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]
AUD/USD extends slide to fifth straight loss ahead of key data week
AUD/USD slipped 0.42% on Monday, settling near 0.6850 and extending its losing streak to five consecutive sessions. The pair has now fallen over 300 pips from its year-to-date high close to 0.7190 set in mid-March, with the pace of selling … [Continue reading]
USD/JPY retreats from intervention red line as Japan warns on Yen weakness
USD/JPY retreats on Monday and trades around 159.60 at the time of writing, down 0.44% on the day, after reaching a nearly 20-month high above 160.00 earlier in the day. The move lower follows renewed warnings from Japanese authorities about … [Continue reading]