Brent oil continues to trend lower on growing optimism over peace talks
Brent oil remains firmly in red and extends weakness on Thursday after falling 10% on Wednesday and ending day with 5.5% loss.
Growing hopes for a US-Iran peace deal provided relief, keeping oil prices under increased pressure for the…
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Dollar probes through key supports again as fresh optimism fades safe haven demand
The dollar came under increased pressure on Wednesday after fresh wave of optimism about a possible end of US-Iran war deflated safe-haven demand.
The dollar index, which tracks the performance of Greenback against its six major peers,…
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AUDUSD hits four-year high on fresh risk appetite
Australian dollar rose 1.2% against its US counterpart on Wednesday and hit the highest since June 2022.
The rally was sparked by the media report signaling that US-Iran war might be near the end that revived demand for riskier assets.…
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Eurozone services sector slows further in April
Eurozone services activity contracted in April for the first time in nearly a year, as weakening demand and a decline in export business weighed on the bloc’s dominant sector, according to new survey data.
The Services Purchasing Managers’…
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RBA raises interest rates by 25 bps in the third consecutive rate hike this year
Australia’s central bank raised interest rates for the third time this year on Tuesday, pushing borrowing costs back to post-pandemic highs and warning that inflation is likely to remain persistent amid a global oil shock tied to conflict…
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US services sector growth slows in April – PMI
US services sector growth slowed for a second consecutive month in April, as weakening demand and persistent cost pressures weighed on activity, according to a survey released Tuesday by the Institute for Supply Management (ISM).
The ISM…
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Brent price rises on fresh tensions in the Middle East, further supply disruption fears
Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting one of the US warships that attempted to enter the straight.
In…
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GOLD – bears dominate while the price holds below falling thick daily cloud
Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take more hawkish stance, despite that all of them kept…
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BTCUSD – bulls regain control and eye psychological 80K barrier
Bitcoin remains on front foot for the second consecutive session and accelerates gains on Friday, to crack Fibo barrier at 78875 (50% of 97946/59805 descend), which guards recent double top (79500 zone) and psychological 80000 barrier.…
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Japanese yen surges on likely intervention of Japan’s authorities
Japanese yen surged across the board on Tuesday, gaining around 3% vs its major counterparts, in the biggest daily gain since late 2022.
The rally was sparked by comments from Japan’s FinMin who said that timing to take decisive action…
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