EUROPEAN SESSION In the European session, we have the Flash PMIs for the major Eurozone economies and the UK. We already got the PMIs for Australia and Japan and although they showed resilience, they highlighted that the war in the Middle East is the key factor dampening optimism, with economic performance unlikely to be sustained unless uncertainty is reduced…
Gold prices fell in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 567.67 Saudi Riyals (SAR) per gram, down compared with the SAR 571.39 it cost on Wednesday. The price for Gold decreased to SAR 6,621.18 per tola from SAR 6,664.58 per tola a day earlier. Unit measure Gold Price in…
U.K. inflation climbed to its highest in three months in March as the Iran war sent fuel costs sharply higher.
The euro is under broad pressure from geopolitical and growth headwinds, with large option expiry clusters the primary near-term anchor against a sharper selloff. Most EUR pairs trading heavy, weighed by Middle East standoff and growth concerns ECB on hold amid economic uncertainties; Germany has halved its growth forecasts Significant option expiry support: E14.2 billion between 1.1600-1.1695, E2.6 billion…
The USD/CAD pair retreats a few pips from a three-day high touched during the Asian session on Thursday, though it lacks follow-through amid mixed fundamental cues. Despite a temporary extension of the US-Iran ceasefire, a standoff over the Strait of Hormuz supports the safe-haven US Dollar and the currency pair. However, rising Crude Oil prices underpin the commodity-linked Loonie…
WTI crude oil (USOIL) has been in selloff mode lately, but it looks like buyers are returning to defend the bottom of its range on the 4-hour time frame.
Tesla posted $1.44bn Q1 free cash flow vs expected burn but flagged a sharp rise in capex to ~$25bn in 2026. The company expects negative free cash flow ahead as it ramps investment in AI, robotaxis and robotics, shifting focus to long-term growth. Summary: Q1 free cash flow: $1.44bn vs -$1.43bn expected → major upside surprise Capex guide raised…
MUFG’s Senior Currency Analyst Lloyd Chan argues that while geopolitical risks stay elevated, valuation metrics such as REER now show meaningful Rupiah undervaluation versus the US Dollar. The bank’s base case is for near-term Rupiah stabilisation, with USD/IDR seen at 17,000 by end-Q2 and gradually improving Rupiah performance as policy support and flows strengthen. MUFG sees scope for gradual…
Iran refused to negotiate, Vance canceled his flight, and WTI breached the $90.70 regime threshold. Here’s how the scenarios have shifted — and what Wednesday’s deadline means for every asset.
US forces intercepted multiple Iranian oil tankers in Asian waters, expanding blockade enforcement beyond Hormuz. At least 29 vessels have been redirected, while Iran seized two ships, highlighting ongoing supply disruption. investingLive Exclusive 15m ago
