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PetrolOilPrice.com

U.S. Doubles Down on Hormuz Blockade to Choke Iran’s Oil Exports

The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yielding results and will not be lifted anytime soon. “While the surviving IRGC Leaders are trapped like drowning rats in a sewage pipe, Iran’s

BRENTWTI
MakroFXStreet News

GBP/USD Price Forecast: Trades sideways around 1.3500 ahead of Fed-BoE rate decisions

The GBP/USD pair is broadly sideways around 1.3500 during the European trading session on Wednesday. The Cable consolidates as investors await monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE).

FED
PetrolFXStreet News

USD: Steady as oil shock unfolds – DBS

DBS Bank’s Philip Wee notes that the US Dollar (USD) stayed rangebound even as Brent crude jumped on news that the UAE will exit OPEC and OPEC+ on May 1 and aims to boost production sharply.

BRENTCRUDE
MakroFXStreet News

USD/JPY nears the key 160.00 level ahead of the Fed rate decision

The US Dollar (USD) nudges higher for the second consecutive day against the Japanese Yen (JPY) on Wednesday, trading at 159.75 at the time of writing, with the key 160.00 level, considered a line in the sand for Tokyo intervention, coming closer.

FED
PetrolInvesting.com Commodities
MakroFXStreet News

Federal Reserve set to hold interest rates as uncertainty from the Iran war lingers

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as energy prices remain uncomfortably high amid ongoing uncertainty in the Middle East, putting the Fed’s dual mandate under strain.

FED
AltınFXStreet News

Gold Price Forecast: At make or break around $4,550 while Fed’s policy in focus

Gold price (XAU/USD) trades 0.5% lower to near $4,570 during the European trading session on Wednesday.

GOLD
PetrolOilPrice.com

TotalEnergies Raises Dividend as Oil Trading Profits Surge

TotalEnergies (NYSE: TTE) is raising its interim dividend by 6% as first-quarter earnings jumped by 30% from a year earlier, pushed up by the spike in oil prices and very strong oil trading results in the wake of the Iran war. The French oil and gas supermajor on Wednesday reported an adjusted net i

BRENTWTI
MakroFXStreet News

USD/CAD flatlines below 1.3700 heading into Fed and BoC rate decisions

The US Dollar (USD) is trading practically flat against the Canadian Dollar (CAD) on Wednesday.

FED
AltınFXStreet News

USD/INR: 95.23 retest risk grows amid INR pressure – Societe Generale

Societe Generale analysts discuss persistent headwinds for the Indian Rupee (INR) against US Dollar (USD) as India faces large Oil and Gold import bills.

GOLD
PetrolFXStreet News

BoC: Oil and delayed policy tightening – Commerzbank

Commerzbank’s Michael Pfister expects the Bank of Canada (BoC) to keep rates unchanged as policymakers assess the impact of the Middle East conflict and softer inflation.

BRENTWTI
MakroFXStreet News

AUD: Softer CPI tempers RBA hike odds – Deutsche Bank

Deutsche Bank analysts highlight that Australian Consumer Price Index (CPI) rose 4.6% year-on-year in March, slightly below expectations, while trimmed mean inflation stayed above the Reserve Bank of Australia's (RBA) target band.

INFLATION
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