Swiss National Bank (SNB) Chairman Martin Schlegel stressed the central bank’s willingness to intervene against excessive appreciation of the Swiss Franc (CHF) in his press conference post the monetary policy announcement, in which the central bank … [Continue reading]
US President Donald Trump threatens strike on Iran gas field if Qatar is attacked again
US President Donald Trump warned Iran against further retaliation after it attacked Qatar's Ras Laffan energy complex, causing "extensive damage" but no injuries.Trump wrote in a Truth Social post that Israel will not attack Iran's … [Continue reading]
Australia Full-Time Employment down to -30.5K in February from previous 50.5K
GBP/USD fell around 0.7% on Wednesday, sliding below the 1.3300 handle as Cable continues to grapple with the technical level. The sell-off extends the pullback from the late-January high near 1.3870, with the pair now trading below both of its … [Continue reading]
United States Net Long-Term TIC Flows below forecasts ($71.6B) in January: Actual ($15.5B)
Gold remains under selling pressure on Wednesday, slipping below the $4,900 mark to hit new six-week lows. The move is driven by a firmer US Dollar following stronger-than-expected inflation data, and as the Fed unveils its latest monetary … [Continue reading]
Federal Reserve set to keep interest rates steady spike in Oil prices adds fresh inflation risks
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, a pivotal meeting for markets to gauge the stance of the world’s most important central bank after an energy shock that could put the Fed’s dual mandate … [Continue reading]
South Africa Retail Sales (YoY) came in at 4.2%, above forecasts (2.5%) in January
Gold extends its sideways consolidative price move around the $5,000 psychological mark in Wednesday's European session as traders seem hesitant ahead of the crucial FOMC decision. The US Federal Reserve is widely expected to maintain the … [Continue reading]
AUD: RBA hike underscores domestic inflation risks – MUFG
MUFG’s Senior Currency Analyst Michael Wan highlights that global and Asian rates have repriced since the Iran war, with the Reserve Bank of Australia’s 25 bps hike illustrating how domestic inflation and macro conditions drive policy paths. He notes … [Continue reading]
Canadian Dollar holds steady ahead of Fed, BoC policy decisions
USD/CAD remains flat after posting little gains in the previous session, hovering around 1.3690 during the Asian hours on Wednesday. The pair holds steady as traders remain cautious ahead of policy decisions from both the Federal Reserve (Fed) and … [Continue reading]
United States API Weekly Crude Oil Stock registered at 6.6M above expectations (-0.6M) in March 13
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Silver Price Forecast: Fed decision could trigger a XAG/USD slump toward $64
XAG/USD Current price: $79.36The Middle East war is likely to impact central banks’ decisions.Market participants anticipate a hawkish shift by the Federal Reserve.XAU/USD pressures immediate support at $77.60, break lower exposes $64. Silver traders … [Continue reading]