Silver prices are consolidating below a critical resistance zone near $61.85, with multiple technical indicators suggesting sellers retain control. Analysis points to a potential decline unless buyers can decisively breach this key level.
The energy services firm delayed its closely watched report on active oil and gas drilling rigs, a key indicator of future production, without providing a new release schedule.
The Canadian dollar gained against its U.S. counterpart as crude oil prices surged over 5% amid rising geopolitical tensions between the U.S. and Iran, also boosting expectations for a Bank of Canada rate hike.
Government bond yields in the Eurozone surged Wednesday, led by short-term debt, as escalating U.S.-Iran tensions drove oil prices higher and investors braced for potentially hawkish minutes from the U.S. Federal Reserve.
U.S. Treasury and German Bund yields remained elevated on Thursday after an escalation in Middle East tensions sparked a surge in oil prices, fueling investor concerns over a new wave of inflation.
Citi analysts forecast the Japanese yen could fall to ¥163 per U.S. dollar if the Topix equity index rallies to 4,500, citing portfolio rebalancing effects, though the historical correlation has recently weakened.
A surge in Japan's Topix stock index to the 4,500 level could push the USD/JPY exchange rate to 163, according to a Citi research note, which highlights the link between equity strength and yen weakness.
Deutsche Bank strategists argue that yield differentials are the dominant force in 2026 currency markets, favoring carry trades amid a stable global economy. The bank sees limited upside for the U.S. dollar and prefers the Swiss franc over the yen as a funding currency.
The Japanese yen strengthened significantly after reports suggested the country's massive government pension fund may increase domestic investments, while the U.S. dollar held steady ahead of key inflation data.
