Ripple (XRP) gains momentum, albeit gradually, trading above $1.40 at the time of writing on Tuesday. The remittance token has, along with the broader crypto market, shown resilience amid the conflict in the Middle East, especially with the United … [Continue reading]
USD/JPY hits session highs near 158.00 on rising US-Iran tensions
The US Dollar (USD) keeps crawling higher against the Japanese Yen (JPY) for the third consecutive day on Tuesday. The pair has reached the upper range of the 157.00s, trading at 157.65 at the time of writing, as the escalating tensions in the Strait … [Continue reading]
Singapore Retail Sales (YoY) fell from previous 8.3% to 4.8% in March
Gold clings to modest recovery gains heading into the European session and holds comfortably above the $4,500 mark, or an over one-month low, touched the previous day. The uptick lacks any obvious fundamental catalyst and runs the risk of … [Continue reading]
WTI stays below $102.00 as US Navy moves to restore Hormuz shipping
West Texas Intermediate (WTI) oil price inches lower after registering modest gains in the previous day, trading around $101.80 per barrel during the Asian hours on Tuesday. Crude oil prices fall as fears of immediate supply disruptions ease, with … [Continue reading]
China: Blocking rule reshapes risk calculus – MUFG
MUFG’s Michael Wan flags a significant shift as China formally invokes its 2021 Blocking Statute for the first time, targeting recent US sanctions on five Chinese refineries linked to Iranian Oil. He argues this alters secondary sanctions … [Continue reading]
Dow Jones Industrial Average sheds 1K points from peak as Iran fears reignite
US equities slumped on Monday as a series of escalating reports out of the Persian Gulf revived concerns that the fragile US-Iran ceasefire is fraying. The Dow Jones Industrial Average shed roughly 0.9%, slipping back toward 49,000 after an intraday … [Continue reading]
South Africa Total New Vehicle Sales dipped from previous 58060 to 47979 in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Eurozone HCOB Manufacturing PMI in line with forecasts (52.2) in April
Gold starts the new week on the back foot and trades in the red below $4,600. Escalating tensions in the Middle East, with the US deploying a mission to guide stranded vessels out of the Strait of Hormuz and Iran warning that such an action would be … [Continue reading]
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC extends rally, ETH and XRP near key resistance zones
Bitcoin (BTC) pushes higher on Monday, trading above $80,000 and resuming its uptrend after a brief consolidation phase last week. Ethereum (ETH) and Ripple (XRP) follow BTC’s footsteps and extend gains at the start of the week, nearing their key … [Continue reading]
US President Donald Trump says US will start guiding trapped ships through Hormuz — Bloomberg
US President Donald Trump said the United States (US) will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz beginning Monday, Bloomberg reported on Sunday.“The Ship movement is merely meant to free up … [Continue reading]