West Texas Intermediate (WTI), futures on NYMEX, is up 0.7% higher to near $102.75 during the European trading session on Tuesday.
Forex
The New Zealand Dollar (NZD) is pulling back against the US Dollar (USD) on Tuesday, trading right above 0.5850 at the time of writing, down from Monday’s highs at 0.5880.
Forex
Here is what you need to know on Tuesday, May 19:
Forex
The EUR/USD pair trades 0.18% lower to near 1.1635 during the European trading session on Tuesday. The major currency pair faces selling pressure as the US Dollar (USD) resumes its upside journey amid firm expectations that the Federal Reserve (Fed) will not cut interest rates this year.
Forex
The USD/JPY pair trades with positive bias for the seventh straight day and is currently placed around its highest level in nearly three weeks, with bulls looking to extend the momentum beyond the 159.00 mark.
Commodities
Silver (XAG/USD) attracts some sellers following a modest Asian session uptick to the $79.00 neighborhood and drops to a fresh daily low in the last hour.
Commodities
Global markets opened cautiously as surging bond yields and rising expectations of future Federal Reserve rate hikes threatened the ongoing AI-driven technology rally. Investors also monitored escalating Middle East tensions after a drone strike targeted a UAE nuclear facility, fueling inflation and energy supply concerns. Meanwhile, Asian tech stocks showed resilience as Baidu posted strong AI revenue growth and Samsung rallied ahead of Nvidia’s closely watched earnings release.
Forex
The NZD/USD starts the session near the 0.5880 region on Tuesday as the US Dollar (USD) weakens amid shifting Federal Reserve (Fed) expectations and mixed developments surrounding negotiations between the US and Iran.
Commodities
Discover Market reactions to the latest geopolitical news: US equities stage an aggressive relief rally after President Trump halts a planned military strike on Iran at the direct request of Saudi Arabian and UAE leaders. As immediate geopolitical tail risks evaporate and WTI Crude faces heavy selling pressure. Intraday charts for Oil, the US Dollar and the S&P 500.
Forex
The US Dollar Index (DXY) falls toward the 99.10 region on Monday as traders assess fresh geopolitical headlines and the upcoming leadership transition at the Federal Reserve (Fed).
