The Ibovespa fell more than 0.5% to slip below 171,000 points on Wednesday, as renewed tensions between the United States and Iran intensified global risk aversion. US President Trump declared that the memorandum of understanding with Iran to end the conflict was “over,” reigniting concerns about potential disruptions to global energy supplies. The resulting increase […]
Markets were driven by two competing sources of uncertainty today as Brent crude surged toward the $80 mark while investors awaited the release of the June FOMC minutes for the first real insight into Chair Kevin Warsh’s policy thinking. Dollar traded firmer alongside oil, while Kiwi outperformed following the Reserve Bank of New Zealand’s rate
Macro update Oil prices jump as Middle East tensions escalate: Brent crude rose more than 3% to $76.54 a barrel after renewed US airstrikes on Iran and the reimposition of sanctions on Iranian crude exports fuelled concerns that the fragile ceasefire could unravel, with global inventories already depleted following months of conflict. Semiconductor stocks retreat
The USD is higher vs the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. The move to a peace deal with Iran “is over” leading to a flight to safety moves. In the video above, I take a look at the technicals driving the 3 major currency pairs. What is the bias, the
Consumer price inflation in Luxembourg eased further in June to the lowest level in four months, data from the statistical office showed on Wednesday. The consumer price index rose 2.2 percent year-on-year in June, slightly slower than the 2.3 percent increase in May. Inflation based on food and non-alcoholic beverages eased to 1.3 percent from
2026.07.08 2026.07.08 Oil Price Surges as US-Iran Ceasefire Over. Forecast as of 08.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The escalation of the conflict in the Middle East has given Donald Trump an opportunity to declare that it’s all over. The deal is canceled, and everything is back to square one. Judging by the rally in Brent, that seems
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Fresh US airstrikes against Iranian targets finally gave oil bears a reason to blink. Brent crude rallied back above $76 after Washington retaliated for attacks on commercial shipping in the Strait of Hormuz, but the move was notable less for its direction than for its restraint. In another environment, military action involving one of the
FUNDAMENTAL OVERVIEW Gold continues to erase the NFP gains as traders await the US CPI report. Moreover, we got an escalation in the Middle East as the US launched a series of strikes on Iran in response to Iranian attacks on three vessels in the Strait of Hormuz. Iran retaliated by bombing US bases in
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The Reserve Bank of New Zealand raised its benchmark interest rate for the first time in more than three years to bring inflation to target and hinted at further tightening. The Monetary Policy Committee, governed by Anna Breman, decided to lift the Official Cash Rate by 25 basis points to 2.50 percent. This was the
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The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. The Reserve Bank of New Zealand delivered a widely anticipated 25 basis point increase in the Official Cash Rate to 2.50%, yet investors stopped short of pricing a more aggressive tightening cycle. Instead, the market came
New Zealand’s Monetary Policy Committee raised the Official Cash Rate by 25 basis points to 2.50% on Wednesday, judging it was time to start withdrawing stimulus even as effects from this year’s oil shock continue working through the economy. First rate hike in three years. The kiwi $ was marked higher (see chart attached). The
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. prior close 6.7942 more to come This article was written by Eamonn Sheridan at investinglive.com. Source link
Japan posted a current account surplus of $3.968 trillion yen in May, the Ministry of Finance said on Wednesday. That missed expectations for a surplus of 4.121 trillion yen and was up from 3.908 trillion yen in April. Exports were up 14.7 percent on year at 9.360 trillion yen and imports rose an annual 8.1
2026.07.07 2026.07.08 Weekly Economic Calendar for 13.07.2026–19.07.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Despite the Fed’s hawkish stance, disappointing US labor market data released earlier this month dampened market expectations regarding the extent of the Fed’s policy tightening. In June, the nonfarm payrolls report showed an increase of only 57,000 jobs, falling well short of the projected 110,000. This
