The Dow Jones Industrial Average slumped around 300 points on Friday, or roughly 0.6%, retreating from the 48,000 handle after two sessions of ceasefire-fueled gains. The S&P 500 dipped 0.15% while the Nasdaq Composite bucked the trend, edging … [Continue reading]
United States Consumer Price Index ex Food & Energy (MoM) came in at 0.2%, below expectations (0.3%) in March
Bitcoin, Ethereum and Ripple show signs of strength as they hold above key support levels, after gaining over 4.5%, 4% and 1.5% so far this week. BTC is testing the upper boundary of its consolidation range, while ETH and XRP continue to find … [Continue reading]
US CPI inflation set to reaccelerate in March amid higher energy prices from Iran war
The US Bureau of Labor Statistics (BLS) will publish the March Consumer Price Index (CPI) data on Friday. The report is expected to show a jump in inflation, driven by the upsurge seen in crude Oil prices after the United States (US) and Israel … [Continue reading]
Canadian Dollar declines as oil prices ease, US Dollar gains
USD/CAD gains ground after four days of losses, trading around 1.3820 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status as the largest crude … [Continue reading]
GBP/USD grinds higher but 1.3450 resistance refuses to budge
GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured. The pair touched 1.3480 earlier in the session before pulling back, and the … [Continue reading]
Asia FX: Geopolitics and cautious positioning – MUFG
MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East. He stresses that physical Oil flows through the … [Continue reading]
US: Labor data volatility clouds Fed path – Commerzbank
Commerzbank economists Bernd Weidensteiner and Christoph Balz highlight that recent US labor market indicators, especially nonfarm payrolls and hours worked, have become unusually volatile and subject to larger revisions. They argue this complicates … [Continue reading]
DXY: Range anchored as Fed cut seen – BBH
Brown Brothers Harriman’s Elias Haddad (BBH) notes that interest rate differentials are keeping the US Dollar Index (DXY) in a 96.00–100.00 range, even as recent ceasefire optimism faded on compliance doubts. Haddad maintains a structurally bearish … [Continue reading]
Ondo Price Forecast: Bearish setup persists as futures positioning turns risk-off
Ondo (ONDO) is facing downside pressure at press time on Thursday, threatening the $0.2400 support level. The derivatives market is leaning bearish on ONDO, with futures Open Interest dropping amid intense long liquidations. Technically, the … [Continue reading]
Japan Foreign Investment in Japan Stocks: ¥2B (April 3) vs ¥-4B
Ethereum is trading above $2,200 on Wednesday, continuing its momentum from the US-Iran two-week temporary ceasefire deal.The top altcoin's open interest, the total worth of outstanding contracts in a derivatives market, jumped to 14 million ETH. The … [Continue reading]