On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8657 compared to Friday’s of 6.8654 and 6.8395 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank…
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. more to come This article was written by Eamonn Sheridan at investinglive.com.
West Texas Intermediate (WTI) – the US oil benchmark – has opened the week with a bullish gap, climbing roughly 8%, looking to retarget the $100 threshold. Following a down week, the latest surge is mainly driven by the re-escalation of the conflict between the United States (US) and Iran. The 21-hour-long peace talks over the weekend failed and…
A sharp drop in floating storage reflects Middle East tankers restarting movement after ceasefire news, signalling easing disruption. Its already dated data given weekend developments and the renenewed underlying geopolitical risk. Massive w/w draw in floating storage (-47.2mmb) as Middle East flows restart (data via Vortexa) Ceasefire and US–Iran talks triggered movement of previously stranded tankers Middle East accounts…
S&P 500 rose following not crushingly high CPI, (correctly) betting on the Fed not to overplay the hawkish hand, and not to go the rate hikes path given the job market status.
US tightens the screws: Iran trade hit, Hormuz stays open for now. The origianl announcement of this blockade was garbled, implying full closure, which seemed illogical. Some clarification now. Summary: US to implement maritime blockade targeting Iranian ports from April 13, 10 a.m. ET Enforcement applies to all vessels trading with Iran, regardless of flag Crucially, transit through the…
The US Dollar Index (DXY) fell toward the 98.60 price region as markets digest the latest US Consumer Price Index (CPI) report, which confirmed that inflation remains stubbornly elevated, largely driven by energy prices amid war in the Middle East. At the same time, headlines around Iran, the Strait of Hormuz, and fragile ceasefire conditions continue to drive Oil…
The EURUSD is pushing to a new session high following weaker-than-expected data from the University of Michigan. Sentiment dropped to a fresh record low at 47.6 (vs 52.0 expected), while 1-year inflation expectations jumped sharply to 4.8% from 3.8%. Ongoing tensions tied to the Iran conflict are clearly weighing on consumer confidence and shaping the inflation outlook. From a…
Gold (XAU/USD) price remains steady on Friday, poised to finish the week with gains of almost 2% as the US Dollar tumbles amid optimism about Iran-US talks in Pakistan throughout the weekend. Also, a mildly high US inflation report trimmed the Federal Reserve’s (Fed) dovish bets for 2026. The XAU/USD pair trades at $4,763, up 0.01%. Gold’s faith in…
Peace talks collapsed, Trump declared a Strait of Hormuz blockade, and the ceasefire trade died over the weekend — here’s your scenario guide for the week ahead.
