Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Middle East War updates: New attack launched on Saudi airport
Here’s 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.
Crude Oil drops on Trump's Russian diesel plan
After a call with Russian President Putin, President Donald Trump said on Friday Russia will immediately supply more than 300K tons of diesel to the US and global markets. He put the next shipments at 500K tons in November and 1 million tons after that.
United States Baker Hughes US Oil Rig Count rose from previous 456Â to 462
United States Baker Hughes US Oil Rig Count rose from previous 456Â to 462
WTI holds steady as traders weigh US-Iran tensions and supply risks
West Texas Intermediate (WTI) Oil trades little changed on Friday as traders weigh easing fears of an immediate US-Iran military escalation against persistent supply risks in the Strait of Hormuz. At the time of writing, WTI trades around $90.65 per barrel, up 0.10% on the day.
Oil: Iran tensions keep crude prices elevated - Rabobank
Rabobank's Senior Economist Maartje Wijffelaars notes Oil prices climbed to around $105 per barrel as Iran struck tankers, before Brent eased after US comments on talks with Iran. Despite the pullback, Oil and diesel remain elevated, with Gasoil sharply higher since Tuesday.
EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes
The Euro (EUR) is failing to capitalise on the moderate US Dollar (USD) weakness witnessed on Friday as the high Oil prices and the ongoing concerns about France’s public debt offset investors’ optimism about lower global yields.
WTI Price Forecast: Slides back to mid-$89.00s as Mideast jitters limit losses
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some follow-through selling on Friday, extending the previous day's pullback from a one-week high, around the $92.40 region.
Euro advances against Canadian Dollar as French bond yields, oil prices ease
EUR/CAD halts its four-day losing streak, trading around 1.5960 during early European hours on Friday. The currency cross gained momentum as the Euro (EUR) received support following a pullback in France's government bond yields.
Brent: Crude eases from spike on Iran comments – Danske Bank
Danske Research Team notes Brent crude briefly surged above USD 105 per barrel to its highest level in nearly a month, driven by reduced Strait of Hormuz traffic and hurricane-related supply concerns.
WTI declines to near $89.50 as Trump rules out attacks on Iran before midterm elections
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.65 during the early European trading hours on Friday. WTI declines after US President Donald Trump said Washington would not attack Iran before November’s midterm elections.
China set to resume fuel exports in October following brief suspension — Reuters
China is set to resume refined fuel exports in October following a temporary suspension during the Golden Week holiday, Reuters reported on Friday. This move aims to help ease tight global diesel, gasoline and jet ‌fuel markets.
Canadian Dollar strengthens as risk-on mood weighs on US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.4210 during Asian hours on Friday.
WTI slips below $90.50 as Trump signals no pre-election strike on Iran
West Texas Intermediate (WTI) oil price declines after posting nearly 2.5% gains in the previous day, trading around $90.30 per barrel during Asian hours on Friday.