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Press Metal Slides as Aluminum Rally Stalls on Risk Easing

June 26, 2026 8:12 am
Key Moments Press Metal Aluminium Holdings Bhd (KL: PMETAL) fell 6 per cent to close at MYR 7.79 as aluminum prices extended their pullback. Benchmark three-month aluminum futures on the London Metal Exchange dropped to USD 3,122.50 per tonne, the lowest since February. Despite the sell-off, Press Metal shares remain nearly 10 per cent above […] Read more

Euro Holds Against CAD as Central Bank Paths Diverge

June 26, 2026 8:04 am
Key Moments EUR/CAD traded around 1.6150 during European hours on Friday after reversing earlier intraday losses. ECB policymaker Isabel Schnabel signaled that additional rate hikes are still likely to bring inflation back to the 2% medium-term target. BoC expectations eased, with traders now pricing in just 17 basis points of tightening by December, down from […] Read more

Oil Rebounds on Gulf Incident, But Bearish Trend Holds

June 26, 2026 7:56 am
Key Moments ICE Brent erased earlier losses and settled more than 2% higher after a commercial vessel was struck in the Strait of Hormuz. ING strategists say overall price momentum still points lower as crude flows through the Strait of Hormuz continue to recover, driven largely by previously stranded vessels. OPEC faces fresh internal strains […] Read more

Pound Edges Up Amid Political and Global Headwinds

June 26, 2026 6:12 am
Key Moments GBP/USD trades just below 1.3200 in Asia, holding a modest two-day positive bias after rebounding from November 2025 lows near 1.3140. Renewed geopolitical tension in the Strait of Hormuz and UK political uncertainty limit appetite for the British Pound and support the safe-haven USD. Reduced expectations for additional Fed rate hikes, following the […] Read more

CAD Gains as Oil Rally, Fed Shape USD/CAD Trade

June 26, 2026 5:59 am
Key Moments USD/CAD trades near 1.4200, declining for a second straight session as the Canadian Dollar benefits from firmer crude prices. Oil advances after a suspected projectile strike on a cargo vessel near Oman disrupts UN evacuation operations in the Strait of Hormuz. Markets assign a 63.4% probability to a Federal Reserve rate hike at […] Read more

Bitcoin Near Lows as AI Rotation and ETF Outflows Weigh

June 25, 2026 2:14 pm
Key Moments Bitcoin traded 1.2% lower at $61,685.0 by 06:11 ET (10:11 GMT), remaining close to levels last seen around 1-½ years ago. Spot Bitcoin ETFs recorded $469 million in outflows on Wednesday, the largest daily withdrawal since June 2 and part of a seven-week stretch of redemptions. Broader crypto moves were muted, with Ether […] Read more

Wheat Futures Ease as Weather Outlook Weighs on Contracts

June 25, 2026 1:06 pm
Key Moments Winter wheat futures are posting modest losses early on Thursday, while spring wheat prices are holding relatively steady. Expected rainfall from Montana through Minnesota and across much of Canada is pressuring sentiment in the spring wheat market. Analysts are looking for 2026/27 weekly export sales for the period of 6/18 in a range […] Read more

Soft Precious Metals Weigh on ZAR and PEN Carry Trades

June 25, 2026 11:25 am
Key Moments BNY’s Geoff Yu notes that weakness in precious metals is eroding terms of trade for South Africa and Peru, limiting upside for ZAR and PEN. High nominal and real yields are pressuring precious and industrial metals, creating headwinds for metals-linked currencies in what would otherwise be a favorable carry environment. Institutional and policy […] Read more

Sterling Rebounds Against Yen as FX Intervention Eyed

June 25, 2026 10:24 am
Key Moments GBP/JPY trades around 213.40 after recovering from lows near 212.50, staying confined within recent ranges. Traders remain cautious on short Yen positions as USD/JPY moves closer to levels viewed as possible intervention triggers. Technical indicators point to range-bound GBP/JPY price action, with no clear directional bias emerging. GBP/JPY Holds Near Session Highs Amid […] Read more

Rubber Prices in KL Slide as Supply Outlook Improves

June 25, 2026 9:50 am
Key Moments Kuala Lumpur rubber prices closed sharply lower for a third straight session, following declines in regional rubber futures. Sentiment was pressured by increased Thai rubber shipments to China and ANRPC’s higher global natural rubber production forecast for 2026. At 3 pm, SMR 20 dropped 33 sen to 907.5 sen per kg and latex-in-bulk […] Read more