DBS Group Research economists highlight that China’s Q1 2026 GDP growth accelerated to 5.0% year-on-year, driven by strong external demand and resilient industrial production, while domestic demand in consumption, investment and credit stayed weak. … [Continue reading]
United States CFTC S&P 500 NC Net Positions declined to $-115.8K from previous $-45.7K
Gold (XAU/USD) gained traction and climbed above $4,850, retaining gains as the week comes to an end. Iran's decision to fully open the Strait of Hormuz during the Israel-Lebanon ceasefire, despite tough conditions and pending … [Continue reading]
EUR/USD Weekly Forecast: Fragile optimism pressures the US Dollar
The EUR/USD pair closed a third consecutive week with gains near a fresh peak in the 1.1840 area, reaching its highest since late February. A largely empty macroeconomic calendar kept the focus on Middle East developments, with risk-on taking over at … [Continue reading]
USD/INR declines as RBI introduces special credit line for oil buyers
The Indian Rupee (INR) trades higher against the US Dollar (USD) on Friday, as the opening of special credit lines for state-run oil buyers to meet their foreign exchange needs has strengthened the Asian currency. The USD/INR pair declines to near … [Continue reading]
USD: Rate expectations and crisis hedging support – Commerzbank
Commerzbank’s Michael Pfister highlights that the US Dollar (USD) was a key short‑term beneficiary of the Middle East conflict, even if much of that strength has since reversed. He stresses that markets have repriced toward fewer cuts and possible … [Continue reading]
Australian Dollar bulls retain control amid US-Iran diplomacy efforts, hawkish RBA
The AUD/USD pair holds steady above mid-0.7100s during the Asian session on Friday and for now, seems to have stalled the previous day's modest pullback from its highest level since June 2022. Spot prices remain on track to register strong weekly … [Continue reading]
US Treasury Secretary Scott Bessent meets with global counterparts to reaffirm US policy
US Treasury Secretary Scott Bessent met with multiple world leaders this week, detailing the US' agenda of securing trade deals and policies aimed largely at reversing damage done through the first year of the Trump administration, specifically on … [Continue reading]
Dow Jones Industrial Average adds 90 points as Iran ceasefire hopes lift stocks
The Dow Jones Industrial Average added about 90 points, or 0.2%, to climb above 48,500 on Thursday, as Wall Street extended its weekly rally on growing confidence that the US-Iran war is moving toward resolution. The S&P 500 rose 0.3% to notch … [Continue reading]
United States Philadelphia Fed Manufacturing Survey above forecasts (10) in April: Actual (26.7)
Gold trims part of its modest intraday gains, albeit it retains a positive bias and trades above the $4,800 in the second half of the day on Thursday. Despite hopes for Iran diplomacy, the instability in the Strait of Hormuz offers some support … [Continue reading]
Dow Jones futures rise on prospects of renewed US-Iran negotiations
Dow Jones futures advance 0.11% to near 48,720 during European hours on Thursday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also rise 0.20% and 0.44% to near 7,070 and 26,480, respectively, … [Continue reading]