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EU mid-market update: Big Four central bank governors to speak on Sintra panel at US market open; Trump-Musk feud reignites; US said to narrow trade strategy; OBBB vote-o-rama continues. Notes/observations - EU indices and US futures are marginally tipped into the red, ahead of US tax bill vote, tra

The price of a barrel of WTI fell to $64 at the start of trading on Tuesday, while Brent fell to $66.7 at its lowest point at the start of active trading in Europe. Retreating to levels seen before the latest conflict, the price recouped the ‘war premium’. This was how the markets reacted to Iran’s

A Hawkish Turncoat is Now the Risk-On Trade’s Best Friend. The Middle East may still be smouldering, but as far as markets are concerned, the fire alarm has been shut off. Oil prices, once torchbearers of geopolitical panic, are now the poster child for mean reversion. Brent has collapsed more than

TradeGateHub Live Trading: The EUR/USD decline continues, with Coach projecting a further drop toward 1.13 and potentially 1.11. During the session, he reviews his current long Dollar positions, highlighting key technical levels to watch. He also analyzes the SPX “beach ball” recovery, noting its re

EUR/GBP strengthens to around 0.8570 in Monday’s early European session.Weaker-than-expected UK Retail Sales continue to undermine the Pound Sterling and create a tailwind for the cross. The ECB signaled a pause in rate cuts despite low inflation. The EUR/GBP cross trades in positive territory near

We expect the Central Bank of Turkey to leave rates unchanged today at 46% in line with market expectations, ING's FX analyst Frantisek Taborsky notes. USD/TRY to move to 41.27 at the end of September "The CBT has started easing liquidity conditions to normalise the average funding cost around the o

Energy markets continue to monitor escalating Israel-Iran conflict, focusing on any signs that Iran may seek to disrupt crude flows across the Strait of Hormuz. Energy – Oil near five-month high The oil market remains on edge with the conflict between Israel and Iran entering its sixth day. Prices h

As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a si

Australian Dollar (AUD) could retest the 0.6550 level against US Dollar (USD) before a more sustained and deeper pullback is likely. In the longer run, AUD appears to have moved into a range-trading phase between 0.6430 and 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. AUD appe