Author: FX
Westpac sees the Dollar Index lower and has two other trade ideas !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Silver (XAG/USD) accelerates its advance on Wednesday and trades around $66.00 at the time of writing, up 2.18% on the day. The white metal benefits from a decline in the US Dollar (USD) and US Treasury yields following the release of the latest United States (US) inflation data, while geopolitical uncertainty continues to support safe-haven demand.The US Consumer Price Index (CPI) rose 0.1% MoM in July after falling 0.4% in June, while the annual rate eased to 3.4% from 3.5%. Both figures come in line with market expectations. Core inflation, which excludes volatile food and energy prices, increased 0.2% MoM…
U.S. CPI rose 0.1% in July 2026, matching forecasts, as core inflation cooled to its slowest pace since 2021, keeping the Fed on hold. Source link
Iran reportedly maintains that there are no discussions over ceasefire extension as the pact doesn’t exist anymore !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Chris Turner at ING notes EUR/USD remains lacklustre despite better Eurozone data and upside surprises, as high European natural gas prices and Gulf tensions weigh on the Euro. He argues that a soft US CPI print could allow EUR/USD to challenge last week’s 1.1580 high, though further gains may be limited by upcoming data and the Jackson Hole symposium before the Fed’s mid-September decision.Energy costs cap Euro upside”EUR/USD continues to trade in a lacklustre fashion. Better hard activity data and eurozone economic numbers generally surprising on the upside have failed to provide the euro with much of a lift. That…
Brent is back above $90, while WTI has topped $80, as transit through the Strait of Hormuz remains far from assured.Reuters reports that only six vessels passed through the Strait of Hormuz on Monday, well below the 10-day average of around 11, despite statements from Trump and Bessent that “we could reach an agreement today or tomorrow,” which could potentially reopen the path to a broader deal. The fact that these were little more than verbal interventions aimed at influencing the market highlights the sudden shift in rhetoric: just last week, the White House was saying the conflict was heading…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the third straight day and trades just below the $83.00 mark during the Asian session on Wednesday, close to a nearly two-week high set the previous day.An advisor to Iran’s Supreme Leader Mojtaba Khamenei said on Tuesday that the Strait of Hormuz will not be opened until the US meets Tehran’s demands. Moreover, fresh strikes by Yemen’s Iran-backed Houthis on shipping in the Red Sea fuel concerns over supply disruptions in West Asia. This, in turn, acts as a tailwind for the commodity and underpins…
The Reserve Bank of Australia (RBA) kept its cash rate at 4.35% this August. Markets expected the hold. What they didn’t fully agree on was the tone. Source link
WTI crude oil is pressing into a major technical wall just as the next big fundamental catalyst approaches! Will the Hormuz-driven rally have enough momentum to break through descending channel resistance? Or is a rejection back toward $80 the more likely outcome? WTI Crude Oil (USOIL) 4-hour Chart Faster with TradingView The Strait of Hormuz standoff shows no signs of being resolved after Iran’s security council secretary ruled out linking any Oman shipping arrangement to a full reopening. Meanwhile, a U.S. Navy helicopter incident involving a cargo ship registered in Panama added fresh risk premium to crude. Wednesday’s U.S. CPI…
Japan bond yields rise as oil gains stoke fresh inflation concerns !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link