Sunday, May 24, 2026

GBP/USD extends recovery to near 20-EMA amid risk-on mood

The GBP/USD pair is up 0.35% to near 1.3480 during the Asian trading session. The Cable trades firmly as market sentiment for riskier assets has improved significantly due to increased hopes of a deal between the United States and Iran. In the Asian trade, S&P 500 futures jump 0.85% to near 7,540, reflecting strong investors’ appetite for risk-sensitive assets. The US Dollar Index trades 0.3% lower to near 99.00.

$4000 at risk: Gold sellers refuse to give up amid hot US inflation, Mideast tensions

  Gold pauses its recovery from seven-month lows of $4,024 in Wednesday’s Asian trading, after facing fresh offers above the $4,100 level. G...