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Oil’s staging a modest rebound this morning as the tape grabs onto signs of a potential U.S.-China tariff thaw. WTI is back near $62.86, up close to 1%, while Brent is holding above $66.50 — nothing dramatic, but enough to unwind some of Wednesday’s trade war tariff-induced flush. The driver? Washin

The Chinese Commerce Ministry said on Thursday that “there have not been economic and trade negotiations between China and the US.” Further quotesThere have not been economic and trade negotiations between China and the US.Any content about China-US economic and trade negotiations is 'groundless and

USD: Jun '25 is Up at 98.960. Energies: Jun '25 Crude is Up at 64.21. Financials: The Jun '25 30 Year T-Bond is Higher by over 50 ticks and trading at 115.08. Indices: The Jun '25 S&P 500 emini ES contract is 532 ticks Higher and trading at 5447.00. Gold: The Jun'25 Gold contract is trading Down

After a tumultuous Monday, volatility is turning lower this morning. European stocks are in the red, but losses are mild so far, and US equity market futures are pointing to a higher open later today. The gold price reached a record early on Tuesday, but has also pulled back, and upwards pressure on

China's economy beat forecasts across the board in the first quarter, as policy support boosts GDP and domestic demand. But tariff headwinds will likely necessitate more monetary and fiscal easing. We expect China to take additional measures to meet this year’s “around 5%” growth target China's firs

Although sentiment across the European assets was strong yesterday – on the tariff relief, remember? – things started looking less optimistic toward the end of the session and the futures are in the negative this morning on the back of a few not-so-optimistic news on the trade front. First, the US a

The Indian Rupee gathers strength in Wednesday’s Asian session. The softer US Dollar and lower crude oil prices continue to underpin the INR. The US March Retail Sales report and speech by Fed Chair Powell will be the highlights later on Wednesday. The Indian Rupee (INR) trades in positive territory

GBP/USD scales higher for the sixth successive day and the prevalent USD selling bias. The US-China trade war weakens confidence in the US economy and weighs on the USD. The divergent Fed-BoE policy expectations also support the pair ahead of UK jobs data. The GBP/USD pair attracts buyers for the si

Markets The US dollar was last week’s latest victim of Trump’s improvised trade strategy. EUR/USD closed the week at 1.1355, up from 1.0882 at the start of the week and taking out the 1.1214/74/76 resistance zone in the process. From a technical point of view, we target full retracement to the 2023-

NZD/USD trades near the 0.5700 area after posting solid gains ahead of the Asian sessionShorter-term moving averages point to a bullish bias despite mixed indicator signalsSupport sits in the mid-0.5700 while resistance emerges closer to the 0.5800 zone The NZD/USD pair extended its upside momentum

The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, surging over 6% on the day and returning to the 40,000 handle after the Trump administration announced yet another pivot on its own tariff policies. According to United States (US) President Donald Trump, all "non-retaliating" countri