IqraFx

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.25% on Thursday 19 June in line with consensus and market pricing.Data has surprised to the downside since the past meeting with the job market showing more pronounced signs of cooling. We think this will support the notion of

Oil jumped as much as 13% after Israel launched a major and unprecedented attack on Iran, targeting nuclear and military facilities. While the news isn’t entirely surprising—there had been reports of Israel preparing action and the U.S. ordered Americans to leave the region earlier this week—the Isr

The week started on a quiet note in the US and with some weakness in Europe, where many were off due to a religious holiday. But futures are in positive territory this morning as traders return to their desks. One of the main drivers of optimism is the renewed momentum in US/China trade talks. The f

Weaker-than-expected U.S. economic data, with the May ISM Services Index dropping and ADP employment rising by only 37,000 jobs, both missing forecasts, drove down bond yields and the dollar as markets anticipated a softer Federal Reserve stance on rate cuts, with 57bps of cuts priced in for 2025. S

Gold is extending gains above $3360 after bouncing from the $3,355 support level.The U.S. dollar remains capped below 99.129, limiting any meaningful recovery, benefiting Gold.As long as Gold holds above $3355, the path toward $3400 and $3500 remains open. Gold is extending gains this Tuesday, tradi

The Magnificent Seven ETF (MAGS) offers investors targeted exposure to a select group of seven leading U.S. technology and growth companies. These corporations are often regarded as market pacesetters driving innovation and performance. Designed to capitalize on the strength of these industry giants

Canada's economy grew at an annual rate of 2.2% in Q1.USD/CAD trades marginally lower on the day below 1.3800. Canada's real Gross Domestic Product (GDP) grew by 0.5% on a quarterly basis in the first quarter, Statistics Canada reported on Friday. This reading matched the 0.5% expansion recorded in

Japan’s Chief Trade Negotiator and Economy Minister Ryosei Akazawa said on Thursday that he “wants to meet with US Treasury Secretary Scott Bessent this time” to conduct ministerial talks. Additional comments Will continue demanding US to reconsider tariff measures. Will conduct ministerial talks on

European Central Bank (ECB) policymaker Robert Holzmann said on Tuesday that “the ECB should pause further interest rate cuts until at least September.” Additional quotes We should keep out powder dry given the US-EU trade war. No reason to lower rates in June and July. Cutting further would be more