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
-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
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 […]
Project Freedom paused amid progress toward Iran agreement
US President Donald Trump said that the US military will temporarily pause “Project Freedom” to restore freedom of navigation for commercial shipping through the Strait of Hormuz, the Guardian reported on Tuesday. Trump added that the decision was made at the request of Pakistan and other countries and follows what he called “tremendous military success” during […]
GBP/USD stalls as US data dominates a quiet UK week
GBP/USD ended Tuesday near where it started, settling close to 1.3545 after a narrow session capped by resistance around 1.3550. Price has held a roughly 60-pip range across the past two sessions, with overlapping wicks pointing to a market lacking conviction in either direction. With the UK economic calendar quiet through to the weekend, GBP/USD […]
Capped below $75, as momentum remains bearish
Silver price trims some of its Monday losses, recovering some ground up 0.69% in the day, trading at $73.22 after bouncing off a daily low of $72.42. An improvement in risk appetite is underpinning the precious metals segment. Still, the white metal remains capped by the 20-day Simple Moving Average (SMA) at $75.94, a crucial […]
Range trade persists with hawkish ECB – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Euro (EUR) is flat versus the US Dollar (USD), with EUR/USD stuck in a range as markets weigh conflict-related inflation risks and a hawkish European Central Bank (ECB) stance. Rate expectations imply nearly one 25 bp hike by June and over 75 bps by December. […]
AUD/USD subdued on cautious RBA hike, safe-haven Dollar bid
AUD/USD trades around 0.7170 on Tuesday, remaining slightly on the back foot for a second consecutive day despite the monetary policy decision from the Reserve Bank of Australia (RBA). The central bank raised its key rate by 25 basis points to 4.35%, a move widely expected by markets but one that failed to provide lasting […]
Fed pricing supports DXY recovery – ING
ING’s Chris Turner notes that the US Dollar (USD) is benefiting from a hawkish Federal Reserve (Fed) narrative as markets price in a small amount of additional tightening for 2026. He highlights that high Oil prices and Gulf tensions are keeping short-dated US rates supported. Turner argues that the Fed’s focus is shifting toward price […]
Rising yields keep pressure on prices – ING
ING strategists Warren Patterson and Ewa Manthey say Gold has extended its decline, trading near $4,500/oz as higher US Treasury yields and a stronger US Dollar (USD) weigh on non-yielding assets. They note that ETF holdings have fallen and speculative net length is at its lowest since February 2024, with the market focusing more on […]
