WTI Oil extends rally as Trump signals Chinese buying, Hormuz supply risks persist
West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day, and breaking…
Read More »EURUSD sellers are leaning aganst corrective resistance targets keeping sellers in control
The EURUSD is trading sharply lower after breaking below a major technical support cluster defined by the 200-day moving average and the 38.2% retracement of the rally from the February…
Read More »UAE set to accelerate new oil pipeline project to help bypass Strait of Hormuz
The pipeline is already under construction but the latest decision by the UAE is to accelerate said project in order to become operational in 2027. The Crown Prince of Abu…
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Read More »Trump and Xi had a good meeting, says White House official
The two sides discussed ways to enhance economic cooperation Also discussed expanding market access for US businesses into China and increasing Chinese investment Trump, Xi highlighted need to build on…
Read More »Heads up: It is a holiday in some parts of Europe but markets will still be open
This will be in observance of Ascension Day and with it being on a Thursday, we could see many people take a “bridge” holiday on Friday into the weekend as…
Read More »Germany wholesale prices push higher in April as Middle East conflict reverberates
Wholesale prices +2.0% m/m Prior +2.7% Wholesale prices +6.3% y/y Prior +4.1% It’s no surprise as we’re seeing this spread through to all parts of the economy, such as producer…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7946 – Reuters estimate
Earlier: Goldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year – The People’s Bank of China is due to set the daily USD/CNY reference rate at…
Read More »Economic and event calendar in Asia Wednesday, May 13, 2026
The item of note is the Reserve Bank of New Zealand’s quarterly Survey of Inflation Expectations. This is shaping up as a closely monitored test of whether the recent acceleration…
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