US Pres. Trump: Ready to meet Iran's president to solve nuclear impasse - Reuters

Dhwani Mehta FXStreet

Speaking at the G7 summit in the French resort of Biarritz on Monday, the US President Trump ruled out lifting economic sanctions to compensate for losses suffered by Iran.

However, Trump left doors open for a meeting with the Iranian President Rouhani in the coming week to resolve differences over the nuclear programme.

“I have a good feeling. I think he (Rouhani) is going to want to meet and get their situation straightened out. They are hurting badly,” Trump said.

The comments only added to the positive sentiment around the US indices on Monday amid easing US-China trade tensions.

Author

Dhwani Mehta

FXStreet

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 declines below 1.3550 on soft UK labour figures; traders brace for CPI data

The GBP/USD pair loses ground to around 1.3535 during the early Asian trading hours. The British Pound weakens against the US Dollar amid disappointing UK labour data. Traders will closely watch the release of the UK Consumer Price Index inflation data, which is due later on Wednesday.

EUR/USD strengthens above 1.1550 on fading Fed hike bets

The EUR/USD pair trades with mild gains near 1.1580 during the early Asian session. The US Dollar softens against the Euro as softer US inflation data dialed back expectations of tighter Federal Reserve policy. Traders will take more cues from the European Central Bank President Christine Lagarde’s speech later on Wednesday.

Gold struggles to capitalize on recovery from weekly low as traders await FOMC Minutes

Gold struggles to capitalize on its modest intraday bounce from the weekly low, touched during the Asian session, and currently trades just below $4,350. The US Dollar attracts some sellers, stalling this week's goodish recovery from a two-month low and helping the commodity reverse a part of the previous day's heavy losses.

Shiba Inu's recovery hinges on key support

Shiba Inu recovers slightly, trading at $0.0000044, after finding support around the critical level earlier this week. The dog-themed meme coin shows improving sentiment as social dominance rises, funding rates turn positive, and bullish traders increase their long positions. On the technical side, SHIB suggests a potential recovery if it holds above the key $0.0000043 level.

US President Trump: I have paused 50% tariffs against Canada

Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.” Canada and the USA subject to finalization of documents, have a deal.Keystone XL pipeline may be "awoken from grave".

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.