Market Overview - Page 6

De-escalation pushed gold and EURUSD higher, but the dollar held firm on strong US data. The US and Japan could discuss coordinated forex intervention.

Brent fell 10% on news of progress in US-Iran talks, but a quick return to pre-war levels is unlikely. Depleted reserves will keep Brent above $72 through year-end.

The end of Operation Epic Fury and progress in Iran talks are pressuring the dollar, pushing EURUSD toward 1.1760. Japan continues to intervene while gold rallies above $4,700.

The dollar benefited from a stock market pullback and rising oil prices; Japan has room for further intervention, while the pound is under pressure ahead of elections.

Shifting Fed rate outlook impacts USD. Trade tensions rise. Japan spent $34B on interventions last week while USDJPY and EURJPY show signs of resistance.

Gold fell ~3% this week, continuing its downtrend. Hawkish policy outlook and dollar divergence weigh on prices; $4,400 is the next key support.

The dollar posted its worst April in 10 months as the ECB and BoE signal rate hikes, Japan intervened to push USDJPY below 160, and EURUSD climbed to 1.1740.

The US dollar is getting a boost from the Fed, equities are hovering near record highs, gold is facing headwinds, and Bitcoin has hit a ceiling.

The dollar has strengthened: Powell is stepping down as chair but will remain on the FOMC; Brent crude is above $120. Markets are anticipating 2–3 rate hikes in 2026 due to accelerating inflation.

The US keeps the Strait of Hormuz blocked, pressuring Iran. The UAE left OPEC+, opening the door to higher output. The World Bank raised its 2026 Brent forecast from $60 to $86.

The Fed and ECB are adopting a wait-and-see approach amid geopolitical tensions and inflation; investors are watching their rhetoric and rate decisions as the dollar consolidates.

A US blockade of the Strait of Hormuz could halve Iran’s oil production. Brent is heading towards record highs, while major banks’ forecasts are being significantly revised upwards.