PM Albanese secures 600,000 barrels of jet fuel from China as Australia shores up supplies
Australia has secured three shipments of jet fuel totalling more than 600,000 barrels from China, due from early June, plus 38,500 tonnes of agricultural urea from Brunei, Prime Minister Albanese…
US Dollar Index: DXY eyes range break – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar Index (DXY) is likely to overshoot the upper end of its 96.00–100.00 range as resilient United States (US) economic…
USDCHF trades to new highs going back to April 30
The USDCHF is extending sharply to the upside after buyers leaned against a strong technical support zone during the Asia-Pacific session. The pair found willing buyers near a confluence of…
European natural gas prices edge higher amid worries over tighter LNG supplies
European natural gas prices edge higher amid worries over tighter LNG supplies Source link
US Dollar Index: Upside risks build on Iran headlines – ING
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner see upside risks for the Dollar as bond markets remain volatile and Middle East developments drive sentiment. With US data light,…
Breaking: Canada headline CPI came in at 2.8% in April
Canada’s inflation picked up pace in April, with the Consumer Price Index (CPI) rising 2.8% from a year earlier, below market expectations and up from the 2.4% increase recorded in…
Oil prices remain persistently elevated amid prolonged US-Iran stalemate
FUNDAMENTAL OVERVIEWOil prices continue to range around triple digit levels as the prolonged US-Iran stalemate keeps traders on edge. This situation is unlikely to change until we get a real…
WTI: Falling Production and Deadlock in Negotiations
Fundamental Background As a result of the military conflict between the United States and Iran, the combined volume of halted oil production in Iraq, Saudi Arabia, Kuwait, the UAE, Qatar…
Gold Recovers Some Losses: What’s Driving the Market?
Gold rose to 4,600 USD per ounce on Tuesday, continuing its recovery from the previous session, and is now trading around 4,548 USD. Market sentiment was supported by hopes of…
Indian Rupee faces pressure as higher oil prices remain painful
The Indian Rupee (INR) holds onto its 10-day losses against the US Dollar (USD) in the opening session on Tuesday. The USD/INR pair trades firmly at around 96.43, close to…
