The Pound Sterling advances some 0.14% on Monday as the US-Iran negotiations laid a “good foundation” according to US Vice President JD Vance, after ending the first round of talks in Switzerland. Meanwhile, the UK PM Keir Starmer announced its … [Continue reading]
Canada CPI expected to show rising inflation in May
The publication of Canada’s May Consumer Price Index (CPI) figures on Monday will be the focus of attention. Indeed, Statistics Canada data will provide markets with an update on price pressures following its June 10 meeting, where policymakers kept … [Continue reading]
Equities: Investors weigh Iran risks and IT growth – Danske Bank
Danske Research Team observes that equities fell on Friday, led by Europe, as renewed concerns around Iran and stalled talks weighed on sentiment and drove a defensive rotation. They contrast this with last week’s strong move out of energy into … [Continue reading]
Australian Dollar holds gains against Japanese Yen following PBoC rate decision
AUD/JPY gains ground after posting minor losses in the previous day, trading around 113.30 during the Asian hours on Monday. The currency cross holds ground as the Australian Dollar (AUD) remains stronger following China’s latest monetary policy … [Continue reading]
Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation
Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon.The Iranian Revolutionary Guard Corps Navy … [Continue reading]
Aave founder outlines plan to bring multi-trillion-dollar securities market onchain with V4
Lending protocol Aave (AAVE) founder Stani Kulechov revealed a proposal to bring the multi-trillion-dollar securities market onto blockchain infrastructure, according to a blog post on Friday.He argued that the protocol's V4 architecture could … [Continue reading]
Ethereum Price Forecast: Impending funding crisis could put Ethereum at risk
Ethereum price today: $1,700Ethereum risks losing top talents and falling behind if it fails to solve an impending ecosystem funding crisis.New legitimate stewards need to emerge as the EF continues on its path of subtraction.ETH faces several dense … [Continue reading]
Brent at $80: Did the market buy the Iran deal twice?
Brent is back near $80 and West Texas Intermediate near $77, which means the Oil market has handed back almost the entire premium it built over nearly four months of open war with Iran. The tape is treating this week's US-Iran memorandum as a … [Continue reading]
The Canadian Dollar ditches Crude Oil for Gold
The textbook calls the Canadian Dollar a petro-currency, which means that with a Middle East war keeping Crude Oil bid, the Loonie should be holding its own. Instead it spent this week sliding to a fresh 14-month low against the Greenback, capping a … [Continue reading]
The Euro sinks on its own rate hike
The Euro did something this week that ought to be impossible: it fell in the same fortnight the European Central Bank (ECB) delivered its first interest rate hike since 2023. EUR/USD slid to a fresh multi-week low near 1.1400 before clawing back to a … [Continue reading]