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Spain Industrial Output Cal Adjusted (YoY) declined to 1.1% in June from previous 3.4%

Oil: Distillate exports tighten market – ING

ING strategists Warren Patterson and Ewa Manthey note Oil prices remain under pressure, with ICE Brent trading below $80/bbl as markets focus on a potential US-Iran deal to reopen flows through the St ...

WTI Price Forecast: Downside likely towards $67 on Hormuz reopening hopes

West Texas Intermediate (WTI), futures on NYMEX, trades 0.45% lower to near $74 during the early European trading session on Thursday, closer to its three-week low of $73.51 posted the previous day.

British Pound loses ground to near 1.3450 as traders await possible US-Iran deal

The GBP/USD pair drifts lower to near 1.3460 during the early European trading hours on Thursday. Conflicting rhetoric from the US and Iranian officials about a potential deal fuels market concerns, d ...

EUR/JPY Price Forecast: Falls to near 182.00 amid prevailing bearish bias

EUR/JPY depreciates after two days of gains, trading around 182.10 during the Asian hours on Thursday. The currency cross is maintaining a bearish near-term bias as it holds beneath both the nine-day ...

British Pound consolidates vs Yen; bullish bias remains amid Japan's fiscal concerns

The GBP/JPY cross struggles to capitalize on this week's solid rebound from the vicinity of mid-109.00s, or a four-month low, and edges lower during the Asian session on Thursday.

AUD/JPY Price Forecast: Softens to near 111.00 as bearish bias holds below key technical barriers

The AUD/JPY cross trades in negative territory around 111.15 during the early European trading hours on Thursday. A coordinated currency intervention by the United States (US) and Japan provides some ...

Swiss Franc receives support as US Dollar weakens on easing risk aversion

USD/CHF extends its losses for the third consecutive day, trading around 0.8060 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) faces headwinds from declining safe-have ...

United States Dollar Index (DXY) struggles near 99.65 and remains close to multi-week low

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the third straight day and hovers around the 99.65 region during the Asian session ...

Japanese Yen gathers strength to near 157.50 on US-backed intervention

The USD/JPY pair trades in negative territory near 157.65 during the early Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following a coordinated curre ...

Canadian Dollar remains on the front foot vs USD as oil rebounds and Fed hike bets fade

The USD/CAD pair remains on the back foot during the Asian session on Thursday, with bears now awaiting a break below the 1.4000 psychological mark before positioning for an extension of the previous ...

Yemen's Houthis say they attacked a Saudi oil tanker in the Red Sea, Gulf of Aden

Yemen’s Iran-backed Houthis said ‌that they had launched a missile attack on a Saudi oil tanker off the coast of the kingdom's Red Sea port city of Yanbu and another missile attack on a Saudi oil tank ...