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Israeli Air Strikes on Iran Raise Strait of Hormuz Risks, Lift Safe-Haven Currencies
Israeli Air Strikes on Iran Raise Strait of Hormuz Risks, Lift Safe-Haven Currencies
News Discussion Forum
By Finance Magnates
Israeli Air Strikes on Iran Raise Strait of Hormuz Risks, Lift Safe-Haven Currencies
The Israeli strikes on Iranian military sites have created fresh uncertainty in global financial markets. As a result, investors are showing signs of risk aversion.
forex
oil
retail
retail FX
The USD has moved higher after Israel's strike on Iran nuclear facilities. What next?
The USD has moved higher after Israel's strike on Iran nuclear facilities. What next?
IN this video, I take a technical look at the 3 major currency pairs - the EURUSD , USDJPY and GBPUSD
EU gas storage: half full or half empty? – Commerzbank
EU gas storage: half full or half empty? – Commerzbank
The mood on the European gas market remains nervous: the next futures contract for the reference price TTF is now trading 5% higher than Tuesday's low, Commerzbank's commodity analyst Barbara Lambrecht notes.
Gas
Banks
Energy
EUR fades a portion of this week’s gains on sentiment and softer data – Scotiabank
EUR fades a portion of this week’s gains on sentiment and softer data – Scotiabank
The Euro (EUR) is weak, down 0.6% and fully retracing Thursday’s ECB (and US PPI)-driven rally, fading back to the psychologically important 1.15 level.
EURUSD
Banks
Technical Analysis
ECB
Forecast revision also for Silver, Platinum and Palladium – Commerzbank
Forecast revision also for Silver, Platinum and Palladium – Commerzbank
In addition to Gold, we have also revised upwards our forecasts for Silver, Platinum and Palladium, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Commodities
Platinum
Silver
Gold Price Forecast: XAU/USD resumes its uptrend with $3,440 on focus
Gold Price Forecast: XAU/USD resumes its uptrend with $3,440 on focus
Gold (XAU/USD) appreciates for the third consecutive day on Friday, and is on track for a weekly rally beyond 3%.
Gold
Commodities
XAUUSD
Technical Analysis
UpTrend
CAD soft vs. USD but performing well vs. peers – Scotiabank
CAD soft vs. USD but performing well vs. peers – Scotiabank
The Canadian Dollar (CAD) is trading marginally lower vs. the US Dollar (USD) while performing well against most of the G10 currencies, its performance insulated by the Canadian dollar’s relationship to oil prices, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Canada
BOC
Technical Analysis
Gold price benefits from moderate US price data – Commerzbank
Gold price benefits from moderate US price data – Commerzbank
The Gold price rose to $3,445 per troy ounce overnight in response to Israel's attacks on Iran, the highest level since the record high almost two months ago, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
XAUUSD
Banks
Metals
USD strengthens on geopolitical risks as oil offers CAD support – Scotiabank
USD strengthens on geopolitical risks as oil offers CAD support – Scotiabank
The US Dollar (USD) is strengthening broadly on the back of geopolitical tensions as market participants respond to news of Israeli airstrikes launched against Iran, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
Technical Analysis
USDCAD
DollarIndex
USD/CNH: Likely to trade in a range between 7.1700 and 7.1950 – UOB Group
USD/CNH: Likely to trade in a range between 7.1700 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1950. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
ForexLive European FX news wrap: Dollar gains as Israel and Iran tensions run high
ForexLive European FX news wrap: Dollar gains as Israel and Iran tensions run high
Forex news from the European morning session on Jun 13, 2025
Session wrap
Wrap Europe
US Oil production has apparently passed its peak – Commerzbank
US Oil production has apparently passed its peak – Commerzbank
In its latest monthly report, the US Energy Information Administration (EIA) has revised its forecast for US Oil production downwards, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
Brent
USD/JPY: Further decline may not reach 142.20 today – UOB Group
USD/JPY: Further decline may not reach 142.20 today – UOB Group
Strong momentum could outweigh oversold conditions, but any further decline in US Dollar (USD) may not reach 142.20 today.
USDJPY
Technical Analysis
Banks
Gold remains in demand as a safe haven – Commerzbank
Gold remains in demand as a safe haven – Commerzbank
In response to Israel's attacks on Iran, the price of Gold also jumped, albeit without reaching a new record high, Commerzbank's commodity analysts Barbara Lambrecht and Carsten Fritsch notes.
Gold
XAUUSD
Banks
Commodities
Metals
NZD/USD: Unlikely to reach 0.5970 – UOB Group
NZD/USD: Unlikely to reach 0.5970 – UOB Group
New Zealand Dollar (NZD) could weaken further against US Dollar (USD), but it is unlikely to reach 0.5970; note that there is another support level at 0.5995.
NZDUSD
Technical Analysis
Banks
Gold: Uptrend resumes toward $3500 – Société Générale
Gold: Uptrend resumes toward $3500 – Société Générale
Gold resumes its upward trajectory after holding key support levels, now challenging recent highs with upside targets in sight, Société Générale's FX analysts note.
Gold
XAUUSD
Banks
Metals
Technical Analysis
UpTrend
AUD/USD: Major support at 0.6430 is unlikely to come under threat – UOB Group
AUD/USD: Major support at 0.6430 is unlikely to come under threat – UOB Group
There is scope for Australian Dollar (AUD) to decline to 0.6460 against US Dollar (USD); the major support at 0.6430 is unlikely to come under threat.
