US-Iran backchannel diplomacy intensifies, but prospects for a deal remain limited. Summary: US engaging Iran via intermediaries including Pakistan Vance…

Prior month 0.0% revised from +0.1% Details Sales: $1.9746T in January; +0.3% m/m (vs Dec 2025), +4.5% y/y Inventories: $2.6750T;…

FUNDAMENTAL OVERVIEW USD: The US dollar weakened across the board yesterday after Trump basically confirmed the WSJ report in a…

Key findings: Cost pressures intensify in March alongside notable supply chain delays Output and new orders buoyed as customers react…

Australia’s manufacturing sector returned to contraction in March as demand weakened and cost pressures surged. Middle East-related supply disruptions and…

Other nations can reopen the Strait Asked about reopening the Strait said “I do not think about it, to be…

In brief: Iran-linked strike hits Kuwaiti oil tanker in Dubai port; fire reported Saudi Arabia intercepts 8 Iranian ballistic missiles…

This reframes gold as less reliable in acute risk-off events, particularly where USD strength dominates. Near term, gold may remain…

ECBs Stournaras is on the wires saying: ECB would react to a 2nd round of price effects from oil shock…

Trump on Truth Social: The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME…