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Metals

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Markets

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Markets

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Geo-Political

Iran’s Foreign Minister: Passage for all commercial vessels through Hormuz is completely open
Abbas Araghchi, the foreign minister of Iran, announced on Friday that in line with the ceasefire in Lebanon, the passage…
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Banks

USD/CAD: Modest downside as Fed cuts loom – ING
ING keeps a mildly bearish profile for USD/CAD into year‑end, driven mainly by expected Dollar weakness once the Federal Reserve resumes cutting in 3Q.…
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Metals

XAU/USD hovers below $4,850 with US-Iran peace talks in focus
Gold keeps hovering near recent highs, with resistance in the $4,850 area capping bulls. Investors’ optimism about the outcome of…
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Banks

USD/INR: RBI curbs refiners’ Dollar demand – BNY
BNY’s Bob Savage notes that the Reserve Bank of India (RBI) has told state-run Oil refiners to cut spot US…
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Banks

Fed: Cuts questioned as inflation risks build – Nordea
Nordea analysts Ole Håkon Eek-Nielsen and Jan von Gerich argue that higher energy and commodity prices, together with tight labour…
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Banks

EUR/USD: Recovery prospects face central bank pushback – DBS
DBS Group Research’s Philip Wee notes that EUR/USD’s recent advance stalled after repeated failures to break 1.18, as the European…
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