Recent content by RichieVo

June 2, 2026 US and Iran Exchange New Strikes – Ceasefire Strains The US struck Iranian radar and command sites over the weekend in “self‑defense” after a drone was shot down. Iran’s Revolutionary Guard retaliated by attacking a US base. This marks the third such exchange since last week...

May 29, 2026 US-Iran Tensions Escalate – Peace Hopes Fade The US carried out a second airstrike on Iranian military facilities within three days, dimming prospects for a peace deal. Iran retaliated by attacking a US base in the Gulf. Key disagreements remain: Tehran insists on controlling...

May 28, 2026 US-Iran Talks: Mixed Signals, but Optimism Persists Oil prices tumbled over 4% to below $89 per barrel on reports of an informal draft agreement between the US and Iran. Iranian state TV claimed a deal is near, but the White House called the report "completely fictitious." US...

Iran Deal Hopes Keep Oil Under Pressure, Gold Holds $4,500, USD Steady Near 99 May 28, 2026 US-Iran Talks Progress, but Details Remain Reports indicate that the US and Iran are close to a 60‑day framework agreement to extend the ceasefire, reopen the Strait of Hormuz, and release some frozen...

May 26, 2026 US-Iran Framework Agreement Nears Markets are buzzing with reports that Washington and Tehran are very close to a 60-day framework agreement. The deal would reopen the Strait of Hormuz, end hostilities, release some frozen Iranian assets, and launch time-bound nuclear talks...

May 25, 2026 Debt Ceiling Deadline Looms Markets are entering a critical week with the US debt ceiling deadline approaching on June 1. Treasury Secretary Janet Yellen warned that the government could run out of cash by early June. Any signs of political gridlock could trigger a flight to...

Markets will close the week with two important data releases: US S&P Global Manufacturing PMI (May) - 0:45 GMT - expected to remain in expansion territory, around 51.5. US Michigan Consumer Sentiment Index (May) - 24:00 GMT - forecast 68.5, with inflation expectations a key component. Oil -...

May 21, 2026 Trump: "One Hour" from Striking Iran – War Could Expand Beyond Middle East Tensions between the US and Iran escalated dramatically overnight. President Trump admitted that he was only "one hour" away from ordering airstrikes on Iran but postponed to allow more time for...

May 20, 2026 The US Dollar Index (DXY) extended its rally, trading near a one-month high around 99.30, after the latest ADP employment report showed US private employers added an average of 42,250 jobs over the previous four weeks – the strongest reading since the weekly series began in October...

May 19, 2026 After a relatively quiet Monday, markets get a few data points today: US NAHB Housing Market Index (May) – 1:00 GMT – expected to remain in contraction but stabilize. EU Trade Balance (Mar) – 20:00 GMT – forecast surplus to widen slightly. US ADP Employment Change (4-week average)...

May 18, 2026 Oil – Geopolitics Still in Control: WTI crude oil started the week near $101 per barrel, after gaining more than 10% last week. The Strait of Hormuz remains effectively closed, and global supply concerns continue to escalate. The International Energy Agency warned that even if the...

After a week packed with CPI, PPI, Jobless Claims, and Retail Sales, today's calendar is lighter but still worth watching: US NY Empire State Manufacturing Index (May) – 23:30 GMT+7 – expected to remain in contraction territory but improve slightly from April. US Industrial Production (MoM)...

Gold vs Oil I've been watching two very different stories unfold in the market this week and thought I'd share a quick breakdown. Hopefully, this helps other newer traders understand what's moving prices. Gold (XAU/USD) is falling: After Tuesday's US inflation report (CPI), gold dropped below...

May 11, 2026 Oil Jumps as US-Iran Talks Stall Oil prices opened the week sharply higher, with WTI climbing above 101.80 and Brent near 104.40 after President Trump dismissed Iran’s latest counterproposal as “completely unacceptable.” Tehran responded by threatening “immediate retaliation” if...

Date: May 5, 2026 All eyes are on Friday’s US Nonfarm Payrolls report – the single most important data point this week. After the RBA rate hike and fresh geopolitical jitters from the Middle East, the April jobs numbers could set the tone for the US dollar, gold, and broader risk sentiment...