18 minutes ago

GBP/USD Price Forecast: Dark-cloud cover looms as bears eye 1.3500

GBP/USD retreats by over 0.55% on Tuesday amid political turmoil in the UK, as pressure mounts on Prime Minister Keir Starmer to step aside following cabinet resignations. Technically, the formation of a ‘dark-cloud cover’ suggests further downside if sellers drive the pair below 1.3500.
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2 hours ago

Oil: Iran tensions and China demand shifts – Commerzbank

Commerzbank’s Barbara Lambrecht and colleagues note Brent has jumped as Iran–US tensions escalate and US policy debates gasoline tax relief. China’s crude Oil imports fell sharply in April, with further declines expected as shipments from Saudi Arabia and Iran drop.
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4 hours ago

EUR/JPY drops as Bessent’s FX remarks boost the Yen

EUR/JPY falls by some 0.18% on Tuesday as the Japanese Yen strengthened after US Treasury Secretary Scott Bessent said excess volatility in the FX markets is undesirable. At the time of writing, the cross-pair trades at 184.93 after peaking at around 185.46.
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