Oil prices plunged overnight as markets reassessed geopolitical risk following what appears to be a restrained Iranian response to US strikes and a potential ceasefire between Iran and Israel. WTI tumbled sharply after reports that Iranian forces attacked a US base in Qatar—an incident that was intercepted with no reported casualties. The muted retaliation defused […]
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Key Highlights WTI Crude Oil started a recovery wave above $96.50 and $98.00. A bullish trend line is forming with support at $99.80 on the 4-hour chart of XTI/USD. Gold is grinding lower below the Read more…
RBNZ Governor Anna Breman warned at a panel discussion today that New Zealand is being affected by global inflation shocks stemming from the Middle East conflict, noting that it has “disrupted global supply chains, pushing Read more…
Australia’s inflation accelerated sharply in March, with headline CPI rising from 3.7% yoy to 4.6% yoy, the highest since September 2023, though slightly below expectations of 4.8% yoy. The surge was largely driven by energy Read more…