Markets
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Wheat Futures Return to Over 2-Year High
Wheat futures climbed to around $6.80 per bushel in late July, returning to their highest level since May 20, 2024,…
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Short Covering Lifts Cocoa Prices
September ICE NY cocoa (CCU26) on Tuesday closed up +87 (+1.58%), and September ICE London cocoa #7 (CAU26) closed up…
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Gasoline Prices Rise
US gasoline prices rose above $3.40 per gallon, a two-month high, amid growing concerns over tighter fuel supplies. The US…
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UK CPI set to show receding inflation in June as GBP/USD fails at May highs
The UK’s ONR Office publishes the June CPI data on Wednesday. The UK headline CPI is expected to ease toward…
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Yemen’s Houthis threaten Bab el-Mandeb closure, putting another trade chokepoint at risk
Yemen’s Houthis said that they have closed the Bab el-Mandeb Strait to Saudi-linked shipping in retaliation for the kingdom’s blockade…
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US President Donald Trump approves US-Saudi Arabia nuclear deal
US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment…
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United States Dollar Index weakens to near 101.00 despite mounting Middle East tensions
US Dollar Index softens to around 101.15 in Wednesday’s Asian session. Market expectations point to unchanged Fed policy next week, with…
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Gold rallies to over two-week high, eyes $4,150 as traders track US-Iran diplomacy efforts
Gold attracts strong follow-through buying amid hopes for US-Iran diplomacy. Rallying oil prices fuel inflation concerns and bolster bets for…
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Platinum Hits 1-Month Peak
Platinum futures climbed to around $1,670 an ounce, reaching a four-week high as renewed buying across precious metals and persistent…
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Asian Stocks Gain on Chip Rally
Asian equity markets mostly advanced on Wednesday, tracking gains on Wall Street as semiconductor stocks rallied on renewed optimism about…
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