Price shock impact on US growth – Commerzbank

Price shock impact on US growth – Commerzbank

Commerzbank economists Bernd Weidensteiner and Christoph Balz assess how the recent surge in Brent and WTI prices affects the US economy. They stress that the United States is structurally less vulnerable than in the 1970s thanks to lower oil intensity and higher domestic production. Their base case assumes a short-lived war-related spike, with Oil settling […]

XAU/USD rallies further with the $5,000 level on focus

XAU/USD rallies further with the ,000 level on focus

Gold (XAU/USD) appreciates for the fourth consecutive day on Thursday. The US Dollar (USD) tumbles as hopes of a quick end to the Iran war have improved risk appetite and triggered significant pullbacks in US Treasury yields. The precious metal has rallied to nearly two-week highs past $4,600, bringing the $5,000 target into the bull’s […]

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 […]