Markets were whipsawed today by a dramatic but ultimately false headline—and the reaction says everything about current risk conditions. Reports that Iranian missiles had struck a US Navy vessel near the Strait of Hormuz sent oil surging and triggered an immediate rush into the Dollar as a panic hedge. The logic was straightforward. A confirmed
US-Iran news: Yen-tervention action: Other headlines: Markets: WTI crude up 2.3% to $104.30, Brent crude up 2.9% to $111.35 S&P 500 futures down 0.2%, briefly fell by as much as 0.6% before US denies Iranian attack US dollar higher across the board, USD/JPY bounces back after suspected intervention US 10-year yields up 2.4 bps to
The euro area factory activity expanded at its strongest pace in nearly four years in April as manufacturers front-loaded their orders due to fears of the war-induced price increases and supply shock, final data from S&P Global showed Monday. The manufacturing Purchasing Managers’ Index rose to a 47-month high of 52.2 in April, in line
2026.05.04 2026.05.04 Aussie Builds Momentum Ahead of RBA Rate Decision. Forecast as of 04.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Reserve Bank of Australia intends to raise its key interest rate for the third consecutive time. However, the AUD/USD pair’s trajectory will depend on its rhetoric. Will the cycle of monetary tightening continue, or should we expect a
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Manufacturing PMI 51.7 vs 49.5 expected Prior 48.7 That’s a surprising jump but the details show that it is mostly on the back of a notable push up in new orders and output as clients look to secure stock. Of note, HCOB points out that “growth in new work however in part reflected client stock
Dutch manufacturing activity expanded at a faster pace as customers’ front-loaded orders amid uncertainty caused by the Middle East war, survey data from S&P Global showed Monday. The Nevi manufacturing Purchasing Managers’ Index rose to 54.4 in April from 52.0 in March. The score hit the highest seen since July 2022. Subscribe to continue reading
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Dollar is starting the week on a soft footing, and even a strong US non-farm payroll report this week may not be enough to reverse that trend. Markets are increasingly positioned around a counterintuitive dynamic where solid economic data supports risk appetite rather than the greenback, limiting the traditional upside response. Last week’s weakness in
This ties back to the earlier headlines that the US is making some inroads to help guide ships out of the Strait of Hormuz. The UKMTO has confirmed that but reaffirms that security level in the Strait of Hormuz remains critical at this stage. That as ongoing regional military operations are still proceeding as per
Wall Street shrugs off oil shock United States (US) equity markets closed mixed on Friday, with the S&P 500 and the Nasdaq 100 hitting fresh record highs on the back of strong corporate earnings and artificial intelligence (AI) enthusiasm reaching fever pitch. Meanwhile, the Dow Jones finished modestly lower. For the week, the S&P 500 (+0.91%) and Nasdaq
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Japan likely spent up to $35bn intervening to support the yen, but Barclays warns depreciation pressure will persist over the medium term as Iran war energy costs weigh. Summary: The dollar had its largest weekly loss against the yen since February after Japan was reported to have intervened in foreign exchange markets, according to Reuters
President Trump announced on Sunday that the United States would begin coordinating the movement of commercial vessels out of the Strait of Hormuz, launching an initiative he called Project Freedom and describing it as a humanitarian gesture toward neutral countries whose ships have been stranded by the conflict between Washington and Tehran. Wall Street Journal
Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the Strait of Hormuz remains closed following the US-Israel attack on Iran in late February. Summary: Opec+ nations including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed to raise crude output by 188,000 bpd in June The
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