WTI Crude Oil tumbles on US-Iran deal hopes, Strait of Hormuz eases

WTI Crude Oil tumbles on US-Iran deal hopes, Strait of Hormuz eases

West Texas Intermediate (WTI) US Oil falls sharply on Wednesday and trades around $91.00 at the time of writing, posting an 8.91% daily decline as markets rapidly reassess geopolitical risks in the Middle East following reports from Axios suggesting major progress between the United States (US) and Iran. According to Axios, Washington and Tehran are […]

Tech and cyclicals extend rebound – Danske Bank

Tech and cyclicals extend rebound – Danske Bank

-Danske Research Team highlights a strong rebound in global equities, led by US technology and semiconductor names, with Intel, Qualcomm and Micron up double digits. Asian markets, including Korea and Shenzhen, also rallied, while European equities lagged due to sector composition. General cyclicals and small caps gained on reassuring US ceasefire comments. Tech leadership and […]

Extends rally to June 2022 highs on weak USD

Extends rally to June 2022 highs on weak USD

The AUD/USD pair is seen building on the previous day’s bounce from the 0.7135 region, or the weekly low, and gaining strong follow-through positive traction for the second straight day on Wednesday. The momentum lifts spot prices to a fresh high since June 2022, closer to mid-0.7200s, during the Asian session, and is sponsored by […]