Northwest European gasoline margins fall despite stock decline
Northwest European gasoline margins fall despite stock decline Source link
USDCAD technical analysis:USDCAD corrects toward a support target as the upside run stalls
The USDCAD has been trending higher this week, supported by a combination of geopolitical tensions, widening interest-rate differentials, and a weakening Canadian economic backdrop.From a fundamental perspective, the Canadian dollar…
Oil draw larger than expected. Oil climbs to 1 week high, Iran-US deal signals stay mixed
First, oil inventory data. This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.Via oilprice.com:Expectations I had seen centred on:Headline…
Swiss Franc rallies in spite of itself
The Swiss Franc (CHF) spent Thursday doing something that, on paper, should not work. It closed as the strongest currency on the board, firmer against every major rival, on the…
Weekly Focus – Rate Hikes Coming from the Big Central Banks
Last week’s optimism on a reopening of the Strait of Hormuz faded this week as both US and Iran officials toned down the prospect of agreement and military action flared…
JPMorgan sees Strait reopening in June but leaves the hard question unanswered
Banks warn Hormuz closure is pushing oil markets toward a supply tipping point, with HSBC flagging non-linear price spikes and JPMorgan projecting the Strait could reopen in June.Summary:JPMorgan forecasts the…
AUDUSD has a bearish tilt but the price remains contained within 100 ip and down range
Looking back over the last 15 trading days, most of the AUDUSD price action has been contained within a relatively well-defined range between 0.7100 and 0.7200. There were breaks below…
Chart Alert: Dow Jones (DJIA) Under Pressure, Medium-Term Uptrend at Risk
Key takeaways The Dow Jones Industrial Average is showing increasing signs of relative weakness, underperforming major US equity benchmarks since the March 2026 market recovery and now facing a potential…
Here we go again. Israel, Lebanon agree ceasefire framework, but Hezbollah holds the key.
Israel and Lebanon have agreed a ceasefire framework under US guidance, contingent on full Hezbollah withdrawal from southern Lebanon, with comprehensive talks to resume the week of June 22.Summary: Source:…
The Pound: Heading Towards 1.31 or 1.37?
Conflicting drivers are preventing GBPUSD from finding a clear direction. The Bank of England is set to disappoint markets with the scale of its monetary tightening. The British pound is…
