West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict … [Continue reading]
Israel Prime Minister Netanyahu: We are changing the Middle East
Israeli Prime Minister Benjamin Netanyahu held his first press conference on Thursday since the war with Iran started and said that they are aiming to stop Iran from moving nuclear and ballistic projects underground, and changing the Middle East.We … [Continue reading]
USD/CAD rises as US Dollar gains on geopolitical tensions and Fed repricing
The Canadian Dollar (CAD) edges lower against the US Dollar (USD) on Thursday, pressured by sustained demand for the Greenback amid the ongoing US-Iran war. At the time of writing, USD/CAD is trading around 1.3621, extending its rebound after falling … [Continue reading]
Ireland HICP (YoY) came in at 2.5%, above forecasts (2.4%) in February
Gold erases its intraday losses and trades flat on the day slightly below $5,200 in the European session on Thursday. A further escalation of the military conflict between Israel, US forces, and Iran keeps geopolitical risks in play, … [Continue reading]
RBA: March hike back in focus – Standard Chartered
Standard Chartered strategist Nicholas Chia now expects the Reserve Bank of Australia to raise the cash rate to 4.10% at the 17 March meeting, reversing a prior call for a hold. The bank still anticipates another hike in Q2, lifting its terminal rate … [Continue reading]
Canadian Dollar gains as Oil prices rise on Strait of Hormuz closure
USD/CAD loses its recent gains registered in the previous session, trading around 1.3580 during the Asian hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) gained support after the effective closure of the Strait … [Continue reading]
USD/CHF Price Forecast: Traders eye 0.7800 as RSI turns bullish
USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher, consequently the US Dollar (USD). At the time of writing, the pair trades … [Continue reading]
Egypt: Easing delayed as inflation rebounds – Standard Chartered
Standard Chartered’s Bader Al Sarraf now expects the Central Bank of Egypt to keep policy rates at 19% through FY26, postponing earlier plans for near-term easing. The bank still forecasts a 13% policy rate by end-2026, assuming conditions stabilise. … [Continue reading]
United States Consumer Price Index ex Food & Energy (MoM) meets expectations (0.2%) in February
Gold fades the rebound from above the $5,000 area early Wednesday, despite the decline in Oil prices. The US Dollar turns south again as risk sentiment remains in a sweeter spot, with focus on US CPI data. Technically, Gold closed Tuesday above … [Continue reading]
Spain Retail Sales (YoY) climbed from previous 2.9% to 4% in January
Gold fades the rebound from above the $5,000 area early Wednesday, despite the decline in Oil prices. The US Dollar turns south again as risk sentiment remains in a sweeter spot, with focus on US CPI data. Technically, Gold closed Tuesday above … [Continue reading]