Danske Bank Flags Bearish Oil Setup as Global Supply Normalizes
Danske Bank has issued a bearish outlook for crude oil markets, citing a gradual normalization of global supply as the primary driver. The
Forex News
Forex News
US Core PCE Inflation Expected to Rise in May, Reinforcing Hawkish Fed Stance
Economists and market analysts are bracing for a reported increase in the US core Personal Consumption Expenditures (PCE) price index for May, a
Forex News
Australian Dollar Fails to Rally Despite Strong Jobs Data: What’s Holding It Back?
The Australian dollar (AUD) is struggling to sustain any upward momentum, even after the release of surprisingly robust domestic employment figures. This disconnect
Forex News
Mexican Peso Rallies as Banxico Holds Rates Steady, Signals Hawkish Stance
The Mexican peso strengthened against the US dollar on Thursday, extending its recent rally after the Bank of Mexico (Banxico) held its benchmark
Forex News
Crude Oil Bounces on Hormuz Scare It Doesn’t Believe
Crude oil futures experienced a sharp but short-lived spike on Tuesday following an unconfirmed report suggesting a potential disruption at the Strait of
Forex News
Pound Sterling Buckles as UK Leadership Vacuum Deepens Market Uncertainty
The British pound is under renewed pressure this week, slipping against both the US dollar and the euro as political uncertainty in the
Forex News
Core PCE inflation expected to edge higher in May, keeping September Fed rate hike in play
The U.S. core Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, is expected to show a modest uptick when
Forex News
Indian Rupee Gains as Energy Flows Resume Through Strait of Hormuz
The Indian rupee strengthened against the US dollar on Tuesday, supported by the revival of energy flows through the Strait of Hormuz. The
Forex News
Brent Crude Pressured Lower as Hormuz Reopens, Commerzbank Says
Brent crude oil prices are facing renewed downward pressure following the reopening of the Strait of Hormuz, according to analysts at Commerzbank. The
Forex News
US Dollar Strength Tied to Fed’s Next Moves, Says MUFG
The trajectory of the US dollar is increasingly dependent on the Federal Reserve’s policy decisions, according to a new analysis from MUFG. The