EU moves to legally enforce Russian gas, LNG import ban by 2027
The European Commission on Tuesday is expected to propose a ban on Russian gas and liquefied natural gas (LNG) imports into the EU by the end of 2027. This measure will…
European stocks slide lower as Iran-Israel conflict continues to weigh on sentiment
European markets opened sharply lower on Tuesday as the escalating conflict between Iran and Israel entered its fifth day, prompting a flight to safety among investors.The pan-European Stoxx 600 dropped…
Israel-Iran conflict triggers rally in Indian defence stocks: Mazdock, GRSE lead
The Israel-Iran conflict kept tensions high in the Middle East, and its impact on the stock market is becoming more visible now as Indian defence stocks rallied on Tuesday. The fresh…
Shipowners reroute from Strait of Hormuz as conflict escalates: report
Maritime traffic through the Strait of Hormuz is facing new disruption as shipowners reassess security risks in the wake of rising hostilities between Israel and Iran, as per a CNBC…
Broadcom president sells AVGO shares: should you follow suit?
Broadcom Inc (NASDAQ: AVGO) remains in focus this morning following reports that an insider offloaded significant amounts of the semiconductor stock on June 1.According to a recent securities filing, Charlie…
USD/CHF forecast ahead of SNB and Fed interest rate decisions
The USD/CHF exchange rate has plunged in the past few months as the Swiss franc gained momentum because of its safe-haven status and the ongoing US dollar index (DXY) crash.…
USD/JPY forecast: signal ahead of BoJ and FOMC decision
The USD/JPY exchange rate could be on the verge of a big move after forming a symmetrical triangle ahead of the Federal Reserve and Bank of Japan (BoJ) interest rate…
China’s oil stockpile grows despite falling imports; further stockpiling may depend on market conditions
In May, China saw a continued increase in crude stock builds, despite a decline in seaborne imports.Stockpiling rate exceeded 1 million barrels per day in May for the second-consecutive month,…
Israel-Iran conflict sends Middle East oil shipping costs higher
Worries over potential disruptions stemming from the Israel-Iran conflict are impacting the oil shipping industry. The costs associated with chartering tankers to transport oil from the Middle East to Asia have…
USD/JPY forecast: signal ahead of BoJ and FOMC decision
The USD/JPY exchange rate could be on the verge of a big move after forming a symmetrical triangle ahead of the Federal Reserve and Bank of Japan (BoJ) interest rate…