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 …
Read More »Gold Surges 1.1% as Iran Peace Hopes Crush Dollar and Yields: Silver and Platinum Join the Rally
Key Takeaways Gold jumps: Spot gold rose 1.1% to $4,558.55 per ounce, while gold futures gained 0.8% to $4,593.34. Silver surges: Spot silver jumped 2.9% to $77.7250 per ounce. Platinum rallies: Spot platinum climbed 2% to $1,968.12 per ounce. Dollar and yields retreat: A sharp drop in both the greenback …
Read More »Brent Crashes Below $100 as Rubio Touts “Pretty Solid” Hormuz Framework: But Nuclear Standoff and Blockade Cloud the Picture
Key Takeaways Brent breaks $100: Futures slid 5.6% to $97.74 per barrel — the weakest level in nearly three weeks. WTI plunges: U.S. crude fell 6.1% to $90.71 per barrel. Rubio’s “pretty solid” framework: The Secretary of State said the U.S. and Iran have a solid framework deal on reopening …
Read More »Asian Stocks Rocket to Records as Trump’s Hormuz MOU Claim Sends Oil Below $100: Nikkei Hits All-Time High
Key Takeaways Nikkei hits record: Japan’s benchmark index surged as much as 3.3% to an all-time high of 65,408.87 points. TOPIX also records: The broader index climbed 1.6% to 3,953.89 — another all-time high. Chip stocks lead: Renesas Electronics and Rohm each surged 10% on AI and semiconductor momentum. Nasdaq …
Read More »U.S. Consumer Sentiment Crashes to All-Time Low: Iran War Gasoline Shock Sends Inflation Fears to Multi-Decade Highs
Key Takeaways Record low sentiment: The University of Michigan’s Consumer Sentiment Index plunged to an all-time low of 44.8 in May, down from 48.2 earlier in the month and 49.8 in April. Missed expectations: Economists had forecast no change from the preliminary 48.2 reading. Gasoline the culprit: Surging pump prices …
Read More »Dollar Holds Near 6-Week High as Iran Peace Talks Keep FX Markets in Limbo: Pound Dragged by Retail Sales Slump
Key Takeaways Dollar steady: The DXY held mostly unchanged at 99.30, remaining near a six-week high. Euro slips: EUR/USD fell 0.2% to $1.1599, while the British pound dropped 0.1% to $1.3424. UK retail sales drag: The pound was weighed down by UK retail sales declining by the most in almost …
Read More »Wall Street Futures Edge Higher as Iran Talks Teeter: Take-Two Soars on GTA VI Countdown, IBM Quantum Wins $2B
Key Takeaways Futures nudge up: Dow futures rose 96 points (+0.2%), S&P 500 futures inched up 0.1%, and Nasdaq 100 futures were mostly unchanged. Iran narrative “hopeful but uncertain”: Vital Knowledge says the White House is “extremely eager to avoid escalation” but “large differences still need to be ironed out.” …
Read More »Gold Slides Toward Weekly Loss as Oil Rebound and Dollar Strength Crush Bullion: Iran Peace Talks Swing Between Hope and Despair
Key Takeaways Gold extends losses: Spot gold fell 0.3% to $4,532.11 per ounce, while gold futures dropped 0.6% to $4,532.05. Dramatic fall from peak: Bullion has dropped sharply from around $5,400 per ounce before the conflict began in late February. Oil rebounds: Brent crude advanced again, well above pre-war levels, …
Read More »Oil Rebounds as Iran Peace Deal Rumors Swirl: Brent Still Up 50%+ From Pre-War Levels Despite Weekly Slide
Key Takeaways Friday rebound: Brent crude jumped 1.5% to $104.12 per barrel, while WTI rose 1% to $93.84. Brutal weekly loss: Both contracts fell 4-7% this week on Iran peace deal optimism. Draft deal reported: Reports on Thursday said the U.S. and Iran had reached a final draft peace agreement …
Read More »Bitcoin Slides Near $77K on Weekly Loss: $200M Liquidation Wave Hits as Iran Uranium Standoff Dashes Peace Hopes
Key Takeaways Bitcoin falls: The world’s largest crypto slipped 0.5% to $77,487.8, heading for a 1% weekly loss. Liquidations surge: CoinGlass data showed $200 million in crypto liquidations over the past 24 hours. Iran sticking points persist: Tehran’s uranium stockpile and Hormuz toll plans remain unresolved major obstacles. Khamenei holds …
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