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Canadian Dollar: Trading near fair value against US Dollar - Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret describe USD/CAD trading close to their fair value estimate around 1.3842 as the Canadian Dollar (CAD) reacts to trade headlines and weaker Oil prices.
Oil: Chinese demand peak shifts market balance – Commerzbank
Commerzbank’s Carsten Fritsch notes that softer-than-expected US sanctions on Iran have added to downward pressure on Oil prices despite severe disruptions to tanker traffic through the Strait of Hormuz.
WTI plummets to near $82 as US economic pressure on Iran seems less risky
West Texas Intermediate (WTI), futures on NYMEX, trade 3% lower at around $82.00 during the European trading session on Tuesday.
Gold Price Forecast: XAU/USD holds onto early losses near $4,630, US Yields plunge
Gold price (XAU/USD) is down 0.4% to near $4,630 during the European trading session on Tuesday. The precious metal corrects after failing to extend the rally above $4,700 earlier in the day.
WTI slides below $84.00 on firmer USD but US-Iran tensions limit deeper losses
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh sellers following an intraday uptick to the $85.35 region and turns lower for the second straight day. The commodity slides below $84.00 during the early European session, though the downside potential seems limited.
Indian Rupee jumps to weekly high amid lower Oil prices, declining US Yields
The Indian Rupee (INR) opened almost flat against the US Dollar (USD) on Tuesday, but there is a significant appreciation in India's afternoon trading hours.
WTI holds ground above $84.50 as escalating concerns over US sanctions on Iran
West Texas Intermediate (WTI) oil price appreciates after registering over 2% losses in the previous day, trading around $84.70 per barrel during the Asian hours on Tuesday.
Iran’s Economy Minister Madanizadeh: Enemies should wait for an attack
Iranian Economy Minister Ali Madanizadeh said on Tuesday, "We are fully prepared for the US sanctions."
WTI Price Forecast: 100-day SMA caps upside near $85
West Texas Intermediate (WTI) Oil trades on the back foot on Monday after gaining more than 5% last week. The pullback comes even as the broader backdrop remains largely unchanged, with Middle East tensions elevated and shipping through the Strait of Hormuz still heavily restricted.
WTI Oil retreats toward $85 ahead of US economic offensive against Iran
West Texas Intermediate (WTI) US Oil falls 1.55% on Monday and trades around $85.00 at the time of writing, giving back some of its recent gains as investors take profits ahead of the announcement of new US sanctions against Iran.
Oil: Sanctions risk keeps market tense – Danske Bank
Danske Research Team highlights renewed geopolitical tension around Iran as Washington prepares tougher sanctions that could hit Oil flows from the Gulf.
WTI Oil flirts with the $85.00 level as markets await economic D-Day sanctions on Iran
Crude prices are trimming some of last week’s gains on Monday. The US benchmark West Texas Intermediate Oil is changing hands at $85.35, with investors awaiting details of a new package of US sanctions against Iran that might extend to Russia or China.
WTI slips below $85.00 as traders take profits before new US sanctions on Iran
West Texas Intermediate (WTI) oil price depreciates after two days of gains, trading around $84.80 per barrel during the Asian hours on Monday. Crude oil prices decline as investors took profits ahead of an expected US announcement regarding stricter sanctions against Iran.