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Source: Action Forex News Agency
3 weeks ago
Forex Medium Importance
Iran Escalation Pushes Brent Toward $102 as Gold Cracks $4,300

Iran Escalation Pushes Brent Toward $102 as Gold Cracks $4,300

TL;DR: The same Iran escalation is pushing Brent toward $102 through supply risk while dragging Gold toward $4,230 through the rate channel — higher oil raises inflation expectations, higher expected rates raise the opportunity cost of holding bullion, and that rate channel is currently overpowering geopolitical demand for Gold.

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XAUUSD XAU/USD
Source: Action Forex
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Source: Forexcom News Agency
3 weeks ago
Forex Medium Importance
AU GDP Unlikely to Derail RBA Hike, AUD/USD Eyes ISM, NFP

AU GDP Unlikely to Derail RBA Hike, AUD/USD Eyes ISM, NFP

Australian GDP growth remained modest in Q2, but did little to challenge expectations for further RBA tightening. With AUD/USD already retracing alongside a firmer US dollar, attention now turns to ISM and NFP for the next directional catalyst.

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AUDUSD AUD/USD
Source: Forexcom
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