Author: FX
AUD/CAD bounced off its range resistance earlier this week and is now setting its sights back on the floor. Will support still hold this time? Source link
An Iraqi exit would remove the world’s sixth-largest crude producer from the cartel’s output discipline framework and, combined with the UAE’s departure in May, would leave Saudi Arabia increasingly isolated as the group’s enforcer. Mizuho’s Robert Yawger puts a sub-$50 floor scenario on the table if producers begin racing for market share without coordination, a level not seen since the COVID collapse. Brent has already retreated from a March peak above $115 to around $75, closer to pre-war levels, and the directional pressure from further OPEC fragmentation is clearly to the downside. Saudi Arabia’s spare capacity of 2 million barrels…
The UN’s International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.IMO chief Arsenio Dominguez said that several boats had already been evacuated, but the agency wanted to ensure that “necessary safety guarantees” would continue to be in place.A White House official stated that it was too soon to say who struck the ship. The official, who spoke on condition of anonymity to discuss internal deliberations, said that the US was looking into which party was responsible…
NZD/JPY has flashed a bullish Stochastic crossover in oversold territory, hinting that downside momentum may be starting to ease. Will price confirm the turn with follow through, or will the bounce fail and the downtrend continue? Source link
Micron’s blowout outlook lifted chipmakers while an Apple-led megacap selloff dragged the S&P 500 lower. Crude jumped on Hormuz tension, and the dollar finished a net underperformer. Source link
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NZD/USD pauses a six-day losing streak on Thursday as the US Dollar (USD) eases following the latest US Personal Consumption Expenditures (PCE) data, which broadly matched market expectations. At the time of writing, the pair trades around 0.5650, virtually unchanged near seven-month lows.Data from the US Bureau of Economic Analysis showed that the core Personal Consumption Expenditures (PCE) Price Index rose 3.4% YoY in May from 3.3% in April. On a monthly basis, core inflation held steady at 0.3%. Headline PCE accelerated to 4.1% YoY from 3.8%, marking its highest annual reading since April 2023.Following the data release, the US…
First Trust Multi-Strategy Alternative ETF declares quarterly distribution of $0.0737 Source link
US Core PCE rose 0.3% month-over-month in May 2026 and hit 3.4% year-over-year, matching forecasts but marking the highest annual rate since late 2023 amid energy shocks from the Strait of Hormuz. Source link
The AUDUSD has been stepping lower since the FOMC decision last Wednesday, when the pair initially broke below its 100-hour and 200-hour moving averages at 0.7060 and 0.7046, respectively.The downside momentum intensified on Monday, leading to a break below a key channel trendline. Yesterday, the pair retested the underside of that broken trendline during the Asian session, where willing sellers stepped in and pushed the pair to another leg lower. The price ultimately reached a low of 0.68816 before staging a modest rebound.Today’s price action has been volatile, with the pair trading in both directions. Importantly, the session low has…