The US Dollar (USD) kept its bearish impulse well in place for the second day in a row on Wednesday, this time retreating from recent multi-month tops on the back of the marked improvement in the risk-associated universe and rising hopes of a … [Continue reading]
United States Retail Sales ex Autos (MoM) above forecasts (0.3%) in February: Actual (0.5%)
GBP/USD continues to push higher after closing in the green on Tuesday and trades above 1.3300 in the European session on Wednesday. The British currency gains as demand for riskier assets improves at the expense of the safe-haven US Dollar, … [Continue reading]
Greece S&P Global Manufacturing PMI up to 54.5 in March from previous 54.4
Gold surrenders modest Asian session gains to a nearly two-week top, and currently trades near the lower end of its daily range, below the $4,700 mark. President Donald Trump said on Tuesday that he expects the US to wrap up its military operation … [Continue reading]
Gold Price Forecast: XAU/USD recaptures key 100-day SMA resistance, what’s next?
Gold is sitting close to eight-day highs of $4,724 early Wednesday amid renewed market optimism on a probable de-escalation of the conflict in the Middle East, bracing for the US ADP Employment Change data for fresh trading impetus.Gold cheers … [Continue reading]
USD/IDR: Upside risks with BI liquidity tools – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight USD/IDR grinding higher toward 17,000 on firm Dollar, risk-off sentiment and Oil-related terms-of-trade pressures. Bank Indonesia’s (BI) new FX instruments (SVBI, SUVBI) are seen as … [Continue reading]
Canada: Growth rebound faces policy headwinds – NBC
National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme say Canada’s real GDP started 2026 on a firmer footing, with January growth beating expectations and preliminary data pointing to a solid Q1 gain. They highlight strong … [Continue reading]
Aluminium: Middle East outages tighten supply – ING
ING’s commodities team highlights that Aluminium prices rallied toward $3,500/t on the LME as Middle East supply risks escalated. Damage at Emirates Global Aluminium and potential disruption at Aluminium Bahrain threaten around 3.2Mt of annual … [Continue reading]
Australian Dollar rises as Trump’s peace call with Iran improves market mood
The Australian Dollar (AUD) trades higher against its major currency peers, with the AUD/USD pair rising 0.15% to near 0.6865, during the European trading session on Tuesday. The antipodean gains as the market sentiment turns risk-on, following … [Continue reading]
Gold trims a part of intraday gains as hawkish central banks counter softer USD
Gold (XAU/USD) struggles to find acceptance above the $4,600 mark and trims a part of its strong intraday gains to a one-and-a-half-week high, touched during the Asian session on Tuesday. Reports that US President Donald Trump is willing to wind down … [Continue reading]
Australia Private Sector Credit (MoM) meets expectations (0.6%) in February
Gold manages to keep the bullish bias for the second day in a row on Monday, coming close to the $4,600 region per troy ounce. The precious metal’s rebound comes despite the stronger US Dollar, while declining US Treasury yields across the board and … [Continue reading]