Bob Mason

3 days ago | fxempire.com | Bob Mason

DAX Hits Eight-Day High as Iran and Israel Agree to CeasefireEuropean equity markets rebounded on news of an Iran-Israel ceasefire. On Tuesday, June 24, the DAX rallied 1.60%, reversing Monday’s 0.35% loss to close at 23,642. US President Trump announced an Iran-Israel ceasefire shortly after the US market close on June 23, driving demand for risk assets. WTI crude oil prices slid 3.41% on June 24 to close at $64.495 after plunging 9.22% on June 23.

3 days ago | fxempire.com | Bob Mason

Middle East Ceasefire and Powell Testimony Fuel Market OptimismThe crucial Iran-Israel ceasefire continued driving demand for risk assets on Tuesday, June 24, as WTI Crude Oil Prices dropped to a nine-day low on easing supply disruption jitters. WTI Crude Oil fell 3.41% on June 24, closing at $64.495. Notably, crude had struck a June 23 high of $75.795 before the ceasefire-triggered sell-off. Fed Chair Powell testimony on Capitol Hill added momentum, signaling a potential Q3 Fed rate cut.

3 days ago | fxempire.com | Bob Mason

SEC vs. Ripple Case Optimism Boosts XRP DemandMarket focus returned to the SEC vs. Ripple case on Tuesday, June 24 as investors awaited Judge Analisa Torres’ crucial ruling on proposed settlement terms. Optimism about a favorable ruling on the settlement terms has bolstered XRP demand as markets recover from the Middle East conflict-triggered sell-off. On June 12, the SEC and Ripple filed a second joint motion, requesting an indicative ruling on settlement terms.

3 days ago | fxempire.com | Bob Mason

Bank of Japan Summary of Opinions Spotlights the YenOn Wednesday, June 25, the Bank of Japan and USD/JPY took center stage amid shifting sentiment toward the Bank’s rate path. The Summary of Opinions offered insights into policymakers’ stances on inflation, the economic outlook, and the timing of the next rate hike. Key opinions included:Japan’s economic growth is likely to moderate due to the effects of trade and other policies in each jurisdiction.

4 days ago | fxempire.com | Bob Mason

DAX Soars as President Trump Declares Iran-Israel Ceasefire: What’s Next for the DAX? President Trump boosted demand for risk assets by announcing an Iran-Israel ceasefire. The DAX jumped 1.98% to 23,731 in early trading on Tuesday, June 24.