Kimberley

Oil prices declined after reports emerged that OPEC+ is considering a major output increase in June, while Kazakhstan resists further production cuts to compensate for earlier overproduction. The internal discord threatens to undermine price stability, especially amid global economic uncertainty, Da

The Japanese Yen (JPY) is the biggest winner in this latest round of USD selling, as it responds to both the equity slump and the risks of the Fed’s independence. USD/JPY has dropped below the 140.0 mark and given the broad attractiveness of the yen as a safe-haven substitute, we don’t see the condi

GBP/USD rises as the US Dollar comes under pressure amid growing worries over the economic fallout from US tariffs.Federal Reserve Chair Jerome Powell warned that a sluggish economy paired with persistent inflation could elevate the risk of stagflation.UK Chancellor of the Exchequer Rachel Reeves is

This morning, the PBoC raised its USD/CNY exchange rate fixing again, paving the way for a slightly weaker CNY, Commerzbank's FX analyst Volkmar Baur notes. PBoC allows mild CNY weakness despite strong GDP "The fixing, around which the USD/CNY exchange rate is then allowed to fluctuate within a 2% b

S2N spotlight Today’s letter is a bit technical, but I believe it’s worth the effort. I was sitting in my office staring at a blank letter template when my son, who lives in Israel, walked in and said, “Let me check your setup.” I walked him through my process and said, for the first time in 275 let

US stocks drifted lower Tuesday as traders took a breather and turned their eyes toward the next act in this global trade theatre — and make no mistake, it’s a big one. We’re entering what could be the most critical phase yet: the start of actual negotiations with both allies and adversaries. This i

A break above 1.1275 could trigger further rally; the levels to monitor are 1.1350 and 1.1400. In the longer run, Euro (EUR) is likely to rally further; the levels to monitor are 1.1400 and 1.1450, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Levels to monitor are 1.1400 and 1.1450 24

Oil prices were in a free fall until yesterday after reaching levels not seen since the pandemic. The threat posed by Trump’s tariffs on oil’s demand outlook was substantial, while we have to note that also the supply side tends to imply a loosening of the international oil market. Today besides the

Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia's budget deficit, a Goldman Sachs economist warned. The bank's outlook spotlighted the pressure on the kingdom to make changes to its mammoth spending plans and fiscal

Trend Watch: Forex US Stock Futures Tumble as S&P 500 Dips Below 5,000 Amid Escalating Trade War U.S. stock index futures fell sharply on Tuesday night following a steep sell-off on Wall Street, with the S&P 500 closing below the key 5,000 level for the first time in nearly a year. The decli

At a start of a new trading week stocks have seen a new drop after the Trump administration reaffirmed that it will stick to its planned tariffs, fueling fears of deeper global economic fallout. And it seems that markets are beginning to price in the potential for a recession, with risk sentiment ta