Category
157 articles
Even with oil tankers resuming passage through the Strait of Hormuz, disrupted fuel supply chains are keeping energy prices elevated and fueling a deepening bond rout that is reshaping the global risk landscape for currency traders.
The New Zealand Dollar has found temporary footing near its recent lows while market participants increasingly price in the possibility of a Reserve Bank of New Zealand rate hike.
Crude oil prices surged more than 1% in early Asian trading Monday after U.S. President Donald Trump turned down Tehran's conditional offer to reopen the Strait of Hormuz, reinforcing a risk-averse tone that is pressuring high-yield and risk-sensitive currency pairs.
Live and feeder cattle futures ended the week with broad-based gains, bolstered by increased speculative positioning, year-over-year growth in beef cold storage stocks, and lower slaughter numbers disrupted by enforcement actions at Kansas packing plants.
Advertisement
Lean hog contracts fell 17 to 97 cents on Friday, while managed money pushed its net short position to a record 35,548 contracts. USDA's September 1 hog inventory data showed a 1.51% year-over-year decline, signaling gradual supply tightening.
Treasury Secretary Scott Bessent confirmed a two-month extension of the U.S.-China trade truce, keeping reduced tariffs and rare-earth supply flows in place, as President Xi Jinping began a state visit in Washington.
US Treasury Secretary Scott Bessent has confirmed that the existing trade truce between the United States and China has been extended, with the new deadline set at January 10.
Oil prices dipped during early Asian trading hours amid contradictory reports about whether Tehran has floated a conditional plan to reopen the Strait of Hormuz, a key global energy chokepoint.
Crude oil prices slid to the vicinity of $89 per barrel as global markets assessed the economic and geopolitical signals embedded in President Trump's address to the United Nations.
A senior figure at the Reserve Bank of Australia has voiced backing for additional interest rate increases, warning that inflationary pressures risk becoming entrenched in the economy.
XAG/USD continues to consolidate its recent uptrend around the mid-$66 range, with market participants keeping a close eye on the 23.6% Fibonacci retracement level as a critical pivot for the metal's near-term direction.
The euro steadied just above the 1.1450 level, caught between uncertainty surrounding German politics and a Federal Reserve signaling a more restrictive monetary path.
