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The Israeli strike on Iran's nuclear facilities has sent oil prices spiking and has offered the oversold and undervalued dollar a catalyst for a rebound. The energy price shock is generally disliked by the euro and gives the Federal Reserve an argument to stay cautious. We see more short-term downsi

This week saw the UK market undergo another body blow with the news that Alphawave, a Canadian chip and semiconductor maker, is being acquired by Qualcomm for the sum of $2.4bn. In 2021 Alphawave was one of many companies that listed on the LSE raising £856m at 410p a share. This sum amounted to 360

The One Big Beautiful Bill contains many worrying aspects that further increase the debt level, without a strong economic impulse. Beyond the headline tax cuts, it also contains some proposals for various taxes, such as Section 899, that look an awful lot like capital controls. Various members of th

Japanese Yen (JPY) is showing solid gains vs. the US Dollar (USD), up an impressive 0.5% with outperformance against most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes. Limited data risk ahead of June 17 BoJ meeting "Japan’s final Q1 GDP was released overnight, showing

USD/MXN trades below 19.20 after testing a new YTD low at 19.16.US ADP Employment and ISM Services PMI data missed forecasts.Mexico responds to increased tariffs on steel and aluminum imports to the US. The Mexican Peso (MXN) is trading near a fresh year-to-date high against the US Dollar (USD) on W

Central banks continued to buy gold in April, but at a slower pace given that prices are near record highs. Metals – Central bank Gold buying slows in April Central banks added a net 12 tonnes of gold to global gold reserves in April, 12% lower than the previous month and below the 12-month average

Gold is extending gains above $3360 after bouncing from the $3,355 support level.The U.S. dollar remains capped below 99.129, limiting any meaningful recovery, benefiting Gold.As long as Gold holds above $3355, the path toward $3400 and $3500 remains open. Gold is extending gains this Tuesday, tradi

With a new month underway, the US Dollar (USD) finds itself on the defensive again, supporting the idea that some of its late May gains could have been related to month-end demand. But the start of June also brings another round of broader weakness in US assets; the USD is lower alongside softer equ

This is one of those moments where Gold markets are offering a gift, TDS' Senior Commodity Strategist Daniel Ghali notes. Gold is 'overbought but underowned' in market perception "Aggregate open interest in CME Gold is now approaching extreme lows (425k) that have historically marked lows in Gold pr

The US Dollar keeps moving within a tight range above 1.3800 ahead of the US PCE Inflation release.Trade uncertainty and growing concerns about US debt are limiting the US Dollar's rallies.In Canada, GDP data is expected to show that the economy lost steam in the first quarter. The US Dollar is clin

WTI price drifts lower to near $60.75 in Friday’s early Asian session. Oil inventories rose by 1.328 million barrels in the week ended May 16, according to the EIA. The US and Iran will hold fresh nuclear talks on Friday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $