Global Geopolitical Series: ‘No regime change’ to be key cornerstone in Iran-American negotiations

Jul 17, 2019 14:40 pm UTC| Commentary

Last night, during a cabinet meeting, U.S. Secretary of State Mike Pompeo said that Iran has agreed to engage in negotiations with the United States. While the current dire state of Iranian oil exports, which has declined...

API reports large draw while market awaits EIA report

Jul 17, 2019 14:07 pm UTC| Commentary

Oil benchmarks are moving lower as Iran has agreed to enter into negotiations with the United States over Irans missile program and nuclear ambition. Key factors at play in the crude oil market OPEC and non-OPEC...

Euro area headline inflation rises slightly in June

Jul 17, 2019 13:50 pm UTC| Commentary

The euro area headline inflation accelerated slightly in June. According to Eurostat, the consumer price inflation accelerated to 1.3 percent year-on-year from Mays 1.2 percent. Sequentially, the headline inflation...

FxWirePro: Silver heads to test February peak

Jul 17, 2019 13:33 pm UTC| Commentary

While the price of gold has been struggling lately in the face of a stronger U.S. dollar, silver has been outperforming since the second week of July. Since bottoming around $15 per troy ounce area in the first week of...

U.K. headline inflation remained stable in June, core rate accelerates slightly

Jul 17, 2019 12:48 pm UTC| Commentary

The U.K. headline inflation remained steady in the month of June. On a year-on-year basis, the consumer price inflation came in at 2 percent, consistent with the consensus expectations. The core inflation rate, which...

Italian industrial sales and orders rise in May

Jul 17, 2019 11:41 am UTC| Commentary

Italian industrial sales rose sequentially in May. On a seasonally adjusted basis, the turnover index rose 1.6 percent. The index for domestic market rose 1.4 percent, whereas the index for non-domestic market rose 1.9...

UK gilts surge after June CPI remains unchanged, meets market estimates

Jul 17, 2019 11:03 am UTC| Commentary Economy

The United Kingdoms gilts surged during European trading hours Wednesday after the countrys consumer price inflation (CPI) for the month of June, released today, remained unchanged from that in May, also meeting market...