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In focus today Today we receive the German Ifo index, and it will be interesting to see if it shows the same development as the PMIs yesterday. We particularly look out for the Ifo index as it has an expectations component in contrast to the PMI, which should give a better reflection of the trade wa

Gold price regains positive traction as fading US-China trade optimism revives safe-haven demand.The US economic worries and Fed rate cut bets undermine the USD, also benefiting the commodity.A positive risk tone might hold back the XAU/USD bulls from placing aggressive bets and cap gains. Gold pric

Last week, OPEC published a new compensation plan to offset the previous overproduction, Commerzbank's commodity analyst Carsten Fritsch notes. OPEC announces new compensation cuts through 2026 "According to the plan, production cuts totalling 4.57 million barrels per day are planned for the eight a

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If this week made anything clear, it’s that central banks are increasingly spectators in the face of a full-blown trade war. The Fed stuck to its “patience” script, the Bank of Canada officially hit pause after a year of cuts, flagging the same monster hiding under the bed: inflation creeping back i

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Summary While trade policy has dominated the world in recent weeks, Republicans in Congress are attempting to thread the needle on a budget reconciliation bill that would make sweeping changes to federal fiscal policy. Reconciliation details: This week, Congress came to an agreement on a budget reso