WTI futures correct to near $97.20 West Texas Intermediate futures on NYMEX have corrected to near $97.20 during the European trading session. The correction comes as escalating hawkish Federal Reserve bets have raised concerns over oil demand. The oil price had
Europe’s reliance on U.S. liquefied natural gas is projected to grow sharply, raising energy security concerns amid geopolitical risks. The European Union’s share of liquefied natural gas imports from the U.S. is expected to climb to 80% within two years, up from 58% curre
The currency pair stabilizes after UK election losses trigger calls for Prime Minister Keir Starmer’s resignation, fueling fiscal concerns. GBP/JPY trades around 213.60 in Asian hours, paring earlier gains as the British Pound weakens amid a deepening UK political crisis.
The Euro weakens against the Pound ahead of key Eurozone GDP data amid energy shock concerns and geopolitical risks. The EUR/GBP pair retreated to 0.8660 in early European trading on Wednesday, reflecting investor caution ahead of upcoming Eurozone GDP data. The Euro’s dec
Eurozone energy dependency and stalled US-Iran talks weigh on the Euro, offsetting hawkish ECB signals. The EUR/GBP pair retreated to 0.8660 in early European trading on Wednesday, pressured by concerns over the Eurozone’s vulnerability to Middle East energy shocks. Escala
UOB strategists expect AUD/USD to consolidate between 0.7215 and 0.7255, with modest upside potential over the next 1-3 weeks. The Australian Dollar remains constrained against the US Dollar, trading near 0.7209 after a brief dip. UOB strategists anticipate intraday consol
UOB strategists Quek Ser Leang and Lee Sue Ann see AUD/USD consolidating after a brief dip to 0.7209, with intraday trade expected between 0.7215 and 0.7255. The firm underlying tone suggests the pair could edge higher in the coming 1–3 weeks, though gains are seen limited
France's April CPI holds at 2.2% year-over-year France's consumer price index for April remained steady at 2.2% year-over-year, matching the preliminary reading. The prior month's reading was 1.7%. The HICP, or harmonized index of consumer prices, also held at 2.5%
ECB Governing Council member warns of potential intervention as core inflation data remains insufficient for policy decisions. European Central Bank policymaker François Villeroy de Galhau stated the ECB must prepare to address second-round inflation effects. The remarks h
XAU/USD falls for a second day as US inflation data fuels Fed rate hike expectations and geopolitical risks lift the dollar. Gold prices extended losses below $4,638 on Wednesday, failing to sustain an overnight rebound as the US dollar strengthened. The move followed stro