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MUFG’s Derek Halpenny notes that EUR/USD could benefit from US Dollar weakness and a still-hawkish European Central Bank. Derek Halpenny highlights that LNG prices remain elevated versus pre-conflict levels, keeping Eurozone inflation risks higher. MUFG sees the ECB remaining biased toward further rate hikes as it monitors energy price developments.LNG prices keep ECB on alert”The bias will favour further US dollar weakness following the payrolls report but EUR could also be supported by the rates curve maintaining pricing for another hikes as US yields fall back on easing Fed rate hike expectations.””Inflation risks may have subsided in Europe, but the…
“This shocking program was exploiting doctors and the trust inherent in their relationships with patients.”
Crude Oil finished Thursday at its lowest level in 18 weeks, which means the vast risk premium that built up around this year’s conflict has fully bled away, back to pre-war levels. The interesting part is not the round trip, which was always likely once the fighting stopped, but that WTI keeps grinding lower while a genuine flashpoint is live. The two sides are trading threats over a Strait of Hormuz toll, yet a barrel of Crude Oil that leans on that waterway trades as though the dispute barely registers.The premium round-trips to zeroThe spike that carried Crude Oil above…
“Cat growth is on fire,” one executive said.
For investors looking to hold physical gold and silver outside their home country, the choice of jurisdiction matters as much as the metal itself. Offshore storage is about more than convenience — it is a way to diversify the legal, political, and banking risks that come with holding all of your wealth in a single country. The right jurisdiction combines genuine security with a stable legal system and a tax framework that does not erode your holding. Singapore has become one of the world’s leading destinations for offshore precious metals storage. It pairs political stability, an AAA credit rating, and…
The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar (USD) edges lower against the Euro (EUR) on less hawkish remarks from Federal Reserve (Fed) Chairman Kevin Warsh. Traders will closely monitor the US jobs data for June later on Thursday.Fed’s Warsh, on Wednesday at the ECB Forum on Central Banking, declined to give any signal as to what the central bank may do at its July policy meeting but did note that inflation was too elevated. He emphasized commitment to central bank independence and a 2% inflation target.Warsh reiterated his preference…
SAVE plan notices are going out in July, and other repayment plans are being phased out or launched.
Commerzbank’s Antje Praefcke argues that the Dollar remains hard to beat as markets await a peace agreement and clarity on US politics and inflation. Strong US data and hawkish FOMC commentary are seen supporting the USD, but she doubts much further upside. EUR/USD could revisit 1.13, yet she finds further sustained Dollar gains toward 1.10 unlikely.Dollar strength capped by Fed doubts”Because I think that if US economic data comes in strong, expectations for a US interest rate hike by the end of the year will be kept alive for the time being – and this, along with hawkish comments from…
“We are more likely to live longer, to live alone and to be caregivers.”
National Bank of Canada’s (NBC) Taylor Schleich and Vy Le note that United States (US) growth expectations remain healthy, with GDP projected to expand above 2% in 2026, but they see a less benign inflation outlook. While headline inflation may approach 2% by mid-2027, core is described as stickier. They stress the Fed’s price-stability focus and a committee split leaning tighter, yet economists largely doubt rate hikes will occur in 2026.Healthy growth but uncertain Fed path”Meanwhile, the U.S. growth outlook remains stable and healthy, with the economy expected to expand more than 2%.””The U.S. inflation outlook is not as benign.””The…