AUDUSD
Technical Analysis
Banks
Gold holds firm as Iran-Israel war overshadows positive US sentiment data
Gold holds firm as Iran-Israel war overshadows positive US sentiment data
Gold (XAU/USD) is extending its gains as Israel's attacks on Iran continue, supporting demand for the safe-haven precious metal.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
Brent confirms double bottom – Société Générale
Brent confirms double bottom – Société Générale
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note.
Banks
Brent
Oil
Technical Analysis
GBP/USD: A move to 1.3700 can be expected above 1.3640 – UOB Group
GBP/USD: A move to 1.3700 can be expected above 1.3640 – UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3540/1.3640. In the longer run, GBP must first close above 1.3640 before a move to 1.3700 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
GBP: A rough week gets rougher – ING
GBP: A rough week gets rougher – ING
The week has been a rather negative one for the pound’s domestic drivers, ING's FX analyst Francesco Pesole notes.
Banks
GBPUSD
Technical Analysis
AUD/JPY Price Forecast: Recovers early losses sharply
AUD/JPY Price Forecast: Recovers early losses sharply
The AUD/JPY pair claws back a majority of early losses and rebounds from the intraday low of 92.32 during European trading hours on Friday. Still, the pair is down 0.5% to near 93.30.
AUDJPY
BOJ
MiddleEast
SupportResistance
RiskAversion
GBP/USD: Rally stalled – OCBC
GBP/USD: Rally stalled – OCBC
Pound Sterling (GBP) had a choppy session overnight. Pair was last at 1.3533 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBPUSD
Banks
Technical Analysis
USD: Geopolitical risk opens room for brief dollar rebound – ING
USD: Geopolitical risk opens room for brief dollar rebound – ING
The dollar is stronger across the board this morning after Israel attacked Iran's nuclear facilities. The main transmission channel from this specific geopolitical risk and FX is the price of oil, which has rallied around 8% since the Israeli strike.
DollarIndex
Banks
Technical Analysis
Fed
Breaking: US UoM Consumer Sentiment Index improved in June
Breaking: US UoM Consumer Sentiment Index improved in June
American consumer confidence regained its smile in early June, as households grew more optimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.
Breaking
UnitedStates
DollarIndex
ConsumerConfidence
TradeWar
FBS Analysts Link Fed Signals to a Potential Crypto Comeback
FBS Analysts Link Fed Signals to a Potential Crypto Comeback
News Discussion Forum
By Finance Magnates
FBS Analysts Link Fed Signals to a Potential Crypto Comeback
A more supportive environment exists for cryptocurrencies and other risk-sensitive assets.
WTI nears $73.00 with Middle East tensions keeping downside attempts limited
WTI nears $73.00 with Middle East tensions keeping downside attempts limited
Oil prices have rallied beyond 7% so far today, boosted by growing concerns of a full-blown war in the Middle East that would ignite an already volatile region and cause a severe disruption in global Oil supply.Israel attacked Iran with unprecedented strength earlier today, hitting key nuclear sites
Oil
WTI
Commodities
SBI Ven Capital Invests €1m in Colossus Digital's Bridge Round
SBI Ven Capital Invests €1m in Colossus Digital's Bridge Round
News Discussion Forum
By Finance Magnates
SBI Ven Capital Invests €1m in Colossus Digital's Bridge Round
The funding aims to accelerate the rollout of Colossus Digital’s Institutional Hub, a two-sided B2B marketplace
Funding
CMC Markets Generated 8% FY25 Revenue from Spread Betting Offerings in the UK
CMC Markets Generated 8% FY25 Revenue from Spread Betting Offerings in the UK
News Discussion Forum
By Finance Magnates
CMC Markets Generated 8% FY25 Revenue from Spread Betting Offerings in the UK
CMC Markets generated over £27.4 million in revenue from spread betting activities in the financial year ending 31 March 2025. The figure, however, dropped about 4.
CMC Markets
spread-betting
US President Trump: US was aware of Israel’s plans to attack Iran – WSJ
US President Trump: US was aware of Israel’s plans to attack Iran – WSJ
United States (US) President Donald Trump told the Wall Street Journal that the US was aware of Israel's plans to attack Iran. Trump further noted that he spoke with Israeli Prime Minister Benjamin Netanyahu on Thursday and added that he plans to speak with again on Friday.
UnitedStates
MiddleEast
DollarIndex
RiskAversion
Macroeconomics
USD/JPY jumps to near 144.00 while both currencies advance amid Middle East tensions
USD/JPY jumps to near 144.00 while both currencies advance amid Middle East tensions
The USD/JPY pair climbs to near 144.00 during European trading hours on Friday after recovering early losses. The pair strengthens as the US Dollar (USD) outperforms across the board amid growing war tensions between Israel and Iran.
USDJPY
BOJ
Fed
MiddleEast
RiskAversion
Trump: Iran must make a deal before there is nothing left
Trump: Iran must make a deal before there is nothing left
US president Trump comments on Truth Social
Politics
DXY: Return of safe haven – OCBC
DXY: Return of safe haven – OCBC
US Dollar (USD) fell overnight as US PPI data underwhelmed. DXY was last at 98.32 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis