Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Euro: Rate uncertainty and energy costs weigh â HSBC
HSBC sees the Euro facing mounting headwinds from both monetary policy and energy markets.
WTI rises above $93.00 after Trump rejects Iran peace deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.05 during the early Asian trading hours on Monday. WTI rises following US President Donald Trumpâs rejection of an Iranian peace deal.
Indian Rupee falls sharply as oil prices rally
The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD) due to significant gains in oil prices over the weekend. As of writing, the USD/INR pair is up 0.18% to near 95.99.
United States Dollar Index trades flat at the start of the US NFP week
The US Dollar (USD) reflects a flat performance at the start of the week. In the Asian trade, the US Dollar Index (DXY), which gauges the Greenbackâs value against six major currencies, trades calmly at around 101.10.
WTI sticks to modest gains above $92.00 amid Middle East jitters
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â struggles to capitalize on a modest gap-up open on Monday as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh bets.
US President Donald Trump says he will not rule out more Iran strikes
US President Donald Trump said on Sunday that he believes the war with Iran will be won âvery soon,â adding that additional military strikes before the midterm elections are possible, Fox News reported.Â
Middle East War updates: Trump says he expects renewed Iran talks this week
Hereâs a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
United States Baker Hughes US Oil Rig Count above forecasts (453): Actual (455)
United States Baker Hughes US Oil Rig Count above forecasts (453): Actual (455)
Canadian Dollar set for third weekly decline despite pullback in US Dollar
USD/CAD trades little changed on Friday as the US Dollar (USD) pulls back slightly after a strong rally this week. The pause in the Greenback and Treasury yields has offered little relief to the Canadian Dollar (CAD), leaving it on track for a third consecutive weekly decline.
US Dollar: Back-end yields support USD consolidation â ING
ING strategists Francesco Pesole and Frantisek Taborsky note that rising back-end yields and risk-off sentiment are helping consolidate recent Dollar gains, even if they look stretched versus short-term fundamentals.
WTI Oil reversal stalls above $91.00 as Middle East tensions outweigh supply increases
The price of the US benchmark West Texas Intermediate (WTI) barrel has stabilised above $91.00 on Friday, with the reversal from Thursdayâs highs, near $96.00, losing momentum.
Brent: conflict-driven gains face deal hopes â Deutsche Bank
Deutsche Bank strategists highlight a sharp rise in Brent Oil as geopolitical tensions and Iranian rhetoric fuel concerns about an extended conflict. Brent briefly spiked above $108 before retracing on reports of potential USâIran negotiations to reopen the Strait of Hormuz.
CEE FX: Energy shock lifts tightening bets â ING
ING strategist Frantisek Taborsky reports that volatility in core rates and high Oil and gas prices are driving elevated tightening expectations across CEE, with roughly 125bp priced for Poland and the Czech Republic.