Key takeaways The Week Ahead: a key moment for the global economy as threats rise Oil prices are rising once more on Monday, and Brent crude is higher by more than 3% after last week’s hopes for a diplomatic solution to reopen the Strait of Hormuz have been dashed. The Brent crude continuous contract is […]
Gold prices fell by more than 4% on Monday, breaking through key support levels and dropping below the $4,200-per-ounce mark to their lowest level in nearly two months. The sell-off in the precious metals market is the result of cumulative pressure from rising U.S. Treasury yields and resurgent inflation fears fueled by a spike in […]
Shift in narrative Just a few days ago, the market was heavily fearing a return of crude oil prices to new all-time records during the ongoing war. However, now investors are starting to play out a completely different scenario: the collapse of the Iran blockade. Although oil prices are rebounding significantly during the last Monday […]
The offshore yuan is trading around 6.71 per US dollar, recovering recent ground as markets assess the latest developments in US-China trade relations and the implications of the recently concluded Trump-Xi summit. The United States and China have agreed to reduce tariffs on roughly $30 billion of imports from each country and extend their trade […]
The South Korean won is holding around 1,358 per US dollar, maintaining recent gains as strong earnings expectations for Korean semiconductor companies continue to support the currency. Robust global demand for chips is keeping expectations for stronger export revenues and foreign-currency inflows elevated, providing an important fundamental support for the won. At the same time, […]
US natural gas prices are trading around $3.11/MMBtu, extending their decline for a second session as the market waits for further clarity on the Mountaineer XPress pipeline disruption in West Virginia. The outage has removed an estimated 1.4–1.8 bcfd of gas flows, creating a near-term supply concern. However, the pressure from the pipeline disruption is […]
The Indian rupee has weakened toward 95.9 per dollar, extending recent losses as higher crude oil prices, rising US Treasury yields and a firmer US dollar increase pressure on the currency. The combination is particularly important for the rupee because higher energy prices can increase India’s import costs while stronger US yields can improve the […]
Malaysian palm oil futures remain below MYR 4,700 per tonne, hovering near a six-week low as weakness across competing edible oils and softer export demand weigh on the market. The near-term balance remains pressured by sluggish shipments, expectations for higher Malaysian inventories and subdued Indian buying. At the same time, the downside is being partly […]
Copper futures are trading around $6.60 per pound, extending their retreat from recent record highs as softer economic data from China raises fresh questions about industrial demand. China remains the world’s largest copper consumer, making changes in domestic industrial activity an important signal for the direction of the market. Industrial profits in China increased 15.7% […]
Gold price (XAU/USD) drops to around $4,215 during the early Asian trading hours on Monday. The precious metal loses ground as a stronger US Dollar (USD) and hawkish signals from the US Federal Reserve (Fed) policymakers dented bullion’s appeal. Expectations of higher-for-longer US interest rates were firmed after Fed officials said additional rate increases may […]