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Gold: Oil-led inflation fears cap recovery â ING
INGâs Warren Patterson and Ewa Manthey report that Gold has come under pressure as higher Oil prices stoke inflation concerns and push yields and the US Dollar higher.
Brent: War premium drives triple-digit prices â UOB
UOB Global Economics & Markets Research highlights that escalating US-Iran tensions and Houthi attacks on Red Sea shipping have driven Brent crude above US$100 for the first time since May, with Asia trading near US$101.
Equities: Oil shock and tech earnings hit equities â Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 and Nasdaq fell sharply as surging Oil prices and stagflation fears weighed on risk assets. Weak postâearnings reactions in Tesla and Alphabet dragged the Mag 7 index to its biggest daily loss since 2025.
USD/CAD Price Forecast: Softens below 1.4100, but bullish outlook stays intact above key support
The USD/CAD pair trades in negative territory near 1.4075 during the early European trading hours on Friday. Escalating conflicts in the Middle East boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Â
Gold: Oil spike caps rebound and keeps risks two-way â OCBC
OCBCâs Sim Moh Siong and Christopher Wong note Gold has retreated back toward USD 4,040/4,050 after briefly trading above 4,160 as Brent surged past USD100 and the Dollar and US yields climbed.
Brent: Conflict risks keep prices supported â ING
ING analysts Warren Patterson and Ewa Manthey note that Brent has broken above $100/bbl as Middle East tensions escalate and supply risks mount. They highlight threats to flows through the Strait of Hormuz and the Red Sea, as well as disruptions to Kazakh exports.
WTI Price Forecast: Falls to near $90.00, while bullish structure stays intact
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.05 during the early European trading hours on Friday. WTI tumbles as traders book some profits.
Indian Rupee holds early gains amid renewed RBI intervention rumours
The Indian Rupee gains strongly after a flat opening against the US Dollar (USD) on Friday. The USD/INR pair declines to near 96.50 as the Reserve Bank of India (RBI) has intervened again to support the Indian Rupee.
United States Dollar Index holds gains near 101.50 on revival of hawkish Fed bets
The US Dollar (USD) clings to the previous dayâs gains in the Asian session on Friday, as surging oil prices due to intensified Middle East energy supply risks have revived Federal Reserve (Fed) interest rate hike expectations.
10% weekly surge: WTI holds above $90.00 amid Middle East escalation
West Texas Intermediate (WTI) oil price halts its three-day winning streak, trading around $90.20 per barrel during the Asian hours on Friday. However, WTI crude price is on track to surge over 10% this week.
US President Donald Trump vows to punish Iran for Houthi attacks in Red Sea
US President Donald Trump said that the US would hold Iran responsible for the Houthisâ actions and warned that Iran and its Houthi allies would both soon receive a âmajor military punishment,â Reuters reported on Thursday.Â
US military launches 13th consecutive night of strikes on Iranian military targets
The US Central Command (CENTCOM) said it is attacking Iran for the 13th consecutive night, the Guardian reported on Friday. The US military stated that this action aims to hold Iran accountable and diminish threats from the Islamic Revolutionary Guard Corps (IRGC) to commercial shipping.
Asia FX: Oil shock seen manageable â BNY
BNYâs Geoff Yu argues that Oil near $95 is a shock for Asian energy importers but not a trigger for a broad balance-of-payments crisis.