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April 29, 2026

Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
The EUR/USD pair retreated to a ten-day low as the safe-haven greenback gained traction. But losses were pared on Friday after reports that Iranian officials were heading to Pakistan for negotiations.
The British pound traded higher on above expectations manufacturing and retail sales data last week, building expectations that the Bank of England is likely to increase rates in the coming months.
The USD/JPY rose to a ten-day peak as the yen weakened following Bank of Japan Governor Ueda’s comments downplaying the possibility of hikes in the short term.
Gold prices traded lower as traders took some profits, despite ongoing uncertainty in the Middle East amid mixed reports on the chances of a meeting between US and Iranian negotiators over the weekend.
US S&P 500 stocks increased to post fresh record highs, driven by strong first-quarter earnings results by companies such as Intel and Tesla, and on suggestions that the US and Iran could resume negotiations over the weekend.
Oil prices surged to an almost two-week high as traders fretted over how long the Hormuz Strait would remain largely closed. Although the US extended its ceasefire on Tuesday, it appears that the country and Iran remain in disagreement about the conditions for its re-opening.