Iran downed US aircraft this weekend as the Hormuz deadline hits Monday 8PM ET — with CPI at 0.9% forecast and Core PCE arriving days later.

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Trump is reported to have fired Atty. Gen. Pam Bondi. Fox news reports that he is eyeing Lee Zeldin as a replacement, but Todd Blanche is reportedly the interim AG. Trump has reportedly been frustrated with Bondi’s handling of the Jeffrey Epstein files, and Zeldin’s name has come up most frequently in discussions of potential replacements, though no final…

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Something caught my attention on the daily chart of Rio Tinto (RIO) this week, and it wasn’t the sharp recovery off the recent lows, though that’s worth noting too. It was the trendline underneath all of it. This thing has been running since mid-2024, quietly doing its job, and every time I’ve come back to this chart over the…

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Mon: Holiday: Easter Monday, Canadian Services/Composite PMI (Mar), US ISM Services (Mar), Australian Services/Composite PMI Final (Mar), Japanese Household Spending (Feb) Tue: EIA STEO (Apr), EZ/UK Services/Composite PMI Final (Mar), US ADP Employment Change Weekly, US Durable Goods Orders (Feb), US RCM/TIPP Economic Optimism Index (Apr), US Consumer Inflation Expectations (Mar) Wed: FOMC Minutes (Mar), RBNZ Policy Announcement (Apr),…

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United States President Donald Trump is on the wires on Good Friday, claiming on Truth Social that the US can easily reopen the Strait of Hormuz, take the oil, and make a fortune. With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE. IT WOULD BE A “GUSHER” FOR THE…

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Baker Hughes weekly rig count data shows: Total rigs 548 vs 543 last Oil rigs 411 vs 409 last week Nat Gas 430 vs 427 last week. The price of crude oil is trading at $110.75. That’s up $10.60. The gain today is the highest since March 6. The high price reached $113.97. The high price from March 9…

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EUR/USD trades in a tight range on Friday as a stronger-than-expected US Nonfarm Payrolls (NFP) report lends support to the US Dollar (USD), while the Euro (EUR) holds relatively steady amid thin liquidity conditions due to the Good Friday holiday. At the time of writing, the pair trades around 1.1534, remaining on the back foot for the second straight…

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Throughout this conflict, there has been a general alignment in markets. It has led to a sortof ‘war-on’ or ‘war-off’ trade where crude oil would rally on signs of escalation and it would mean stocks and bonds would fall, along with US dollar strength. Today is a big departure from that. WTI crude oil is up $11 to $111.13…

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The AUDUSD slipped below its 100-hour moving average at 0.68846 during the Asian session, and early attempts to hold below that level added a more bearish technical tone. However, downside momentum stalled near 0.6858, signaling a lack of follow-through from sellers. As equities recovered, the pair rebounded and moved back above the 100-hour moving average, shifting the short-term bias….

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