Key Takeaways Modest pullback: The Stoxx 600 dipped 0.2%, Germany’s DAX fell 0.2%, and the U.K.’s FTSE 100 slipped 0.7%, while France’s CAC 40 held mostly flat. Talks restarting in Pakistan: Washington and Tehran are reportedly working with mediators on a one-page framework, with discussions set to kick off next …
Read More »Gold Powers Higher for Third Day: Iran Peace Hopes Crush Inflation Fears as Bullion Eyes Major Rally
Key Takeaways Gold extends rally: Spot gold rose 1% to $4,736.61 per ounce, while U.S. gold futures for June climbed 1.1% to $4,746.86 — building on Wednesday’s 3%+ surge. Biggest daily jump since March: Wednesday’s surge marked the largest single-day gain in over a month. Iran deal driving the rally: …
Read More »Iran Deal D-Day: Tehran Set to Deliver Verdict as Saudi Backlash Forced Trump to Abandon Hormuz Push
Key Takeaways Thursday deadline: Iran is expected to deliver its response to the U.S. peace proposal to mediators by Thursday, per CNN citing a regional source. One-page deal: Reports indicate Washington and Tehran are closing in on a memorandum to end the war and frame nuclear talks. Pakistan progress: Both …
Read More »Oil Steadies After 7% Plunge: Iran Deal Countdown Meets Smaller-Than-Expected U.S. Inventory Drop
Key Takeaways Mild rebound: Brent crude rose 0.3% to $101.55 per barrel, while WTI also gained 0.3% to $95.37 — both stabilizing after Wednesday’s brutal selloff. Massive Wednesday slide: Both contracts crashed more than 7% in the previous session on peace deal hopes. One-page deal nears: Axios reported the White …
Read More »Index Eyes 50,130… Can It Break Through and Rally? 7/5/2026
Dow Jones Industrial Average (DJIA) Technical Analysis The Dow Jones Industrial Average on Wall Street surged during the previous session, climbing to an intraday high of 50,136 on the back of robust buying momentum across the index. Technical Outlook for Today’s Session – 4-Hour Timeframe: On the short-term horizon, the …
Read More »Loonie Continues to Offer Buying Opportunities 7/5/2026
USD/CAD Technical Analysis The USD/CAD pair is consolidating sideways within a narrow trading range, displaying a modestly upward bias after registering an intraday high of 1.3642 during the previous session. Technical Outlook – 4-Hour Timeframe On the short-term horizon, the pair has successfully established a foothold above the 1.3590 support …
Read More »Pound Picks Up Bullish Signals 7/5/2026
GBP/USD Technical Analysis The GBP/USD pair managed to register modest gains during the previous trading session after successfully securing support at the 1.3540 level. Technical Outlook – 4-Hour Timeframe: With respect to intraday dynamics, the simple moving averages have resumed their role as dynamic support beneath the price, reinforcing the …
Read More »Oil Plunges as Support Break Unleashes Heavy Selling 7/5/2026
US Crude Oil (WTI) Technical Analysis US crude oil futures extended their downside trajectory during the previous session, sliding to an intraday low of approximately $88.72 amid mounting selling pressure across the contract. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, prices remain under substantial downward pressure as trading …
Read More »Will Gold Fail at $4,700 or Launch a New Rally? 7/5/2026
Gold (XAU/USD) Technical Analysis Gold prices (XAU/USD) have launched an assault on the psychological $4,700 resistance after several sessions of sideways consolidation, climbing to an intraday high of $4,723 — a development that underscores a clear improvement in buying momentum across the metal. Technical Outlook – 4-Hour Timeframe: On the …
Read More »Euro Eyes 1.1800… Can It Break Through? 7/5/2026
EUR/USD Technical Analysis The EUR/USD pair delivered positive price action during the previous session following a brief breakout above the 1.1730 resistance — a development we had previously flagged as a catalyst for a corrective upside rebound targeting 1.1775. The pair duly extended its advance, printing an intraday high of …
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