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Rabobank strategist Michael Every notes Oil prices are currently lower on hopes for de-escalation in multiple conflicts, including developments around Saudi infrastructure, Iran talks and Ukraine. However, Every stresses that hardened positions in Iran, Russia and broader security shifts mean energy prices could still change dramatically depending on how major geopolitical deals and confrontations evolve.Conflicts and deals steer Oil prices”Oil is down on hopes for ‘peace in our time.’ The Saudi east-west pipeline will start again at lower capacity, China warned the Houthis not to block the Red Sea, Trump negotiators held a “very productive” three-hour meeting with the Iranians…

Forex traders said going ahead currency market direction will majorly be driven by unfolding geopolitical developments. The rupee gained 5 paise to 95.57 against the US dollar in early trade on Wednesday, supported by falling crude oil prices and a broader recovery in Asian currencies.Forex traders said going ahead currency market direction will majorly be driven by unfolding geopolitical developments.Softer crude oil prices remain the major support for the rupee, while a firm American currency after the US Fed’s rate hike and foreign portfolio outflows remain the main concerns.At the interbank foreign exchange market, the rupee opened at 95.58 then…

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retains a negative bias for the fifth straight day on Wednesday, flirting with an over two-week low touched on Tuesday. The commodity trades near mid-$88.00s during the Asian session, down over 1% for the day, and seems vulnerable to slide further.As Saudi Arabia works to restore operations on an oil pipeline to the Red Sea, hopes for a diplomatic resolution to end the US-Iran war and the reopening of the Strait of Hormuz help ease supply concerns. In fact, Iran reportedly offered to unblock the strategic waterway in…

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the early Asian trading hours on Wednesday. WTI falls after US President Donald Trump said the United States (US) held hours-long talks with Iran.CNBC reported that Trump stated that Washington met with Iran’s delegation for three hours on the sidelines of the U.N. General Assembly in New York City. “It was a very good meeting,” said Trump. Earlier Tuesday, Trump said he has a “big decision” to make on whether to seek a negotiated deal with Iran or maintain pressure on Tehran. He warned that he could annihilate Iran…

The Dow Jones Industrial Average rose to its highest level since September 14 before the opening bell, then turned lower once trading started in New York. It trades near 51,800, below Monday’s close. The NASDAQ Composite tested record highs and the S&P 500 is barely changed. Money is moving out of financial companies and into technology, and the Dow has more of the first in it and less of the second compared to the other two indexes.The smaller bank counts for more in the DowFinancial shares, from banks to brokers and insurers, are falling across the market. Traders are moving…

The rupee appreciated 20 paise to close at 95.58 (provisional) against the US dollar on Tuesday, supported by a sharp fall in crude oil prices on improved global risk sentiments and hopes of diplomatic talks to resolve the US-Iran war.Forex traders said Brent crude oil prices witnessed a sharp decline after reports surfaced that Iran would open the Strait of Hormuz within seven days if the US lifts its port blockade and eases military pressure around it.At the interbank foreign exchange market, the rupee opened at 95.75 against the US dollar, then gained some ground and touched 95.55 against the…

Private-sector hiring in the US has gained some pace in early September. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 20K jobs per week in the four weeks ending September 5.That marks an acceptable rebound from the prior reading (16.75K), showing extra recovery in hiring.Market reactionThe Greenback trades slightly on the defensive on Tuesday, hovering around the 100.40 region when gauged by the US Dollar Index (DXY) in the wake of the release. Employment FAQs Labor market conditions are a key element to assess the health of an economy…

The Indian rupee swung between modest gains and losses before closing marginally higher on Tuesday, pushed around by volatility in oil prices, while likely central bank intervention supported the unit and swap operations drained excess cash.The rupee rose 0.2% to end at 95.59 per dollar, helped by a 1.5% decline in Brent oil prices to $98.8 per barrel.Traders pointed to media reports stating that Iran had offered to reopen the Strait of Hormuz, a key energy artery,if the US eases military pressure and lifts its blockade.Oil prices were higher earlier in the session, weighing on the rupee even as dollar…

USD/JPY gains ground for the third consecutive day, trading around 157.70 during the European hours on Tuesday. The currency pair is consolidating after the recent pullback while remaining capped by the medium-term trend filter. Price is now above the nine-period Exponential Moving Average (EMA) but still below the 50-period EMA, which suggests a neutral to slightly bearish near-term tone as the broader upswing pauses under that dynamic resistance.The 14-day Relative Strength Index (RSI) at 53.48 points to modestly positive momentum, hinting that selling pressure has eased rather than reversed decisively, while the daily technical analysis indicates that the USD/JPY pair…

The rupee appreciated 13 paise to 95.65 against the US dollar in early trade on Tuesday supported by a pullback in crude oil prices and positive domestic market sentiment.Forex traders said the rupee opened positive this morning with Brent crude retreating from elevated levels on easing immediate supply concerns, as Saudi Arabia increased exports through the Strait of Hormuz and markets were hopeful of partial restoration of the damaged East-West pipeline.At the interbank foreign exchange market, the rupee opened at 95.75, then touched 95.65 against the American currency, registering a gain of 13 paise from its previous close.On Monday, the…