Forex Market

The economic world bid farewell to one of its most influential figures, who passed away at the age of 100. His leadership shaped decades of monetary policy and left a lasting mark on the Federal Reserve. As the institution reflects on his legacy, it also steps into a new era …

Less than a week after the United States and Iran signed a 60-day framework aimed at reducing tensions and restoring stability in the Middle East, significant disagreements have already emerged over what the deal actually requires. While both governments publicly support the agreement, their descriptions of several key provisions differ …

Gold prices moved higher as the week began, supported by improving market sentiment after signs of progress in diplomatic efforts between the United States and Iran helped reduce fears of a major disruption to global energy supplies. The shift in expectations pushed oil prices lower, easing concerns that a new …

The resignation of Prime Minister Keir Starmer has sent a fresh wave of uncertainty through British financial markets, reigniting concerns about the country’s political stability and economic direction. The immediate reaction was felt in the currency market, where the British Pound came under pressure as investors rushed to assess the …

Key Takeaways Sterling at 3-month low: The pound languished near its lowest level since late March against the dollar and hit one-month lows against the euro. Starmer’s exit the catalyst: The prime minister’s resignation announcement sent the currency into a tailspin. Burnham’s victory triggered the crisis: Andy Burnham’s decisive parliamentary …

Key Takeaways Starmer steps down: The UK prime minister announced Monday he will resign as Labour leader and prime minister after months of mounting political pressure. Orderly handover pledged: Starmer said he will remain in post until a leadership contest is completed to ensure a smooth transition. Trigger: Burnham’s by-election …

Key Takeaways Inflation surges: Canada’s annual CPI accelerated to 3.2% in May — a 29-month high — well above the 3.0% forecast and April’s 2.8%. Monthly CPI jumps: The monthly rate rose 1.0% — the highest monthly increase in 15 months — exceeding the 0.8% expected. Gasoline the culprit: Pump …

Key Takeaways Gold bounces: Spot gold rose 1.1% to $4,205.05 per ounce, while gold futures climbed 1.2% to $4,223.42 — snapping three straight sessions of losses. Coming off a tough week: Bullion slipped 1.4% last week following the Fed’s hawkish signals. Iran progress supports: FM Araghchi’s “major progress” claim from …

Key Takeaways Cautious open: The Stoxx 600 edged 0.1% higher; DAX was largely flat; CAC 40 gained 0.1%; FTSE MIB dipped 0.1%. FTSE 100 holds steady: Markets await an official statement from Downing Street after reports Keir Starmer is poised to resign. Starmer political crisis: Media reports say the UK …

It was a week full of significant events that influenced the movement of asset prices in global financial markets, including political developments such as the US-Iran peace agreement, alongside other factors related to monetary policy and additional market drivers, which we review in this weekly summary. Peace in the Middle …