The countdown is on. With the US-Iran ceasefire set to expire late Wednesday, Tuesday delivered dueling statements from both sides that looked more like pre-conflict posturing than pre-deal diplomacy. Oil surged, the Dow Jones Industrial Average … [Continue reading]
United States Pending Home Sales (YoY) down to -1.1% in March from previous -0.8%
The recent investigation by the New York Times has put the focus back on Bitcoin’s creator. Little is known about Satoshi’s true identity – whether it was one individual, a team, or even a collective –, so speculation and theories have been … [Continue reading]
USD/INR gains as RBI rolls back INR-supportive measures, Warsh’s testimony awaited
The Indian Rupee (INR) extends Monday's losses against the US Dollar (USD) on Tuesday. The USD/INR pair rises further to near 93.50 as the Indian currency faces selling pressure, following the Reserve Bank of India (RBI) rolling back partial measures … [Continue reading]
Asian stocks gain as Kospi surges on easing tensions, chip rally
Asian equities rise on Tuesday amid hopes for a resolution to the Middle East conflict. Bloomberg reported that US President Donald Trump stated that US Vice President JD Vance is leaving later on Monday for Pakistan to resume negotiations, “either … [Continue reading]
Iran’s top negotiator: We do not accept negotiations under threats
Iranian Parliament speaker Mohammad Bagher Ghalibaf said that Iran will not accept negotiations with the United States (US) while under threat, the Guardian reported on Tuesday.“Trump, by imposing a blockade and violating the ceasefire, seeks, in his … [Continue reading]
Silver Price Analysis: Stalls at $80 as doji hints potential downside
Silver price falls more than 1% after gapping down over the weekend as pessimism overtook last Friday’s upbeat mood, as the Strait of Hormuz was closed and the US escalated tensions after seizing an Iran-flagged vessel. XAG/USD trades at $79.78, … [Continue reading]
WTI Oil rebounds from recent lows as US-Iran tensions revive supply concerns
West Texas Intermediate (WTI) US Oil trades around $87.10 per barrel on Monday, gaining 3.80% on the day at the time of writing, as geopolitical tensions in the Middle East revive concerns about global supply disruptions.The rebound follows a sharp … [Continue reading]
Canada CPI expected to climb above BoC target in March
Canada’s economic docket opens on Monday with the key Consumer Price Index (CPI) figures for March, which will be closely watched to gauge the inflationary impact of the war in Iran. The data, released by Statistics Canada, is likely to confirm a … [Continue reading]
EUR/USD: Limited upside as longer-term Dollar risks grow – Commerzbank
Commerzbank’s Thu Lan Nguyen argues that in the short term EUR/USD gains are capped as markets may be overestimating the European Central Bank's (ECB) reaction to the latest inflation shock. She notes the Euro (EUR) and Pound (GBP) have held up … [Continue reading]
WTI climbs above $86.50 on renewed US–Iran Strait of Hormuz tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.70 during the Asian trading hours on Monday. The WTI price rises on renewed tensions between the United States (US) and Iran in the Strait of Hormuz. Traders … [Continue reading]