West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $105.00 during the Asian trading hours on Monday. The WTI price climbs to its highest levels in nearly four years amid escalating conflict in the Middle East.
Spot Gold gapped marginally lower at the weekly opening, with the XAU/USD pair battling to retain the $4,600 mark early in the Asian session.
United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social.
United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K
United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K
United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K
Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K
United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K
Japan CFTC JPY NC Net Positions: ¥-72.9K vs previous ¥-62.8K
Australia CFTC AUD NC Net Positions: $81.5K vs $70.9K
The GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205.
USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data.
