Key points: OPEC+ to discuss maintaining voluntary output cuts of 2.2 million barrels per day. Brent crude futures for July increased slightly to $82.23 a barrel. Oil prices saw minimal movement in early Asian trading on Monday, as market participants …
Key Points: The Central Bank of Turkey (CBT) kept the policy rate at 50%, in line with expectations. CBT maintains a tightening bias, indicating further hikes may be necessary if inflation persists. Forex reserves have improved, leading to increased Turkish …
Japanese CPI eased in April; record wage rises haven’t impacted general prices. BoJ’s challenge: Hiking into economic weakness with uncertain inflation path. Nasdaq Composite, S&P 500, Dow Jones all saw dips Nvidia shares surged over 9%, topping $1,000 for the …
Key points: Dollar heads for its largest weekly rise in over a month. U.S. business activity hits a two-year high, influencing interest rate expectations. The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong …
Key points: Chicago wheat prices rose 0.4% to $7.01 a bushel, marking a 7.6% weekly gain. Corn futures increased by 0.3% to $4.65-1/4 a bushel, while soybeans fell 0.1% to $12.38-1/4 a bushel. Chicago wheat prices gained more ground on …
Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus …
Key Points: Brent crude futures continued to fall to $81 per barrel, and WTI crude futures dropped to $76 per barrel. The FOMC meeting minutes indicated the potential for further rate hikes if inflation surges, impacting the demand for crude …
Key points: The pound held at $1.2722, near a two-month high after inflation data and election announcement. British inflation rose by 2.3% annually in April, nearing the Bank of England’s target but slowing less than expected. The British pound held …
Key points Analyst prediction: Gold may drift back to $2,355 if the dollar maintains upward momentum. Fed minutes: Indicated discussions of possible further interest rate hikes. ANZ outlook: Rising prices could temper discretionary gold buying. Gold prices fell for a …
Key Points: Fed officials indicated a willingness to raise rates again if inflation persists. The Fed maintained its benchmark interest rate at 5.25%-5.5%. The US Dollar Index (Symbol: USDX) strengthened on hawkish Fed minutes. Market reactions include a drop in …
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