Macro update Asian equities reverse from highs: Shares in Japan, South Korea and Taiwan initially reached fresh highs before turning lower, with MSCI Asia-Pacific ex-Japan down 0.5% and the Nikkei falling 0.9% as risk sentiment weakened. Oil-driven pullback: Brent crude rose around to $100 per barrel, extending gains as renewed disruption in the Strait of
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The record equity rally is probably starting to lose momentum as oil prices push higher again and the US–Iran conflict expands beyond the Strait of Hormuz. Caution is already evident in Asia. After record closes in the S&P 500 and NASDAQ overnight, both Nikkei and KOSPI briefly hit new highs before reversing into negative territory.
Key takeaways False alarm-driven spike fades quickly: WTI crude surged 5% on unverified reports of an attack in Tehran but retraced most gains after confirmation it was a drill, highlighting headline-driven volatility amid a fragile US–Iran ceasefire. Market signals point to limited upside: Declining implied volatility and reduced backwardation suggest easing supply stress and cap
Summary Unverified social media rumours of a fresh Iran attack caused a brief spike in oil and dip in stocks, both of which quickly reversed when the reports were not confirmed USD edged higher with Middle East newsflow quiet Asia-Pacific equities finished mostly lower despite Wall Street having closed positively South Korea Q1 GDP came
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Technical analysis: golden cross formation in focus Apple’s share price corrected as much as 15% from its December 2025 peak during the period of market turbulence in March. The stock has since recovered approximately 11%, though it has yet to reclaim its all-time high even as the broader Nasdaq 100 index has set a new
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Injects 500mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com. Source link
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South Korea’s gross domestic product was up a seasonally adjusted 1.7 percent on quarter in the first quarter of 2026, the Bank of Korea said in Thursday’s preliminary reading. That beat forecasts for an increase of 0.9 percent following the 0.2 percent contraction in the previous three months. Subscribe to continue reading the article. This
Australia S&P Global PMI composite (April 2026 preliminary): 50.1 (prior 46.6) Manufacturing PMI: 51.0 (prior 49.8) Services PMI: 50.3 (prior 46.3) New orders fall again, highlighting weak domestic demand Cost inflation hits highest since Aug 2022 on fuel, freight surge Australia’s private sector returned to growth at the start of the second quarter, though the
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US forces intercepted multiple Iranian oil tankers in Asian waters, expanding blockade enforcement beyond Hormuz. At least 29 vessels have been redirected, while Iran seized two ships, highlighting ongoing supply disruption. investingLive Exclusive 9m ago Source link
Bitcoin reaches $79,000 in daily trading and tests a breakout of its main October descending channel Profiting from the rebound and new inflows in tech, exploring if Crypto has enough momentum to keep bouncing Exploring a Technical Analysis and trading levels for Bitcoin and Ethereum Only 13 days since our last Crypto in-depth analysis, Bitcoin
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This is a bit of a bizarre saga. Yesterday, Trump reposted a bit about 8 Iranian women who he said were scheduled to be hanged and he asked to release them. To the Iranian leaders, who will soon be in negotiations with my representatives: I would greatly appreciate the release of these women. I am
Christian Norman Financial Writer Christian Norman is a Financial Writer for OANDA, offering market commentary on both a technical and fundamental basis. With years of experience as a trader, his passion for market technicals helps guide his analysis across a broad range of asset classes and instruments. Christian Norman is a Financial Writer for OANDA,
