The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, reverses earlier losses on Wednesday as traders digest the latest developments surrounding US-Iran negotiations. At the time of writing, the index … [Continue reading]
Copper: Oversupplied now, tight balance and high prices ahead – Commerzbank
Commerzbank’s Barbara Lambrecht highlights that the global Copper market showed a large surplus in Q1 2026 as refined output surged, especially in China and the DR Congo. Demand grew less than 1%, but Lambrecht expects this to reverse, with stronger … [Continue reading]
New Zealand Dollar: Hawkish RBNZ supports currency – Danske Bank
Danske Research Team notes that the Reserve Bank of New Zealand (RBNZ) kept its policy rate at 2.25%, matching expectations, but signalled a need for faster tightening. They now project at least two more hikes by year-end, which lifted the New … [Continue reading]
WTI slumps below $91.00 on US–Iran peace progress while fresh strikes cloud outlook
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.75 during the early European trading hours on Wednesday. The potential downside for crude oil prices might be limited as fresh US strikes on Iran dashed hopes … [Continue reading]
RBNZ set for another interest-rate hold, with markets predicting hikes ahead
The Reserve Bank of New Zealand (RBNZ) is widely expected to hold the Official Cash Rate (OCR) at 2.25% for the third consecutive meeting, as the impact of the Iran war continues to hit the economic growth and fuel inflation pressures.The RBNZ … [Continue reading]
Australia CPI expected to remain stubbornly high in April
The highlight in the Australian economic docket this week is the April Consumer Price Index (CPI) figures, which are expected to be released by the Australian Bureau of Statistics (ABS) on Wednesday at 01:30 GMT. Consumer inflation is forecast to … [Continue reading]
XRP preserves lifeline support as US-Iran tensions weigh on sentiment
Ripple (XRP) rises above $1.35 at the time of writing on Tuesday, as crypto prices struggle to stabilize amid volatility driven by spillover pressure from escalating Middle East tensions.US-Iran peace negotiations face headwindsThe United States (US) … [Continue reading]
Euro hesitates below 1.1650 as US-Iran tensions escalate
The Euro (EUR) remains flat against the US Dollar (USD) for the second consecutive day on Tuesday, trading at 1.1645 at the time of writing, after bouncing up from 1.1624 highs. The pair is lacking a clear direction this week, with investors wary of … [Continue reading]
USD/JPY Price Forecast: Dollar ticks up to 159.00 as Iran’s peace talks wobble
The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the second consecutive day on Tuesday, hitting session highs above 159.00 at the time of writing, as fresh US attacks on Iran put the peace process into question. The pair, however, … [Continue reading]
BoJ’s Himino: Market sees increases in long-term rates as reflecting global inflation worries
Bank of Japan (BoJ) Deputy Governor Himino said on Tuesday that the market sees increases in long-term interest rates as reflecting global inflation worries. Himino further stated that the central bank will consider timing and pace of adjustment … [Continue reading]