Market reacts to Iran peace prospects – Rabobank

Market reacts to Iran peace prospects – Rabobank

Rabobank’s Senior Market Strategist Benjamin Picton notes that Brent crude fell sharply as markets focused on potential peace in the Iran conflict and a reopening of the Strait of Hormuz. Picton highlights how any Iranian ‘tollbooth’ control over Hormuz could reshape global energy flows, Gulf Cooperation Council export routes and post-war Oil market structure. Brent […]

Holds gains near 1.3600 as bullish bias prevails

Holds gains near 1.3600 as bullish bias prevails

GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel. GBP/USD keeps a constructive bullish bias as it holds just above the 1.3600 horizontal […]

BoJ Minutes: Rates will be raised in line with improvements in economy, priced

BoJ Minutes: Rates will be raised in line with improvements in economy, priced

The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the March meeting.     Key quotes Several members believe it was suitable to keep policy rate at 0.75%. Members express concern over inflation rebound driven by rising oil prices. Some members say amid heightened uncertainties in Middle East, maintaining […]