Russia will resume buying foreign currency on the market for the first time since before the start of the war in Ukraine, according to a statement from the Finance Ministry, as higher oil prices linked to the US war with Iran begin supporting state revenues.As cited in a Reuters report,…
Markets are starting on Wednesday with a rare mix of relief and caution.Relief, because the latest signals from Washington and Tehran point to a possible easing in the Strait of Hormuz standoff.Caution, because the region is still fragile and energy traders are not ready to price in a clean resolution.At…
The South African rand continued its strong momentum today, reaching its lowest level since April 22nd as a carry trade opportunity emerged. The USD/ZAR pair dropped to 16.4, down sharply from the year-to-date high of 16.90.Carry trade opportunity strengthensThe USD/ZAR exchange rate continued its recent downward trend this week as…
The iShares 20-Year Treasury Bond ETF (TLT) dropped sharply on Monday as long-term government bond yields soared. TLT dropped to $84.9, its lowest level since March 27. It remains 5.50% below its highest point in February this year. TLT ETF drops as US 30-year Treasury yields soarAmerican and foreign investors are…
The FTSE 100 Index retreated for four consecutive days as UK government bond yields surged and after HSBC published a weak financial report. It dropped to £10,225 on Tuesday, down sharply from the year-to-date high of £10,935.Soaring UK Gold yieldsA key reason why the FTSE 100 Index pulled back is…
The WTI crude oil price dropped to the important support level at $100 on Wednesday after Donald Trump paused the newly launched Project Freedom. It has retreated by 15% from its highest point this year. Similarly, Brent, the global benchmark, fell to $108 from this week’s high of $114.Trump suspends…
IAG share price has come under pressure this year as the ongoing US-Iran war has disrupted its business. It dropped to 366p on Wednesday, down from the year-to-date high of 465p. Focus now shifts to its earnings, which will provide more information on its business during the war.Soaring jet fuel…
HYPE price continued its recovery this week, helped by the ongoing crypto market rally and the recently launched prediction marketplace. Hyperliquid token was trading at $44 on Wednesday, its highest point since April 19 this year. It has jumped by 115% from its lowest level this year.Hyperliquid launches Polymarket competitor HYPE…
The South African rand continued its strong momentum today, reaching its lowest level since April 22nd as a carry trade opportunity emerged. The USD/ZAR pair dropped to 16.4, down sharply from the year-to-date high of 16.90.Carry trade opportunity strengthensThe USD/ZAR exchange rate continued its recent downward trend this week as…
BT Group share price has done well this year and is now hovering near its highest point since January 2017. It has soared from the pandemic low of 74.8p to the current 220p. This rally may continue in the foreseeable future as the company prepares to release its annual report…