July 6, 2026 5:54 am
Key Moments USD/CAD trades near 1.4210, extending gains into a second straight session during Asian hours on Monday. OPEC+ approves a 188,000 barrels per day output increase for next month, even as Strait of Hormuz traffic stabilizes. Markets assign a 77.3% probability to further Federal Reserve rate hikes by year-end, according to CME FedWatch. USD/CAD […]
Read moreJuly 3, 2026 1:41 pm
Key Moments Stellantis produced 252,223 vehicles in Italy in the January-June 2026 period, a 13.7% increase year-on-year. The FIM Cisl union expects full-year 2026 production in Italy to reach around 500,000 vehicles, below the 750,000 units built in 2023. Passenger car output rose 27.7% to 158,193 units, while the Cassino plant was the main laggard […]
Read moreJuly 3, 2026 1:32 pm
Key Moments Brent crude traded at $71.79 a barrel and WTI at $68.50, with both benchmarks holding near levels last seen before the Iran war. Citigroup projected Brent could fall to $60 a barrel by year-end, citing normalizing shipping, softer Chinese demand, and weaker-than-expected inventory draws. The six-month Brent spread moved into contango, signaling an […]
Read moreJuly 3, 2026 1:24 pm
Key Moments QatarEnergy-controlled Q-Flex LNG carrier Al Shamal has transited the Strait of Hormuz in ballast, ending an apparent week-long pause in such passages. LNG carriers have been clustering in the Middle East Gulf and the Arabian Sea off India and Pakistan as they wait to load cargoes. Edison reported that QatarEnergy has extended force […]
Read moreJuly 3, 2026 9:51 am
Key Moments August live cattle on CME settled at 239.225 cents per pound, down 2.60 cents, while October cattle closed at 234.300 cents, off 2.425 cents. USDA reported beef packer losses of $295.20 per head, deepening from $280.25 per head the previous day as margins stayed heavily negative. August lean hog futures gained 1.700 cents […]
Read moreJuly 3, 2026 9:18 am
Key Moments: ICE Brent prices move closer to $70/bbl as Strait of Hormuz oil flows normalize and the front of the curve slips into contango. LME three-month aluminium prices retreat toward $3,000/t following an update that around 7% of production pots at EGA’s Al Taweelah smelter have been restarted. Gold advances after weaker US jobs […]
Read moreJuly 3, 2026 7:50 am
Key Moments Moody’s Ratings placed South32’s Baa1/P-2 issuer and commercial paper ratings on review for downgrade after the miner agreed to sell key aluminium assets to Alcoa for up to $5.6 billion. The divestment covers operations that delivered about 37% of South32’s underlying earnings, on average, over the five fiscal years through 2025, which Moody’s […]
Read moreJuly 3, 2026 7:19 am
Key Moments USD/CHF traded near 0.8020 in Asian hours on Friday, marking a second straight session of declines. June U.S. Nonfarm Payrolls added 57,000 jobs versus expectations of 110,000, prompting markets to cut September Fed rate-hike odds to 52% from 66%. Swiss CPI rose 0.5% year-on-year in June, its lowest reading since March, while monthly […]
Read moreJuly 3, 2026 7:15 am
Key Moments GBP/USD trades near 1.3360 in early European dealings on Friday after a weaker-than-expected US Nonfarm Payrolls report. Market-implied probability of a US Federal Reserve rate hike by September eases to about 52% from 66% before the jobs release. The pair holds above 1.3300 support but remains constrained below the 100-day simple moving average […]
Read moreJuly 3, 2026 7:09 am
Key Moments EUR/USD has advanced for a second consecutive session, trading just below the mid-1.1400s after buyers emerged in Asia. Reduced expectations for a Federal Reserve rate hike have pressured the US Dollar, offering support to the euro. Technical signals are mixed, with a bearish flag pattern and key resistance levels suggesting caution before targeting […]
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