Trump issues 48-hour ultimatum to Iran over Hormuz reopening Iran threatens retaliation targeting US and Gulf energy infrastructure IEA warns crisis worse than 1970s oil shocks, flags supply losses USD firms in thin trade; USD/JPY back above 159.50 Asian FX weak, KRW hits lowest since 2009 Gold sharply lower, falling below $4,340 Oil spikes at open, then trades choppy…
West Texas Intermediate (WTI) crude eases from intraday highs but remains elevated near $98.10 per barrel during Monday’s Asian session, supported by persistent Middle East supply concerns. US President Donald Trump has reportedly given Iran a 48-hour deadline to reopen the Strait of Hormuz or risk strikes on its energy infrastructure. Separate reports indicate Washington is considering a ground…
EUR/GBP is setting up for a bounce from a support zone! Does it push higher from here, or finally break out of a months-long consolidation? Let’s zoom in on the daily chart: EUR/GBP Daily Chart Faster With TradingView PMI reports from the Euro Area and the U.K. are due this week, giving us the first snapshot of their economies’…
Gold is under pressure as a stronger US dollar, higher Treasury yields and fading rate-cut hopes outweigh safe-haven demand. The oil shock is lifting inflation fears and real-rate expectations, leaving bullion vulnerable despite war risks. investingLive Exclusive 27m ago
West Texas Intermediate (WTI) – the US oil benchmark – opened Monday with a bang, extending Friday’s 3.5% advance to briefly regain the $100 level. The latest leg higher in the black gold comes on the back of a new phase of escalation in the Middle East, induced by US President Donald Trump on Saturday. Trump vowed to ‘obliterate’…
Goldman Sachs raises oil forecasts as extended Hormuz disruption and structural supply risks lift long-term price expectations. Summary: Goldman Sachs lifts oil price forecasts on prolonged Hormuz disruption Bank now assumes flows operate at ~5% capacity for six weeks Recovery expected to take an additional month thereafter Structural risks seen driving higher long-term oil prices Concentration of supply and…
GBP/USD trims some of its previous-day gains on Friday, down by 0.84%, as traders turn risk-averse amid an escalation of the Middle East war and price in no rate cuts by the Federal Reserve (Fed) in 2026. At the time of writing, the pair trades below 1.3350 after hitting a daily high of 1.3442. Sterling retreats as rising energy…
Gulf shipping risks intensify as projectile incident near UAE signals widening threat zone. Trump isn’t helping: Summary: Explosion reported near bulk carrier off Sharjah coast, crew unharmed Incident linked to rising attacks on commercial vessels in Gulf waters Blast occurred close to vessel, suggesting it may have been targeted Similar projectile incident reported near Qatar days earlier Maritime security…
GBP/USD trips down below 1.3350 as oil surges, Fed outlook boosts USD The GBP/USD trims some of its Thursday’s gains, down by 0.84%, as traders turned risk-averse amid an escalation of the Middle East conflict and priced in no rate cuts by the Federal Reserve in 2026. At the time of writing, the pair trades below 1.3350 after hitting…
Prior was +2.7% (revised to +2.8%) PPI y/y +5.4% vs +5.4% prior Raw materials price index +0.6% m/m vs +7.7% prior Raw materials price index +8.6% y/y vs +8.0% prior Normally, the Bank of Canada would give a lower reading like this some attention but with energy prices spiking, that won’t be the case this year and instead they…
