Energy vulnerability threatens recent resilience – MUFG

Energy vulnerability threatens recent resilience – MUFG

MUFG’s Head of Research Derek Halpenny warns that the Pound’s (GBP) strong March performance looks vulnerable. He links Sterling’s gains mainly to yields, while highlighting the UK’s rising energy import dependency, shrinking refinery capacity, and risks of refined fuel shortages. With potential risk aversion and a larger terms-of-trade hit, he sees an increased risk of […]

Petrodollar shift and chip trade – Commerzbank

Petrodollar shift and chip trade – Commerzbank

Commerzbank’s Volkmar Baur argues that fears over an end to the petrodollar do not automatically imply a loss of the US Dollar’s reserve status. He notes Gulf oil’s declining share in global exports, the stagnation of Oil volumes, and the rising dominance of semiconductor trade, with Taiwan’s USD‑invoiced chip exports and Treasury holdings now rivaling […]

XAG/USD holds losses near $74.00 on Middle East peace hopes

XAG/USD holds losses near .00 on Middle East peace hopes

Silver price (XAG/USD) halts its three-day winning streak, trading around $74.20 per troy ounce during the Asian hours on Wednesday. The safe-haven demand for Silver weakens as optimism grows over easing tensions in the Middle East. US President Donald Trump said on Tuesday that the United States (US) would be “leaving very soon” from the […]