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WTI extends winning streak on US-China trade truce

West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
New
update2025.05.13 19:53

US Dollar unable to hold on to momentum ahead of US CPI

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, corrects to near 101.50 in the European trading session on Tuesday.
New
update2025.05.13 19:43

Strong inflows into Chinese Gold ETFs in April - Commerzbank

The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.05.13 19:42

USD/CNH can continue to weaken - UOB Group

US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.05.13 19:39

Silver, Platinum and Palladium also decline - Commerzbank

Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.05.13 19:30

USD/JPY: Likely to trade in a 146.50/148.60 range - UOB Group

US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.05.13 19:25

Pound Sterling comes under pressure as UK labor market cools down

The Pound Sterling (GBP) trades with caution against its peers on Tuesday after the release of the United Kingdom (UK) labor market data for the three months ending March.
New
update2025.05.13 19:22

Gold price under pressure after announcement of tariff suspension - Commerzbank

The price of Gold fell by up to 3.5%, or more than $100, to just over $3,200 per troy ounce following the news of the temporary lifting of most of the reciprocal tariffs between the US and China, Commerzbank's commodity analyst Carsten Fritsch notes.
New
update2025.05.13 19:13

USD/JPY holds gains as BOJ stays cautious on rate path - BBH

USD/JPY consolidates near recent highs as the BoJ's cautious tone and low market-implied hike expectations contrast with ongoing dollar strength, BBH FX analysts report.
New
update2025.05.13 19:08

NZD/USD is on the downside - UOB Group

The risk for New Zealand Dollar (NZD) is on the downside vs US Dollar (USD), but any decline is likely part of a lower range of 0.5835/0.5900.
New
update2025.05.13 19:04

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