Nvidia CEO Jensen Huang said the company has secured supply for robust AI growth but remains supply constrained, speaking at Computex in Taipei where he reaffirmed a $150bn annual Taiwan investment. Summary: Source: Nvidia CEO Jensen Huang, Computex press conference, Taipei Huang said Nvidia has secured supply for robust growth across CPUs and GPUs but
Gold is trapped between two competing narratives, and neither side is winning decisively. Last week, the precious metal rebounded after successfully defending a major support cluster around 4,400, only to see the recovery stall below 4,600 resistance. This week, Gold has weakened again as Dollar and oil prices recovered and investors partially unwound the peace
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
South Korea’s annual inflation rate accelerated to 3.1% in May 2026 from 2.6% in April, slightly above market expectations of 3.0%. This marked the highest rate since March 2024 and underscored the mounting impact of higher oil prices linked to the Middle East conflict. Food prices rose 1.6%, up sharply from 0.3% in April, their
Industry calls for Hong Kong T+1 delay amid congestion fears – FX Markets Skip to main content End of drawer navigation content Q4 2027 alignment with Europe and UK transition raises operational risk concerns Banks are calling for a delay to the Hong Kong Exchange’s planned 2027 transition to next-day (T+1) settlement for equity products,
The monetary base in Japan was down 12.2 percent on year in May, the Bank of Japan said on Tuesday – coming in at 575.763 trillion yen.That missed expectations for a decline of 9.5 percent following the 11.3 percent drop in April.Banknotes in circulation fell an annual 1.7 percent, while coins in circulation dropped 1.1
Commerzbank (note from Friday) raised its Brent forecast to $90/bbl by end-September and $85 by year-end, up from $80 for both, citing Hormuz closure, inventory draws and a slow Gulf output recovery. Summary: Brent forecast raised to $90/bbl by end-September and $85 by year-end, up from a prior $80 for both periods, on the assumption
Trump said he brokered a halt to Israel-Hezbollah fire and expects an Iran deal to reopen the Strait of Hormuz within a week, though markets remain deeply sceptical of his conflict timeline. Summary: Source: Donald Trump via Truth Social and ABC News Trump said he called Netanyahu and asked him not to proceed with a
The Ibovespa fell 0.9% on Monday, closing at 172,197 points, as renewed tensions in the Middle East undermined risk appetite and reignited concerns over inflation and interest rates. Although US President Donald Trump stated that Israel and Hezbollah had agreed to halt mutual attacks in Lebanon and that talks with Iran were ongoing, fresh outbreaks
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For the last 12 days, the EURUSD has been trapped in a relatively tight range between 1.1576 and 1.1669. While buyers managed to push the pair above the topside boundary on Friday, reaching 1.1685, the breakout quickly failed. The price reversed lower into the close and finished back below the 1.1669 resistance level, reinforcing the
Pres. Trump on NBC is saying: He has not heard from Iran on reports there suspending talks. I think we’ve been talking too much. If you want to know the truth, I think going silent would be very good I couldn’t agree more. Meanwhile, it is reported that Trump is speaking with Israel PM Netanyahu
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A report released by the Commerce Department on Monday showed construction spending in the U.S. increased from a downwardly revised level in the month of April.The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.172 trillion in April after rising by 0.2 percent to a revised rate of $2.164
Just as investors were becoming comfortable with the idea of a US-Iran agreement, oil markets received a sharp reminder of how fragile that assumption remains. Reports from Iran’s state-affiliated Tasnim news agency indicated that Tehran will suspend negotiations with Washington until Israeli operations in Gaza and Lebanon cease. The report also warned that Iran could
The USD has moved higher on the back of headlines that Iran will stop exchanging messages with US in protest against “Zionist crimes” largely in Lebanon. The price of oil has moved higher and moved toward the 200 hour MA at $93.76. Getting above that MA would be the first break since May 21 and
Turkey’s economic growth moderated further in the first quarter of 2026, official data revealed Monday.Gross domestic product posted an annual growth of 2.5 percent after rising 3.4 percent in the fourth quarter, the Turkish Statistical Institute said. The expected expansion was 2.7 percent.The expenditure breakdown showed that the yearly growth of household final consumption eased
