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USD Continues to Weaken, Gold Stands Out, Gilts Modestly Softer

Weak US jobs cooled Fed hike bets, USD slipped, gold rallied, while JPY stayed in focus amid intervention warnings.
3 July 2026

Impending Fed Pivot, US Investors Deviate, Global Disinflation Broadens

Fed pivot nears as inflation cools. Crowded USD longs may unwind, supporting gold while markets overprice rate hikes.
2 July 2026

Latest reports

Aug’26 C3 LST/FEI

Initial arb buying and market maker buying in LST spreads supported the US LPG benchmark. However, we now see greater selling in LST....
3 July 2026
Diver

EBOB Crack

In this edition, we look at Aug'26 EBOB crack.
3 July 2026

Brent Rebounds To $72/bbl; China calls for unhindered shipping flows through Hormuz

Brent Rebounds To $72/bbl; China calls for unhindered shipping flows through Hormuz
3 July 2026

Brent remains weak on expectations of easing supply

The drop in prices comes amid expectations of a glut due to Qatar reporting good progress on the Strait of Hormuz between the US and Iran...
2 July 2026