THINK Ahead: Deal done, hikes axed? Not exactly

The Commodities Feed: Oil market in wait-and-see mode ahead of Trump-Xi meeting

The desk anticipates that the upcoming meeting between Presidents Trump and Xi will be pivotal for the oil market, particularly regarding the geopolitical landscape surrounding Iran. Per the full note from ing-think, traders are in a 'wait-and-see' mode, reflecting uncertainty about potential outcomes from this high-stakes dialogue. The desk believes that any positive developments could lead to a bullish sentiment in oil prices, which are currently sensitive to geopolitical tensions. With no significant economic data on the calendar in the next 30 days, market participants are likely to focus on this meeting as a key driver of sentiment.

The Commodities Feed: Ceasefire optimism weighs on energy markets

FX Daily: US price check this week

The desk anticipates that the upcoming US April CPI data will play a crucial role in supporting the dollar, particularly as investor sentiment remains cautious amid geopolitical tensions. Per the full note from ing-think, hopes for a ceasefire between the US and Iran have not materialized, contributing to a 4% rise in oil prices and a slight dip in equities. This backdrop suggests that firm inflation data could reinforce the dollar's strength. With no high-impact events on the calendar in the next 30 days, the focus remains squarely on the CPI release.

FX Daily: New ceasefire, still many open questions