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Canadian Dollar declines ahead of US JOLTS Job Openings data
The USD/CAD pair gains ground to near 1.4050 during the early European session on Tuesday. Traders continue to weigh the developments surrounding US-Iran talks. The US JOLTS Job Openings data is due later on Tuesday. On Friday, the US and Canadian July employment reports will be the highlights.
Indian Rupee struggles for direction as RBI policy awaited
The Indian Rupee (INR) trades flat at around 95.33 against the US Dollar (USD) on Tuesday. The Indian currency is expected to trade sideways as investors await the Reserve Bank of India’s (RBI) monetary policy announcement on Wednesday.
WTI Price Forecast: Eyes $80.00 amid US-Iran tensions and mixed technical setup
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day's modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday.
WTI trades with positive bias below mid-$79.00s on Iran uncertainty, supply concerns
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday and looks to build on the overnight bounce following an intraday slump to levels below mid-$77.00s.
Iran rejects any second corridor through Strait of Hormuz
Iranian state television, advisor to the Supreme Leader, General Mohsen Rezaei said that the country will absolutely not allow the opening of a second corridor in the Strait of Hormuz, Reuters reported on Monday.
WTI Oil plunges as Trump revives US-Iran peace hopes
West Texas Intermediate (WTI) US Oil trades around $78.45 at the time of writing on Monday, down 7.76% on the day, as investors unwind the geopolitical risk premium following announcements of a potential agreement between the United States (US) and Iran.
Oil: Hormuz risks keep prices in focus – Rabobank
Rabobank's Senior Market Strategist Benjamin Picton discusses recurring Middle East tensions around the Strait of Hormuz and their impact on Oil and Brent.
WTI stays lower near $78.50 ahead of US-Iran peace talks 2.0
West Texas Intermediate (WTI), futures on NYMEX, trade 7.4% lower at around $78.50 during the European trading session on Monday. The Oil price holds onto its opening losses, driven by the announcement of a ceasefire 2.0 between the United States (US) and Iran.
Silver Price Forecast: XAG/USD struggles to extend opening gains amid hawkish Fed bets
Silver price (XAG/USD) opens strongly due to a sharp decline in oil prices, but struggles to extend gains beyond $58.68 during the day. At press time, the Silver price is up 1% to near $58.20.
Oil: prices slide on halted strikes – Commerzbank
Commerzbank strategists report that Brent Oil opened over 7% lower under USD84 into the Asian session after President Trump said the United States (US) would hold off on new strikes against Iran.
Dow Jones futures advance as oil prices fall on US-Iran diplomatic signals
Dow Jones futures gain 0.54% to trade around 52,920 during European trading hours on Monday. Meanwhile, S&P 500 futures rise 0.49% to trade near 7,550, while Nasdaq 100 futures advance 0.64%, trading near 28,590.
WTI trades below mid-$78.00s, down nearly 8% for the day amid Iran peace deal hopes
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to register any meaningful recovery and sticks to heavy intraday losses through the early part of the European session on Monday.
Oil: Red sea disruptions reshape global flows – Societe Generale
Societe Generale analysts Michael Haigh and Jeremy Sellem describe how Red Sea and Bab al-Mandab security risks are forcing Oil cargoes onto longer, more complex routes.