Oil prices couldn’t escape a broader risk-off move amid intense selling of US equities and global growth concerns. ICE Brent settled a little more than 1.5% down on the day. A somewhat bearish release from the International Energy Agency (IEA) hardly … [Continue reading]
USD/CAD Price Forecast: Remains depressed around 1.4430-1.4425; downside seems limited
USD/CAD ticks lower on Friday, though it lacks follow-through and manages to hold above 1.4400. The optimism over US-Canada trade talks exerts pressure, while a modest USD uptick lends support. The range-bound price action also warrants some caution … [Continue reading]
Senate Democrats’s Schumer says he will support GOP funding bill, likely avoiding shutdown
Senate Democratic Leader Chuck Schumer announced late Thursday that he plans to vote to keep the government open as the chamber prepares to take up a GOP stopgap bill continuing government funding Friday. Key quotes I believe it is … [Continue reading]
US Dollar rebounds after PPI and jobless claims data
DXY climbs after better-than-expected jobless claims data. PPI figures come in softer, raising concerns about weakening demand. Markets await updates on US diplomatic talks in Russia over Ukraine ceasefire. Trump threatens 200% tariffs on European … [Continue reading]
EUR/USD Price Analysis: Buyers take a breather as consolidation phase begins
EUR/USD was seen trading around the 1.0850 area after the European session, correcting lower after a strong rally. Overbought conditions led to a pullback, with the pair possibly consolidating between 1.0800-1.0850 before resuming its uptrend. … [Continue reading]
Trump 2.0 and ASEAN: Potential tariff exposure – Standard Chartered
Unlike Trump 1.0, ASEAN now faces increasing risk of direct effects of tariffs under Trump 2.0. ASEAN can be exposed to product-specific tariffs, and the impact may be mitigated by universal nature, Standard Chartered's economists Edward Lee and … [Continue reading]
DeFi user loses over $700K USDC in a sandwich attack that experts suggest could be money laundering
A DeFi user lost over $700K to a sandwich attack on the Uniswap exchange. The user swapped 732,583 USDC to USDT but only received 18,636 USDT. Experts speculated that the transaction could be a money laundering scheme due to how the funds were … [Continue reading]
Australian Dollar holds gains despite softer Consumer Inflation Expectations
The Australian Dollar strengthens as the US Dollar struggles amid persistent tariff uncertainty and recession fears. Australia’s Consumer Inflation Expectations dropped to 3.6% in March, down from 4.6% in February. The latest US Consumer Price Index … [Continue reading]
Mexican Peso surges as traders price in Fed cuts after CPI decline
Mexican Peso drives USD/MXN towards the 20.00 figure. Tariff uncertainties persist but yield advantage keeps Peso attractive US CPI data softer than expected, raising bets on Fed rate cuts and boosting MXN appeal. Mexico’s Finance Minister … [Continue reading]
AUD/USD Price Forecast: There is a minor hurdle around 0.6360
AUD/USD added to Tuesday’s improvement beyond 0.6300. The US Dollar navigated a narrow range near recent lows. US recession fears and tariff concerns remained well in place. The Australian Dollar (AUD) managed to extend Tuesday’s uptick past the … [Continue reading]