[MARKET UPDATE] DXY tops its 100 DMA (98.45) as it makes its way to 98.50, with the 200 DMA (98.52) in close proximity
The DXY has broken above its 100-day moving average, currently around 98.45, and is approaching the 200-day moving average at 98.52.
IEA OMR: world oil supply to fall by 3.9mln bpd in 2026 assuming Strait of Hormuz flows gradually resume from June (prev. forecast 1.5mln bpd fall); Sees total world oil supply 1.78mln bpd lower than demand in 2026 (vs. prev forecast 0.41mln bpd higher)
Nissan Motor (7201 JT) - FY25/26 (JPY): Net -533bln (prev. -671bln Y/Y), Operating Income 58bln (prev. 69.8bln Y/Y), Revenue 12tln (prev. 12.6tln Y/Y), does not plan FY26 dividends, sees positive auto FCF in H2; announces JPY 240bln impairment loss
[MARKET UPDATE] DXY tops its 100 DMA (98.45) as it makes its way to 98.50, with the 200 DMA (98.52) in close proximity
UK Minister Wes Streeting leaves 10 Downing street after less than 20 minutes, Sky reports
ECB's Dolenc says can expect consumer expectations from inflation to rise
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This upward movement suggests a potential shift in dollar strength, which could influence interest rate expectations and impact other assets, particularly commodities and risk-sensitive currencies.
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