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…
Here is a rundown of latest headlines surrounding the crisis in the Middle East as the United States (US) and Israel’s war against Iran enters the fourth week: US President Donald Trump said on Saturday that they will “obliterate” Iran’s power plants, starting with the biggest one, if they refuse to open the Strait of Hormuz within 48 hours….
If you needed a reminder that forex trading is never just about one thing, last week delivered it emphatically. Six major central bank decisions landed within days of each other, February PPI scorched expectations at 0.7% month-over-month, and the Iran war continued reshaping global energy markets — with WTI briefly tagging $100 before retreating on diplomatic signals. The Fed…
Prior was -0.4% Ex autos +0.8% vs +1.2% expected Prior ex autos +0.1% (revised to 0.0%) Advance February sales +0.9% Sales hit $70.7 billion in January Sales ex autos and gas +0.9% The advance reading tends to be the better signal in this report and the number for February is strong. As for January, vehicles rose 2.0% led by…
EUR/USD trades with a mild downside bias on Friday as a modest rebound in the US Dollar (USD) weighs on the Euro (EUR), with price action lacking follow-through buying after failing to sustain a break above the 1.1600 mark. At the time of writing, the pair hovers near 1.1542, down around 0.38% on the day, though it remains on…
The CHF weakened initially (USDCHF moved higher) after the SNB signaled a willingness to intervene following its decision to keep rates unchanged on Thursday. The pair extended to a high of 0.7957, stalling just ahead of a downward-sloping trendline on the 4-hour chart. However, the upside momentum could not be sustained. Broad-based USD selling during the North American session…
