Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Oil: Elevated prices face fragile support â ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices, including ICE Brent above US$95/bbl, remain supported by heightened US-Iran tensions and robust Iraqi exports routed via the Strait of Hormuz.
WTI Price Forecast: Bulls await acceptance above $90.00 and 61.8% Fibo. amid Iran risks
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â trades below the $90.00 mark during the Asian session on Friday and remains close to its highest level since July 24, touched earlier this week.
WTI hovers around $89.50 as US military escorts tankers through Hormuz earlier this week
West Texas Intermediate (WTI) oil price moves little after registering losses in the previous day, trading around $89.50 per barrel during the Asian hours on Friday.
European gas: Low storage keeps a floor under prices into winter - ING
INGâs Warren Patterson says European gas prices have climbed above EUR70/MWh as lower Persian Gulf LNG supply and strong Asian spot buying cut EU LNG imports by about 16% year-on-year between April and July.
Brent: Updated price paths as Persian Gulf flows shift â ING
INGâs Warren Patterson revises Oil forecasts higher, highlighting tight Brent and refined product markets as Persian Gulf exports remain around half of pre-war levels.
Silver Price Forecast: XAG/USD struggles to extend upside above $66.25, NFP data awaited
Silver price (XAG/USD) struggles to extend Wednesdayâs strong recovery move above $66.25 during the European trading session on Thursday. The white metal could remain sideways as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be released on Friday.
Oil: Rally pace moderates after Iran strikes â Commerzbank
Commerzbank analysts note that Brent extended its rally and closed above USD95, although gains moderated after President Trump suggested the renewed US bombing campaign against Iran could be short-lived.
WTI remains broadly firm around $90 as oil shipments through Hormuz remain restricted
West Texas Intermediate (WTI), futures on NYMEX, consolidates in a tight range around $88.85 during the European trading session on Thursday.
WTI Price Forecast: Consolidates above $89.00; bullish bias remains amid Iran risks
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â struggles to capitalize on a modest Asian session uptick and currently trades just above the $89.00 mark, unchanged for the day.
Canadian Dollar rises on weaker US Dollar, rising oil prices
USD/CAD extends its losses for the second consecutive day, trading around 1.3830 during the Asian hours on Thursday. The currency pair experiences downward pressure as a sharp rally in the Japanese Yen (JPY) weighed heavily on the US Dollar (USD).
Hegseth extends troop deployments in the Middle East through 2027 â WSJ
US Defense Secretary Pete Hegseth is extending troop deployment timelines across the Middle East, signaling the conflict could drag into 2027, the Wall Street Journal reported on Thursday.
WTI holds gains above $89.50 amid renewed Middle East hostilities
West Texas Intermediate (WTI) oil price rebounds after registering losses in the previous day, trading around $89.60 during the Asian hours on Thursday. Crude oil prices advance as investors assessed renewed hostilities in the Middle East alongside efforts to reopen the Strait of Hormuz.
US President Donald Trump: Renewed campaign against Iran will not continue for too long
US President Donald Trump said that while the US is prepared to strike Iran again at any time, he doesnât expect the renewed fighting to last âtoo long,â Reuters reported on Wednesday.