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Middle East War updates: Trump holds off Iran strikes on pledge Hormuz deal is close
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
US and Israel plan to attack Iran's energy infrastructure – CBS News
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran's energy infrastructure, said multiple sources.
NZD/USD Price Forecast: Bulls eye 0.6000 after SMA break
The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995.
Forecasting the upcoming week: US labor market takes center stage after hawkish Fed split
The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data.
USD/CHF Price Forecast: Bulls defend 50-day SMA as rebound builds
The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional intervention, following Thursday's action by Japanese
Gold slides as US yields surge, keeping $4,100 out of reach
Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.
United States CFTC Oil NC Net Positions up to 120.1K from previous 81.7K
United States CFTC Oil NC Net Positions up to 120.1K from previous 81.7K
United Kingdom CFTC GBP NC Net Positions dipped from previous £-55.6K to £-64.8K
United Kingdom CFTC GBP NC Net Positions dipped from previous £-55.6K to £-64.8K
Australia CFTC AUD NC Net Positions dipped from previous $-37.7KÂ to $-40K
Australia CFTC AUD NC Net Positions dipped from previous $-37.7KÂ to $-40K
United States CFTC S&P 500 NC Net Positions declined to $-17.2K from previous $-16.8K
United States CFTC S&P 500 NC Net Positions declined to $-17.2K from previous $-16.8K
Eurozone CFTC EUR NC Net Positions declined to €-72.4K from previous €-41.3K
Eurozone CFTC EUR NC Net Positions declined to €-72.4K from previous €-41.3K
United States CFTC Gold NC Net Positions fell from previous $183.9K to $182.1K
United States CFTC Gold NC Net Positions fell from previous $183.9K to $182.1K
Japan CFTC JPY NC Net Positions declined to ¥-163.4K from previous ¥-152.1K
Japan CFTC JPY NC Net Positions declined to ¥-163.4K from previous ¥-152.1K