The EUR/USD pair managed to close the week in positive territory, but not before trading as low as 1.1499, its lowest since late March and still far below the previous weekly open.

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience.

Gold returns to the red in Asia on Friday, following a temporary short-covering rally above $4,200 seen a day ago. The bright metal is set to book a second consecutive weekly loss, having tested the year-to-date (YTD) lows near the $4,000 threshold earlier in the week.

Part one of this series closed on a single question: whether the pipeline agrees with the pump. Thursday answered it emphatically.

The European Central Bank (ECB) raised interest rates on Thursday as the war in Iran and energy disruptions revive inflationary pressures in the Eurozone.

The surprise rate hike from Bank Indonesia, aimed at protecting the Indonesian Rupiah from sliding further, seems to have worked for now. The rate increase definitely helps, but there’s more work to do if Jakarta wants to ease investors’ concerns for good.