European Central Bank: June hike starts recalibration phase – Nomura
Nomura’s Andrzej Szczepaniak and team expect the European Central Bank (ECB) to begin a recalibration phase at the 11 June meeting, with a 25bp hike in the depo rate to…
Brent: The Downtrend Begins to Crack
Fundamental backdrop In April 2026, the closure of the Strait of Hormuz pushed Brent prices to their highest levels per barrel since 2022. However, diplomatic developments reversed the market’s direction:…
Gold stays on the backfoot amid hawkish Fed risk, prolonged US-Iran stalemate
FUNDAMENTAL OVERVIEWGold has been bouncing around for the entire week on positive and negative US-Iran headlines. Yesterday’s rally came after Trump touted once again on Truth Social that a deal…
Chart Alert: EUR/USD Finds Support as ECB Hawkishness Offsets Fed Strength Ahead of NFP
Key takeaways EUR/USD remains resilient ahead of the US Nonfarm Payrolls report, supported by expectations that the European Central Bank will maintain a more aggressive tightening path than the Federal…
World food prices slip in May, still near three-year high, FAO says
World food prices slip in May, still near three-year high, FAO says Source link
Why is the Indonesian Rupiah hitting historic lows when it’s already deeply undervalued?
The Indonesian Rupiah (IDR) has dropped to a historic low, crossing the psychological threshold of 18,000 per US Dollar alongside a sharp multi-year contraction in domestic equity markets. This severe…
The top gold reserve buyer in 2025 wasn’t a central bank, it was Tether
The ECB was out with a report today on the international use of the euro but it contained some interesting details about who is buying gold and in what quantities.First…
Indian Rupee gains as RBI leaves Repo Rate steady, warns upside inflation risks
The Indian Rupee gains against the US Dollar (USD) after the Reserve Bank of India’s (RBI) monetary policy decision, with the USD/INR pair sliding to near 95.28.As expected, the RBI…
Oil: Prices stay subdued despite Hormuz risk – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton stresses that Oil markets remain in focus as Brent futures fell sharply even with the Strait of Hormuz effectively closed in their baseline. Picton…
Copper prices are nearing records as analysts get increasingly bullish
Copper prices continue to ratchet higher as the tightness in the market that's been predicted for years begins to bite. I've been writing for years that copper is the simplest…
