WTI Oil extends rally as Trump touts China demand, Hormuz risks linger
West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day and breaking…
British Pound tumbles as UK turmoil, Iran risks lift USD
The GBP/USD pair extends on Friday its losses for the fourth straight day, poised to finish the week down more than 2% as political turmoil in the UK and increased…
Morgan Stanley maps four oil shock scenarios from Fed hikes to global recession
Morgan Stanley's base case is gradual Iran de-escalation and a patient Fed, but four alternate scenarios range from a 100bp rate hike to global recession triggered by $140-160 oil.Summary:Morgan Stanley's…
Euro gains against British Pound amid rising UK leadership uncertainty
EUR/GBP climbs to near one-month highs on Friday as rising political uncertainty in the United Kingdom (UK) pressures the British Pound (GBP). At the time of writing, the cross is…
Trump says Iran war is worth the economic pain. These rural voters agree
Trump says Iran war is worth the economic pain. These rural voters agree Source link
Indonesia: Rate hike expectations support Rupiah – ING
ING economists Deepali Bhargava, Lynn Song and Min Joo Kang expect Bank Indonesia (BI) to shift toward a tighter stance at its upcoming meeting. They highlight recent Indonesian Rupiah weakness,…
Trump says Xi agrees Iran must open strait, China says war should not have started
Trump says Xi agrees Iran must open strait, China says war should not have started Source link
US Dollar Index climbs to five-week high as hawkish Fed bets gather pace
The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as…
Gold sinks 2% as Iran war fuels fresh inflation shock
Gold price retreats by over 2.30% on Friday amid fears that prolonged hostilities between the US and Iran could trigger a second wave of inflation, forcing central banks to hike…
Sellers are Pressing Down on Crypto
Market Overview The crypto market is trading within a narrow range, having bounced off its upper boundary at $2.73T and retreated to $2.67T at the time of writing. New records…
