Shiptracking data is showing that a LNG tanker chartered by India’s Petronet has crossed the Strait of Hormuz today. The vessel is said to be headed east to the exit of the strait after having been stranded on the west side for over three months already. Data from Kpler and LSEG showed the vessel picking up cargo at Qatar’s…
Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates. Washington and Tehran said on Sunday that they have reached an agreement that will take effect on…
The BOJ’s expected hike may be priced in, but Uchida’s press conference could decide whether yen bulls stay in control.
The mine-clearance detail on Hormuz is the most operationally significant element for energy markets: reopening is gradual, not immediate, and contingent on Iranian forces completing a process that has no independent verification mechanism specified. That introduces execution risk into what markets have been trading as a clean supply catalyst. The oil sales waiver for the 60-day period is a…
EUR/USD rises after registering minor losses in the previous day, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) declines amid easing risk aversion following the reports that the United States (US) and Iran agree on a peace deal to end the war and reopen the Strait of Hormuz. Bloomberg reported…
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band…
United Kingdom Rightmove House Price Index (MoM) down to -0.6% in June from previous 1.2%
Iran confirmed the U.S. ceasefire MOU, ending the naval blockade from tonight; Gulf traffic will be Iran-Oman regulated, with a 60-day sanctions negotiation to follow asset unfreezing. investingLive Exclusive 24m ago
Societe Generale notes that Chinese inflation remains subdued, with May Consumer Price Index (CPI) at 1.2% and core at 1.1%, while PPI has risen to a four-year high, suggesting weak consumer demand and margin pressure. The bank highlights that authorities are using targeted easing and tighter capital controls to manage USD flows and limit Yuan strength, keeping the currency…
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