Gold remains vulnerable as markets dial back Fed rate cut bets on Oil surge
Gold (XAU/USD) trims some intraday losses on Monday after coming under heavy selling pressure at the start of the week. The mild recovery comes as the US Dollar (USD) and Treasury yields ease somewhat from recent highs as markets digest shifting macro and geopolitical drivers. At the time of writing, XAU/USD is trading around $5,100, […]
Indian Rupee sinks to all-time low against US Dollar as oil spikes above $100
The Indian Rupee (INR) sinks to a fresh all-time low against the US Dollar (USD) on Monday, with the USD/INR pair surging to near 92.80. The pair rallies as the Indian Rupee faces the heat of the boiling oil prices, and the US Dollar strengthens due to risk-off market sentiment and higher oil prices. On […]
Multi-year high above $126 looks possible
West Texas Intermediate (WTI), futures on NYMEX, give back some of its early gains after surging almost 28% to a fresh three-and-a-half-year high at around $113.00 during the early European trading session on Monday. The oil price corrects from its intraday high after reports that G7 members and the International Energy Agency (IEA) will discuss the […]
USD/CHF rises above 0.7800 on safe-haven demand, rising energy prices
USD/CHF has recovered its recent losses from the previous session, trading around 0.7820 during the Asian hours on Monday. The pair appreciates as the Greenback benefits from its “twin status as a safe-haven and energy exporter. CBA economists said in a report, “Iran is incentivized to strike back to gain leverage in future negotiations to […]
Israel warns Lebanon of ‘heavy price’ as bombs hit Beirut
Israel’s Defense Minister Israel Katz on Saturday warned the Lebanese government to disarm Hezbollah or “pay a very heavy price.” “We (ISRAEL) have no territorial claims against Lebanon, but we will not accept a situation where what existed for many years — firing from Lebanese territory toward the State of Israel — is renewed,” Katz […]
