The EURUSD pair consolidates below the 1.1650 level as US-Iran war and oil prices continue to drive the price action. What’s next? The US dollar weakened across the board on Monday after Trump told CBS that “the war could be over soon.” Traders unwound some of their positions as expectations of a quick resolution led

MUFG’s Head of Research Derek Halpenny highlights that the Pound is currently the third best performing G10 currency since the conflict began, supported by a sharp 35 bps jump in UK 2-year yields and reduced BoE rate-cut pricing. He contrasts this with 2022’s Russia-related energy shock and warns that higher energy and food prices could

Donald Trump has a formidable competitor. A tweet by US Energy Secretary Chris Wright about the US military escorting oil tankers through the Strait of Hormuz caused a real stir in the markets, as did its subsequent deletion. Previously, only the White House could claim such influence over investors. However, when nerves are stretched tight,

Gold steadied on Wednesday, as higher oil prices reignited inflation ​worries and tempered hopes of ​rate cuts, while ​safe-haven demand amid the ongoing U.S.-Israeli war on Iran limited losses. Spot goldwas down 0.1% at $5,186.02 per ounce. U.S. gold futuresfor April ⁠delivery ‌fell 0.9% to $5,194.10. “After yesterday’s fall, oil is rebounding today, ⁠confirming that