WTI falls to near $87.00 on potential US-Iran ceasefire extension
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday. Crude oil prices have declined following reports that the United States (US) and Iran have tentatively agreed to a 60-day extension of their ceasefire, a deal that could potentially permit […]
US-Iran exchange fire near Hormuz as Aircraft claim increases tensions
Newswires reported that the US and Iran exchanged strikes amid rising tensions in the Strait of Hormuz. Recently, Iran’s state TV, citing a local official, reported that a US aircraft was destroyed near Iran’s Bushehr, though there’s no confirmation from the US. The Islamic Revolutionary Guard Corps (IRGC) revealed that it had attacked four ships […]
WTI reverses gains as hopes for US-Iran agreement improve sentiment
West Texas Intermediate (WTI) crude Oil sees sharp two-way price swings on Thursday as traders track rapidly changing US-Iran developments. At the time of writing, WTI is trading little changed around $88 per barrel after hitting an intraday high of $91.27. Earlier in the day, crude prices jumped after reports of fresh attacks in the […]
Core PCE inflation rises to 3.3% in April as forecast
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, climbed to 3.8% in April from 3.5% in March, the US Bureau of Economic Analysis (BEA) reported on Thursday. This reading came in line with the market expectation. In this period, the core PCE Price […]
Silver price today: falls on May 28
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $73.40 per troy ounce, down 1.53% from the $74.55 it cost on Wednesday. Silver prices have increased by 3.26% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 73.40 1 Gram 2.36 The Gold/Silver ratio, which […]
Gold vulnerable as 200-day SMA comes into play amid firmer USD
Gold (XAU/USD) maintains its heavily offered tone heading into the European session and currently trades just above a two-month low, touched earlier this Thursday. Meanwhile, the commodity seems vulnerable to extending an intraday breakdown below the $4,400 mark, or a technically significant 200-day Simple Moving Average (SMA), as a fresh escalation of tensions in the […]
Canadian Dollar holds near April lows as firm USD offsets Oil rebound
The USD/CAD pair attracts buyers for the third consecutive day and trades near mid-1.3800s, or its highest level since April 13, during the Asian session on Thursday. Spot prices look to build on the previous day’s breakout momentum through a technically significant 200-day Simple Moving Average (SMA) amid a broadly firmer US Dollar (USD), bolstered […]
Pound Sterling sleepwalks toward Bailey, not PCE
Sterling traders are spending the week parsing the wrong calendar. The pair has drifted from around 1.3500 down toward 1.3400, and the consensus has tied that move to Thursday’s US Core Personal Consumption Expenditures Price Index (PCE) print and the wall of Federal Reserve (Fed) speakers in between. The framing is convenient, but it misses […]
Banxico slashes 2026 GDP forecast, sees inflation rising
The Bank of Mexico (Banxico) released its Q1 2026 report on Wednesday, revising down 2026 GDP growth from 1.6% to 1.1%. The Mexican institution blamed a “considerably weaker” first-quarter performance, warning that investment could remain weak at least until the second half of 2026. Banxico revised up GDP growth for 2027 from 2% to 2.1% […]
Sellers eye 0.7100 support as momentum indicators weaken
AUD/USD attracts sellers on Wednesday as softer-than-expected Australian inflation data weighs on the Australian Dollar (AUD), while persistent uncertainty surrounding a potential US-Iran peace deal keeps the US Dollar (USD) supported. At the time of writing, the pair is trading around 0.7136, down nearly 0.44% on the day. Data released earlier on the day showed […]
