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Argaam

‎Methanex cuts July methanol prices for Asian buyers

Methanex, the world's largest methanol producer, announced a price cut for July deliveries to Asian buyers, marking a significant shift in the global methanol market. The company reduced prices by $45 per tonne compared...

ActionForex

Oil Finds No Silver Lining

Oil prices have plummeted nearly 40% from their March highs, returning to pre-Middle East conflict levels faster than anticipated. The decline is attributed not only to increased production from the Persian Gulf but also...

ActionForex

Canada GDP Rebounds by 0.5% mom in April, May Growth Continues

Canada's real GDP grew by 0.5% month-over-month (mom) in April, outperforming the expected 0.4% and reversing March's 0.1% contraction. The rebound was broad-based, with 14 of 20 industrial sectors contributing to growth...

InvestingLive

The USD is higher vs the EUR, JPY and the GBP to kickstart the trading day.USDJPY breaking

The USD gained strength against the EUR, JPY, and GBP, with USD/JPY breaking through a 40-year high of 161.95-97 to reach 162.42. The pair showed strong momentum in the Asia-Pacific session before consolidating above key...

ActionForex

GBP/USD Daily Outlook

GBP/USD remains in consolidation near 1.3139 with a neutral intraday bias. The pair faces resistance at 1.3300 (former support) and could target 1.2948 if it breaks below 1.3139. This movement is part of a corrective pha...

FXStreet

Gold steadies after sliding to fresh seven-month low, Fed rate-hike bets weigh

Gold prices rebounded after hitting a seven-month low of $3,941 during the Asian session, driven by dip buyers who stepped in to support the precious metal. As of the latest update, XAU/USD trades around $4,028, showing...

ActionForex

GBP/JPY Daily Outlook

The GBP/JPY pair is currently showing a neutral intraday bias, with key technical levels under observation. If the price falls below 212.36, it may confirm the completion of a corrective rebound from 210.43, potentially...

ActionForex

Gold: Heading for $3,600?

The recent rise in the US dollar has pressured gold prices, driven by easing concerns over the Federal Reserve's independence and expectations of sustained high interest rates. Investors are showing renewed confidence in...

Investing.com

Bank of England warns on cyber risks from autonomous AI agents

The Bank of England has issued a warning about the potential cyber risks posed by autonomous AI agents, emphasizing the need for robust safeguards to prevent unintended consequences in financial systems. The central bank...

CoinDesk

Bitcoin nears 2024 lows as options traders pay up for downside protection

Bitcoin and Ethereum have fallen toward critical support levels, with DeFi tokens experiencing the steepest declines despite some exceptions like XLM and LIT. The broader crypto market is under pressure as investors incr...

FXStreet

Danish Krone: Nationalbanken tolerance for weaker krone – Nordea

Nordea strategists have noted that the EUR/DKK pair is trading at its weakest level since the Euro's introduction, suggesting that the Nationalbanken (Danish National Bank) may have subtly adjusted its de facto intervent...

ActionForex

Is Bitcoin Set to Move Lower?

The cryptocurrency market remains relatively stable with a total capitalization of $2.06 trillion, though individual assets show mixed performance. Bitcoin has been trading within a defined range, while altcoins like Ste...

FXStreet

Brazilian Real: Rising rates signal currency risk – Commerzbank

Commerzbank FX analyst Michael Pfister highlights a paradox in Brazilian monetary policy: while higher interest rates typically attract foreign capital, current market dynamics suggest elevated rate expectations could we...

FXStreet

Oil: Upside risks linger as recovery questioned – ING

ING strategists Michiel Tukker and Benjamin Schroeder highlight that oil prices have rebounded to pre-war levels, but caution that the market may be overestimating the pace and sustainability of the supply recovery. They...

FXStreet

British Pound: Sterling seen grinding lower against Euro – Rabobank

Rabobank's Senior FX Strategist Jane Foley has highlighted concerns about the British Pound (GBP) weakening against the Euro (EUR) amid UK political uncertainties. The analysis focuses on potential leadership changes und...

FXStreet

BoJ’s Sato: De-escalation of Middle East conflict is welcome move, uncertainty remains

Bank of Japan (BoJ) board member Ayano Sato stated in a press conference on Tuesday that the de-escalation of the Middle East conflict is a positive development for the global economy, though significant uncertainties re...

ActionForex

Gold Declines: Fed Policy and Geopolitics Weigh

Gold prices fell below $4,000 per troy ounce on Tuesday, marking their lowest level in nearly eight months. This decline follows expectations of continued Federal Reserve rate hikes and ongoing geopolitical tensions in t...

ActionForex

Forget the Level. Watch the Timing: Intervention Risks Rise as USD/JPY Hits 40-Year High

USD/JPY has surged to a 40-year high, shifting market focus from price levels to the timing of potential Japanese intervention. Traders previously debated intervention thresholds at 160, 162, and beyond, but Tokyo’s repe...

FXStreet

ECB’s Lane: Oil prices for 2027 and 2028 still seen above pre-war levels

The European Central Bank (ECB) Chief Economist Philip Lane stated on Tuesday that oil prices are expected to remain elevated beyond pre-war levels through 2027 and 2028, citing ongoing market shifts since the last polic...

ActionForex

Swiss KOF Barometer Climbs Above Long-Term Average as Economic Outlook Improves

Switzerland's economic outlook improved in June as the KOF Economic Barometer rose to 101.2, surpassing the long-term average of 100 and exceeding forecasts of 99.4. The index, which had been below trend for several mont...