Japan Petroleum Exploration (Japex) has unveiled plans to invest 1.16 trillion yen ($7.3 billion) in exploration and production in a bid to quadruple oil and gas output over the next decade, mainly in the United States. Japex has set a goal to raise net profit to 100 billion yen and achieve a 12% Re
The USD/JPY climbed near the 159.30 price region on Wednesday, consolidating around recent highs as markets digest fresh developments in the Middle East and shift monetary policy expectations.
Unidentified traders executed a highly suspicious $430-million bearish bet on crude oil futures roughly 15 minutes before President Trump announced an indefinite extension of the U.S.-Iran ceasefire. The traders placed a total of 4,260 sell orders for Brent crude futures during a "post-settlement" p
Gold (XAU/USD) trims earlier gains on Wednesday as traders remain cautious amid ongoing uncertainty around the US-Iran conflict, despite US President Donald Trump extending the ceasefire with Iran just hours before it was due to expire.
Societe Generale’s Anatoli Annenkov expects the European Central Bank (ECB) to keep rates unchanged next week as focus shifts toward Euro Area growth and medium-term core inflation.
EUR/GBP trades on the back foot on Wednesday as UK inflation data lifts the British Pound (GBP), pressuring the Euro (EUR), with the cross extending losses for the second consecutive day. At the time of writing, EUR/GBP is trading around 0.8680, its lowest level since March 31.
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar (USD) was largely unmoved by Kevin Warsh’s Senate hearing, as he defended Federal Reserve independence and avoided clear policy guidance.
Crude oil inventories in the United States increased by 1.9 million barrels during the week ending April 17, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 465.7 million barrels according to government d
TD Securities notes UK headline CPI matched expectations at 3.3% year-on-year in March, reflecting early post-conflict price effects, especially from motor fuels.
The latest Reuters surveys of economists suggest a notable shift in expectations regarding the trajectory of US monetary policy, with the timing of potential easing likely to come later than previously anticipated.
OCBC strategists Sim Moh Siong and Christopher Wong note that renewed Oil-driven inflation risks are tightening global financial conditions, lifting the US Dollar (USD) as yields rise and risk appetite weakens.
The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, holds steady on Wednesday, hovering near one-week highs as the extension of the US-Iran ceasefire is seen as a temporary pause in military escalation rather than a real breakthrough, suggesting th
