European natural gas prices climb after U.S. and Iran exchange fresh strikes
European natural gas prices climb after U.S. and Iran exchange fresh strikes Source link
US dollar holds steady amid rising tensions in Middle East
The USD is higher but little changed vs most of the major currencies. It is trading above and below unchanged vs the GBP, and up vs the EUR and the…
Iran’s Araghchi: Warns US and Israel against potential attacks across all fronts, including Lebanon
Iranian Foreign Minister Seyed Abbas Araghchi warns of serious consequences, in a post on X, formerly known as Twitter, that the United States (US) and Israel would face serious consequences…
Australian Dollar: Manufacturing slowdown and housing cooling – BNY
BNY’s Bob Savage flags softer Australian activity, with manufacturing PMI only marginally in expansion as new and export orders fall and cost pressures stay intense. The Melbourne Institute inflation gauge…
Drivers in Russian-controlled Crimea grapple with gasoline shortages
Drivers in Russian-controlled Crimea grapple with gasoline shortages Source link
Canada enters a technical recession: Why the Canadian dollar now depends entirely on a weaker US Dollar
The Canadian Dollar (CAD) is facing notable headwinds following unexpected data showing that Canada’s economy has entered a technical recession. With first-quarter real Gross Domestic Product (GDP) contracting and previous…
Gold Price Forecast: XAU/USD dives to $4,500 amid simmering tensions in Iran
Gold (XAU/USD) trades lower on Monday, reverting Friday’s gains and returning to the $4,500 atrea following rejection at the $4,590 resistance area. Precious metals remain weighed, as tensions between Iran…
USD/JPY Approaches 160.00: Is Another Intervention Coming?
USD/JPY continued its advance on Monday, reaching 159.46. The Japanese yen therefore remains under pressure near the key 160.00 level against the US dollar. This was the threshold that previously…
US Manufacturing Activity is Holding Up
In focus today In the US, ISM Manufacturing index will be released for May. Regional Fed indices are pointing towards another uptick despite the energy supply uncertainty. In the euro…
WTI Crude Oil Wave Analysis
WTI crude oil: ⬇️ Sell WTI crude broke support area Likely to fall to support level 80.00 WTI crude oil recently broke the support area between the support level 87.15…
