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Dow Jones futures rise as renewed Middle East tensions de-escalate
Dow Jones futures gain 0.18%, trading near 49,790 during the early European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.30% to near 7,390, and the Nasdaq 100 futures advance 0.48% above 28,820.
Forex Today: US Dollar holds firm amid fragile US-Iran peace talks
The US Dollar Index (DXY) is trading with a softer tone near the 98.10 area as markets continue reacting to rapidly shifting headlines surrounding the potential peace agreement between the United States (US) and Iran.Fxstreet
Thu, May 7
DXY rebounds as Iran hope trade unwinds: is the safe-haven bid back?
The morning belonged to the deal: Asia had ripped overnight, with the Nikkei 225 clearing 62,000 for the first time on a session that gained north of 5%, and US futures came in primed for another leg of the Iran ceasefire trade.
Fxstreet
Thu, May 7
USD: Dollar support from easing Oil and reserve flows – BNY
BNY’s Geoff Yu notes that expectations of progress toward peace in Iran are driving a bond rally and shaping flows in the United States (US) Treasury market. As Oil prices fall and real rates reprice, he argues exporter surpluses and reserve management trends could again favor the US Dollar (USD).Fxstreet
Thu, May 7
USD: Softer tone as Fed seen delaying cuts – MUFG
MUFG’s Lloyd Chan notes the US Dollar (USD) has softened as US Dollar Index (DXY) retests support and US yields fall, while equities hit new highs. Recent US data show stronger ADP employment but worrying ISM services inflation and weak employment.Fxstreet
Thu, May 7
Dow Jones futures advance on signs of easing US-Iran tensions
Dow Jones futures gain 0.23%, trading near 50,150 during the European hours on Thursday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.18% to near 7,400, and the Nasdaq 100 futures advance 0.21% above 28,780.Forex Today: DXY falls after Middle East tensions ease, markets eye US NFP
The US Dollar Index (DXY) slides near the 98.00 area, with limited losses supported by resilient United States (US) data but capped by improving risk sentiment after Axios reported that the US and Iran are moving closer to a deal aimed at ending the conflict.Fxstreet
Wed, May 6
Dow Jones Industrial Average rallies over 1% on Iran deal hopes
US equities pushed higher on Wednesday as risk appetite returned on signs that the US-Iran conflict could be heading toward a broader resolution. The Dow Jones Industrial Average (DJIA) added roughly 540 points to close above 49,800 after testing levels near 50,000 intraday.Fxstreet
Wed, May 6
US Dollar Index (DXY) drops below 98.00 on hopes of a US-Iran peace deal
The US Dollar (USD) depreciates against its main peers on Wednesday amid hopes that the US and Iran are close to a deal to end the war. The USD Index (DXY), which measures the US Dollar against a basket of currencies, drops more than 0.7% on the day, approaching pre-war levels at 97.50.Fxstreet
Wed, May 6
Dow Jones futures advance on signs of easing US-Iran tensions
Dow Jones futures gain 0.17%, trading near 49,500 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.28% to near 7,310, and the Nasdaq 100 futures advance 0.70% above 28,330.Featured Tools
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