West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through sellers for the second straight day and drops to a one-week low during the Asian session on Wednesday. The commodity currently trades near mid-$97.00s, … [Continue reading]
Ireland AIB Services PMI declined to 49.7 in April from previous 50.7
Ethereum is holding above $2,300 on Tuesday, up 0.8% on the day and more than 3% over the past week despite persistent bearish signals across key metrics. The onchain supply metric shows that retailers have been strong distributors in the past week, … [Continue reading]
Forex Today: DXY steadies as resilient US data keep FX markets on edge
Here is what you need to know for Wednesday, May 6:The US Dollar Index (DXY) is trading with a neutral tone near the 98.50 area, supported by safe-haven demand and elevated US yields even after upbeat US data. Price action remains choppy amid … [Continue reading]
XRP extends cautious rebound as ETF inflows and sentiment improve
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]