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Oil at $100 Tests How Far Chinese Refiners Will Push Import Growth

The Israel-US war on Iran and its cascading effects have pushed the world into uncertain territory. Attacks on oil facilities and the closure of the key sea route – the Strait of Hormuz – have nearly choked off vital fu…

8 min read

XRP Pushes Above $1.60 as Network Activity Picks Up

Ripple’s XRP climbed above $1.60 on Tuesday for the first time since early February, aside from a brief uptick in August, as network activity increased alongside the price move. Data from blockchain analytics firm Santi…

2 min read

USD/JPY: US Dollar Strength Puts 158.50 Resistance to the Test

U.S. Dollar Index gains ground as traders react to the Retail Sales report. The report indicated that Retail Sales increased by +0.5% month-over-month in April, in line with analyst consensus. Retail Sales Ex Autos incr…

3 min read

Zcash Tops $1,600 After Europe’s First ZEC ETP Debuts

Zcash (ZEC) climbed above $1,600 for the first time since 2016 after 21Shares launched Europe’s first Zcash exchange-traded product (ETP) on Euronext Paris and Amsterdam.

3 min read

Gold falls as strong US PMI data gives Fed room to raise rates again

Gold (XAU/USD) trades on the back foot on Wednesday as expectations of further Federal Reserve (Fed) interest rate hikes lift the US Dollar (USD) and weigh on the non-yielding metal. At the time of writing, XAU/USD trad…

5 min read

US Dollar: Staying strong as Fed expectations hold – ING

ING strategist Francesco Pesole notes the Dollar’s resilience despite lower Oil prices and improved global risk sentiment, highlighting that hawkish Federal Reserve communication is keeping the Dollar supported. Strong …

2 min read

Frontier AI Just Became a Price War

Every day, businesses and governments around the world are becoming increasingly reliant on America’s frontier models. Startup CEOs already can’t imagine running their companies without AI, and it won’t be long until th…

14 min read

Rates Outlook: Asymmetric Relationship Between Oil and Rates

Russia’s full-scale invasion of Ukraine in February 2022 challenged much of the common Western understanding of Russia. How can the world better understand Russia? What are the steps forward for Western policy? The Eura…

38 min read

Oil Slips for a 5th Day as Nasdaq Rips in FOMO Fashion

Tuesday offered enough relief on that front. But the bigger point is still in plain sight: oil remains roughly 50% higher than a year ago, and nearly half of the US inflation overshoot can be traced to elevated energy a…

6 min read