July 8, 2026 7:40 am
Key Moments WTI trades just above $72.00, consolidating near a two-week high after an earlier Asian session advance. Escalating US-Iran tensions and concerns over potential disruptions in the Strait of Hormuz support crude prices. OPEC+ plans to raise output from August and Saudi Arabia’s $11 per barrel August price cut to Asia limit further upside. […]
Read moreJuly 8, 2026 6:28 am
Key Moments NZD/USD rises back to the 0.5700 level after the Reserve Bank of New Zealand lifts its Official Cash Rate by 25 bps to 2.50%. Safe-haven demand for the US Dollar remains supported by renewed US-Iran tensions and higher US Treasury yields. Traders turn their attention to RBNZ Governor Anna Breman’s press conference and […]
Read moreJuly 8, 2026 6:04 am
Key Moments Silver (XAG/USD) trades near $59.80 and posts a third consecutive session of weakness. Price action continues to respect a short-term bearish flag pattern, with indicators signaling room for additional downside. Major resistance is clustered around the 100-period SMA at $62.32 and the upper channel boundary at $64.21. Bearish Tone Persists Around Mid-$59.00s Support […]
Read moreJuly 7, 2026 2:14 pm
Key Moments Plug Power Inc gained 1.5% in pre-market trading after securing a 50-megawatt electrolyzer contract for Australia’s Hunter Valley Hydrogen Hub. The project will use Plug’s GenEco PEM electrolyzers to produce approximately 4,700 tonnes of renewable hydrogen annually, reducing Orica’s natural gas usage at its Kooragang Island site. Stronger Q1 2026 results, including a […]
Read moreJuly 7, 2026 1:08 pm
Key Moments Soybean futures built on Monday’s strong rally, with Tuesday morning prices edging 1 to 2 cents higher. Open interest climbed by 45,619 contracts as fresh buying followed front-month futures gains of 35 to 50 1/2 cents. USDA data showed soybean export shipments for the week ending July 2 at 528,350 MT, up 19% […]
Read moreJuly 7, 2026 10:31 am
Key Moments WTI futures on NYMEX trade about 1% higher near $69.40 during the European session on Tuesday after reports of attacks on commercial ships in the Strait of Hormuz. Despite the uptick, WTI holds a bearish near-term bias with spot prices well below the 20-day EMA at $74.27 and the RSI at 31.79 hovering […]
Read moreJuly 7, 2026 10:05 am
Key Moments Hungarian inflation declined to 1.7%, undershooting both market expectations and the National Bank of Hungary’s June projection of 2.0%. Markets are pricing about 150bp of additional easing and a 4.50% terminal policy rate, aligned with ING’s forecast assuming BUBOR stays above the policy rate. EUR/HUF is expected to hold within the 350-356 band, […]
Read moreJuly 7, 2026 9:40 am
Key Moments Brent and WTI futures gained 1.1% as fresh security incidents in the Strait of Hormuz reignited concerns over shipping disruptions. Reports of Iranian missile strikes on commercial vessels and a tanker hit near the Omani coast raised the risk of renewed U.S.-Iran confrontation. Price gains were tempered by planned OPEC+ supply increases, higher […]
Read moreJuly 7, 2026 9:33 am
Key Moments Benchmark Dutch front-month gas contracts rose 4.7% to 46.54 per megawatt-hour, reversing the prior session’s weakness. European storage sites are 43.1% full, trailing the 51.4% level recorded at the same point last year. Extended Norwegian maintenance and stronger Asian LNG demand have tightened European supply and increased price volatility. Heatwave Outlook Drives Demand […]
Read moreJuly 7, 2026 8:11 am
Key Moments USD/INR trades near 95.36 as the Rupee holds onto prior-session losses amid renewed oil supply concerns. MCX Crude Oil July 20 contract trades about 0.66% higher near 6,600, pressuring oil-import-dependent currencies like the INR. FOMC minutes and the Fed’s unchanged 3.50%-3.75% rate range, alongside 55.2% odds of a hike by September, shape USD/INR […]
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