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ING economists Lynn Song and Min Joo Kang expect China’s February CPI inflation to pick up to 1.0% year-on-year, mainly due to Lunar New Year effects, while the impact of higher Oil prices should appear later. They also project solid growth in exports and imports over the first two months, resulting in a larger trade surplus.Lunar New Year to lift CPI”China will release its CPI inflation data for February next Monday. We are expecting CPI to rise to 1.0% year-on-year thanks to a boost from the Lunar New Year effect. The impact of higher oil prices from the Middle East…
Oil futures were trading at their highest levels since the summer of 2024 on Friday as the Iran conflict entered a seventh day, with no sign of it ending anytime soon.
Silver price (XAG/USD) trades broadly sideways around $82.80 during the European trading session on Friday. The white metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.Investors will pay close attention to the US NFP data to get fresh cues on the Federal Reserve’s (Fed) monetary policy outlook. Traders trimmed dovish Fed bets for the July policy meeting after the release of the US ADP Employment data for February on Wednesday, which showed that the number of fresh jobs created in the private sector was higher than projected.The…
Oil rallied Thursday, with U.S. prices climbing above $80 for the first time in over a year, following a report that Iran attacked a U.S. oil tanker in the Persian Gulf.
The Dow Jones Industrial Average was down 840 points, or 1.73%, to 47,885 at the time of writing, giving back all of Wednesday’s gains and then some. The S&P 500 fell 0.82% to around 6,810, while the Nasdaq Composite dipped 0.50% to the 22,690 region. The Russell 2000 dropped 1.65% to land near 2,590, with small caps bearing the brunt of the risk-off shift. Thursday’s selling was broad, but the Dow’s underperformance was notable, dragged lower by defensive and consumer staple names including Merck (MRK), Johnson & Johnson (JNJ), and Walmart (WMT), all falling more than 2%.Iran conflict sends Oil…
Charter rates nearly doubled in recent days and are up fivefold since the start of the year.
The AUD/USD reversed its course, climbing some 0.61% on Wednesday as the US Dollar remains on the backfoot due to an improvement in market mood, sponsored by solid US economic data. At the time of writing, the pair trades at 0.7077, poised to end near the day’s high.
TOPSHOT – A saleswoman adjusts gold jewellery for sale at a shop in Lianyungang, in China’s eastern Jiangsu province on December 24, 2025. (Photo by AFP via Getty Images) / China OUTStr | Afp | Getty ImagesThis year’s hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. Gold prices slide: Spot gold was last down more than 5% to $5,041.81 per ounce, with gold futures dropping 5% to $5,049. They’re still up more than 16% this year. Silver prices tumble:…
Retail Prop Trading for U.S. Traders Retail Prop Trading I was watching a news program recently when I saw an advertisement for a proprietary trading firm. It immediately made me wonder: Is retail prop trading really suitable for U.S. traders? Anyone who has traded global markets understands there is no free lunch in trading. Success requires not only skill, but discipline to survive, let alone thrive in the challenging world of retail trading. For anyone in the U.S. (or elsewhere) considering signing up for a retail prop trading challenge, it’s essential to go in with eyes wide open.…
Investors are failing to grasp the enormity of the fallout from U.S. and Israel attacks on Iran, says this energy expert.