Safe-haven demand returns as US-Iran talks collapse

Safe-haven demand returns as US-Iran talks collapse

Here is what you need to know on Monday, April 13: Financial markets turn risk-averse at the beginning of the week after Iran and the United States (US) failed to make any progress in this weekend’s negotiations. The only data featured in the US economic calendar will be Existing Home Sales for March. US Dollar […]

Rallies to $98 as Trump aims to blockade Hormuz

Rallies to  as Trump aims to blockade Hormuz

West Texas Intermediate (WTI), futures on NYMEX, trade 7.6% higher to near $98.00 during the Asian trading session on Monday. The oil price rises after a warning from United States (US) President Donald Trump, through a post on Truth.Social, that he has instructed the navy to blockade “any or all ships trying to enter or […]

NZD/USD stays weak above 0.5800 as Hormuz risks and oil rally lift USD

NZD/USD stays weak above 0.5800 as Hormuz risks and oil rally lift USD

The NZD/USD pair opens with a bearish gap at the start of a new trading week in reaction to failed US-Iran peace talks over the weekend and trades around the 0.5800 mark during the Asian session. High-level negotiations between the US and Iran ended without a breakthrough, despite nearly 21 hours of intense discussions mediated […]