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MakroFXStreet News

New Zealand Dollar eased after hot US CPI with RBNZ inflation survey next on the slate

NZD/USD edged lower in choppy two-way trade on Tuesday, settling slightly down for the session. The pair set its peak during the Asian and early European hours, then fell to a session low around the 0.5935 area mid-session, before recovering part of the move into the New York close.

INFLATION
PetrolOilPrice.com

5 Oilfield Services Stocks Built for a Post-Hormuz World

When U.S. and Israeli forces launched coordinated airstrikes on Iran at the end of February, the energy market’s first question was how long the Strait of Hormuz would stay closed. Ten weeks later, that question is still open. Brent is hovering near $107, Trump called Iran’s latest counterproposal “

BRENT
PetrolOilPrice.com

US Crude Inventories Fall But Gasoline Stocks See Surprise Build

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.188 million barrels in the week ending May 8. In the week prior, US crude oil inventories fell by 8.1 million barrels. Analysts had expected a 1.65 million-barrel draw for the current reporting

CRUDE
GümüşFXStreet News

Silver Price Forecast: Bulls eye $90.00 as momentum surges

Silver (XAG/USD) price steadies on Tuesday following Monday’s advance of over 7%. At the time of writing, XAG/USD gains 0.69% and trades at $86.58 after bouncing off daily lows of $83.05.

SILVER
PetrolOilPrice.com

Trump Floats Federal Gas Tax Holiday as Pump Prices Surge

The Trump administration is considering a temporary removal of the federal gas tax in response to soaring retail fuel prices that have dampened consumer sentiment, sending it to its lowest since the early 1950s. “I think it's a great idea,” the President told CBS News in an interview Monday. “Yup, w

BRENTWTI
MakroFXStreet News

Forex Today: Hot US CPI boosts US Dollar as Treasury yields climb

The US Dollar Index (DXY) rallied toward the 98.30 region on Tuesday as hotter-than-expected United States (US) inflation data boosted Treasury yields and reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer.

FEDINFLATIONDXY
MakroFXStreet News

Fed: Neutral stance as inflation stabilizes – TD Securities

TD Securities economists judge that April Consumer Price Index (CPI) strength was driven by shelter and energy, but see core Personal Consumption Expenditures (PCE) Price Index running softer than CPI. They argue tariff pass-through is fading and supercore PCE should ease.

FEDINFLATION
AltınFXStreet News

Gold price sinks as hot CPI, Oil surge crush Fed cut bets

Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773.

GOLD
MakroFXStreet News

ECB's Nagel: We still have quite a bit of inflation ahead of us.

Joachim Nagel, President of the Bundesbank and member of the European Central Bank (ECB), told Handelsblatt on Tuesday that ECB rate hikes are becoming increasingly likely with the high inflation that is ahead of them.

ECBINFLATION
MakroFXStreet News

Fed’s Goolsbee: Don't think Fed independence is going away

Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, said that without central bank independence, inflation will come roaring back at the Greater Rockford Chamber of Commerce in Rockford, Illinois on Tuesday.

FEDINFLATION
MakroFXStreet News

US Dollar Index jumps after hot US CPI data reinforces hawkish Fed outlook

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, climbs to a five-day high on Tuesday as stronger-than-expected US inflation data bolsters the hawkish Federal Reserve (Fed) outlook.

FEDINFLATIONDXY
PetrolFXStreet News

Oil: Iran tensions and China demand shifts – Commerzbank

Commerzbank’s Barbara Lambrecht and colleagues note Brent has jumped as Iran–US tensions escalate and US policy debates gasoline tax relief. China’s crude Oil imports fell sharply in April, with further declines expected as shipments from Saudi Arabia and Iran drop.

BRENTCRUDE
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