices have been trapped between $4,400 and $4,600 per ounce since mid-May. Silver and platinum retreat: Spot silver fell 0.9% to $73.9595/oz, while spot platinum dropped …

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War Reignites: Iran Strikes U.S. Airbase in Kuwait as Peace Deal Hopes Collapse and Oil Surges 4%

Key Takeaways Crude rockets higher: Brent surged 3.8% to $97.83 per barrel, while WTI jumped 4% to $92.26 — recouping a bulk of this week’s sharp losses. Iran hits U.S. airbase: Iran’s Revolutionary Guard confirmed strikes on a U.S. airbase in Kuwait in retaliation for American attacks on Bandar Abbas. …

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Asian Stocks Retreat as U.S. Launches Fresh Iran Strikes: Nikkei Pulls Back from Record Highs as PCE Data Looms

Key Takeaways Asian stock markets retreated on Thursday as fresh U.S. military strikes on Iran dampened recent investor optimism over a near-term peace agreement, while traders turned cautious ahead of key U.S. inflation data later in the day. Wall Street’s major indexes closed at all-time highs overnight on hopes of …

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Brent Crashes Below $100 as Iran Framework Deal Emerges: Tehran Drops Toll Threat But Hormuz Details Murky

Key Takeaways Brent breaks $100: The global benchmark plunged 4.7% to $95.55 per barrel, while WTI slid 5.1% to $91.70. Framework deal reached: Iran and the U.S. have reached a framework of an agreement, per an Iranian foreign ministry spokesperson. Hormuz specifics missing: The current MOU draft does not include …

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Dollar Retreats as Iran Peace Hopes Flush Out Safe-Haven Premium: Rupee Rebounds on RBI’s “Whatever It Takes” Pledge

Key Takeaways Dollar softens: The DXY and dollar index futures both fell 0.2%, retreating after modest weekly gains. Holiday-thinned trade: U.S., Hong Kong, and South Korean markets closed, keeping volumes muted. “Largely negotiated”: Trump claimed the U.S.-Iran framework deal is mostly done, covering the war’s end and Hormuz reopening. Rubio’s …

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