Search results

Copper is trading close to recent highs, according to ING analysts Warren Patterson and Ewa Manthey, thanks to pre-holiday restocking in China ahead of Labor Day. Macroeconomic and geopolitical unpredictability is being countered by this demand, but the short-term balance of the copper market is...

Francesco Pesole, an ING strategist, points out that the US Dollar (USD) has rebounded despite ongoing market volatility and geopolitical tensions. Pesole notes that rising fuel and airline prices are pushing the US Consumer Price Index (CPI) back toward 4%, but the Federal Reserve (Fed) still...

Although the decline is still mitigated, GBP/JPY finds it difficult to profit from an intraday increase. The IMF's lowering of the UK GDP growth prediction for the current year weakens the GBP. The JPY is impacted by hormuz risks and diminishing wagers on the BoJ rate hike, which helps limit...

Due to the US dollar's overall poor performance, USD/CHF is trading precariously at 0.7800. President Trump of the United States says he is confident that the war with Iran is almost over. It is anticipated that negotiations between the US and Iran will shortly resume. During Wednesday's late...

The S&P 500 has returned above its pre-strike level, according to Deutsche Bank analysts, as markets price a brief war and possible US-Iran talks. With cyclical industries like information technology and finance driving increases, the index is up more than 8% from its late-March low, and futures...

After retesting a four-month low during Monday's Asian session, NZD/USD rises. The USD is impacted by reports of a push for a truce between the US and Iran, which helps spot prices. Before positioning for any additional recovery, care should be taken due to the ongoing geopolitical...

According to DBS Group Research, India's March Consumer Price Index (CPI) inflation is expected to increase from 3.2% to 3.45% year over year due to rising input, energy, and cooking gas costs, while retail gasoline and food prices remain relatively stable. Price pressure is lessened by the...

Molly Schwartz, a strategist at Rabobank, points out that despite increased tensions and the reopening of the Strait of Hormuz, the initial steep decline in crude oil prices due to the Iran ceasefire headlines has only been partially reversed. She points out that if hostilities resume, a...

As Iran reopens Hormuz for two weeks, WTI plummets below $90. US President Trump suspends planned assault on Iranian civilian facilities. Iran desires acknowledgment of its dominance over the Strait of Hormuz. Due to Iran's agreement to reopen the Strait of Hormuz, a vital route for 20% of the...

According to Michael Haigh, Ben Hoff, and Jeremy Sellem of Societe Generale's Commodity Compass Analytics (CCA) team, Dated Brent at $141/bbl indicates extreme physical tightness as Strait of Hormuz movements continue to be hampered. With Brent prices ranging from about $125/bbl to possibly...

The NZD/USD currency pair bounced back after testing a low point from four months earlier during the Asian trading session on Monday. News about efforts to get the US and Iran to stop fighting is affecting the US dollar and helping higher prices for gold and other metals right now. Geopolitical...

Gediminas Simkus, the Governor of the Lithuanian central bank and a member of the European Central Bank's Governing Council, stated during European trading hours on Thursday that the central bank needs to exercise caution regarding interest rates as the situation is evolving. However, he noted...

ING's Francesco Pesole points out that strong statements from the European Central Bank are making interest rates on the Euro less likely to drop compared to the US, where the Fed's rate cuts are easier to predict. ING believes this difference could push up the value of the Euro against the US...

Bob Savage argues that risks of stagflation in the Eurozone are increasing as energy pressures rise, with headline CPI rising due to fuel costs, while core inflation remains contained. He anticipates the European Central Bank (ECB) will remain cautious and monitor second-round effects, and...

The United Kingdom's (UK) retail sales data, a key indicator of consumer spending, fell by 0.4% month-over-month (MoM) in February, below the 0.8% forecast, following a 2% increase in January, which was revised upward from the initial 1.8%, as reported by the Office for National Statistics (ONS)...

Global stocks continued to rise, with the S&P 500 up 0.5% and the Stoxx 600 up 1.4% in a geopolitical reversal trade, according to Danske Research Team. Although investors are still cautiously hopeful, cyclicals outperformed defensives. Overnight increases in oil prices had a negative impact on...

Overview of the German IFO Survey The March business survey from Germany's IFO institute will be released on Wednesday at 9:00 GMT. It is anticipated that the headline IFO-Business Climate Index would drop from 88.6 in February to 86.1 in March. It is anticipated that the IFO-Current Assessment...

The US Dollar Index is getting stronger because there's more demand for safe-haven assets, which is happening due to increased tensions in the Middle East. Saudi Arabia is showing signs that it might get involved in the military conflict with Iran directly. Fed official Mary Daly said that if...

Rabobank's Senior Market Strategist Benjamin Picton says that the possibility of a war with Iran and the threats near the Strait of Hormuz are creating a lot of risk for the oil markets. He points out that Iran might respond by attacking energy facilities in the Gulf. If the US seems to back...

Commerzbank's Michael Pfister argues that, with Swiss inflation remaining low and the 2022/2023 shock unlikely to recur, the SNB is now more concerned about a strong franc than inflation. Market pricing suggests nearly one rate hike by year-end, but the bank may prioritize foreign exchange...