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WTI Crude Extends Losses, Closes Below 200-Day EMA
WTI crude oil continued its decline on Tuesday, falling below the 200-day exponential moving average for the first time since February as geopolitical risk premiums diminish.
Brent Breaks Below 200-Day Moving Average – SocGen
Societe Generale notes Brent crude has broken below its 200-day moving average near $78.4, with prices now 38% off their peak yet still 10% above pre-war levels.
ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation
European Central Bank policymaker Gediminas Šimkus stated that additional rate hikes are likely needed to contain inflation risks.
Deutsche Bank: Fed Under Warsh to Hold Rates, Hawkish Tone
Deutsche Bank economists predict the Federal Reserve will keep interest rates unchanged at the first meeting under Chair Kevin Warsh but adopt a more hawkish stance.
Brent Oil Extends Decline on US-Iran Peace Framework Reports
Deutsche Bank reports that Brent oil prices have continued to fall as markets react to news of a proposed US-Iran peace framework, including export waivers and a potential reopening of the Strait of Hormuz.
World Bank Sees Global Growth Slowing to 2.5% in 2026
The World Bank projects global economic growth will slow to 2.5% in 2026, the weakest pace since the COVID-19 pandemic, according to its latest Global Economic Prospects report.
FOMC Preview: Kevin Warsh Takes Helm, Rates Expected Unchanged
The Federal Reserve is set to announce its latest policy decision with a 99.4% probability of holding rates at 3.5–3.75%. Kevin Warsh assumes leadership, making communication as critical as the dot plot.
Iran Fires Drones at Commercial Ships in Strait of Hormuz After US Deal
Iran reportedly launched multiple drones at merchant ships in the Strait of Hormuz shortly after reaching a memorandum of understanding with the United States over the weekend.
Rabobank: Central Bank Gold Demand Rises on De-Dollarization
Rabobank's research team notes growing central bank demand for gold amid rising global insecurity and de-dollarization trends.
JD Vance: Trump Holds All the Cards After Iran Nuclear Strike
Vice President JD Vance declared that the US accomplished its goals in Iran and that President Trump now holds all leverage, with Iran's economic relief hinging on compliance.
China Regulator Vows Stronger Oversight in New Sectors
China's financial regulator announced plans to enhance cooperation across new sectors, target systemic risks, and address exposures in real estate and local government debt while cracking down on illegal activities and disorderly competition.
Central Banks' Gold Buying Intentions Hit Record High
45% of central banks plan to buy gold over the next 12 months, the highest reading on record, according to the World Gold Council survey of 74 central banks.
WTI Crude Hovers Near $76 After 5% Drop
West Texas Intermediate crude oil trades around $75.80 per barrel during Asian hours, following a nearly 5% decline the previous day, as rising global supply prospects weigh on prices.
Wedbush Welcomes Modernization of Margin Rules for Active Traders
Wedbush welcomed regulatory changes eliminating the Pattern Day Trader rule and $25,000 minimum equity requirement, replaced by a real-time intraday margin framework for active traders.
Gold Holds Above $4,300 on US-Iran Peace Hopes, Fed in Focus
Gold price remains supported above $4,300 during Asian trading on Wednesday, recovering from yearly lows after reports of a US-Iran framework deal. Traders await the Fed rate decision for further direction.
Gold and Silver Face Resistance Despite Currency Crisis and Inflation Jitters
Gold and silver are not rallying in a straight line, even amid a currency crisis and rising inflation expectations linked to geopolitical tensions with Iran.
US Unemployment-CPI Gap Narrows to 0.1 Percentage Points, Smallest Since 2022
The difference between the US unemployment rate and headline CPI has shrunk to just 0.1 percentage points, the narrowest since 2022, as inflation rose to 4.2% in May while unemployment held at 4.3%.
JP Morgan Forecasts $1.2 Trillion Net Equity Issuance by 2027 Driven by AI
JP Morgan estimates net U.S. equity issuance could surge to ~$1.2 trillion in 2027, marking a historic reversal from two decades of net buybacks. The wave is fueled by mega IPOs from SpaceX, OpenAI, and Anthropic, plus large secondary offerings from Alphabet, Meta, and Oracle.
Trump Iran Deal Proposes $300B Fund, Oil Sales During Talks
A proposed US-Iran deal under Trump includes a $300 billion reconstruction fund for Iran, with oil sales permitted during a 60-day negotiation period. White House defends the pay-for-performance structure linked to Iran's compliance on nuclear and security issues.
Trump Signals Conditional Support for Ukraine at G7, Hints at Russian Oil Sanctions
At the G7, former President Trump signaled conditional backing for Ukraine, linking future aid to allied cooperation on the Iran nuclear deal and leaving open the possibility of reimposing sanctions on Russian oil exports.
Merz, Zelensky Inform Trump of Readiness for Peace Talks, Reject Donbas Surrender Demand
German Chancellor Merz and Ukrainian President Zelensky have informed US President Trump of their readiness for peace talks, but warn that Russia's demand for Ukraine to surrender the free part of Donbas remains unacceptable.
Iran Accuses Israel of 84 Ceasefire Violations, Warns of Forceful Response
Iran's Khatam al-Anbiya headquarters accuses Israel of 84 ceasefire violations in Lebanon over the past two days, despite Trump's war-end announcement, and warns that Iran will respond forcefully if violations continue.
Leaked VW Survey: Board Sees Existential Threat, Backs Radical Shift
A leaked internal Volkswagen survey reveals that six of nine board members view the company as existentially threatened, with all nine supporting a radical strategy overhaul and criticizing VW's performance in China and North America.
Cheniere CFO: Developing Countries Wary of US Energy Reliance, Welcomes Qatar LNG
Cheniere Energy CFO Zach Davis stated that developing countries may be hesitant to depend on the US for long-term energy security due to supply reliability and geopolitical risks. He also said the company would welcome a swift return of Qatari LNG exports to enhance global supply diversity and market stability.