WTI retreats to $ 85 amid renewed optimism over the end of the Middle East conflict
West Texas Intermediate (WTI) trades around $85 early in the Asian session on Friday, its lowest since mid-April. The black gold fell alongside the US Dollar (USD) following a proclamation from United States (US) President Donald Trump announcing a settlement of war with Iran. He added it is subject to settling over the next few […]
Neutral tone within tight band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a neutral stance on USD/CNH, expecting intraday consolidation between 6.7760 and 6.7880 after recent directionless trading. On a 1–3 week horizon, the pair is seen holding a broader 6.7620–6.7980 range. Over 1–3 months, they anticipate USD/CNH will continue grinding lower, though it is […]
Gradual grind lower toward 0.6975 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on AUD/USD after the pair closed below 0.7000, though downside momentum is still described as modest. Intraday, they look for further slippage but doubts a clean break of 0.6975. Over 1–3 weeks, price action is seen grinding toward 0.6975, with […]
Euro hesitates near lows against the British Pound with the ECB in focus
The Euro (EUR) is going through a nervous consolidation against the British Pound (GBP) on Thursday, with price action hovering around 0.8625, a few pips above two-week lows at 0.8620. The pair remains on the defensive, awaiting the outcome of the European Central Bank’s (ECB) monetary policy decision, while escalating tensions in the Middle East […]
Indian Rupee slumps as oil price surges amid fears of US-Iran ceasefire collapse
The Indian Rupee (INR) tumbles at open against the US Dollar (USD) on Thursday, with the USD/INR pair rising to near 95.65. The pair gains as a sharp recovery in oil prices due to fears surrounding the collapse of the ceasefire between the United States (US) and Iran has weakened the Indian Rupee. In India’s […]
Why is silver rising despite higher inflation and rate hike odds?
Silver price (XAG/USD) gains ground after two days of losses, trading around $64.00 per troy ounce during the Asian hours. The white metal rebounds from an 11-week low of $61.50 reached in earlier hours on Thursday, driven by a unique intersection of its dual nature as both a monetary safe-haven and a critical industrial commodity. […]
US military launches strikes on ‘multiple targets’ in Iran after Trump vows to ‘hit them hard’
The US Central Command (CENTCOM) said it began “additional self-defense strikes” on Wednesday against “multiple targets in Iran,” the Guardian reported. The US military added, “The strikes are in response to Iran’s unwarranted and continued aggression.” This action came after US President Donald Trump said that US forces would hit the country “hard” as Tehran […]
US Dollar rebounds after inflation data
Here is what you need to know for Thursday, June 11: The US Dollar Index (DXY) trades with a firmer tone above 100.00 after May inflation data highlighted persistent price pressure in the United States (US). The headline Consumer Price Index (CPI) rose 4.2% YoY, accelerating from 3.8% previously, while it increased 0.5% on a […]
Dow Jones finds out the ceasefire was load-bearing
The Dow Jones Industrial Average (DJIA) fell about 1.2% on Wednesday, a near 600-point slide that settled just under 50,250 after tagging session lows around 50,150. The awkward part is that the scheduled risk behaved: May Consumer Price Index (CPI) data landed on forecast and leaned friendly underneath, yet the index still booked its heaviest […]
Hawkish Norges Bank underpins strength – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September. After a surprise 25 bps hike in May, Norges Bank keeps the door open for another increase, with elevated energy prices supporting a firmer NOK, the […]
