Copper prices slid as markets reacted to the debut of Kevin Warsh as US Federal Reserve Chair, with his hawkish stance on inflation unsettling investors and sparking a selloff across commodities. The decline underscored how sensitive copper remains to monetary policy signals, particularly when they point to tighter financial conditions. At the time of writing,
Citigroup has revised its expectations for US Federal Reserve interest rate cuts, pushing back its projected timeline by one month as policymakers adopt a more hawkish stance and inflation concerns persist. The Wall Street firm now expects the Federal Reserve to cut interest rates in October and December 2026, followed by another reduction in January
A liquefied natural gas (LNG) tanker is heading toward the Strait of Hormuz for the first time since the US–Iran pact took effect, signaling cautious optimism that shipping lanes may reopen after months of disruption, according to a Bloomberg report. The voyage is being closely watched by traders and governments alike, as it could mark
UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of England’s latest interest rate decision. The latest data indicated that Britain’s labour market continues to show resilience despite signs of easing demand for workers, providing
The US Dollar strengthened sharply against major currencies on Wednesday after investors digested the Federal Reserve’s latest policy statement, revised economic projections, and comments from Chairman Kevin Warsh following the central bank’s policy meeting. The US Dollar Index gained nearly 1% during the session, climbing above 100.50 and reaching its highest level since late March.
Micron stock (NASDAQ: MU) remains in focus ahead of the company’s fiscal third-quarter results on June 24, with investors debating whether one of Wall Street’s strongest AI-linked rallies still has room to run. The stock has surged as the memory-chip cycle has tightened, but a fresh bullish call has pushed the debate further. The latest
The US and Iran reached a framework agreement to extend the current ceasefire by 60 days and reopen the Strait of Hormuz to shipping. The pact is scheduled to be signed this Friday in Switzerland, paving the way for the gradual resumption of energy exports from the Gulf region. Energy markets reacted with immediate relief.
Hyperliquid’s HYPE token has reached a new all-time high of $76.70 on the back of a plethora of developments. According to data from CoinGecko, HYPE climbed nearly 10% over the past 24 hours and touched a record $76.70 on June 16 before settling near $75 at press time. The token has gained roughly 46% over
Barclays has maintained its bullish long-term outlook for gold, forecasting the metal will reach $4,791 per ounce by the end of 2026 and $4,900 in 2027, even after a sharp correction during the Iran conflict. In a research note published this week, the UK bank’s cross-asset research team, led by Lefteris Farmakis and Themistoklis Fiotakis,
The US dollar edged lower on Wednesday as investors awaited the Federal Reserve’s first policy decision under Chair Kevin Warsh, while optimism surrounding an interim peace agreement between the United States and Iran helped improve market sentiment. Currency markets remained largely subdued during the Asian trading session, with traders reluctant to take significant positions ahead