EUR/USD
1.16856
-0.351%
Gold
4721.41
-0.801%
Oil
97.002
6.992%
USD/JPY
159.726
0.269%
GBP/USD
1.34034
-0.477%
GBP/JPY
214.092
-0.210%
Real-time News
April 13th, Futures News: Economies.com analysts latest view: Brent crude oil futures recorded strong gains in recent intraday trading, with prices rising and retesting the key psychological resistance level of $100.00 per barrel. This rally was supported by a positive signal from the Relative Strength Index (RSI) after reaching oversold levels. Currently, prices are also approaching the resistance level of the 50-day EMA; however, a corrective bearish trend still dominates in the short term, which may limit further gains in the near term.On April 13th, UBS Bank repurchased gold. This followed a significant reduction in its gold holdings due to the market downturn caused by the Iran war. The bank stated that it believes the long-term outlook for gold remains solid. UBS is gradually incorporating gold into its clients portfolios, having previously reduced its gold holdings from approximately 10% to 3%. Since the outbreak of the war, gold prices have fallen sharply due to concerns about higher interest rates and the impact of liquidity tightening. UBS plans to further expand its gold holdings, which have now risen to approximately 6% of its clients portfolios. The bank still expects gold prices to reach $6,000 per ounce by the end of the year, as structural demand—including central bank purchases, concerns about fiscal deficits, and geopolitical tensions—remains robust.On April 13, Malaysian maritime authorities seized two oil tankers and their crews suspected of illegally transferring diesel fuel. During the operation, the Malaysian Maritime Enforcement Agency seized approximately 800,000 liters of diesel fuel, including about 700,000 liters believed to be fuel transferred between vessels without permission. The seized fuel was identified as Euro 5 standard diesel, with an estimated value of approximately RM5.43 million (approximately US$1.4 million). The total value of the seized items (including those from the two tankers) is approximately RM2.33 billion.In a research report, Priyanka Sasheva, senior market analyst at Philip Novartis, stated that oil prices may be affected by news events in the short term. The oil market is once again focusing on geopolitical issues, and oil prices have once again broken through the psychologically significant $100 per barrel mark. Previously, the failure of ceasefire negotiations to reach a lasting agreement prompted the United States to announce maritime restrictions on ships entering and leaving Iranian ports. The market reaction highlights a simple but powerful fact: the risks in the Strait of Hormuz are not theoretical, but structural and real.Jefferies upgraded Starbucks (SBUX.O) from "Underweight" to "Hold" and raised its price target from $86 to $92.
