Gold is currently being driven more by risk appetite and equity market sentiment than by traditional safe-haven demand. This week is critical, with major US tech earnings, the Fed decision, and uncertainty around Powell’s future, all acting as key catalysts. Oil prices also remain relevant, but their impact is indirect, influencing gold through inflation expectations, US yields, and the dollar rather than acting as a direct driver. Technically, gold is struggling below $4850

GBP/USD is currently trading just below the April high around 1.3590, as markets wait for a strong trigger. The pair is facing pressure from US dollar strength driven by geopolitical tensions. However, interest rate hike expectations from BOE is supporting the pound. Any positive development from the Iran war will decrease the energy risk faced by Europe and will have a positive impact on the pound, pushing GBP/USD higher. Technically, price is trading near the 1.3530–1.3550

USD/CHF remains supported mainly by higher US yields and geopolitical uncertainty, while expectations that the Swiss National Bank may limit excessive franc strength are also helping the pair hold steady. At the same time, safe-haven demand for the Swiss franc is keeping upside movement limited. Technically, 0.7800 is the key support level. As long as the price stays above it, the pair may continue higher toward 0.7940 (200 DMA). However, a break below 0.7800 could shift mome

EUR/USD and GBP/USD remain the best opportunities if the US dollar weakens. Watch how geopolitical developments and major economic triggers could move the market. Important entry logic, targets, and risk levels are covered in this update.

The carry trade is a popular forex strategy where traders try to earn from interest rate differences between two currencies. The idea is simple. You borrow a currency with a low interest rate and buy a currency with a higher interest rate. If the rate gap stays wide and the price moves in your favour, you can earn from both swap income and price movement. Because of this, carry trades are widely used by both retail traders and large institutions. In the spot forex market, car

Rising tensions in the Middle East are keeping crude oil prices elevated, and this is currently the main driver of the USD/JPY direction. Higher oil prices are pushing US yields higher while weakening the yen due to Japan’s dependence on imported energy. Because of this, the pair is trading more like a risk asset than a safe haven right now. Technically, USD/JPY has broken above the 159.30 resistance, which may now act as support. As long as the price holds above this level,

Gold is facing short-term weakness and indecision after falling nearly 2% over the last three sessions and failing to move closer to the $5,000 level. Buying interest remains limited as risk appetite improves and investors shift toward risk assets instead of safe-haven assets like gold. Expectations of possible US–Iran negotiations and rising market confidence are reducing demand for gold. At the same time, activity in the gold futures market has slightly increased recently,

If US–Iran negotiations continue and the Strait of Hormuz remains open, geopolitical risk is likely to stay lower. This reduces safe-haven demand for the US dollar and can keep the dollar slightly weaker in the short term, especially as falling oil prices remove some inflation pressure. However, the downside in the dollar may remain limited unless the geopolitical situation improves more clearly and permanently. Despite broader USD softness, USD/JPY has stayed relatively stro

If negotiations between the US and Iran continue and the Strait of Hormuz stays open, the biggest immediate effect is lower geopolitical risk. That usually reduces the safe-haven demand for the US dollar, which can keep the dollar capped or slightly weaker. Progress toward reopening the Strait of Hormuz and ending the conflict is generally negative to slightly bearish for the dollar in the short term, mainly because oil falls and safe-haven demand fades. But the move is likel

The dollar index is expected to remain under pressure since it hasn't risen since April 13th. The Swiss Franc (CHF) and Canadian Dollar (CAD) have made the most substantial gains against the USD since then, and there is still potential for further gains. Therefore, selling USD/CHF and USD/CAD might be a better strategy than buying EUR/USD, buying GBP/USD, or selling USD/JPY. More details and key levels are available in the video.