​​​Macro Update ​Oil surge: Brent climbed to around $106 and WTI to $96, posting weekly gains of 17.1% and 15.1% respectively, marking the second-largest increase since the conflict began. ​Hormuz disruption: Iran’s actions in the Strait of Hormuz and continued shipping constraints are threatening roughly 20% of global oil and LNG supply, maintaining a significant risk premium in prices. […]

Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He

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French household sentiment worsened significantly in April with this being the lowest reading since May 2023. Of note, households’ opinion regarding their personal financial situation, both past and future, has clearly deteriorated. The index on the future financial situation fell to -20, marking its lowest estimate since March 2023. Inflation worries are evidently the biggest

Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an

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However, looking under the hood reveals some underlying issues. Much of this surging activity is actually being driven by front-loaded pre-orders, as businesses desperately stockpile goods due to fears of war-led supply chain shortages. This notably propelled Manufacturing way above Services. While this recent strength in global data is a welcome sign—especially as it accompanies

Markets: Gold down $47 to $4690 US 10-year yields up 3.1 bps to 4.325% S&P 500 down 30 points, or 0.4% USD leads, NZD lags WTI crude oil up $4.00 to $96.96 In terms of the war, no one really knows what is going on. Trump keeps saying he’s waiting for a response from Iran

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I’m not sure if this is reflective of Trump doing his usual raging at the media or a sign that he’s increasingly hawkish. The market hasn’t taken it badly. For those people, fewer in number now than ever before, that are reading The Failing New York Times, or watching Fake News CNN, that think that