Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

GBP/USD clings to daily gains near 1.3350

GBP/USD holds just in positive territory around 1.3350 on Friday as the Greenback keeps a vacillating price action. With Fed rate hike expectations easing and US markets closed for the Independence Day holiday, Cable remains on track to post solid weekly gains.

EUR/USD remains sidelined around 1.1440

EUR/USD holds on to its recent gains and consolidates around 1.1440 at the end of the week as the US Dollar lacks clear direction. In the meantime, trading conditions remain subdued, with volatility constrained by the closure of US markets for the Independence Day holiday.

Gold eases from two-week top as Hormuz risks support USD; remains near $4,200

Gold struggles to capitalize on its strength beyond $4,200 and retreats slightly from a two-week high touched during the Asian session on Monday. The US Dollar edges lower amid persistent geopolitical uncertainties stemming from tensions in the Strait of Hormuz, acting as a headwind for the bullion. However, receding Fed-hike bets might hold back USD bulls from placing aggressive bets and help limit the downside for the non-yielding yellow metal.

Week ahead: ISM services PMI and Fed Minutes to shake Fed hike bets

Dollar drops on NFP, but rate hike still expected by year-end. ISM services PMI and Fed minutes are the greenback’s next catalysts. RBNZ expected to raise rates, focus will be on forward guidance. ECB minutes, China CPI and Canada’s jobs report also on the agenda.

The Iran war failed to trigger a recession. Can the US economy keep defying expectations?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.