Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities
August WTI crude oil (CLQ26) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26) closed up +0.1817 (+6.09%).
Market Analysis
Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities
August WTI crude oil (CLQ26) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26) closed up +0.1817 (+6.09%).
Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to glob…
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Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate
The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. September E-mini S&P futures (ES…
Vault and Genesis agree to merge and create $8.71 billion Australian gold producer
July 14 (Reuters) – Genesis Minerals has agreed to acquire smaller peer Vault Minerals in a deal that would create Australia’s third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 bil…
Dollar Rises with Crude Prices and Bond Yields
The dollar index (DXY00) rose by +0.29% on Monday. The dollar found support Monday on some safe-haven demand from escalating hostilities in the Middle East after the US and Iran traded attacks over the weekend. Also, Mo…
WTI spikes amid escalating Middle East Tensions
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties followi…
Dollar Rises with Crude Prices and Bond Yields
The dollar index (DXY00) rose by +0.29% on Monday. The dollar found support Monday on some safe-haven demand from escalating hostilities in the Middle East after the US and Iran traded attacks over the weekend. Also, Mo…
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Australian Dollar weakens to near 0.6900 as US launches more strikes against Iran
The AUD/USD pair trades with mild losses around 0.6915 during the early Asian session on Tuesday. Ongoing geopolitical tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) agai…
Gold tumbles below $4,000 on Trump’s Iran port blockade move, US CPI data looms
Gold price (XAU/USD) remains under selling pressure near $3,995 during the early Asian session on Tuesday. The precious metal extends its downside as renewed US-Iran tensions keep inflationary pressures high. Traders aw…
RBNZ's Conway: Inflation to return to 2% over medium term
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term.
Jim Cramer says these 'Pavlovian trades' are the stocks that benefit when oil spikes
CNBC's Jim Cramer said Monday that rising oil prices are fueling a familiar rotation across the stock market, which took it on the chin to start the new trading week.
Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate
The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. September E-mini S&P futures (ES…
Stocks Retreat on Chipmaker Weakness and US-Iran Standoff
The S&P 500 Index ($SPX) (SPY) today is down -0.33%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%. September E-mini S&P futures (ESU26) are down -0…
Dollar Rises with Crude Prices and Bond Yields
The dollar index (DXY00) rose by +0.29% on Monday. The dollar found support Monday on some safe-haven demand from escalating hostilities in the Middle East after the US and Iran traded attacks over the weekend. Also, Mo…
Meta Expands Louisiana AI Data Center To 5 GW, Lifts Investment Above $50 Bln
(RTTNews) - Meta Platforms Inc. (META) said it will expand its Hyperion data center in Richland Parish, Louisiana, to 5 gigawatts of compute capacity more than doubling its earlier plan of just over 2 gigawatts to suppo…
Euro slides as Waller warning, Iran strikes lift US Dollar
The shared currency begins the week on a lower note, down 0.31% as risk aversion fueled flows towards the US Dollar amid heightened tensions in the Middle East. Also, hawkish comments by a Fed official underpinned US Tr…
Chinese Yuan: Consolidation after sharper drop against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the ne…
The U.S. is maxing out its strategic oil reserves as Trump vows to control the Strait of Hormuz
The war with Iran entered its 13th day Thursday, as Iran issued what it said was the first message from its new supreme leader, while attacks on commercial ships spread to Iraq's waters and oil prices climbed back above…
Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities
August WTI crude oil (CLQ26) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26) closed up +0.1817 (+6.09%).
Singapore Dollar: Upside risks with CPI and Warsh in view – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong observe that USD/SGD has turned slightly softer, tracking Renminbi (RMB) gains as the Dollar consolidates. They see risks skewed to the downside, with support at 1.29 …
Chipotle is opening its first restaurant in Mexico
Fast casual chain Chipotle is set to open its first restaurant in Mexico this week, the company announced on Monday.
Forex Today: US Dollar surges as Hormuz tensions send Oil to one-month high
The US Dollar Index (DXY) surges toward 101.30, gaining around 0.3% as escalating tensions between the United States (US) and Iran boost safe-haven demand and drive energy prices sharply higher. US President Donald Trum…
Stocks Retreat on Chipmaker Weakness and US-Iran Standoff
The S&P 500 Index ($SPX) (SPY) today is down -0.33%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%. September E-mini S&P futures (ESU26) are down -0…