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Norges Bank FX Strategy Seen Curbing Norwegian Krone Upside

April 30, 2026 8:20 am
Key Moments BNY’s Geoff Yu anticipates a difficult near-term environment for NOK even as Norwegian fundamentals remain solid and Norges Bank signals possible tightening. Expected changes in Norges Bank FX operations, with a likely shift back to NOK selling as oil revenues remain strong, are seen as a counterweight to any hawkish policy impulse. Yu […] Read more

Yen Holds Near Lows as Fed Pauses, Tokyo Signals

April 30, 2026 6:40 am
Key Moments USD/JPY trades around 160.45 in early European hours on Thursday, hovering near a 21-month high for the pair. The Federal Reserve left its benchmark rate unchanged at 3.50%-3.75% in an 8-4 decision, its most split vote since 1992. Japan’s finance minister flagged a “high sense of urgency” over speculative, weak-yen moves, keeping intervention […] Read more

WTI Extends Gains as Iran Blockade Boosts Oil Outlook

April 30, 2026 6:22 am
Key Moments West Texas Intermediate trades around $105.70 per barrel in Asian hours, rising for a fourth straight session. U.S. crude inventories drop by 6.233 million barrels as exports surpass 6 million barrels per day, signaling tighter supply. Heightened Middle East tensions spur renewed interest in Canada’s oil and gas sector, highlighted by Shell’s $16.4 […] Read more

GBP Holds Near 1.35 as BoE and US CPI Data Loom

April 30, 2026 5:58 am
Key Moments: GBP/USD trades around 1.3475-1.3480, little changed on the day and holding above its 100-day Simple Moving Average. Markets price in a higher probability of two Bank of England rate hikes in 2026, providing support for the British Pound. The US Federal Reserve’s recent hawkish stance and ongoing US-Iran tensions continue to underpin the […] Read more

Phillips 66 Posts Surprise Profit on Refining Gains

April 29, 2026 1:57 pm
Key Moments Phillips 66 reported adjusted earnings of $0.49 per share for the quarter ended March 31, beating expectations for a $0.40 per-share loss. Refining segment results improved sharply, with realized refining margins rising to $10.11 per barrel and the unit shifting to a $208 million adjusted profit from a $937 million loss. Crude capacity […] Read more

Silver Pulls Back but Holds Massive Year-Over-Year Rally

April 29, 2026 1:30 pm
Key Moments Silver traded at $72.43 per ounce at 8:45 a.m. Eastern Time, down $1.03 from the same time yesterday. The metal has climbed from $32.94 per ounce one year ago, a gain of more than $39 and +119.88% year over year. Despite its long-run underperformance versus stocks since 1921, silver is highlighted for its […] Read more

Institutional Support & Rich Dividends UPS Turnaround

April 29, 2026 1:16 pm
Key Moments Q1 results highlighted improving business trends at United Parcel Service, Inc. (NYSE: UPS) and a faster path toward an inflection point despite subdued guidance. Institutional investors have boosted their holdings to more than 60% of UPS shares and accelerated net buying to nearly $4 for every $1 sold in Q1 2026. UPS shares […] Read more

Gold Struggles Below $4600 Ahead of Fed Signals

April 29, 2026 7:39 am
Key Moments XAU/USD is trading below the $4,600 level and is hovering near a three-week low ahead of the FOMC policy decision. Uncertainty over US-Iran peace talks is supporting the US Dollar. As a result, Gold remains under pressure. Technically, Gold is still weak below the $4,670–$4,665 zone and the 200-hour EMA. Bears are now […] Read more

AUD/JPY Struggles Near 114.50 After Soft CPI

April 29, 2026 6:23 am
Key Moments AUD/JPY trades close to 114.50 in early Asian dealings on Wednesday after Australia’s latest CPI release. Australia’s annual CPI increased to 4.6% in March, missing expectations of 4.7% despite accelerating from 3.7% in February. The Bank of Japan kept its policy rate at 0.75% on Tuesday and signaled it will adjust rates in […] Read more