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Eamonn Sheridan

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Commodities
oil underpinned update 28 April 2026
Commodities

Iran has 22 days of storage left as naval blockade drives exports to near collapse

  • Bloomberg report that Iran is running out of places to put its oil and running out of time, citing Kpler warning that forced production cuts of up to 1.5 million barrels a day could arrive as soon as mid-May.
Eamonn Sheridan
28/04/2026 | 01:43 GMT
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Eamonn Sheridan
28/04/2026 | 01:43 GMT
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Central Banks
pboc cny yuan cnh 23 September 2025 2
Central Banks

PBOC sets USD/ CNY reference rate for today at 6.8589 (vs. estimate at 6.8282)

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
28/04/2026 | 01:16 GMT
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Eamonn Sheridan
28/04/2026 | 01:16 GMT
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News
Trump Carney
News

Foreign carmakers warn cheap models face U.S. exit without USMCA deal

  • Foreign carmakers are telling Washington that Trump's tariffs have already made their cheapest models unprofitable, and that without a credible USMCA renewal, those cars may simply disappear from American showrooms.
Eamonn Sheridan
28/04/2026 | 01:12 GMT
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Eamonn Sheridan
28/04/2026 | 01:12 GMT
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Forex
usdyen katayama cry wolf 28 April 2026
Forex

Katayama talks up yen intervention risk (as usual) as crude volatility weighs currency

  • Katayama has attempted to put yen speculators on notice with a coordinated U.S.-backed intervention threat, as surging oil prices compound pressure on Japan's currency and the BOJ prepares to deliver its rate decision.
Eamonn Sheridan
28/04/2026 | 00:46 GMT
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Eamonn Sheridan
28/04/2026 | 00:46 GMT
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Central Banks
Yuan remains strong 28 April 2026
Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.8282 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
Eamonn Sheridan
28/04/2026 | 00:23 GMT
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Eamonn Sheridan
28/04/2026 | 00:23 GMT
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