Comments from Trump in a newly-released video: On Iran: We have hit hundreds of targets including Revolutionary Guard facilities, air defense systems and nine ships plus naval building On Iran: Combat operations continue On Iran: Military operations will continue until all of our objectives are achieved There will likely be more U.S. casualties Iranian regime armed with long range…
Transocean’s debt load has declined but the most important piece of news has so far been that of Transocean acquiring Valaris (VAL), its fellow offshore driller, that has been reporting positive profitability and is virtually free of debt. In this article, I will analyze what the future has in store for Transocean following the last transaction. Valaris acquisition…
Australia’s January CPI delivered a double beat — headline inflation held firm at 3.8% year-over-year while the trimmed mean rose to its highest level in 16 months — but a chaotic macro backdrop made the post-event price action anything but straightforward. Which of our four Aussie strategies managed to move beyond the watchlist stage, and how much did geopolitical…
Sun: OPEC Meeting Mon: German Retail Sales (Jan), Final Manufacturing PMIs (Feb), US ISM Manufacturing PMI (Feb) Tue: Japanese Unemployment (Jan), EZ Flash HICP (Feb), US RCM/TIPP (Mar), UK Spring Statement Wed: Australian GDP (Q4), Chinese NBS PMIs (Feb), Swiss CPI (Feb), Final Composite/Services PMIs (Feb), EZ Unemployment (Jan), PPI (Jan), US ISM Services PMI (Feb) Thu: ECB Minutes…
United States Baker Hughes US Oil Rig Count dipped from previous 409 to 407
The US and Israel struck Iran Saturday, killing its Supreme Leader. This week, the Strait of Hormuz, an oil shock, and NFP Friday dominate every trade.
Prior was +2.6% GDP -0.2% q/q vs +0.6% prior Real GDP increased 1.7% in 2025 Exports rose 1.5% in the fourth quarter, after increasing 0.9% in the third quarter. Imports rose 0.3% December GDP +0.2% The number might not be as bad as it looks as the fourth quarter decrease was largely due to withdrawals of business inventories following…
The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Friday as the Greenback reverses earlier gains despite stronger-than-expected US Producer Price Index (PPI) data. At the time of writing, AUD/USD is trading around 0.7112 and is on track for an eighth consecutive week of gains. The headline PPI rose 0.5% MoM, beating the 0.3% forecast, while…
The USDCHF is moving lower in North American trading, pressured by a softer US dollar backdrop as risk sentiment deteriorates. US equities opened sharply lower, with the S&P 500 down 0.78% and the NASDAQ falling 1.08%. At the same time, US yields are declining despite higher-than-expected PPI data, signaling markets are looking past inflation strength for now. The 10-year…
The Pound Sterling (GBP) drops some 0.10% on Friday as the Greenback is underpinned by a hot inflation report in the US, which prompted investors to price in a less dovish Federal Reserve (Fed). Also heightened risks in the Middle East weighed on the GBP/USD pair, which trades at 1.3469 at the time of writing. Sterling eases as firm…
