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Markets
Oil shock supports greenback as conflict drags – MUFG
MUFG’s Senior Currency Analyst Lee Hardman notes that the surge in Oil prices linked to the Middle East conflict is reinforcing US Dollar strength, especially versus high-yielding…
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Expects more downfall below 1.3250
The Pound Sterling is down 0.5% to near 1.3350 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair tumbles as the US Dollar (USD)…
Stagflationary forces are building
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Price spike extends with war risk – Danske Bank
Danske Bank’s Danske Research Team highlights a sharp jump in Oil prices as Middle East tensions escalate, with Brent crude quoted at USD 116/bbl. The bank notes producers shutting…
Millions turn to AI for pension planning
One curtain-raiser to start: Former hedge fund manager Crispin Odey is challenging a decision by the UK’s Financial Conduct Authority to fine and ban him from working in Britain’s…
Gold recovers above $5,100; USD strength limits recovery potential
Gold (XAU/USD) recovers over $100 from a four-day low, touched earlier this Monday, and now trades above the $5,100 mark heading into the European session, still down over 0.40%…
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Indian Rupee sinks to all-time low as oil price rally intensifies
The Indian Rupee (INR) sinks to a fresh all-time low against the US Dollar (USD) in the opening trade on Monday. The USD/INR pair opens higher around 92.80 as the Indian Rupee…
EUR/JPY loses traction below 183.00 as Middle East conflict lifts Japanese Yen
The EUR/JPY cross trades in negative territory near 182.95 during the early European session on Monday. The Japanese Yen (JPY) edges higher against the Euro (EUR) on escalating…