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Brent Oil Outlook: Bears May Pause Above 200-Day MA
Brent crude fell over 15% in four days amid a US-Iran peace deal narrative, approaching levels seen at the start of the recent move. The 200-day moving average could provide support for a brief consolidation.
Fed Meeting May Mark Formal End of Easing Bias, Markets Could Be Disappointed
Today's Federal Reserve meeting is expected to signal the formal death of the easing bias, as resilient US economy and rising inflation pressures remove the case for rate cuts. Markets may be disappointed by a hawkish stance.
US Gold Reserves: Fort Knox Holds 60% of Treasury Stockpile
Fort Knox in Kentucky holds approximately 147.3 million troy ounces of gold, representing about 60% of total US government gold reserves. Other major depositories include West Point and Denver.
Sweden May CPIF Inflation Forecast at 2.6% as Oil Drops Below $80
Sweden's CPIF inflation forecast for May stands at 2.6% with constant taxes, while oil prices have fallen below $80 per barrel amid easing Middle East tensions, though geopolitical risks persist.
ECB's Sleijpen Says Repeat of 2022 Inflation Less Likely but Risk Remains
European Central Bank policymaker Olaf Sleijpen indicated that a repeat of the 2022 inflation spike is less probable, but the possibility cannot be entirely dismissed.
Fed voters show hawkish tilt, limiting scope for Warsh's rate-cut push
According to FXStreet's Speech Tracker, most FOMC voters are hawkish or leaning hawkish, with 6 of 11 scoring 6.0 or higher. This suggests strong internal resistance to aggressive easing, even if nominee Warsh pushes for cuts.
US Retail Sales Surge 0.9% MoM in May, Beating Expectations
US retail sales rose 0.9% month-over-month in May to $763.7 billion, exceeding the 0.5% forecast and accelerating from the prior month's 0.5% gain. Year-over-year sales were up 6.9%.
LME and Shanghai Futures Exchange to Launch LME-Listed Flat Steel Futures
The London Metal Exchange (LME) has signed an agreement with the Shanghai Futures Exchange (SHFE) to launch an LME-listed futures contract offering exposure to the SHFE flat steel market for participants outside China.
Societe Generale Sees Diverging Oil Normalization After US-Iran Deal
Societe Generale analysts note that Brent oil prices are normalizing after the US-Iran deal, but highlight differing adjustments across spot, volatility, and options markets.
Gold Awaits Fed Decision as USD Retreats on Geopolitical Easing
The US Dollar continues to decline amid easing geopolitical risks and fading concerns over Kevin Warsh's dovish stance. Trump claims the Iran agreement is finalized, pushing Brent below $80 and boosting US stocks, while gold markets await the Fed's next move.
Silver Falls to $69.70, Down 0.47% on Wednesday
Silver prices declined on Wednesday, trading at $69.70 per troy ounce, a drop of 0.47% from the previous close of $70.03, according to FXStreet data.
Oil Plunge Below $80 Reshapes Fed Inflation Risk View – MUFG
MUFG’s Derek Halpenny notes that Brent crude falling below $80 and a 30% monthly drop have significantly lowered near-term inflation risks for the Fed.
Slovak Economy Enters 2026 with Subdued Growth
The Slovak economy started 2026 with weak growth, as household consumption increased only moderately and investment posted a sharp decline. Full-year economic expansion is expected to remain subdued.
WTI Holds Losses Near $75.60 on Easing Supply Concerns
West Texas Intermediate crude oil prices remain subdued for a fifth consecutive session, trading around $75.60 per barrel as easing supply concerns weigh on the market.
WTI Crude Extends Losses, Closes Below 200-Day EMA
WTI crude oil continued its decline on Tuesday, falling below the 200-day exponential moving average for the first time since February as geopolitical risk premiums diminish.
Brent Breaks Below 200-Day Moving Average – SocGen
Societe Generale notes Brent crude has broken below its 200-day moving average near $78.4, with prices now 38% off their peak yet still 10% above pre-war levels.
ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation
European Central Bank policymaker Gediminas Šimkus stated that additional rate hikes are likely needed to contain inflation risks.
Deutsche Bank: Fed Under Warsh to Hold Rates, Hawkish Tone
Deutsche Bank economists predict the Federal Reserve will keep interest rates unchanged at the first meeting under Chair Kevin Warsh but adopt a more hawkish stance.
Brent Oil Extends Decline on US-Iran Peace Framework Reports
Deutsche Bank reports that Brent oil prices have continued to fall as markets react to news of a proposed US-Iran peace framework, including export waivers and a potential reopening of the Strait of Hormuz.
World Bank Sees Global Growth Slowing to 2.5% in 2026
The World Bank projects global economic growth will slow to 2.5% in 2026, the weakest pace since the COVID-19 pandemic, according to its latest Global Economic Prospects report.
FOMC Preview: Kevin Warsh Takes Helm, Rates Expected Unchanged
The Federal Reserve is set to announce its latest policy decision with a 99.4% probability of holding rates at 3.5–3.75%. Kevin Warsh assumes leadership, making communication as critical as the dot plot.
Iran Fires Drones at Commercial Ships in Strait of Hormuz After US Deal
Iran reportedly launched multiple drones at merchant ships in the Strait of Hormuz shortly after reaching a memorandum of understanding with the United States over the weekend.
Rabobank: Central Bank Gold Demand Rises on De-Dollarization
Rabobank's research team notes growing central bank demand for gold amid rising global insecurity and de-dollarization trends.
JD Vance: Trump Holds All the Cards After Iran Nuclear Strike
Vice President JD Vance declared that the US accomplished its goals in Iran and that President Trump now holds all leverage, with Iran's economic relief hinging on compliance.