Commodities

From TACO to NACHO: The trade putting inflation back on the menu

NACHO, short for “Not A Chance Hormuz Opens,” reflects a market view that tensions in the Middle East are unlikely to ease anytime soon. Earlier this week, U.S. President Donald Trump again rejected Iran’s latest peace proposal, pushing oil futures...

How JPY Crosses held up after Intervention?

Thursday saw a dramatic move as Japan stepped in to defend the yen, intervening after the USDJPY surged to a session high of 160.725....

Kevin Warsh’s Vision for the Fed

Trump’s Fed nominee, Kevin Warsh, is set to replace Jerome Powell if confirmed by the Senate. This can matter massively for the US dollar and gold....

What is HSBC’s latest view on the USD & Gold?

They said there may be some temptation to revise forecasts in favour of USD strength (due to its safe haven appeal). But, they stopped short of changing their view, pointing to the Federal Reserve as the key reason for restraint....

Keir Starmer is “fed up”

British Prime Minister Keir Starmer said he is “fed up” with seeing UK energy bills constantly rise and fall....

Has the RBNZ failed to guard against renewed inflation risk?

Following the RBNZ’s decision to leave the cash rate unchanged at 2.25%, Governor Anna Breman said that earlier rate cuts are still flowing through the economy and providing stimulus....

RBNZ hold expected as oil complicates inflation outlook

Most market commentators expect the RBNZ to leave the official cash rate unchanged at 2.25% in today’s review....

Time to rethink yen intervention?

It has been two years since Tokyo last intervened in currency markets. Is it time to let our guard down and look for positions above 160? To prevent further depreciation of the yen below the 160 mark, Japanese officials have...

100K oil barrels vanishing every 10 minutes

Nearly all market moves are being driven by the war with Iran at this point. Aluminium moved close to price levels not seen since 2022 after Iranian attacks on two Middle Eastern producers....
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