Copper to new record highs on structural demand and output challenges
Copper (Comex) prices rise to new all-time highs amid the ongoing AI boom and mining disruptions, but the Middle East conflict weighs on consumption.
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Copper (Comex) prices rise to new all-time highs amid the ongoing AI boom and mining disruptions, but the Middle East conflict weighs on consumption.
USOIL jumps after the US President deemed Iran's counterproposal unacceptable, dousing hopes for a peace deal and raising fears of an escalation in the conflict.
Meta’s increased AI spending sparked a negative market reaction as its cloudless model inhibits monetization, but the results were actually really strong, benefiting from AI-driven advertising growth.
The index powers ahead as the AI tailwind persists after AMD's earnings, while hopes for a US-Iran deal rise after President Trump touted progress on negotiations.
The pair posts a steep decline today, raising fresh intervention speculation after last week's reported action, but that may not be enough to provide lasting support for the yen.
The Australian central bank raised rates again to contain rising inflation driven by the energy shock from the Middle East conflict, but its tightening runway is getting shorter.
President Trump said he will raise tariffs on EU auto imports to 25%, exacerbating a tough external environment already strained by the Middle East conflict and mounting competition from Chinese rivals.
USOIL softens as the US aims to free ships stranded in the region, but the blockade remains in place while uncertainty around a resolution to the conflict lingers.
Alphabet's blowout earnings show its massive AI investments are paying off, driving financial growth and cloud demand, but challenges still loom.
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Oil, the USDOLLAR, gold, and the UK100 are all at key turning points, with geopolitical tension and oil-driven inflation set to dictate the next major market moves.
The pair drops on the lack of upside surprises in the data, but intensifying price pressures support the case for another RBA hike and the pair's bullish bias.
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