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WTI price tumbles to around $61.20 in Friday’s early Asian session. Trump said the US was getting close to securing a nuclear deal with Iran.Oil inventories climbed by 3.454 million barrels in the week ended May 9, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is t

Summary A flat reading for industrial production glosses over a decline in manufacturing output which essentially erases the prior month's gain. Aside from a pop in February, there is little evidence that the supplies rushed in ahead of the tariffs are being put to immediate use. Manufacturers need

Overview: There has been little follow-through dollar buying today after its recovery in North America yesterday. The greenback is softer against most of the G10 currencies. The Antipodeans are lagging alongside the Norwegian krone, perhaps weighed down by the sharp drop in oil prices following Pres

GBP/USD reversed early gains to fall another 0.34% on Thursday.The BoE delivered a broadly expected quarter-point rate cut.Support for the Pound Sterling evaporated as global markets pivot toward trade headlines. GBP/USD kicked off Thursday with an early spat of gains, fueled by the Bank of England

The pressure on gold intensified again at the end of the week. For the last several months, we have observed that consolidation in the first half of the week often follows a strong move in its second half. The beginning of April was for the bulls, while the last couple of weeks were driven by the be

US adds 177K jobs in April, beating forecasts but trailing March’s revised print of 185K.Trump pressures Fed to cut rates, though data may delay policy shift until July.UK manufacturing PMI contracts again; BoE seen cutting rates by 25 bps next week. The Pound Sterling advanced for the first time in