West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction at the start of a new week as renewed hostilities in the Gulf dampen hopes for a deal to end a three-month-old war.
Forex
EUR/JPY gains ground after registering over 0.5% in the previous day, trading around 184.90 during the Asian hours on Monday.
Commodities
Global markets entered a risk-off phase amid a deep technology selloff, escalating Middle East tensions, and stronger-than-expected US employment data. Semiconductor stocks led losses amid growing concerns over AI valuations, while rising oil prices following Iran-Israel hostilities revived inflation fears. Meanwhile, robust US payrolls data reinforced expectations of a Federal Reserve rate hike, pushing Treasury yields and the US dollar higher while pressuring global equities.
West Texas Intermediate (WTI) oil price edges lower after opening at a bullish gap, remaining in the positive territory and trading around $90.50 per barrel during the Asian hours on Monday.
Crypto
Bitcoin has fallen sharply below USD 60,000 as long liquidations, reduced rate-cut expectations, Strategy’s bitcoin sale, weak institutional demand and broader crypto market concerns deepen selling pressure.
Forex
USD/JPY trades around 160.00 on Friday at the time of writing, virtually unchanged on the day after rebounding from its intraday lows following the release of the US employment report.
Commodities
Silver price (XAG/USD) claws back half of its early losses in the European trading session on Friday, but is still 1.7% down to near $72.60. The white metal is expected to remain volatile, as the United States (US) Nonfarm Payrolls (NFP) data for May is scheduled to be published at 12:30 GMT.
Forex
The USD/JPY pair trades in a tight range around 160.00 during the European trading session on Friday. The pair wobbles as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Indices
Deutsche Bank analysts describe a mixed backdrop for US equities, with the S&P 500 rebounding on broad participation even as chipmakers lag after Broadcom’s disappointing AI guidance.
Forex
The Euro (EUR) moves higher for the third consecutive day against the British Pound (GBP) on Friday, although bulls are failing to find acceptance above 0.8655.
