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Oil Surges as Supply Risks Push Brent Above $100

July 24, 2026 8:44 am
Key Moments Front-month Brent for September delivery traded at $100.69 a barrel, gaining more than 7% on the day after touching an intraday high of $101.01. Houthi claims of strikes on two Saudi oil tankers in the Bab el-Mandeb Strait and a declared blockade of Saudi exports have intensified concerns over Red Sea shipping. Global […] Read more

NZD Holds Modest Gains as Strong Dollar Limits Upside

July 24, 2026 8:38 am
Key Moments NZD/USD edged higher off a one-and-a-half-week low near 0.5760 but stayed capped below 0.5800 amid persistent US Dollar strength. Energy-related inflation concerns, driven by supply disruptions and higher crude prices, reinforced expectations for a Fed rate hike by year-end. Stronger New Zealand inflation data supported RBNZ rate-hike expectations, while markets awaited US flash […] Read more

EUR/JPY Tests Wedge Resistance on Bullish Momentum

July 24, 2026 7:56 am
Key Moments EUR/JPY has risen for a fourth straight session, trading near 186.50 during Asian hours on Friday. The pair is trading above its nine-period and 50-period EMAs, with a 14-day RSI around 60 signaling ongoing but not overextended upside momentum. Price action is confined within a rising wedge pattern, with resistance near 186.80 and […] Read more

Australian Dollar Rises Despite Global Headwinds

July 24, 2026 6:41 am
Key Moments AUD/USD recovers part of its recent decline after Australia’s flash PMIs point to a second straight month of private-sector expansion. Rising crude oil prices amid US-Iran tensions and new US trade tariffs support the USD by reinforcing inflation and Fed rate hike expectations. Markets turn attention to upcoming US flash PMIs and next […] Read more

Amazon Shares Face Pre-Market Pressure Ahead of Q2 Earnings

July 23, 2026 1:42 pm
Key Moments Amazon.com, Inc. shares fell 2.0% in pre-market trading to $240 after investors reacted to a U.S. Senate probe into alleged Chinese influence on its marketplace. Investor concerns also grew after Amazon cut jobs in its Artificial General Intelligence unit and reports highlighted $1.65 trillion in AI-related obligations across major tech firms. BofA Securities […] Read more

Blackstone Profit Beats Forecasts on AI Asset Gains

July 23, 2026 1:29 pm
Key Moments Blackstone’s distributable earnings per share increased 26% to $1.52, topping estimates of $1.35. Assets under management rose to $1.35 trillion, supported by strong inflows and asset sales totaling $31.8 billion. Nine of Blackstone’s ten best-performing investments are tied to artificial intelligence, including stakes in Anthropic and data center platforms. Quarterly Earnings and Asset […] Read more

Rand Steady as SARB Inflation Fight Guides Rate Path

July 23, 2026 11:53 am
Key Moments Commerzbank’s Volkmar Baur considers a 25 basis point rate increase by the South African Reserve Bank to 7.25% as virtually certain. The move would unwind one-third of the 2024-25 easing cycle, after inflation in June accelerated to 5% on surging fuel and higher core prices. Baur argues that the South African Rand’s outlook […] Read more

IBM Faces Growth Pressure as Mainframe Revenue Declines

July 23, 2026 9:55 am
Key Moments IBM now projects full-year revenue growth of 4% to 5%, down from a previously expected 5%. Infrastructure revenue declined 7% year-on-year to $3.8 billion, with data-center mainframe sales dropping 42%. Quarterly free cash flow totaled $2.5 billion, $300 million lower than a year earlier, while adjusted EPS was $2.93 on $17.2 billion in […] Read more

Rupiah Outlook Improves After Indonesia Policy Decision

July 23, 2026 9:00 am
Key Moments USD/IDR traded near 17,960 during Thursday’s Asian session after slight gains in the previous day. Bank Indonesia kept its benchmark rate at 5.75%. The central bank also introduced measures to attract foreign inflows and support the Rupiah. U.S. dollar weakness from economic concerns was offset by safe-haven demand as Middle East tensions increased. […] Read more

Gold Holds Firm as Softer Dollar Supports XAU/USD

July 23, 2026 7:30 am
Key Moments Gold (XAU/USD) trades sideways above $4,100, hovering just below an over two-week high reached the previous day. Escalating tensions involving the US, Iran, and Yemen-linked Houthis lift crude oil and strengthen market bets on further Fed rate hikes. Despite firm US Treasury yields, renewed US Dollar weakness helps cushion downside risks for bullion. […] Read more